Bus 475 Assignment 2 Essay

3566 Words Jul 14th, 2014 15 Pages
Chevron’s Global Business Challenges
Anthony J. Smith
Strayer University
Dr. Johnnie Woodard
BUS 475
March 2, 2014

Chevron’s Global Business Challenges While embracing an effective and productive global business environment, there are often ongoing matters such as unethical business challenges, failure to embrace technology advancement, and stiff competition among businesses (Chevron, 2012). It is the responsibility of each individual global company to ensure that proper strategies and policies are utilized to address these challenges. This paper will analyze the Code of Conduct of Chevron Corporation, as it relates to other companies in the industry, while simultaneously determining the key issues impacting the
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Chevron believes it has retained their fundamental purpose, which is to provide energy people need to fuel to progress forward. In 2011, Chevron produced, on average, 2.673 million barrels of oil per day, 75% of which was done outside of the US. By the end of 2011, Chevron’s global refining capacity reached 1.96 million barrels of oil per day. They are the largest private producer of oil in Kazakhstan, oil and natural gas producer in Thailand, and overall oil producer in Indonesia. It has operations in more than one hundred countries and employs approximately 58, 286 employees (Chevron, 2013). Presently, Chevron has various projects in motion that will tap into fresh resources around the globe, including several offshore projects in Africa, Asia, and Europe. They are also involved with the development of the Athabasca Oil Sands project in Canada and the development of steam used to recover oil. As mentioned, they have begun to explore unconventional energy resources including natural gas, oil sands, geothermal and solar energy, and biofuels. Although Chevron recorded sales of $230,590 million during the 2012 financial year, the company actually decreased 5.6 percent from 2011 and the operating profit of

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