- Breaking of the Clean Air Act in the United States
- Chevron Company was criticized for dropping its tax liabilities in the United States by buying oil from Caltex at inflated costs.
- Its operations in Africa, California and Ecuador have also been condemned as environmentally unsafe.
- Employee conflict in Nigeria and Legal action by the Iraqi Government resulted in declining sales of superior products.
- There has been a constant decline in the revenue amount of refined products.
- Chevron’s gas and crude oil reserves have been gradually declining constantly.
Opportunities
- Worldwide energy demand would augmented by a surprising 36% between 2008 and 2035.
- Oil demand in 2009 was 84 million barrels a day and is expected to grow up to 99 million barrels a day in 2035.
- United States has enlarged domestic oil production for the 1st time in a generation.
- Gas and oil will uphold to be pillars for worldwide energy/power supply for decades to come.
- Moderately priced gas and oil make renewable resource of energy like solar and wind comparatively less attractive and expensive to investors.
- New drilling method would open new opportunities for world-class gas and oil resources.
- Sufficient gas and oil to carry us onward until an alternative energy technology /sources can take their place.
- Enormous oil fields were discovered at Africa, Brazil, and Canada. These fields now supply North America with extra oil than Saudi Arabia.
- Energy experts currently forecast decades of commercial and residential power at rational prices.
- Renewable forms of energy and nuclear power would rise considerably.
Threats
- Canadian oil polish is more hazardous for the climate than most conservative oils because processing and mining of the sands need so much force and a loss of forests.
- Gas from shale depends on drilling methods and chemicals that may put in danger groundwater supplies.
- The economic downturn throttled the globe’s demand for energy, predominantly in the United States.
- Chevron is facing strong environmental regulations around the world.
- Access to gas and oil may continually be limited by geopolitics, particularly in geographic like the Middle East.
- Risks associated with conducting business outside the United States.
- Most experts forecasted that the United States had only 25 years of gas assets, and that it would require importing at least half of its requirements in the future.
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