Chevron Case Study - 1617 Words

Case Study: Chevron Corporation (CVX) History The multinational Chevron Corporation dates back to its early beginnings in 1870 as Pacific Coast Oil Company. Following subsequent mergers, they eventually emerged as Standard Oil Company in 1911 after a forced divestiture into 34 independent companies by the U.S. Supreme Court under the Sherman Antitrust Act. It would later become Standard Oil Company of California (SoCal) after acquiring Pacific Oil Company in 1926. 10 years later, the SoCal joined forces with The Texas Company (a predecessor to Texaco) and formed Caltex Group of Companies, in order to manage interests of both entities in Middle East and Indonesia with an outlet through Texas Companys establish European†¦show more content†¦The company also increased their shale gas reserves and acquired Atlas Energy Inc. in Feb 2011 for $4.47 billion, including assumed debt. Divisions amp; Products UPSTREAM: Exploration and production of crude oil. Australia Cambodia Canada China Indonesia Kazakhstan/Russia Liberia Poland Republic of Congo Romania Russia Turkey United States Venezuela MIDSTREAM: Production, liquefaction, regasification, pipeline and marine transport, trading, power generation and marketing of natural gas. Western Africa Bangladesh Canada China Indonesia Kazakhstan The Philippines South America Thailand United Kingdom United States Vietnam DOWNSTREAM AND CHEMICALS: manufacturing and marketing, supply, trading and transportation petrochemical refining, motor fuels and lubricants under the brands Chevron, Texaco and Caltex. Africa Caribbean Europe Southeast Asia South Korea Unite States US Gulf Coast * TECHNOLOGY: * * * Energy technology Technology ventures Information technology Australia Scotland United Sates (California and Texas) RENEWABLE ENERGY: Largest producer of geothermal energy in the world Under subsidiary Chevron Energy Solutions Indonesia Philippines OTHER: Cash management Real estate Debt financing External Environment Analysis Though the energy and oil industryShow MoreRelatedChevron Case Study3960 Words   |  16 PagesCase 1: Chevron October 24, 2011 â€Æ' Introduction of the Company Chevron began with the discovery of oil north of Los Angeles in 1879 and was originally named the Pacific Coast Oil Company. Later John D. Rockefeller’s Standard Oil bought Pacific Oil in 1900 to form Standard Oil (California). In 1911, the Sherman Antitrust Act would force the breakup of the parent Standard Oil and Chevron became Standard Oil of California or Socal. Socal would go on to form joint venture with Texaco in 1936Read MoreCompetitive Bidding and Acquisition: Chevron Case Study680 Words   |  3 PagesHowever, the most uncertainty that was faced from the Unocal organization before the deal was complete was who was going to buy the company. There were several interested parties including the Chinese CNOOC who actually offered a higher price than Chevron. If the Chinese national firm would have purchased Unocal there would have undoubtedly been many changes that would have occurred in the company internally. However, members of Congress actually passed certain legislative barriers which were craftedRead MoreThe Environmental Performance of Chevron in Terms of Fulfilling Social Needs Within Society and Stakeholders1706 Words   |  7 PagesWith annual revenue of US $19.02 billion, Chevron Corporation is the 16th largest integrated oil and gas energy company in the world. Globally they account for a workforce of approximately 62,000 (Forbes 2011). In 2010, the company produced 2.763 million barrels of oil per day (Chevron 2012). Corporations as large as Chevron owe a great amount of responsibility towards the society and environment above and beyond the economic and legal obligations. The industry is strongly linked to environmentalRead MoreChevron (Value Chain + Core Competencies)1423 Words   |  6 PagesConclusion 7 References 9 Introduction Chevron Corporation is multinational energy organization engaged in every facet of the oil, natural gas and thermal energy industries. Its downstream operations include selling products such as fuels, lubricants and petrochemicals to the global market. Chevron’s success is greatly driven by their vision ‘to be the global energy company most admired for its people, partnership and performance’ (Chevron Corporation, 2015), reflecting their initiativeRead MoreEssay on Stakeholder Analysis- Fracking803 Words   |  4 PagesAnalysis Pursuing hydraulic fracturing as a top manager of Chevron, I will describe the dilemmas that are associated with fracking. The first problem with this procedure is finding the appropriate land and leasing it from the landowners. With talk around the country, it can be difficult finding land because of landowners’ personal experience with the practice of hydraulic fracturing. In southwestern Pennsylvania there have been cases of animal birth defects, faucet erosion, stomach pains, and otherRead MoreEnvironmental Policy : The State Of Michigan And The Environmental Protection Agency884 Words   |  4 Pagesin American politics. The landmark case between the state of Michigan and the