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Chevron

This paper provides recommendations for the Chevron oil company to continue to be competitive in the modern environment.

812 words () | 5 sources | MLA | 2009 United States

Paper Summary:

The paper examines the global competition facing the Chevron oil company and relates that in order for Chevron to capitalize upon the current market conditions, expansion of production volume is essential. The paper explains why Chevron would do well to both increase the supply of its sale-able product and seek out a strategic alliance with Iran. The paper notes that forming a strategic alliance with a politically questionable country may be ethically questionable, however, profit is the goal of any capitalistic company.

Outline:
The Impact of Global Competition
The Necessity of Expansion and Efficiency
The Strategic Utility of Expansion and Alliance
The Diversity of Oil and the Ethics of Supply

From the Paper:

"Chevron at the current time has a price of $97 a barrel for oil. Their production volume is at 13.4 million barrels, which will be put in perspective in regards to the global market shortly. For Chevron to continue to be competitive in the modern competitive environment, which is quite global with other countries possessing considerable comparative advantages, they must strive towards efficiency and volume. Were domestic production of oil to dramatically increase, foreign dependency could thereby be reduced, which would be highly beneficial to all facets of the American economy."

Sample of Sources Used:

"Historical Price Look-up." Chevron.
Pyziur, Max. "Crude Oil Price." Equities. 55.5, pp. 54-55. 2007.
Herbst, Moira. "The Oil Bubble Loses Some Air." Business Week Online. 11/15/2007, p. 32.
"Traders warn OPEC on Output Squeeze." MEED: Middle East Economic Digest. 51.20, p. 16. 2007.
Alhajji, A.F.; Huettner, David. "" Energy Journal. 21.3, pp. 31-62. 2000.