Chevron
Background
Chevron is a publicly traded company on the New York Stock Exchange. Their stock symbol is CVX. Chevron is in the business of oil and gas and was founded in 1984 as the Chevron Corporation. Chevron’s headquarters is in San Ramon, California and they serve on a multinational level to over 180 countries world wide. This makes Chevron the fourth largest petroleum company in the world. In 2015 Chevron had grossed revenue of about 130 billion dollars with a net income of 4.58 billion dollars. John S. Watson currently serves as the chairman and C.E.O. of the Chevron Corporation and he also sits on the board of directors.
Lawsuits
Through out the years Chevron has faced a plethora of lawsuits. In 2011 they faced a controversial lawsuit when an Ecuadorian court in the Amazon Rainforest ordered Chevron to pay eight billion dollars in an environmental lawsuit. The suit came about because residents in that region of Ecuador claimed that careless drilling practices by the company Texaco which was acquired by Chevron in 2001, damaged a large portion of the rainforest and also hurt people that lived there back in the 1970’s and 1980’s. Chevron thought the ruling of the court in Ecuador was unlawful and they said they would appeal. The lawsuit originally asked for 27 billion dollars in damages. This was not enough for Chevron to make changes in their methods and practices because they were hit with another loss in a lawsuit in 2015. In 2015, a Canadian supreme court
Chevron considers itself as an ethical organization. Among Chevron's basic code is Integrity and honesty, which they quote as:
ExxonMobil is the largest publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum, and some are designated for manufacturing chemicals, lubricants, and market fuels (1). ExxonMobil's world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas, which is the highest in the industry (1). The company's discovered resources consist of 72 billion oil equivalent barrels of oil and gas. On average, each day, they produce 2.5 million barrels of oil and 10.5 billion cubic feet of gas (4). Their asset base, includes more than 60,000 production wells in 1,800 fields in 25 countries.
in the winter and the ecological damage was not as big as Santa Barbara or many
American people deal with their each own disability each and every single day. Some disabilities are mental, while others are physical disabilities. There are even a few disabilities which are being argued if it is a true disability or not which is sad because some people can really fall short to this aspect. Despite this, the American people are still forced to cope with each others disabilities. There are many laws and court rulings that shape everyone’s views on disabilities this day in time and it will always be changing because there are constant cases that come up. There are laws that have been passed to help the disabled, which I see no problem in because that person can not help because of the disability upon them. Acts like the ADA,
In the political cartoon drawn by Taylor, you notice a large amount of symbolism. John D. Rockefeller is seen holding the White House in the palm of his hands; surrounding him, hundreds of oil barrels and the Capitol building pictured as an oil refinery. This image literally symbolizes the power oil companies' —specifically Rockefeller's Standard Oil Company's— power over the economy and the government years after the Civil War.
Intro: Chevron and Exxon are two major gasoline providers for North America. While typical citizens see their existence as gas station companies, they have other aspects to their company. Chevron also produce and transport crude oil and natural gas, refine, market and distribute transportation fuels and lubricants, manufacture and sell petrochemical products, and generate power and produce geothermal energy. (http://www.chevron.com/about/leadership/). Exxon is also another well-known company. Exxon produces and sells fuel and produces petrochemical products. Chevron and Exxon have both been on the fortune 500 list for over five years. Human resource policies, merging of companies, and ____ have all contributed to the success of these companies.
1. Consider and discuss the impact of the rising price of gasoline on as many other products and services as possible.
Case: Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc., et al., 467 U.S. 837 (1984)
Due to violations of the clean-air law, Exxon Mobil agreed to pay $2.5 million for civil penalties and spend $300 million to improve pollution-control technology in their plants along the Gulf Coast. This settlement will prevent thousands of tons of pollution in the future, such as benzene (which causes cancer), from plants in the Texas and Louisiana area. Many environmentalists, however, disagree that this settlement is punishment enough for years of violations committed by the giant oil company. This deal settles allegations that the federal Clean Air Act was violated by Exxon for releasing many harmful pollutants after modifying their flaring systems. These allegations were noted more than a decade ago. However, Exxon declared it will make
On the national level changes were made which heightened environmental awareness as well. The Oil Pollution Act of 1990 was written and passed which raised liability, set up new prevention measures and a response fund. Exxon was fined millions of dollars as a result of their negligence. First they were fined $150 million, the largest fine ever for an environmental fine. Exxon next agreed to a $100 million dollar fine for wildlife damage. Finally in the civil settlement they agreed to pay $900 million dollars over a 10-year period. By imposing these fines the government wanted to make sure nothing like this would ever happen again.
Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of dollars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009).
Exxon Mobile is one of the most successful companies in the oil and energy industries today. But what makes them so successful? In an effort to answer this question, a thorough internal investigation can be helpful in determining what aspects of this company are making it an industry leader. Two aspects of this internal analysis of Exxon Mobile are the company’s resources and capabilities.
There are three short term recommendations and three long term recommendations. The short term recommendations are so the company can decrease their net capital to debt ratios, create a competitive advantage, and decrease research and development time frame. The long term recommendations are for the company to evolve, explore the market analysis, and invest in more biofuel options.
This report consists of financial analysis of Exxon Mobil Corporation and it is based on the company annual report for the fiscal year ended December 31, 2006, on the company’s official documents placed at their website and on other appropriate sources. For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso and Mobil, as well as terms like Corporation, Company, their and its, are sometimes used as abbreviated references to specific affiliates or groups of affiliates.
Chevron Corporation is an American multinational energy corporation. Headquartered in California, and active in more than 180 countries, it is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world 's six "supermajor" oil companies.