Financial Analysis of Chevron - 4177 Words

Executive Summary This paper focuses on a financial analysis of Chevron from the perspective of a potential creditor. The issue surrounds primarily the creditworthiness of Chevron rather than the type of credit that would be issued. Specifically, the issue is whether we would lend Chevron 10% of its net assets. The net assets for Chevron are $209.474 billion, so the amount in question is $20.9 billion in new debt. The report will first analyze the financial statements of Chevron in general terms, focusing on trends and ratios, and drawing conclusions about the overall financial health of the company based on that analysis. The second part of the paper will outline some of the criteria that a lending institution would have for lending to a company, and then that criteria will be applied to Chevron specifically. Chevron operates in the hydrocarbon industry, where it is one of the worlds largest companies with sales of $241.9 billion and net income of $26.18 billion. It is the conclusion of this analysi s that a creditor should lend Chevron an additional $20.9 billion. The company has the liquidity, solvency and the cash flow to pay back this amount of debt. The company currently finances its operations largely from operating cash flows, with a small amount of long-term debt. This low debt level has left the company with a balance sheet strong enough to withstand a further $20.9 billion in debt. As a lender, it has been found that Chevron meets all of the lendingShow MoreRelatedA Comparison of Exxon and Chevron1707 Words   |  7 PagesExecutive Summary Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit withinRead MoreTexaco and Chevron1747 Words   |  7 Pages[pic] RESEARCH PAPER SUBMITTED BY: SISA, MARILYN VILLAFLORES, CYLLEN D. BFA AA 4 SUBMITTED TO: MRS. ARACELI JAYNE CANONIGO-CULIBRA, MMBM I. COMPANY PROFILE Chevron is one of the worlds largest integrated energy companies. Headquartered in San Ramon, Calif., we conduct business worldwide. We are engaged in every aspect of the crude oil and natural gas industry, including exploration and production, manufacturing, marketing and transportation, chemicals manufacturing and sales, geothermalRead MoreChevron Case Study1617 Words   |  7 PagesCase Study: Chevron Corporation (CVX) History The multinational Chevron Corporation dates back to its early beginnings in 1870 as Pacific Coast Oil Company. Following subsequent mergers, they eventually emerged as Standard Oil Company in 1911 after a forced divestiture into 34 independent companies by the U.S. Supreme Court under the Sherman Antitrust Act. It would later become Standard Oil Company of California (SoCal) after acquiring Pacific Oil Company in 1926. 10 years later, theRead MoreChevron (Value Chain + Core Competencies)1423 Words   |  6 PagesConclusion 7 References 9 Introduction Chevron Corporation is multinational energy organization engaged in every facet of the oil, natural gas and thermal energy industries. Its downstream operations include selling products such as fuels, lubricants and petrochemicals to the global market. Chevron’s success is greatly driven by their vision ‘to be the global energy company most admired for its people, partnership and performance’ (Chevron Corporation, 2015), reflecting their initiativeRead MoreCompetitive Analysis : Shell Company1683 Words   |  7 PagesCOMPETITIVE ANALYSIS Shell is the largest oil, gas, and energy company compared to Total, Exxon, Chevron, and BP. Shell is very competitive and innovative because they out-think their competition always change their strategy to be the best. Shell changed their name from Shell Oil Gas to Shell Energy to set them aside from the competition which was a brilliant move. Peter Voser, the Chief Executive Officer of Royal Dutch Shell stated, â€Å"We are delivering a strategy that others can’t easilyRead MoreEssay on Exxon Mobil and Chevron Financial Performance2071 Words   |  9 Pagesexxon mobil and chevron Exxon Mobil and Chevron Financial Performance Understanding the key ratios of a company is very important for investors. Each ratio uncovers the inner workings of the company, and may lead an investor to make a decision on whether to invest in the company, or to continue looking elsewhere. Exxon Mobil and Chevron are both in the same industry, and are virtually household names. In this study, key ratios of these two companies will be analyzed, and a comparison of resultsRead MoreCompany Overview: Chevron4530 Words   |  18 PagesIntroduction Chevron is a multinational company whose primary business involves the exploration for, extraction of and retail of hydrocarbon products. The company trades on the New York Stock Exchange under the ticker symbol CVX. Its market cap of $226 billion makes it one of the largest companies in the world by that measure. Chevron has sales of $241.9 billion, net income of $26.18 billion and with a beta of 0.80 is a fairly low-risk investment (MSN Moneycentral, 2013). This paper focuses onRead MoreCompany Overview Of Brazil s State Controlled Oil Company1082 Words   |  5 Pagesbillion reais ($ 10.9 billion) profit in the year before. A massive corruption scandal involving several former Petrobras officers, which were accused of money laundry, criminal operation and passive corruption, negatively affected the company’s financial year and forced the former CEO to resign. Additionally, the devaluation of the brazilian currency, inflationary pressure and the slow growth of Brazil’s GDP also distressed Petrobras’ recent year. Finally, Petrobras has become the world’s most indebtedRead MoreWhats in it for Chevron and Oil Drilling? Essay1494 Words   |  6 Pagesand lengths that oil companies are willing to go to in order to boost revenues by oil exploration. Chevron – An oil giant Chevron Corporation is headquartered in San Ramon, California and has a presence in more than 180 countries worldwide. Its core business is energy and it focuses on oil, gas and geothermal forms of energy. It is a publicly traded company on the New York Stock Exchange. Financial figures as of 2012 are as follows; revenue was USD 241.909 Billion, operating income of USD 46.332Read MoreChevron Company Analysis4123 Words   |  17 Pagesï » ¿Chevron Company Analysis Chevron Company Analysis Table of Contents Executive Summary †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 1. Vision and Strategy †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 2. Balanced Scorecard †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 3. Strategic Map †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 10 4. Recommendations †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 14 5. Balanced Scorecards Evaluation †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 16 Reference list †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 17 Executive Summary The following pages focus on

