Atayat Adedamola Pascal David

Overview What is chevron History About chevron Risks faced by chevron The management Conclusion Questions

What Is CHEVRON? Chevron businesses work in concert to provide the energy that drives human progress Upstream business:  Oil  Natural gas

What Is CHEVRON? Down stream business:  Manufacturing  Lubricants  Oronite  Supply and trading  Pipelines  Shipping  Chemicals  Power  technology

History Group of explorers and merchants established the Pacific Coast Oil co. on 10 th September 1879 in Californian united states. The company’s name have changed over time before it was finally named chevron.

About chevron  Its headquarters is located in San Ramon, Californian United States  Highly skilled global workforce consists of approximately 64,700 employees, including more than 3,200 service station employees, and 200,000 contractors  They partner with texaco and coaltex

Risks faced by chevron  Financial & market  Operational  Political & legal  Environment & health

Financial & market risk  Fluctuation in price  Supply and demand risk  Chevron faces competition from other oil and energy producing companies

Management of financial & market risks  Investment in alternative business  Reaction to other firms action

Operational risk  Manufacturing risk  Development of natural gas from shale  Drilling operations

Management of operational risk Managing risk in manufacturing: They have rigorous programs in place t identify, manage and reduce risk which includes: Frequent routine equipment inspections System and process hazard identification evaluations Extensive personnel training

Managing Risk in Development of Natural Gas from shale Development requires hydraulic fracturing Fracturing is done thousands of feet beneath groundwater aquifers Designing proper wells and control system is a form of risk prevention

Drilling operations Risk Chevron has extensive processes and procedures in place to manage and evaluate the risks of oil and gas production Rigorous in-house training for our drilling personnel Fully compliant and dependable systems to reduce drilling operations risk

Political & legal risk Multinational companies are more prone to political risk One way politics affect oil companies (chevron) is in the regulatory sense Political instability

Political & legal risk legal risk arises from the probability of the company changing contract clause, agreement and guideline Also, court charges faced by chevron for breach of contracts

Management of political & legal risk Careful analysis Building sustainable relationship with its international oil and gas partners

Environment & health risk Oil spillage Climate change Health Storm severity Fire outbreak

Management of environment & health risk Personal safety Identifying hazards and taking actions to reduce them Personal safety performance Provides support program & services to help employees have a better life Combination of processes policies, benefits and environmental support Self insurance

Conclusion Chevron engaged in an independent organization, Lloyd's Register Quality Assurance (LRQA), to verify that their Operational Excellence Management System meets international environmental and safety management system standards and specifications in order to reduce risks.