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