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Private Empire: ExxonMobil and American Power [Kindle Edition]

Steve Coll
4.1 out of 5 stars  See all reviews (129 customer reviews)

Print List Price: $18.00
Kindle Price: $10.29
You Save: $7.71 (43%)
Sold by: Penguin Group (USA) LLC

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Book Description

An “extraordinary” and “monumental” exposé of Big Oil from two-time Pulitzer Prize winner Steve Coll (The Washington Post)



In this, the first hard-hitting examination of ExxonMobil—the largest and most powerful private corporation in the United States—Steve Coll reveals the true extent of its power. Private Empire pulls back the curtain, tracking the corporation’s recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe—featuring kidnapping cases, civil wars, and high-stakes struggles at the Kremlin—and the narrative is driven by larger-than-life characters, including corporate legend Lee “Iron Ass” Raymond, ExxonMobil’s chief executive until 2005. A penetrating, news-breaking study, Private Empire is a defining portrait of Big Oil in American politics and foreign policy.






Editorial Reviews

From Bookforum

Coll employs language that’s plain, clear, and free of accusation. Though some of the details recounted across the sprawling narrative of Private Empire are outrageous, the reporting is deep and fair. — Coral Davenport

Review

Winner of The Financial Times and Goldman Sachs Business Book of the Year Award

A 2012 National Book Critics Circle Award Finalist

One of Financial Times' Best Books of 2012

 
“ExxonMobil has met its match in Coll, an elegant writer and dogged reporter… extraordinary… monumental.
--The Washington Post

Fascinating… Private Empire is a book meticulously prepared as if for trial, a lawyerly accumulation of information that lets the facts speak for themselves… a compelling and elucidatory work.”
--Bloomberg

Private Empire is meticulous, multi-angled and valuable… Mr. Coll’s prose sweeps the earth like an Imax camera.”
--Dwight Garner, The New York Times

"ExxonMobil has cut a ruthless path through the Age of Oil. Yet intense secrecy has kept one of the world's largest companies a mystery, until now. Private Empire: ExxonMobil and American Power is a masterful study of Big Oil's biggest player… Coll's in-depth reporting, buttressed by his anecdotal prose, make Private Empire a must-read. Consider Private Empire a sequel of sorts to The Prize, Daniel Yergin's Pulitzer-winning history of the oil industry… Coll's portrait of ExxonMobil is both riveting and appalling… Yet Private Empire is not so much an indictment as a fascinating look into American business and politics. With each chapter as forceful as a New Yorker article, the book abounds in Dickensian characters.”
--San Francisco Chronicle

"Coll makes clear in his magisterial account that Exxon is mighty almost beyond imagining, producing more profit than any American company in the history of profit, the ultimate corporation in 'an era of corporate ascendancy.' This history of its last two decades is therefore a revealing history of our time, a chronicle of the intersection between energy and politics."
--Bill McKibben, New York Review of Books

Product Details

  • File Size: 1666 KB
  • Print Length: 700 pages
  • Page Numbers Source ISBN: 1594203350
  • Publisher: Penguin Books; Reprint edition (May 1, 2012)
  • Sold by: Penguin Group (USA) LLC
  • Language: English
  • ASIN: B0064W5BPM
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #73,548 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
204 of 216 people found the following review helpful
Format:Hardcover
As a reader you can never really explain it, but a truly great author can make anything come alive while others will put you to sleep. Steve Coll is a Pulitzer Prize winner author of Ghost Wars - the Secret History of the CIA, which is another book you just can't put down. Private Empire is special, and the title is so appropriate, a company that has been in business for over a 100 years. It has seen 19 American Presidents come and go, and yet it remains the dominant energy company in the world, and this book covers the whole story.

There is very little devoted to the early history of the company. As we all probably know John D. Rockefeller created the Standard Oil Trust and when it was broken up by the Trust Busters in the early 20th century, one of the spin-offs was the early ancestor to what is now Exxon which eventually combined with Mobil Oil to form ExxonMobil. Rockefeller controlled 14% of the American economy at one point, and oil has remained our dominant energy source ever since.

What a book, what a story for Exxon is the tale of 20th century America and our country's rise to both prominence and dominance in the world both politically and economically. A company so powerful that it considers itself in many ways a state within a state with an internal security force the equivalent of the Secret Service that guards our President. And why not, Exxon has recruited the best of the retired Secret Service agents to develop, install, and maintain a security shield around this company's behavior and its employees.

The book devotes a chapter to the kidnapping and death of Exxon executive Sidney Reso and how CEO Lee Raymond completely revamped the entire company to ensure that it would not happen again.
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42 of 44 people found the following review helpful
4.0 out of 5 stars A Nuanced Look at ExxonMobil May 12, 2012
Format:Hardcover
A Pulitzer Prize winning New Yorker author writes a vast book about the largest corporation in the United States. You can picture the book, you say. Long on research, including large numbers of interviews with people who refuse to be quoted by name? Yes. Engaging distillation of technical information into a readily understood summary? Yes. Characters and scenes drawn with a cinematic vividness? Yes. Revelations that require the reader to rethink his or her basic understanding of the book's subject? Well no.

I spent most of the book's 700 pages waiting for The Revelation. The Secret. The...well, anything. This is certainly more the fault of my expectations than any deficiency in the book. But it is odd that the author would have spent such a huge amount of time and energy writing such a detailed book about two decades of ExxonMobil corporate history without a central theme. Maybe I have simply read too many books about the oil industry and spend too much of life reading business newspapers and magazines, but the general tale told in this book is very well known. What is less well known is the details of the various strands of the story, and those strands are told with exquisite detail, well supported by copious footnotes, even though many (most?) of the cited interviews fail to name the individuals cited.

