Chevron Strategic Plan Group 6

Isaac Sinclair, Jonathan Hassler, Luke Stump, Joshua Beason, Minh Nguyen, Angie Pacitti, Nathan Greene

Introduction

  • Chevron is one of the leaders in the oil and energy industry
  • Chevron has been struggling in recent years due to dropping oil and gas prices
  • Our strategy seeks to capitalize on the Chinese market for natural gas
  • Our strategy will make Chevron go from an already great company to an even greater one

Mission and Vision

  • At Chevron, our team of diverse and talented associates and partners use of efficient technologies in developing sustainable, environmentaly responsible energy that improves the lives of our customers and powers the world
  • Chevron's vision is to be a global leader in sustainable, environmentally conscience energy

Current Operations

  • Upstream exploration and production
  • Midstream transportation, power and trading
  • Downstream manufacturing and retail
  • Natural gas is a growing segment of Chevron's energy portfolio
  • Operating in six continents

IFE

EFE

SWOT

Recommendations

  • Penetrate the natural gas market in China
  • Build a shale gas refinery on the Tarim Basin
  • Concentrate upstream production and exploration for natural gas in China
  • Work in conjunction with CNPA for shared use of Chinese natural gas pipeline
  • Increase the export of shale gas from Chevron Tengiz into China to fund refinery costs and increase public relations

Total Cost Expenditures

Projected Financials

Financial Support for Strategy

  • Company revenue will increase to $166,613.22 million
  • Net income will increase to $25,118.44 million
  • Boost cash and cash equivalents to $19,736.52 million
  • Accounts receivable and notes receivable will reach $14,203.21 million
  • More inflows to allocate for expenses
  • EPS and ROE will increase attracting more investors to gain working capital

Conclusion

  • This strategy will bring the supply, technology, and production of shale gas that will meet China's increasing demand
  • Emphasis on gas being made in China for China
  • Expanding into the Chinese market will allow Chevron to become the global leader in natural gas production

Credits:

Created with images by anita_starzycka - "gas oil rig drilling rig" • ford8n - "Chevron" • swong95765 - "Chevron Sign and Bird on a pole - DSC2590" • 4504097 - "building modern architecture modern" • A National Acrobat - "Chevron." • dherrera_96 - "Canadian Chevron" • Go-tea 郭天 - "Long exposure 38/52" • Thomas Depenbusch - "Shanghai, China" • jp26jp - "oil rig industry refinery" • PublicDomainPictures - "oil drilling offshore"

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