Environmental Protection Agency arose the recurring question as to whether, and to what extent, agencies should account for the cost of engaging in environmental regulation and public health. This has not been the first time the Supreme Court has had to deal with such issue, in fact this has been t he fifth time the court has had to intervene in a related matter. In this specific case of the state of Michigan and the EnvironmentalRead MoreThe Terms Of The Environment : Center For Sustainable Shale Development1107 Words   |  5 PagesCorporation (HES) earns a place for the seventh consecutive year on the Dow Jones Sustainability Index (DJSI) North America, which identifies firms for outstanding economic, environmental, and social performance (Business Wire, September 9, 2016). Chevron Corporation (CVX) presents its sustainable operations on Barrow Island by setting a high business conduct (The Australian Financial Review, March 9, 2016). There are also some negative media releases concerning the environment. For instance, ExxonRead MoreWhy Is It Important For Oil And Gas Business?1091 Words   |  5 Pagesgas industry, professionalism is a basic requirement from the people who work for energy production right from the geologist to production engineer stage. If we lack at any stage our whole project may lead to unsuccessful or net profit may reduce. Case Study 1. NATIONAL IRANION OIL COMPANY (courtesy: en.nioc.ir) National Iranian oil company (NIOC) has successfully increased its production capacity of crude oil to 4.335 million barrels per day from March 2007 to March 2008, compared with 4.275 millionRead MorePt Chevron Pacific Indonesia and Hsbc3549 Words   |  15 PagesExecutive Summary This case study report describes a research on two large organizations namely PT Chevron Pacific Indonesia and HSBC in relation to their approaches to managing workforce diversity. The goal of this report was to identify workforce diversity theory and its advantages and disadvantages of managing workforce diversity. It also aims to analyse two organizations approaches to managing workforce diversity and evaluate advantages and disadvantages of the organizations’ approaches basedRead MoreEthics Is A Moral Principle That Governs A Person1265 Words   |  6 Pagesuse to guide us in our everyday life. However when it comes to Environmental ethics, we all have different point of views. Environmental ethics according to the Stanford encyclopedia of Philosophy is defined as â€Å"the discipline in philosophy that studies the moral relationship of human beings to, and also the value and moral status of, the environment and its non-human contents†. The reason why there is such a different point of view is because of education or just human greed. Not everyone in the

Redwall Book Report Essay - 1541 Words

nbsp;nbsp;nbsp;nbsp;nbsp;Redwall is about a young mouse named Matthias. He lived in an abbey called Redwall. Redwall was a nice, peaceful place until a rat called Cluny the Scourge came with his horde and tried to take it over. The night before the citizens of Redwall knew that Cluny was coming, Matthias and Brother Alf had caught a giant fish that was big enough to feed all of the animals inside of Redwall so they had a big feast. When Matthias and Constance the badger were taking some of the animals who lived outside of the abbey home, they saw Cluny and his horde rolling past in a hay cart so they went back to the abbey to warn everyone. Cluny took one of the empty houses to use as his camp site until he took over the abbey. The†¦show more content†¦Cluny fell from the tree along with some other rats. Cluny lived but the other rats that fell died instantly. When Matthias got back, Methuselah had found some secret writing where the tapestry had once been. It was a riddle that said â€Å"Who says that I am dead, Knows nought at all. I-am that is, two mice within Redwall, The warrior sleeps, ‘Twixt hall and cavern hole, I-am that is, Take on my mighty role. Look for the sword, In moonlight streaming forth, At night, when day’s first hour reflects the North From o’er the threshold, Seek and you will see; I-am that is, My sword will wield for me.† Methuselah and Matthias spent a while trying to figure out what it meant. Methuselah discovered that â€Å"I-am that is† meant I Matthias when you unscrambled the letters. He also found that one of the lines was talking about the staircase in Redwall. Methuselah and Matthias went to the staircase and thought about the riddle more. Somehow they figured out that they needed to remove the middle step, so they hat the moles take it out. After the stair was removed, the y found a tunnel. At the end of the tunnel they found Martin’s tomb. By the tomb they found his shield and his belt that held the sword but the sword wasn’t there. That night, they had set the shield down where the Riddle had instructed them to. They waited until midnight when the full moon was up. The reflection from the shield went to the

Travel Agent Career Project Free Essays

