This can only be achieved through a firm with extensive knowledge, experience, and innovative strategies. To determine the strengths of the company potential, weaknesses, opportunities, and threats, it is necessary to conduct a SWOT analysis by Chevron.
Chevron At A Glance – Chevron SWOT Analysis
Company: Chevron Corporation
Founders: Charles N. Felton | Lloyd Tevis | George Loomis
Year of establishment: 10 September 1879, California, United States
CEO: Michael Wirth
Headquarters: San Ramon, California, United States
Employees (Dec 2020): 42,628
Ticker Symbol: CVX
Annual Revenue (Dec 2020): US$146.5 Billion
Profit net income (Dec 2020): US$5.54 Billion
Products & Services: Gift & Credit Cards | Lubricants & Fuel Additives | Chevron Auto Club | Chemicals | Fuels | Caltex fuels & lubricants | Chevron fuels | Chevron Auto Club | Gasoline | Diesel | Marine and aviation fuels | Premium base oil | Finished lubricants
Company Website: Chevron Corporation – Human Energy — Chevron.com
Top Chevron Competitors
Competitors: Exxon Mobil | Shell | BP | Koch Industries | Phillips66 | ConocoPhillips | Schlumberger | TotalEnergies | Eni | RWE
Chevron SWOT Analysis – SWOT Analysis Of Chevron
SWOT Analysis Of Chevron analyzes the brand based on its strengths weak points, weaknesses, opportunities, and threats. With Chevron SWOT Analysis it is clear that the advantages and disadvantages are internal factors, while threats and opportunities are external elements. Here we are going to talk about Chevron SWOT Analysis. Below Is The Detailed SWOT Analysis Of Chevron.
Chevron Strengths – Chevron SWOT Analysis
1. Brand Valuation: Chevron ranks at the 3rd position, according to in the Brand Finance report. The value of its brand stands at $17.822 billion. It ranks as the 5 largest corporations in the oil and industry around the globe.
2. Integrity complete: Chevron is the only company to have complete integration from manufacturing refineries, selling and distributing items. This guarantees the completeness of all aspects of the process of the value chain process. It is used at every step of the process beginning with the acquisition of raw materials to selling the final products.
3. Products Portfolio: It has an extensive product portfolio that ranges from additives, aviation Fuel Chemicals, Fuels, Chemicals as well as Lubricants, Marine, and Base oils, and Process oils.
4. Huge geographic Presence: Chevron is a company with a large geographic presence around the world. It operates across over 180 nations. Its main business is focused in countries such as the US, Nigeria, Congo, Angola, Sierra Leone, South Africa, China, Cambodia, Myanmar, Sudi Arabia, Russia, Denmark, Norway, Canada, Brazil, etc.
5. Oil and Gas Stockpile: As of FY 2015, Chevron has 11.2 billion barrels in oil reserves as well as 29437 BCF of natural gas reserves. In the year ending in 2015. Chevron is home to 48485 of the most productive wells.
Chevron Weaknesses – Chevron SWOT Analysis
1. Legal Problems: Chevron has been involved in numerous legal proceedings and illegal actions. Chevron was fined by US Environmental Protection Agency (EPA) as well as a civil investigation conducted by Pennsylvania Department of Environmental Protection and the Occupational Safety & Health Administration of the US. The company is also suspended for breaking law since they hadn’t disclosed excessive emissions to New Mexico. State of New Mexico. Legal issues like this can harm and damage the reputation of the company.
2. An increase in debt The total capital lease and debt obligations totaled $38.6 billion at the end of December 15, 2015, up from $27.8 billion in FY 2014.
Chevron Opportunities – Chevron SWOT Analysis
1. Rising demand: The demand for natural gas is predicted to grow. This could be an enormous chance for Chevron to capitalize on this. The demand currently for oil in the US is 76.5 billion cubic feet per day . This is predicted to grow up to 77.4 billion cubic feet per day by the year 2017.
2. Renewable Energy Market: The renewable energy industry is the new trend. Many businesses are exploring this lucrative opportunity. Chevron already has a head start since it has a renewable energy facility located in California, New Mexico and Wyoming. Chevron is currently among the top generators of energy from geothermal sources.
3. Long-term contracts: Chevron has made certain long-term agreements in the past with China Huadian Green Energy Company as well as deals with Chevron Oronite, and a few exploration agreements. This will give the foundation for Chevron in the future.
Chevron Threats – Chevron SWOT Analysis
1. Regulations: Government and environmental laws are getting more strict. The problems related to environmental pollution, global warming, and pollution can create a major problem for the business’s operations.
2. Economics Crises: The falling oil prices on the global market caused many countries to reduce imports of oil. This has resulted in Chevron suffering a massive loss. If the volatility continues in the market, it could affect the financials of the company.
3. Nature-related Causes: Every natural catastrophe can cause damage to pipelines or oil rig, for example. This is a major concern aspect for companies.
Chevron SWOT Analysis Overview Template
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