Op-Ed Summary Free Essays

Summary: Don’t Blame the Eater The Op-Ed piece, â€Å"Don’t Blame the Eater,† by David Zinczenko talks about the issue of obesity in America and whose fault it really is, the eater or the people providing the food. His claim on the subject is that it is the industries fault for the obesity in America and not the peoples fault because finding an alternative to eating cheap food on the go is nearly impossible. He makes an example of himself right in the third paragraph, explaining how his mom had to work long hours to pay the bills and his choices for food were pizza hut or KFC because that was the only affordable choice for him. We will write a custom essay sample on Op-Ed Summary or any similar topic only for you Order Now He also employs a lot of logos in the following paragraphs by mentioning statistics on the matter of diabetes, and the amount of money put into treating it as the years progress. Shooting down opposing arguments also plays a factor in Zinczenko’s essay when he asks the reader â€Å"shouldn’t we know better than to eat two meals a day in fast-food restaurants? † He states that this is one argument, but then makes the point of where are consumers, particularly teenagers, supposed to find alternatives. He also introduces the concept of not knowing any information on the food that we are consuming, and the misleading advertising in fast food products where certain â€Å"healthy foods† are really just masked by misleading serving sizes and lack of dressing and noodles and almonds for say a healthy salad. I believe he sums up his essay by saying that the companies should be sued for not having these warning labels the same way tobacco companies are. Overall it is their fault and not as ridiculous as it seems. Summary: What You Eat Is Your Business â€Å"What You Eat Is Your Business,† is an Op-Ed piece on the same subject but from a different, and in my opinion more agreeable, perspective. His claim is almost opposite from Zinczenko’s in that he believes that it is our responsibility to take care of our own bodies rather than the food industries. He phrases it nicely when he mentions â€Å"bringing government between you and your waistline,† which is essentially what Zinczenko argued for. He says how this is the wrong way to fight obesity, that instead of manipulating what is available to us and how it is available to us, we should instead foster a sense of responsibility in our own health and well being. I think what he is basically saying is that we are just pointing fingers at what is our own faults, and that when the government acts for â€Å"us,† they are only acting for the public numbers rather than for the people themselves. Balko also mentions that by doing this, and having the government intervene, we have less incentive to actually put down what is causing our heart attacks. He employs ethos when he mentions names in New York Times magazines and specials on TV’s that plead for government intervention. What I liked about this Op-Ed piece is that it makes sense and obesity should not even be in the public health concern. After all it is only there because we have to pay for the consequences of it. He provides his own stand and sticks firmly to it providing us with what he thinks would be best. The insurance companies should reward healthy lifestyles and penalize poor ones, not raise all our premiums because the rate of heart attacks are rising because the government is taking the wrong route. It is our responsibility to diet, exercise, and worry about ourselves. Response to Both I think I take a clear favorite out of the two essays. The second one works for me better because I already had a viewpoint on the topic. The first op-ed says that it is the governments fault for providing such cheap, unknown products that seem to be our only option when it comes to eating. I think this is a ridiculous argument. It certainly is not our only choice in eating out that just sounds like an excuse to me. The people like the food, so they keep eating it instead of looking for an alternative, and then point fingers. Sure there is diabetes and a lot of money put into treating it, but in the end the root of the problem is those people eating those foods and then making up excuses for it. This is why I agree with the second essay more. People have the ability to say no, they have the ability to look for healthier food at the same prices. They can pick up the food they are eating, and look at the nutrition facts, and look at the serving sizes. It’s not like you don’t see people living healthy life styles in the same economically classes. You don’t need to drink soda, in fact, water is free. Even if it were true that some things did not have nutritional facts on them, don’t you think you shouldn’t eat it then, or even if that was the case, can’t people use their common sense? Obviously the bucket of fried chicken glistening in trans fat is not going to harm your coronary artery in any way. In fact, a majority of people these days have smart phones, they won’t hesitate to look up the nearest McDonalds, but how about looking up some nutritional facts on it, or reading about how to live a healthy lifestyle. Balko is right, what you eat is your business, stop turning to the government and telling them its their fault they need to make you skinny. No they don’t, you need to stop fueling McDonalds, stop letting them think its okay to serve fries that never spoil because you claim they are the best fries you’ve ever had. It is your responsibility to diet, and exercise, and eat right, finding healthy food is not impossible, stop kidding yourselves. How to cite Op-Ed Summary, Essay examples

