Chevron Corp Energy Monetary Policy: Money, Credit, the Federal Reserve, and Interest Rates
The chevron company is one of the leading energy companies in the world. The sister company of the chevron is known as Texas fuel company that is located at Beauntimont Texas, a company that is right now known as Texaco. The Chevron company and Texaco joined together to form one of the leading companies in the energy production. The typical net production of the company in the year 2012 was about 2.61 million barrels on an average daily production. Where an average of 75% was outside the American regions, the company can average 1.95 million barrels per day globally. The marketing networks outlets for the company is in the six continents, with 11 power stations in the United States and Asia.
Oil and energy production and service companies are never in the limelight for the good reason in terms of employment. This can be witnessed when the BP oil company is still in the lime light for the wrong reason following the 2010 oil spill which saw 11 of its employees dead while millions of barrels of oil were released in the Gulf of Mexico in form of crude oil. So it is worth wondering, what is the position of the Chevron Company in terms of its employments and workers. The multi-nationalchevron company has reinforced on the workers well-being. The company has initiated an on sight health and fitness points in most of its major locations. The company is also known to establish numerous health based centres as well as services in most of its programs. It can be found in websites of the company that even if a centre lacks a health facility, then the employees are granted discounts in the company’s health club.
The company is also reputed for having a good pay package taking for instance a median pay at the after a duration of five years would be $102,000 which is the highest as compared to the other like companies. The company is also known for not hiring and firing of its employees if not for adverse cases.
A successful business can be defined as one that is able to reach its targets and objectives as well as taking into notice the definition of the bottom line success. Where the success can be measured in terms of profit gained in the company (Lussier, 2009). A business without goals can be termed as one without a path. From the latest Chevron company analysis, the company met its global target of a work force that is comprised of approximately 60, 000 employees with more than 3000 employees at the work stations.
Over a period of one year, the Chevron Company has seen very minimal changes in its bottom line. With an initial of $26.9 billion to $26.2 billion, this is values obtained from the period of December 31 2011 to December 31 2012. His was observed regardless of the profits that went down from $236.3 billion to $222.6 billion over the same period of time. It is then worthy to note that the Chevron Company is not struggling to foresee its path of profitability as it can be described as a generator of cash.
The company can also be said to have responded to a tried and tested methodologies while taking into note considerations such as; does the business deserve anti additional determinations as well as costs of learning? Will the business be strong as it is intended to be? If the answers to these considerations are yes then the venture is worth of the pursuit (Scott, 2003). And as such the company has initiated on developing the technologies with an attempt to advance the upcoming issues that relate to energy like coming up with advanced measures of coming up with non-food based biofuels as well as initiating innovative solar technology for the numerous operations while broadening the renewable energy resources.
The chevron company had its effect on the fiscal and monetary policy, which ended on the Friday 26th April 2013, where it was observed as a gainer in the Dow, with a value of 1.3%. In the first quarter of the year, the company noted a decrease to a value of $6.2 billion from $6.5 which translates to a $3.27 in shares which was noted in the same time in the previous year.
Lussier, R. N., & Achua, C. F. (2009). Leadership: Theory, Application, & Skill Development. Mason OH: Cengage Learning.
Scott, W. R., & Gerald, F. D. (2007). Organizations and Organizing: Rational, Natural, and Open Systems Perspectives. Upper Saddle River, NJ: Prentice Hall.