The book starts crisply with a factual description of the hours leading to the Exxon Valdez disaster and ends two decades later with BP's Deepwater Horizon fiasco. In between we are given an inside look at the corporate culture and operating environment of ExxonMobil. The book consists almost entirely of dozens of intimate scenes.
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62 of 69 people found the following review helpful
4.0 out of 5 stars Well Written, Very Interesting May 3, 2012
Format:Hardcover
This was a door stopper of a book. I haven't had a real hefty book for a bit and it was a real delight to sit and hold a real solid book again. And what a book it was. Starting with the the Exxon Valdez spill and book-ending with the Deepwater Horizon disaster Private Empire details the arrogance that is ExxonMobil.

Mr. Coll's writing style is easy even when explaining oil extraction methods or the geopolitics of oil and natural gas rights. It reads almost like a suspense novel except that it's all true. And that is what makes it so scary. I found myself turning page after page reeling at my naivete. I think I want to go back to being uninformed. It's a happier state of mind.

Mr. Coll's research for the book was quite extensive and the book is heavily footnoted. He conducted over 400 interviews with people great and small and he weaves what they shared together with facts gathered from all over the world to take the reader on a ride from oil fields to the offices of political power in this country and beyond. It was utterly fascinating to get a peak inside the Borg like culture of Exxon. Tow the company line or find another job.

I have not enjoyed a non fiction book this much in a long, long time. I just wish I wasn't so surprised at what I learned.
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70 of 88 people found the following review helpful
2.0 out of 5 stars Gossip rather than facts June 2, 2012
Format:Hardcover
As described by more positive reviews, this book offers an entertaining read of different recent historical aspects of XOM. Those readers however who, like myself, are familiar with the oil industry, may be annoyed with the quite anecdotal nature of the whole book and it's lack of real substance. The author is clearly not an industry expert, rather more like a 'celebrity news' reporter.

To me the book lacks a central thesis that is founded on a structered story line. Instead interesting anecdotes are described and not always as complete as I would have liked to see them. The different aspects are in themselves entertaining to read, e.g. Exxon Valdez, kidnappings etc., but don't really tell you anything about XOM's inner workings, other than that it is a large company in an interesting industry working in interesting geographical locations; something everybody probably already understands. To me it was as if the author had uncovered a Wikileaks file on XOM and compounded some stories 'uncovering' XOM's seemingly dark motives.
Similar to Wikileaks though you may conclude that XOM is run with intelligence and common sense and yes, due to the nature of it's business, is sometimes confronted with interesting and challenging situations.

I would compare reading this book to reading celebrity gossip. If you're more interested in a factually astute book I would recommend The Prize by Daniel Yergin on the history of the oil industry in general and it's significant impact on politics and history - also very entertaining to read by the way.
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
The power of OIL!!
Published 8 days ago by D. Brown
5.0 out of 5 stars Must read
Fair and balanced (no, not Fox). Explains a lot. Well written.
Published 20 days ago by Michael J. Gray
4.0 out of 5 stars Very well written, not at all boring or dry
This is a really good book that I didn't think I'd like initially, but I'm glad I read it and glad I bought it. Read more
Published 27 days ago by burgerrunner
4.0 out of 5 stars Four Stars
INTERESTING BOOK I WOULD RECOMMEND IT
Published 1 month ago by JOHN
4.0 out of 5 stars Four Stars
I have activism in my DNA! My kind of reading.
Published 1 month ago by Rosa McDaniel
5.0 out of 5 stars Exxon vs. the World
Two warnings – first, this is not light reading. It's not difficult, but at 624 pages, there's a lot of material here. Read more
Published 1 month ago by cpt matt
4.0 out of 5 stars When you are *really* big, who matters to you?
The book is principally about the international doings of ExxonMobil (EM) during the leadership of the current and past CEOs, Lee R. Read more
Published 2 months ago by David Forel
3.0 out of 5 stars interesting but disjointed
This is a series of anecdotes about Exxon Mobil strung together without much holding the story together. Read more
Published 2 months ago by Gail Schoettler
5.0 out of 5 stars Very good. Very Long
I believe this book was (20) CD's. It provides an excellent account of Exxon Mobil's recent history. Read more
Published 3 months ago by Wrat9000
5.0 out of 5 stars Masterful
A great book on several different levels. An in-depth look at a huge energy company that is well-written, interesting, and seems to be a fairly objective narrative about a company... Read more
Published 3 months ago by TopCat19
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More About the Author

Steve Coll is a writer for The New Yorker and author of the Pulitzer Prize- winning Ghost Wars: The Secret History of the CIA, Afghanistan, and Bin Laden, from the Soviet Invasion to September 10, 2001. He is president of the New America Foundation, a public policy institute in Washington, D.C. Previously he served, for more than twenty years, as a reporter, foreign correspondent, and ultimately as managing editor of The Washington Post. He is also the author of On the Grand Trunk Road, The Deal of the Century, and The Taking of Getty Oil. Coll received a 1990 Pulitzer Prize for explanatory journalism and the 2001 Robert F. Kennedy Journalism Award for outstanding international print reporting and the 2000 Overseas Press Club Award for best magazine reporting from abroad. Ghost Wars, published in 2004, received the Pulitzer for general nonfiction and the Arthur Ross award for the best book on international affairs.



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Seriously? $20 for the Kindle version of this book?
Another idea being priced out of the market. Used books with shipping are sometimes cheaper but with increasing kindle prices they almost even out.except for the convenience of not having a pile of books it doesn't help my wallet in the least.
Aug 10, 2012 by Gary A. McConn |  See all 2 posts
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