The occupation that I chose is to be a Travel Agent. â€Å"Travel agents sell transportation, lodging, and admission to entertainment activities to individuals and groups who are planning trips. They offer advice on destinations, plan trip itineraries, and make travel arrangements for clients. We will write a custom essay sample on Travel Agent Career Project or any similar topic only for you Order Now † (OOH) The reason i chose this job is because my mom is a travel agent so I am able help her out a lot, and after long experience i discovered that i enjoyed being a travel agent and that i would like to be one in the future. Ive been helping her out for at least seven years, and i am very experienced and knowledgeable with all of the systems, and how everything goes. My personality type description shows that I am a confident person who is always sure of there self, and that I speak my mind directly and honestly. I am strong opiniated and i am very convincing. People admire my determination and my social skills, which shows that i achieve high standards to keep the respect that others have for me. I am very creative and i dont like repitition, so i always need to be challenged to keep myself interested. I am also very imaginative which helps me look beyond everything to find a solution or think of how everything goes. I dont go well with slackers and everything has to be done on time. Also the personality trait says that people are impressed with my knowledge, and that i am very respectful so people feel comfortable with me. After i completed the whole values worksheet/evaluation, i realized that my main values in life are: fame, money, power and humanitarianism. I feel that these values fit into my career choice because many famous people like to go on vacations, and that if i succeed my expectations, i can become a rich, famous and popular travel agent. You need to be knowelgeable with: customer and personal service, geography, sales and marketing, transportation, and the english language. Also you need a high school degree, or something equal to it. You do not need training, but many people like to go to travel school so they are ready. You need very well social skills. You have to be reasonable, and you cannot be rude. You have to be able to solve issues, and keep everyone happy. The national pay per year is $31,870. The interests and aptitudes for this job are: social skills, people skills, managing skills, computer skills, geographical skills, and knowledge on tours, transpiration, and policies. I think i meet this criteria because I have all of those skills, i have traveled many times, and i am very familiar with everything a travel agent needs to know. â€Å"Developing and following a well laid-out plan, networking effectively to get good information and advice, and impressing people by becoming very knowledgable about their interests and/or organizations. (MBTI) There isnt really a promotion for this job. Everybody does the same exact thing. The benefits of this job can be the tip, commision, and/or hourly rates you get paid. Since this job doesn’t have major promotions, there really isnt a big difference for that instance. There isnt any information on benefits. Works Cited http://www. onetonline. org/link/summary/41-3041. 00 https://connection. naviance. com/family-connection/personality-type â€Å"Summary. † U. S. Bureau of Labor Statistics. U. S. Bureau of Labor Statistics, 11 July 2012. Web. 26 Nov. 2012. . How to cite Travel Agent Career Project, Essay examples

Case Study of Walmart Global Operations †Free Samples to Students

Question: Discuss about the Case Study of Walmart Global Operations. Answer: Introduction: Analysis of country risks enables organization such as Walmart deals with the prediction of political, macroeconomic source of change and non-market events such as social and economic causing strategic, personnel and financial loss. Before making investment decisions, country analysis helps in comparing country market. Assessment of risks can be done by using PEST framework. This framework incorporate all the risk factors associated with organization entry into other countries. Political risks, economic risks, social risks and technological risks. Political risk can be at micro level or macro level. Stability of political factors is of utmost importance for Walmart when entering in developed and developing economies. Entry decision of organization is greatly impacted by political uncertainties in country. Some of the political factors impact decision of Walmart involves government regulations and political system, secure and safety domestic environment. Mexico lacks institution and there is marginalization of population along with manipulation of populism. Corruption is another factor that poses the risk of investment decision in the country (Csipak et al. 2014). Political agreement of Mexico helps in facilitating free movement of goods and services that leads to import export promotion. Foreign direct investment and trade regulations might have important effects that can be transmitted through vertical structure of production. Business of Walmart would get affected by some of economic factors such as change in exchange rate, interest rate, taxes, recession, demand and supply scenario. Payment to