Areas of Knowledge-Free-Samples for Students-Myassignmenthelp.com

Quesition: "Whithout the assumption of the existence of uniformities there can be no knowledge". Discuss this claim with reference to two areas of knowledge. Answer: Knowledge refers to the things which are authentic and genuine in contrast to opinion. Information is considered as appropriate to knowledge which can be always backed up by evidence. A statement cannot be considered as knowledge if it is not supported by evidence. Simply, knowledge can be regarded as the facts, information and skills which are acquired either through prior experience or education and the theoretical or practical accepting of the subject. In this assignment, the two areas of knowledge will be analyzed to throw light on the statement, without the assumption of the existence of uniformities there can be no knowledge. Theory of knowledge plays a major role by providing an opportunity to reflect on the nature of knowledge and how the knowledge is gathered based on information. By delving deep into the purposeful enquiry into the different areas of knowledge, TOK or theory of knowledge consists of questions only. The primary question will be how do we know? and others inc lude what counts as evidence? How do we judge? What does the theory mean? Theory of knowledge or TOK helps in thinking to a real- life situation, while the essay takes the shape of a more conceptual beginning. It can be taken for instance that the essay can ask for claims that the methodologies were used for reproducing knowledge and dependent on the use of knowledge. The theory of knowledge intends to make us aware of the interpretation underlying in knowledge which includes personal ideological biases and those can be retained, revised or rejected. The theory of knowledge The areas of knowledge put stress on the division and categorization of knowledge that is possessed. There are eight areas of knowledge but for the sake of the given claim, religious knowledge and indigenous knowledge are the two significant points of discussion. Ferguson had written in his article that the line connecting religious freedom and discrimination is vague and often debatable. As per the common saying, religious knowledge is the belief and faith in God or an extreme power. R eligion is an integral part of many humans lives as it provides with the opportunity to learn about various thinking processes and the reason behind the global diversity in the society. With respect to religion, the knowledge question might be the arguments between the inseparability of ethics and religion and the extent to which knowledge about religion can be gained apart from faith. It has been mentioned in "WHAT IS RELIGIOUS KNOWLEDGE ? 22 Aug 1941 The Spectator Archive" that there are various expressions of religious ideas with regard to music, architecture, painting, literature and sculpture. In terms of scope, religious knowledge has a number of common features such as holy books, places of worship, followers, sacred sense and so on. While applying the religious ideas, it can affect the behavior for further scrutinizing the role of religion and ethics. In terms of concept, language can be considered for depicting the elements and theories which are common to all religions s uch as prayer and worship. Again in terms of historical development, focus can be given on the origin and development of the religious knowledge system to consider the timely development of religious ideas. It can be contradicted that the religious knowledge system can pose an important effect on the personal knowledge of individuals (Wiebe). The other area of knowledge, i.e. indigenous knowledge refers to the knowledge system that is developed by the community in contradiction to the scientific knowledge. The indigenous knowledge forms the base for local level decision making within many communities. The knowledge that is inherent of the region or tradition is also termed as modern knowledge. The knowledge is applied in the form of indigenous methods such as weather forecasting by the farmers planning activities. This knowledge is passed on from one generation to the other generally by word of mouth or cultural rituals which form the basis for agriculture, health, education and many more. The people who use indigenous knowledge have an idea on sustainable living. The main objective behind using this knowledge is to appreciate the indigenous perspectives on the methods of combined living and using sustainable resources. This particular knowledge is embedded within the local communities which are crucial for subsistence an d survival (Kovach). The statement that is made by Mulkay in his book that knowledge bears a long history. It can be considered appropriate in relation with the given claim. There is no knowledge without the assumption of existence of uniformities and it is also a very important part of cognition. Moreover, existence of language is also impossible without the existence of uniformities. Language which is composed of words picks out classes instead of any particular entity. For instance, with the mention of a specific term such as dog, a variety of the same species is referred who share the same common features. Therefore, all the items in the specific category are uniform in some way or the other. The characteristics can be specified with the addition of qualifiers or adjectives but these specific words are counted as categories. Therefore the