Saturday, February 29, 2020
Business of Petroleum Companies for Woodside help
The following study analyzes three different global petroleum companies namely Woodside, Chevron and Petro China. The analysis has been done on the basis of the business operations of these companies. The following companies have been strategically selected to make sure that they come from different regions of the world. The selected companies are there from different parts of the world namely USA, China and Australia. The selection of the companies from the different regions of the world has been done to identify the different strategies of the organizations in different areas. The following study will clearly sort out the different ideas regarding the business operations, strategies and the financial considerations of these corporations. Chevron Corporation is an American multinational energy corporation that has its headquarters in California and has its operations spread in 180 different countries in the world. The company has annual revenue of around $140 billion (chevron.com 2018). Apart from producing and exporting petroleum the company has also alternative energy manufacturing facilities where they produce solar power, wind power, geothermal energy, bio-fuel and many other such similar products. The company owns a number of different assets that makes them one of the topmost companies in the oil sector. The company owns a number of subsidiaries and has also stakes and shares in many of the different oil companies of the world. Apart from this it owns a large number of oil fields and has a number of strategic oil reserves. Chevron’s operations is spread over 180 different countries in the world and thus it can be truly said to be a global company. The annual revenue of the company is slated to around $141.722 billion. The company has a net oil production of 2.6 million barrels per day and a reserve capacity of around 11.1 million barrels of proven reserves. The total sales revenue of the company stands at a huge amount of $110.2 billion with its assets amounting to $260.1 billion. A table showing the financial summary of the company is provided below;                                    2017                           US$ 141.722 billion                           US$ 2.480 billion                           US$ 9.195 billion                           US$ 265 billion                           US$ 148.124 billion The management of Chevron Corporation has been dedicated to continue generate different industry leading operational and financial results and advancement of important projects to drive the future growth of the organization as well as the countries where it operates. The rise in the energy demands of the world has driven the strategies of the mentioned oil company of America. The compelling growth profile of the organization, combined with the fall in the spending levels of the capital is believed to be the extreme catalyst for the creation of strong and compact strategic values for the companies ahead (Forsgren 2017). The upstream portfolio of the mentioned organization leads the following industry in quality and breadth. The management of the company has formulated the particular strategy to plan a disciplined investment approach and have been constantly involved in management of the portfolio to increase the value of the shareholders of the company. Thus the company strategies hav e been formulated in the perfect way to achieve the best results in the industry. The mentioned company has also formulated a downstream policy where the production is dedicated for residential purpose, supplying to the companies, petrochemicals supply and also supply to small or large business concerns. Both the upstream as well as downstream policy are important for the effective strategy of the business.  ·Ã‚        The company ranks 63 rd in annual brand finance report and is the 5 th largest oil company of the world  ·Ã‚        A number of legal issues are being faced by the company in different countries  ·Ã‚        Integration of producing, refining and then selling products  ·Ã‚        Poor financial projections for the coming years.  ·Ã‚        Massive geographic presence across 180 countries of the world  ·Ã‚        The rise in debts has been another major disadvantage for the company. The debt of the company has reached around $ 40 billion from $ 28 billion in a span of just one year.  ·Ã‚        11.2 million barrels of oil reserves which is one of the largest. It has 48485 productive wells  ·Ã‚        The implementation of new technologies by other companies have been a disadvantage for Chevron The management of Chevron Corporation has been a driving force for the oil economy of USA. The presence of the company in almost every part of the world is an added advantage for them as they export their products in these countries and earn a huge amount of revenue which in turn is utilized for their productive growth. The management however needs to overcome some of the main disadvantages to attain the topmost position in the oil sector. The mentioned company is Australia’s largest oil and gas company. It is not only the only dedicated oil and gas producing company in the island continent but also its largest operator. The company is listed in the Australian Securities Exchange and has its headquarters in Perth, Western Australia (woodside.com 2018). The main assets of the company include the number of facilities in Australia as well as in other parts of the world. This includes Development projects in USA, Canada, Myanmar and many more such areas. Other assets include exploration facilities in Peru, Morocco, Senegal, Canada and many more as such. The Australian oil company produced huge amount of oil in the year 2016 and created a new record surpassing the earlier one by producing a huge amount of LNG and also by achieving healthy amount of sales of the following product. According to the financial reports of the company the annual revenue of the company in the year 2017 stood at $4075 million and net income figured out at more than $850 million (Dissanayake, Nayana, Bo and Peng 2015). The shareholders of the organization earned an amount of more than 100 cents from each of the share of the company. The main strategies of the company include the increase in the production level and also to speed up the different developmental projects of the world. Among the most important strategy which is believed to be the topmost priority of the organization is the operational clearance for the Wheatstone LNG facility and also to concentrate on the key focus areas to be the best company of the world (Jin et al. 2016). Its exports or the upstream strategy is mainly to a number of Asian and African countries along with supplies to New Zealand. The company is the largest supplier of domestic fuel in the island continent and has largescale operations that have its wings spread across the length and breadth of the mentioned country.   ·Ã‚        Leading market position in Australia helps to secure a sustainable and competitive position  ·Ã‚        Legal problem regarding land acquisition  ·Ã‚        Largest producer of LNG in Australia  ·Ã‚        Increase in the production from shale plays is a disadvantage for the organization  ·Ã‚        High quality strategic assets in different areas of the world  ·Ã‚        Huge operating risks associated with exploration and production of oil and gas in Australia The management of Woodside Corporation has plans to implement the best strategies to keep up with the upward growth and demand of oil and other petroleum products like Shale and Natural Gas. The optimization of the existing assets of the company along with the proper commercialization of the products is important for the growth of the business. Petro China Limited is one of the largest oil companies of the world and the largest among the various oil producing companies in China (petrochina.com 2018). The company is listed in Hong Kong stock exchange, Shanghai stock Exchange as well as New York stock exchange. The company has its headquarters in Beijing China and produces a number of different oil and petroleum products apart from producing oil. The other products include Lubricants, Natural Gas, Shale, LNG and many other such different items (Caineng et al. 2016). The assets of the company include the large number of oil mines and factories another development centers in China and Asia as well as in different areas of the world (petrochina.com 2018).  The financial summary of the mentioned company is quite impressive in nature which can be seen in the table below;  ·Ã‚        1.616 trillion Chinese Yuan  ·Ã‚        60.6 billion Chinese Yuan  ·Ã‚        2.396 trillion Chinese Yuan  ·Ã‚        1.372 trillion Chinese Yuan The mentioned Chinese company has based its strategy on the maximization, diversification and proper replacement of different hydrocarbon resources that adheres to the principles of attachment of equal importance to oil and gas that helps to increase the exploration of the domestic resources as well as the increase in the investment to acquire facilities outside China (Subhankulova et al. 2015). The management of the company also has a proper internationalization plan in the offing which will surely make them one of the best in the business (Jin et al. 2016). The company supplies refined oil and fuels to facilitate transportation in China. It is believed to be the driving force of the nation. The company has extensive operations involving exploration, mining, digging for oil in various countries of the world.  The company exports oil as well as is the largest supplier of different kinds of fuels for use in the households as well as for commercial purpose. The aim of the company is to manufacture the secondary fuels from oil and then market it for use in the future (Forsgren 2017).  ·Ã‚        Controlled by the China National Petroleum Company  ·Ã‚        Cost of different hazards to the environment and cost of taking precautionary risk is a huge challenge for the Management of the organization  ·Ã‚        Huge scope of Operations as it is the biggest producer in China  ·Ã‚        Decline in the operations of China  ·Ã‚        Presence of Huge number of employees which is over 500,000 is a big form of advantage for the organization  ·Ã‚        The biggest disadvantage lies in the controversy surrounding the Western gas to East Pipeline project controversy The following report has clearly highlighted the stature of Petro China in Asia as well as the world. It has aims to increase its production and act as a driving force to the economy of China. However the recent incidents related to oil spill and other major accidents has led the company to huge losses. The management must take the appropriate actions to take care of the following and lead towards prosperity. The three companies as mentioned in this report have their own base of operations and a different form of project execution. Among the mentioned three Chevron Corporation and Petro China are the largest in stature and they have the resources to be the world’s best in terms of global oil production. However it can be seen some common problems involving scandals, accidents and debts has crippled the management of the industries and have acted as a barrier to their smooth growth. However the exploration, extraction and production of substitute oil products like shale gas, LN G have paved the way for the changing paradigm of the companies towards a more bright and innovative future "Woodside Energy | Home." Woodside.com.au. N.p., 2018. Web. 10 Apr. 2018. Caineng, Zou, Yang Zhi, Pan Songqi, Chen Yanyan, Lin Senhu, Huang Jinliang, Wu Songtao et al. "Shale gas formation and occurrence in China: an overview of the current status and future potential." Acta Geologica Sinica (English Edition) 90, no. 4 (2016): 1249-1283. Chevron Policy, Government and Public Affairs. "Chevron Corporation - Human Energy." chevron.com. N.p., 2018. Web. 10 Apr. 2018. Dissanayake, Nayana, Bo Xia, and Peng Wu. "Measuring sustainability performance within the Australian energy industry." In Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, pp. 135-143. Springer, Berlin, Heidelberg, 2015. Forsgren, Mats. Theories of the multinational firm: A multidimensional creature in the global economy. Edward Elgar Publishing, 2017. Jin, Liu, Du Jianping, Peng Yunhui, Zhou Zhi, and Petrochina Zhejiang Oilfield. "Shale Gas Drilling and Completion Technologies in Jingmen Area of Dangyang Synclinorium." Unconventional Oil & Gas 2 (2016): 013. Lima-de-Oliveira, Renato, and Timothy Sturgeon. "From Resource Extraction to Knowledge Creation: Oil-Rich States, Oil Companies and the Promotion of Local R&D." Petrochina" Petrochina.com.cn. N.p., 2018. Web. 10 Apr. 2018. Rincà ³n, Luis E., Monica J. Valencia, Valentina Hernà ¡ndez, Luis G. Matallana, and Carlos A. Cardona. "Optimization of the Colombian biodiesel supply chain from oil palm crop based on techno-economical and environmental criteria." Energy Economics 47 (2015): 154-167. Subhankulova, Rimma, Kirill Furmanov, and Natal'ya Ivanova. "Assessing Comparative Advantages in Operating and Capital Expenditures of Oil Producing Companies." (2015): 271-289.
