Chevron Corporation is an American multinational energy corporation. It is one of the world’s largest integrated energy companies and is headquartered in California. The Company has proved reserves of 11.3 billion barrels of oil equivalent and a daily production of 2.7 million barrels of oil equivalent. Chevron provides administrative, financial, management and technology support to United States and international subsidiaries. The Company is active in more than 180 countries of the world.
Strengths
- It is highly diversified in gas, oil and geothermal energy sectors, including refining, exploration, and production.
- Chevron is the world’s biggest manufacturer of geothermal energy and employs around 67,000 people globally.
- It is the second-largest incorporated energy corporation in the United States and is one of the biggest companies in the world.
- Chevron Company is U.S. based multinational energy corporation.
- Chevron has strong financial position and constantly increasing revenue each year.
- Chevron Corporation is one of the globe’s six "supermajor" oil corporations.
- Chevron Corporation has strong global presence in more than one hundred and eighty (180) countries.
- It has big history of mergers and acquisition; some noticeable are:
a. In 2005, Chevron acquired the “Unocal Company”. Unocal has the big South East Asian geothermal operations.
b. In 2010, Chevron acquired Pennsylvania based Atlas Energy Company for $3.2 billion in cash and extra $1.1 billion in debt owed by Atlas. - It has a global marketing network in eighty four (84) countries with about 24,000 retail sites.
Chevron Company has maximum brand loyalties for gasoline in United States.
Weaknesses
Pages: 1 2