international suppliers will be affected by change in exchange rate and strategies formulated by organization is impacted by change in interest rate (Wach 2014). As understood from the characteristics of the social risk, it can originate from numerous ways. In some circumstances, Walmart might internationally or unintentionally contribute to the social or environmental problems and might enable the stakeholders to mount the difficulties by whatever means they have. Walmart might face the problem of operating in areas that are having deep social problems with stakeholders negative perception on misinformation or the lack of resources to the problems that prevails. Problems such as communications, chains of supply and other trading relationships might pose as a social risk for Walmart. Walmart has struggled online and has lagged behind in the market experiments by using social networking technologies that have yielded mixed success. The company faces technology risk in the areas of promoting its merchandising in the local markets internationally. The ecological aspects of the company lags in the areas of radio-frequency identification tags under the supply chain. The technological aspects of the company has led an effect on the customers inattention to customer service at home. Greenfield- Green field strategy is a strategy where a wholly owned subsidiary is owned by expanding firm in a country by subsidiary building. Strategy of green building emphasizes on making good use of capacity of resources of organization. This will assist in establishing new production capacity and production means from foreign market. Main focus of this type of investment is to develop business strategies. Investing via the Greenfield strategy comes with drawback that it required huge amount of financial resources for establishing subsidiaries (Xu et al. 2015). In most of the case, less information is available about host country apart from financial issue. This is so because operations is commenced by new subsidiary with no resources that are transferred from local company compared to merger and acquisition. Merger and acquisition is an investment method used by organization through external market trading for expanding internal growth. A cross border merger is strategy in which two countries operating in home countries agrees to integrate on a relatively equal basis and combining their competitive advantage for contributing to global market success. Cross border acquisition is an entry mode where firm willing to expand to other country buys controlling interest in existing company of foreign country (Li et al. 2013). Joint venture is another foreign market entry mode under which an organization is allowed to gain access to new market. An organization intending to enter international market is able to reduce their risk exposures as such type of venture requires less managerial attention and investment. There are some key issues associated with joint venture such as pricing, technology transfer, technology, length of agreement, government intention and long term capabilities (Khandelwal 2014). The choice of entry modes by organization depends upon various risks prevailing in organization. There exist risks in terms of demand uncertainty of products, political risks and others risks prevailing in any particular country. Moreover, selecting a particular entry mode can be risky to the organization if it brings high risks. Choosing joint venture is a high investment that comes with high risks. Entering any country using foreign direct investment is associated with higher management complexities and greater risks. Similarly, green field investment and acquisition also involves high level of financial investment along with risks. If the market in which organization is seeking entrance is characterized by low risk, then in such scenario, firms tends to opt for wholly owned entry modes (Isa et al. 2016). Entry of Walmart in Mexico was in response to various factors such as liberalization of foreign investment codes and reduction of trade barriers in mid 1980s-1990s. The commitment of Mexico in general to integrate with global economy and opening of its market particularly to United States was one of the compelling factor for Walmart to enter the country. Restrictions on foreign investment was relaxed by Mexico. Signing of North America Free trade agreement (NAFTA) in year 1994 and joining of nation with General agreement on tariff and trade led Mexico to lock its inward looking policies and shifting away from populist (Daszkiewicz and Wach 2014). The performance of industrial sector has been considerably affected by opening of market of Mexico and liberalizing of its trade policies. Factor that has made nation an attractive business destination of Walmart is reducing trade barriers. It was perceived by largest retail brand of United States that such barriers reduction would assist th em in easily brining consumer goods to market of Mexico. Another fact that as sufficient for inducing producers to make investment in re-tooling and marketing is protection of producers of caustic soda and border fictions removal. Under