Thursday, February 13, 2020
Characters analysis Essay Example | Topics and Well Written Essays - 750 words
Characters analysis - Essay Example r to each individual character: Antigone is clearly an agent of the gods and aligned with them for following their portents, while Creon is a person who wantonly rejects both of these important principles. The truth of the matter, is, however, a bit more subtle. A careful examination of the Thebian plays shows that Antigone and Creon are in fact equally concerned with the will of the gods on a theoretical front; Antigone, however, has no more concerns than this theory, while Creon must manage pragmatic issues with running a city. The first-glance analysis of these two characters and their priorities seems to indicate that Antigone and Creon are the antithesis of each other in the realm of honor and duty. Despite the fact that god’s will certainly seems to be that Eteocles should be buried despite his role on the losing side of the Theban civil war (Sophocles 34), Creon stays adamant in his displeasure with the dead man, and insists that he not be buried with any rights. Antigone bravely goes ahead with attempts at burial, showing that she respects the honor of the dead more than Creon does. Antigone is good – Creon is not. This, however, represents a somewhat simplistic analysis of the text. Antigone certainly is willing to do the ‘right thing’ her interests align with those of the gods, and she is willing to follow them through. She also uses the word â€Å"honor†frequently, along with many calls to the importance of family, all things that Creon should value (Sophocles 23). Antigone is clearly in the right in many ways, and is a brave woman for being able to stand up for what is right. Creon, however, does not disagree with Antigone on the theoretical principles, such as respecting family and honoring the gods. He clearly puts a great deal of effort into educating his son, and cares deeply for his son’s wellbeing. He even spends a great deal of time exhorting his son to behave as the gods would have him, and to generally be a godly
Saturday, February 1, 2020
Afirmative Action and Black America Essay Example | Topics and Well Written Essays - 3750 words
Afirmative Action and Black America - Essay Example Abolition of slavery became the bone of contention between the North and South. This resulted in the Civil War between the northern states termed the 'Union' and the seceded southern states forming the 'Confederacy'. Ultimately the resistance was overcome by the Union and the era of Reconstruction started to put back the ravaged economy of the southern states. The rebelled 11 Confederate states had to be restored to their positions in the Union and provided with loyal governments. The role of the emancipated slaves in southern society had to be defined and settled. With the end of Civil War slavery assumed a new form, viz segregation 1. New Black Codes that restricted the rights of the newly freed slaves were enacted in the South. White dominance was methodically resurrected through secret terror organizations like "Ku Klux Klan". The southern whites found it very difficult to adopt a social order devoid of slavery. This led to what is popularly known as "Jim Crow Laws" in the U.S. history. Enacted in the beginning of 1880s these statutes legalized segregation of blacks. The name of the enactments leads one to assume that a person named 'Jim Crow' was the architect of these laws where as it stems from a popular minstrel song 'Jump Jim Crow', a dance performed with blackface by the white comedian Thomas Dartmouth. Black codes enacted during 1865-66 restricted the fundamental rights of African Americans. They were prevented from voting by ridiculous 'poll tax' and unfair 'literacy tests' and intimidation. Blacks were required to attend separate s chools and colleges, railway cars and buses had separate sections earmarked for them. They were not even allowed to sit with the whites for public amusements and entertainments thus denied participation in mainstream community life. Even places of employment were segregated. Protagonists of these savage laws got a shot in the arm when the U S Supreme Court upheld the constitutionality of the so-called separate but equal accommodation in the case of Plessy v. Ferguson (1896). During 1900 to 1920 segregation extended to hospitals, jails and even churches entrenching a full-fledged apartheid regime. The Civil Rights Act 1964 The crusader of civil rights movement in the U S Dr. Martin Luther King said "I have a dream that my four children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character". Before we delve into 1964 Civil Rights Act we must remember that it had a predecessor in "The Civil Rights Act of 1957", which was introduced during Eisenhower's presidency but never saw the light of the day. Eisenhower was not known for his support of the civil rights. He believed that one could not force people to change their beliefs; such changes had to come from the heart of the people involved and not as the result of legislation from Washington. The Civil Rights Act of 1964 was the brainchild of John F Kennedy who became President in 1960 (National, 1964) 2. He wanted to redress the discrimination that had persisted in spite of civil rights laws and constitutional guarantees. The new president was faced with some indisputable facts about the African Americans such as: 57 percent of African American housing settlements was categorized to be of unacceptable standard. Life expectancy of African American was 7 years less than that of whites. Their infant mortality was twice compared to that of whites. Blacks found it very difficult to get mortgages from mortgage lenders. Property values dropped
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