Chevron Analysis
“The Chevron Analysis”
Instructor: Mr. James McCague
Class: FIN 4461
By: Jairo Rivero
Company Position Chevron is a world-renowned company that is a leader in the development of energy resources that help drive human progression. The ability to meet the needs of ever-expanding energy consumption is what makes Chevron an innovative and market leading company. When people think of Chevron many think of “Big Oil”, when in fact, its business strategy is very complex and entails: * Exploration and Production (oil and natural gas) * Manufacturing, Products (lubricants, etc.) * Transportation (global trading, pipelines, shipping, etc.) * Other businesses (chemicals, mining, power and technology)
“The company’s vision is to be the global energy company most admired for its people, partnership and performance“(Chevron.com). With this being said, the company as a whole is built on a solid foundation of core values. These values include: integrity, diversity, trust, ingenuity, high performance, partnership and protecting people and the environment. Established in 1879, by a group of explorers and merchants, the company was initially named Pacific Coast Oil Co. Through the over 100 years of service to consumers and businesses, Chevron has established itself as one of the premier energy production companies in the world. It has even created its own methodology in “The Chevron Way”. Over the years Chevron has strived to achieve efficiency and effectiveness in its business strategy and operational excellence compared to other companies such as Exxon Mobil. Increasing stockholder wealth over the years, Chevron has also has been categorized as a “blue chip” stock (CVX symbol on the S&P 500 and DJIA) because of its stability and profitability. Oil and other natural resources are not unlimited and competition for these resources will become even fiercer. With a vast network of business partnerships and resources Chevron is truly a company that has an
Instructor: Mr. James McCague
Class: FIN 4461
By: Jairo Rivero
Company Position Chevron is a world-renowned company that is a leader in the development of energy resources that help drive human progression. The ability to meet the needs of ever-expanding energy consumption is what makes Chevron an innovative and market leading company. When people think of Chevron many think of “Big Oil”, when in fact, its business strategy is very complex and entails: * Exploration and Production (oil and natural gas) * Manufacturing, Products (lubricants, etc.) * Transportation (global trading, pipelines, shipping, etc.) * Other businesses (chemicals, mining, power and technology)
“The company’s vision is to be the global energy company most admired for its people, partnership and performance“(Chevron.com). With this being said, the company as a whole is built on a solid foundation of core values. These values include: integrity, diversity, trust, ingenuity, high performance, partnership and protecting people and the environment. Established in 1879, by a group of explorers and merchants, the company was initially named Pacific Coast Oil Co. Through the over 100 years of service to consumers and businesses, Chevron has established itself as one of the premier energy production companies in the world. It has even created its own methodology in “The Chevron Way”. Over the years Chevron has strived to achieve efficiency and effectiveness in its business strategy and operational excellence compared to other companies such as Exxon Mobil. Increasing stockholder wealth over the years, Chevron has also has been categorized as a “blue chip” stock (CVX symbol on the S&P 500 and DJIA) because of its stability and profitability. Oil and other natural resources are not unlimited and competition for these resources will become even fiercer. With a vast network of business partnerships and resources Chevron is truly a company that has an
Cited: 1. The Chevron Way. Chevron. 28 Aug. 2011 http://www.chevron.com/about/chevronway/ 2 3. 2010 Chevron-SEC 10K Filing. SEC. 31 Aug. 2011 http://www.sec.gov/Archives/edgar/data/93410/000095012311017688/f56670e10vk.htm#F56670201 4 5. "Americas Oil and Gas Insight - September 2011.” Americas Oil and Gas Insight 1 Sep. 2011: ABI/INFORM Trade & Industry, ProQuest. Web. 3 Sep. 2011. 6 7. Nina M.Rach. "What 's new in exploration.” World Oil 1 May 2011: ABI/INFORM Trade & Industry, ProQuest. Web. 3 Sep. 2011. 8 9. Wertheim, Paul, and Robinson, Michael A. "Issues in forecasting company liquidity.” Business Credit 1 Oct. 1993: ABI/INFORM Global, ProQuest. Web. 6 Sep. 2011. 10 11. Francis, RN. “The Relative Information Content of Operating and Financing Cash Flow in the Proposed Cash Flow Statement.” Accounting and Finance 50.4 (n.d.): 829-851. Social Sciences Citation Index. Web. 31 Oct. 2011. 12. Troy, Leo Ph.D. Almanac of Business and Industrial Financial Ratios. 2011 Edition. Chicago, IL:CCH 13