|
91%
agree
74 votes
|
Focus on non-US economies provided advantage over others |
|
100%
agree
13 votes
|
Chevron close to a deal on Newfoundland Oil Field ( Hebron) |
|
100%
agree
9 votes
|
Chevron prepares to test new extraction technique in the Middle East |
|
11%
agree
18 votes
|
Chevron faces fierce competition from global giants |
|
25%
agree
28 votes
|
Free ride for Big Oil could end |
|
28%
agree
32 votes
|
Fall in crude prices reduces Chevron's revenue |
May 25, 2013
The Chevron Corporation (NYSE: CVX) is the second largest energy company in the U.S. (behind Exxon Mobil) and is one of the six supermajor oil companies. With operations in 180 countries,[1] it has a strong network of retail gas stations including Chevron, Texaco, and Caltex.[2] As a vertically integrated oil company, Chevron's operations span from oil production to mining and petrochemical manufacturing.
Chevron is subject to strict environmental restrictions and has faced costly litigation for contamination of the environment. For example, it is involved in an ongoing class action lawsuit for contamination of the Ecuadorian Amazon rainforest, and the plaintiffs have claimed damages exceeding $27 billion.[3] Chevron has also faced major challenges due to political instability in Nigeria, the largest oil exporter in Africa.
(Read more at Wikinvest
) - Company Overview
- Business Segments
- Crude Oil Production and Exploration
- Gasoline and Refineries
- Natural Gas
- Chemicals
- Mining
- Power Generation
- Geographic Segments
- Trends and Forces
- Environmental Concerns and Litigation
- Ecuador
- California
- The BP (BP) oil spill and the six month moratorium on offshore drilling in the Gulf of Mexico limit Chevron's production capacity in the region
- Chevron is streamlining downstream operations and investing in the more profitable upstream business
- Consumer demand for oil drives Chevron's sales
- Political instability in Nigeria threatens Chevron's operations there
- The Rise of Renewable Energy
- Competition
- References
