Chevron Group 7: Tyler brautigam, sara golden, mikaela raymond, grace rigney, joe shepherd, and Tim steffens

Introduction

Vision and Mission Update

Current Strategies

Strategy Explanation

Strategy Implementation

Financial Implication

Mission

“Chevron is committed to developing and providing energy with industry leading results across the globe through our expertise in upstream, midstream, and downstream sectors. We seek to provide healthy financial returns to our investors and are committed to being on the front end of emerging technology. We conduct our business in a socially and environmentally responsible manner with highly trained employees and a commitment to excellence.”

Vision

“At the heart of The Chevron Way is our vision … to be the global energy company most admired for its people, partnership, preservation, and performance.”

Current Projects

Gorgon, Australia: Natural gas project

Tengiz, Kazakhstan: Future Growth Project-Wellhead Pressure Management Project

Permian Basin, Texas: 2 million net acres of resources

Marcellus and Utica Shale, Northeast USA: Shale and tight oil

Chevron Power and Energy: Renewable energy and cogeneration facilities

Strategy Explanation

Needs and Benefits Assessment

Future Industry Technology Growth: up to 15% in certain concentrations

Environmental Benefits: detection and prevention

Employee Benefits: monitoring hazardous environments and increasing safety

Technology

Cognitive Cyber Security

Machine Learning

Case Based Reasoning

Robotic Well Drilling

Freight and Cargo Tracking

Wearable Technology

Virtual Reality Training

Strategy Implementation

Partnerships

Cognitive Cyber Security, Machine Learning, Case Based Reasoning: Spark Cognition

Freight and Cargo Tracking: Kpler

Wearable Technology: Parsable, ODG (Osterhout Design Group)

Virtual Reality Training: OpTech4D

Robotic Well Drilling: Robotic Drilling Systems

Timeline

Partnership Deals

Drilling and Well Technology

Cyber Security and IT Infrastructure

Product Tracking Technology

Wearable Technology

Refinery Maintenance Improvements and Additions

Employee Layoffs

Financial Implications

2016 Operating Expenses: 20.268 billion

Cut operating costs by 15% by 2024: savings of over 3 billion annually

Operating costs will be cut by:

Year 1 - 3%

Year 2 - 6%

Year 3 - 8%

Year 4 - 10%

Year 5 - 12%

Year 6 - 13%

Year 7 - 15%

Year 8 - 15%

Net profit margins will increase due to this plan:

Year 1:

Without strategy - 4.04%

With strategy - 3.08%

Year 4:

With strategy - 4.70%

Year 8:

With strategy - 5.33%

IRR = 13.96%

NPV = 6.113 billion

Conclusion

Vision and Mission Updates

Current Strategies

Strategy Explanation

Strategy Implementation

Financial Implications

Credits:

Created with images by jonathan mcintosh - "Chevron meme background" • jonathan mcintosh - "Chevron meme background"

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