common characteristic such as color is only used in language as it is perceivable in various situations and circumstances. In the science of knowledge, such charact eristics are known as concepts, universals or invariant representations. The last term out of the three is preferable as it forms a bridge between idea and knowledge. Such simple idea can be one of the strong ideas in science as it leads the society to seek for invariants in the universe. The human brains also let the individuals find and make invariants in the n the world as well as within them. It was argued by Ostrom that similar situations occur on diverse scales and the issues in commonness are no more settled by many individuals. There are certain types of knowledge that the brain tackles which do not involve language and sometimes not even uniformities. Another point that can be taken into consideration is that the cognitive processes of young people might involve such kinds of knowledge which will not be understood by the others. In the brain of the human beings, the process of viewing and remembering is compared to the system of anything stored beforehand in the memory. The content of the memories can be either true or false and are used as a substitute for the new memories. But it can be mentioned that there are few memories which are basic in form and that is the place where the memories of childhood is present. Fowler mentioned that in the human brain there is no empty space to include new ideas but that is not the same in case of children. Children have empty neurons and circuits where the memory can be stored. The individuals are born with plenty of neurons and most of those are used in the childhood for storing the incidents of lives. It can be mentioned that when the individual reaches in his teens the unused part of his neurons gradually wearies off. In the early life of an individual he is able to learn from knowledge that is not associated to the existing knowledge as there are spare neurons for doing the task of depiction. He individuals do not realize the formation of his childhood memories but it can be assured that the childhood knowledge does not involve words. However, the non- verbal memories or knowledge might have little contribution in the adults life and these same memories are the one that can be verbalized or easily thought about (Greco). There is a possibility that very early memories are not dependent on the existence of uniformities. Moreover, the individuals should not be assumptive with the insistence that the uniformities do not exist as there is not much knowledge about the operation of childhood or adult memories. When the adult moves way from the phase of childhood, the hypothetical memories can be a substitute for the future memories so that the experience of knowledge without uniformities can exist. Neither there is any argumentative statement about the non- existence of the memories nor there is any proof of authentication. It can only be mentioned that wherever knowledge is lacking there is no scope of finding amazement (Palacios and Castorina). The statement on the existence of knowledge without the assumption of uniformities is interesting. It can also be argued that the experiential knowledge does not need assumption. For instance, if an individual puts his hand on a burner, he learns that a disastrous burn will be the expected outcome. In such a case no knowledge of uniformity is required. This can be considered as indigenous knowledge too. But there is no scope of the individual to gain knowledge about the fact that the same incident might not happen again or it might happen with another burner. A minimum knowledge is required if the individual wishes to make an upcoming application of the painful experience that he had. To gain knowledge about the uniform behavior of the universe, experiential knowledge can be gained by the individual or from a trustworthy and acceptable source. Thus, uniformity can be regarded as reality and knowledge is holding reality into useable forms for attaining goals at a higher level. The uni formity in behavior leads to production of knowledge. In support and contradiction to the given claim, a lot of assumptions have taken place along with the belief that uniformity exists as similar to the religious belief of the individuals. Bibliography Ferguson, Taylor. "A Correlational Analysis On The Religious Knowledge And Religion Based Discriminatory Tendencies Of Adults Affiliated With Various Faiths." (2016). "WHAT IS RELIGIOUS KNOWLEDGE ? 22 Aug 1941 The Spectator Archive."The Spectator Archive, 2017, https://archive.spectator.co.uk/article/22nd-august-1941/8/what-is-religious-knowledge-. Wiebe, Donald.Beyond legitimation: essays on the problem of religious knowledge. Springer, 2016. Agrawal, Arun. "Indigenous and scientific knowledge: some critical comments."Antropologi Indonesia(2014). Mulkay, Michael.Science and the Sociology of Knowledge (RLE Social Theory). Routledge, 2014. Ostrom, Elinor.Governing the commons. Cambridge university press, 2015. Fowler, Thomas B. "On the Evolution Controversy."Intelligible Design: A Realistic Approach to the Philosophy and History of Science. 2014. 230-257. Greco, John. "Testimony and the transmission of religious knowledge."Epistemology Philosophy of Science53.3 (2017): 19-47. Palacios, Mariana Garca, and Jos Antonio Castorina. "Studying childrens religious knowledge: Contributions of ethnography and the clinical-critical method."Integrative Psychological and Behavioral Science48.4 (2014): 462-478. Woodward, Andrew Ralls.Scientific Models for Religious Knowledge: Is the Scientific Study of Religious Activity Compatible With a" Religious Epistemology"?. Diss. 2016. Kovach, Margaret. "Emerging from the margins: Indigenous methodologies."Research as resistance: revisiting critical, Indigenous, and anti-oppressive approaches(2015): 43. Christen, Kimberly. "Does information really want to be free? Indigenous knowledge systems and the question of openness." (2015).