mid-1980s, producers of consumer goods in Mexico were highly protected. This was the main reason why the retailers of United States stayed away from investing and doing business in Mexico as their main strength was in home market suppliers. Following over half decade, retailers in Mexico began selling consumer goods in their home country that was imported from United States because of declining tariff on such goods. There was transformation in commercial policy of Mexico due to signing of NAFTA and providing foreign investors with national treatment made Mexico an attractive place to large retail chain based in US. Population of Mexico also heightened this attraction with increasing urbanization and growth in middle class. Demand of consumer gods was driven by growing and increasing affluent population of Mexico. Participation of foreign retailers such as Walmart initiated in light of approach of Mexican retailers concerning possible collaboration with their counterparts in California and Texas. Progression of negotiations of NAFTA resulted in increasing interest by United States retailers in Mexico. A wave of joint venture was triggered between foreign retailers in United States and Mexican retailers due to these events. In year, 1991, Walmart entered into market of Mexico by forming joint venture with Aurrera an important retailer of nation. The majority of control of Aurrera was took over by Walmart and eventually half of retail market of Mexico is controlled by Walmart. Furthermore, entrance of US retailers was in response of approach of suppliers of Mexico as it will enable them to reach larger market without making any investment in logistics and distribution. Experience of Walmart in South Texas where researcher and analysts cited gains from expanding in Mexico added further to making foreign investment by retail giant. Economic integration was also because of US companies seeking cheap labour (Thomas et al. 2014). The H-O model can be defined as the general equilibrium model that is used to measure the equilibrium of the international trade. The model is used as the comparative advantage for Walmart in predicting the pattern of trade and commerce and the factors involved in the production depending upon the endowment factors of the Mexico. This is essentially used by the Walmart in order to export the products that uses their abundant and cheap factors of productions and imports products that make the use of the scarce resources factors. The model is used as the comparative advantage in those consumer goods for which the needed factors of production are relatively abundant domestically. As a result of this for Walmart goods that are domestically abundant is cheaper to produce than those goods that need inputs which is scarce in Mexico. Growing interest on part of super chain retail market to accommodate the population of Latin American countries by providing them with heritage and nostalgia brands. It also propelled retail gain super chain market to establish their business in Mexico. Products of supermarket chains of US has well established brand names in Mexico and in this context, it was not required by Walmart to spend of costly advertisement campaign. Increase in export share of US and accordingly import share of Mexico was another factor that compelled host country and foreign country to engage in such investment (Nguyen 2017). This had the possibility of improving trade relations and overall economic scenario of both the countries. The introduction of largest retailers of US made foreign firms feel that they do not need local collaborators and this resulted Walmart in buying controlling interest in Aurrera with which it formed joint venture. Competitive pressure brought by Walmex has resulted in creating innovation and waste reduction. Moreover, shedding of labour has resulted in contributing to gain to developing counties such as Mexico. Innovative activities have are resulted in creating successful firms by improving their revenues and increasing products appeal (Kahn and Kok 2014). Mexican retail sector was induced with two fundamental changes with growing dominance of Walmex. Retail sector was modernized in terms of inventory management, warehousing and distribution. The way suppliers interacted with retail companies was also changed. Growing information technology availability was also reflected as foreign investment benefits to host country. Supply chain system of Mexico was also changed by US retail companies requires drivers to have identification cards and delivery trucks to have appointments and relying on centralized warehouse to channel deliveries to suppliers. Standardized palettes were required for carrying out transactions through shipment. Quality of products produced was subjected to test by third party auditors. Upstream supplying industries were significantly impacted by entry of Walmart into Mexico (Shabbir 2016). Several benefits was attributable to Mexican owned firms that was brought through the interaction of foreign suppliers and imitation. Such firms were approached with new production process, new inputs and innovative products. The production