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Chevron: Human Energy
Chevron is one of the worlds leading integrated energy companies, with industries that conduct business worldwide. Also Chevron Company is one of the largest oil companies in the United States. Chevron is out of San Ramon, California. The company started in 1879 with the discovery of oil in Pico Canyon north of Los Angeles. The name Chevron became its legal entity name of 1984. Chevron also merged in 2001 with Texaco to grow its business in crude oil and the natural gas market around the world. The company employs 58,000 people around the world and also 4,000 in service stations. Chevron is producing more than two million barrels of crude oil each day. In this paper, the following topics will be discussed: an overview of the company, latest product developments, and unique marketing strengths. Chevron Corporation has a net income of $5.0 billion for the third quarter of 2013. The operating profit margin improved from 2011-2012 with an increase from 19.49% in 2011 to 20.09% in 2012. The top three competitors for Chevron Corporation are: (1) XOM: Exxon Mobil Corp, (2) BP: BP PLC, and (3) Royal Dutch Shell. All of these competitors also bring in billions of dollars worth of revenue every year. Chevron Corporation is the fastest growing producer in the world. They are expected to expand even more between now and 2020 and still remain the largest LNG producer. Most of Chevrons growth will take place within the next five years.
Latest Product Developments
Chevron has product presence in both Americans and foreign countries. They offer retail, commercial, industrial and aviation fuel products and services (chevron.com). Thus their customer base ranges from people who are in need of retail, commercial, industrial or aviation fuels and services throughout the Americas and foreign countries.
In 2012 it reported proved reserves of 11.3 billion barrels of oil equivalent and a daily production of 2.6 million barrels of oil
Chevron is one of the worlds leading integrated energy companies, with industries that conduct business worldwide. Also Chevron Company is one of the largest oil companies in the United States. Chevron is out of San Ramon, California. The company started in 1879 with the discovery of oil in Pico Canyon north of Los Angeles. The name Chevron became its legal entity name of 1984. Chevron also merged in 2001 with Texaco to grow its business in crude oil and the natural gas market around the world. The company employs 58,000 people around the world and also 4,000 in service stations. Chevron is producing more than two million barrels of crude oil each day. In this paper, the following topics will be discussed: an overview of the company, latest product developments, and unique marketing strengths. Chevron Corporation has a net income of $5.0 billion for the third quarter of 2013. The operating profit margin improved from 2011-2012 with an increase from 19.49% in 2011 to 20.09% in 2012. The top three competitors for Chevron Corporation are: (1) XOM: Exxon Mobil Corp, (2) BP: BP PLC, and (3) Royal Dutch Shell. All of these competitors also bring in billions of dollars worth of revenue every year. Chevron Corporation is the fastest growing producer in the world. They are expected to expand even more between now and 2020 and still remain the largest LNG producer. Most of Chevrons growth will take place within the next five years.
Latest Product Developments
Chevron has product presence in both Americans and foreign countries. They offer retail, commercial, industrial and aviation fuel products and services (chevron.com). Thus their customer base ranges from people who are in need of retail, commercial, industrial or aviation fuels and services throughout the Americas and foreign countries.
In 2012 it reported proved reserves of 11.3 billion barrels of oil equivalent and a daily production of 2.6 million barrels of oil
Cited: “Chevron Corporation SWOT Analysis." Chevrontexaco Corporation SWOT Analysis (2013): 1-10. Business Source Premier. Web. 4 Nov. 2013. "The Power of Human Energy." Chevron Corporation Home. N.p., n.d. Web. 04 Nov. 2013. "Chevron Corporation SWOT Analysis." Chevrontexaco Corporation SWOT Analysis (2013): 1-10. Business Source Premier. Web. 4 Nov. 2013.