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Summary BUSI 530 DF1.docx BUSI 530 Discussion Forum 1: Chevron Corporation Liberty University BUSI 530: Managerial Finance Industry Conditions The Chevron Corporation is an oil industry company that was founded in September of 1879. Recently, the industry
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BUSI 530 DF BUSI 530 Discussion Forum 1: Chevron Corporation Liberty University BUSI 530: Managerial Finance Industry Conditions The Chevron Corporation is an oil industry company that was founded in September of 1879. Recently, the industry has faced several challenges including environment...
busi 530 df1docx busi 530 discussion forum 1 chevron corporation liberty university busi 530 managerial finance industry conditions the chevron corporation is an oil industry company that was
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BUSI 530
Discussion Forum 1: Chevron Corporation
Liberty University
BUSI 530: Managerial Finance
Industry Conditions
The Chevron Corporation is an oil industry company that was founded in September of
1879. Recently, the industry has faced several challenges including environmental scrutiny, the
rise of electric vehicles, and of course the coronavirus pandemic. Resulting from the pandemic,
“Global oil demand fell by 25% in April, but it has rebounded sharply since then, cutting its
losses to just 8%” (Dickson, 2021). So even while the industry was able to recover, it was not
able to pull out a positive year.
Financial Position
According to Google Finance, from 2016 to 2018 Chevron saw a steady revenue increase
of around 23 percent and 24 percent respectively; however, From 2018 to 2020 Chevron saw a
revenue decrease of 12 percent and 32 percent respectively (Chevron Corporation (CVX : NYSE)
Stock Price & News, 2021).
Economic Outlook
Again, the oil industry has faced many challenges in its recent operation. Chevron has not
only been impacted by the coronavirus pandemic and the challenge of renewable energy in the
form of electricity but also long-standing litigation in their acquisition of Texaco. “Looking
ahead, 2021 oil demand is expected to recover strongly but remain lower than it was at pre–
COVID-19 levels—about 4% lower in the base case, and about 7% lower in Rystad Energy’s
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