Chevron (Value Chain + Core Competencies)

In: Business and Management

Submitted By tehckno
Words 1409
Pages 6
Table of Contents
Introduction 4
The Value Chain 4
Operations 5
Outbound logistics 5
Technology 6
Core Competencies 6
Conclusion 7
References 9

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 initiative towards being socially responsible as well as their ambition towards exceeding expectations.

Despite growing concerns towards using more renewable forms of energy, Chevron has been able to maintain its competitive position of #3 on the Fortune 500 by establishing new joint ventures internationally and undergoing mass long-term projects to ramp up their production growth.
The Value Chain

One of the key elements to Chevron’s growing success is their planning towards making long-term decisions such as multiple billion-dollar takeovers and projects, as well as Chevron maintaining their core operations around refining crude oil into petroleum products. Doing this helps the company to remain results oriented, rather than confirming to the demands of lobby groups (Corddry, 2015).

Chevron’s long-term exploration and production strategies have allowed it to stay ‘years ahead of its competitors’, focusing primarily on crude oil as a method of driving economic growth and improving living standards over the next 20 years (Watson, 2015).

Outbound logistics

With presence in over 180 countries throughout the world, Chevron can produce and sell over 2 million barrels of crude oil every day (Sander & Bobo, 2011). Having such a…...

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