Case 1: Chevron October 24‚ 2011 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 1936
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Culture Change at Texaco By “The Moral Matadors” (team #6) Michael Breler | Chris Hollis | Matt Hoover | Laura Beth Martin | Chanda Pathak | Scott Stover PIPSCo CASE WRITE-UP Situational Facts • Texaco was sued for discriminating against African Americans • CEO Peter Bijur settled the case for $175 million ($140 to damages‚ $35 to independent task force) • The stock to fall $3 per share • Blatant racist language and behavior on the part of Texaco employees and managers
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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
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Merger: Valuation Process and Evaluation of Financial Performance in case of United Insurance Company and Shama Plc By: Jemaneh Bayou January 2008 Advisor: Abebe Yitayew (Asst. Professor.) A PROJECT PAPER SUBMITTED TO THE SCHOOL OF GRADUATE STUDIES OF ADDIS ABABA UNIVERSITY IN PARTIAL FULFILLMENTS OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN ACCOUNTING AND FINANCE ADDIS ABABA UNIVERSITY SCHOOOL OF GRADUATE STUDIES Faculty of Business & Economics Department of
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Chevron Corporation What began as the Pacific Coast Oil Company on September 10‚ 1879 in San Francisco transformed into what is now Chevron Corporation‚ recently ranked 8th among the world’s top oil companies by Petroleum Intelligence Weekly in 2011‚ second among US oil companies behind ExxonMobil. The company has a market capitalization of over $204.9 billion. They have expanded into essentially every area of the energy industry‚ including exploring for‚ producing‚ and transporting crude oil and
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In 1979‚ 64 percent of Americans had an unfavorable opinion of the U.S. oil industry. With a disapproval rating so high‚ California-based Chevron retreated from the public eye‚ discontinuing corporate advertising campaigns until a less hostile environment presented itself. By 1982‚ the situation had improved enough for Chevron to restart effective communications with consumer audiences. Under the leadership of Lewis Winters‚ Chevron’s Public Opinion Research group used psychographic research to select
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Chevron fined for Amazon pollution by Ecuador court A court in Ecuador has fined US oil giant Chevron $8.6bn (£5.3bn) for polluting a large part of the country’s Amazon region. The oil firm Texaco‚ which merged with Chevron in 2001‚ was accused of dumping billions of gallons of toxic materials into unlined pits and Amazon rivers. Campaigners say crops were damaged and farm animals killed‚ and that local cancer rates increased. Condemning the ruling as fraudulent‚ Chevron said it would appeal
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Chevron Corporation (NYSE: CVX) Chevron is one of the world’s largest energy companies. It is based in San Ramon‚ California‚ U.S.A. and is active in over 100 countries. The Company takes part in every aspect of the oil and natural gas industry. Apart from the exploration‚ production‚ manufacturing‚ sales and power generation‚ Chevron also invests in “renewables” and advanced technology. I chose to examine Chevron because it is an American company that has a large involvement in the Australian
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A Ratio Analysis Report on Chevron Corporation By Brandon Dickerson Q1. When did the company begin operating and where are its major locations? Chevron Corporation is based in San Ramon‚ California‚ but has offices and does business in over a 100 countries. Their roots are traced back to an oil discovery at Pico Canyon‚ Ca in 1879 that led to the formation of Pacific Coast Oil Co. The company later became Standard Oil Co. of California and adopted the name Chevron in 1984 when it merged
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I am seeking to study Engineering Economy in France this summer‚ and I am in need of financial assistance in order for me to go. This Chevron scholarship would make a significant impact on the cost of my trip. Studying abroad sounds like a big adventure‚ and I am excited to have to chance to explore another part of the world and learn practical engineering knowledge at the same time. During my two years at Mississippi State‚ I have been very focused on my academics. I have put in many hours of hard
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