efficiency of small and medium sized suppliers was improved through stimulus provided by retail giant such as Walmart and enabling them to adopt innovations. Foreign investment such as those of Walmart into Mexico has resulted in increasing exports of host nation and capturing a greater share of foreign market (Spicer and Hyatt 2017). Relative bargaining position of large and small firms in developing countries such as Mexico was one of the fundamental effect of Walmex. Supply to store brand, cleaners and detergents was done by Walmex using domestically owned medium and small sized producers. This has resulted in uplifting position of such small business firms and thereby contributing to development process. Foreign investment has also resulted in increasing industry wide efficiency of major brand suppliers and small suppliers and this has been done shifting the high cost suppliers out of business. Firms relying on terms of Walmex has resulted in exploiting scale of economies by enabling them to reach larger share of market. Retailing in Mexico has become more efficient by the distribution system of retail giant. Manufacturing process, inputs and packaging are some of major new developments in Mexico. Mexican producers are effectively precluded by these trends from including detergent technologies. Suppliers have been encouraged to develop inputs by cutting inventory cost among large detergent makers (Martnez et al.2017). The manufacturing sector of Mexico has been polarizing effected by Walmarts entry into Mexico. Difference between strong and weak firms have been sharpened by Walmex for manufacturing sector as a whole. For some of Mexican producers, Walmarts entry was beneficial while for some other producers, it was detrimental. However, intensified competition brought by the entrance of retail giant has brought some remarkable structural changes in Mexico. References list: Csipak, J.J., Rampal, R. and Josien, L., 2014. The Effect of a Wal-Mart Supercenter on Supermarket Food Prices: The Case of the City of Plattsburgh in Upstate New York. Academy of Marketing Studies Journal, 18(2), p.251. Daszkiewicz, N. and Wach, K., 2014. Motives for going international and entry modes of family firms in Poland. Journal of Intercultural Management, 6(2), pp.5-18. Isa, C.M.M., Saman, H.M., Jaapar, A. and Nasir, S.R.M., 2016. Linking Entry Timing (ET) and Entry Mode (EM) Decisions in International Market Expansion by Malaysian Construction Firm: Toward the Development of ETEM Model. In Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014) (pp. 79-92). Springer, Singapore. Kahn, M.E. and Kok, N., 2014. Big-box retailers and urban carbon emissions: The case of Wal-Mart (No. w19912). National Bureau of Economic Research. Karodia, A.M., Thomas, S. and Khan, S., 2014. The Potential to Unleash Unrivaled Supremacy Using Wal-Mart as a Case Study by Means of Using Management Information Systems (Mis), Fimancial Systems and Sound Accounting Practices: Lessons for Large and Small Retail Businesses. International Journal of Accounting Research, 1(8), pp.36-48. Khandelwal, R., 2014. Case Analysis Report:Wal-Marts Rising Sun? A Case on Wal-Marts Entry into Japan. Li, H., Jin, Z., Li, V., Liu, G. and Skitmore, R.M., 2013. An entry mode decision-making model for the international expansion of construction enterprises. Engineering, Construction and Architectural Management, 20(2), pp.160-180. Martnez, A.B., Galvn, R.S. and Alam, S., 2017. Financial Analysis of Retail Business Organization: A Case of Wal-Mart Stores, Inc. Nile Journal of Business and Economics, 3(5), pp.67-89. Nguyen, T.T.H., 2017. Wal-Marts successfully integrated supply chain and the necessity of establishing the Triple-A supply chain in the 21st century. Journal of Economics Management, 29. Shabbir, M.S., 2016. Why Manufacturers are Less Powerful than Retailers in Trade Circles? A Case Study of Wal-Mart Retailing Business. Journal of Global Economics. Spicer, A. and Hyatt, D., 2017. Walmarts Emergent Low-Cost Sustainable Product Strategy. California Management Review, 59(2), pp.116-141. Thomas, S., Karodia, A.M. and Khan, S., 2014. The Potential to Unleash Unrivaled Supremacy Using Wal-Mart as a Case Study by Means of Using Management Information Systems (Mis), Fimancial Systems and Sound Accounting Practices: Lessons for Large and Small Retail Businesses.International Journal of Accounting Research,42(1482), pp.1-13. Wach, K., 2014. Market Entry Modes for International Business. E. Horsk (First Edition), International Marketing: Within and Beyond Visegrad Borders, pp.135-147. Wang, X., Petkova, B. and Wood, L.C., 2014. Do suppliers benefit from supply chain sustainability programs? The case of Wal-Mart. In Proceedings of the 12th ANZAM Operations, Supply Chain and Services Management Symposium. The University of Auckland Business School. Xu, H., Taute, H.A., Dishman, P. and Guo, J., 2015. Examining Causal Relationships among International Experience, Perceived Environmental Uncertainty, Market Entry Mode, and International Performance. In International Marketing in the Fast Changing World (pp. 135-156). Emerald Group Publishing Limited.