Wednesday, August 14, 2019
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.
Tuesday, August 13, 2019
Final assingment Essay Example | Topics and Well Written Essays - 1500 words
Final assingment - Essay Example i. Disciplinary literacy This subject in the content areas of Math, Science and Social Studies should be a subject area to be taught to students when they are in the middle and secondary school setting and not the level at which they are taught currently. This may be given the approach of making the use of comprehensive strategies and subsequently teaching those strategies to adolescent readers. This aspect has been a challenge since most teachers or tutors have since believed that just the provision of adequate basic skills would suit kids with the adequate knowledge, which will enable them, read and write. This view once seemed feasible because at the time following it would enable schools produce an educated population for the countries needs. This was despite the fact that most of the students did not attain the highest level of education. Identity is an issue when it comes to disciplinary literacy; this is because it has many practical applications in classrooms. This is because it presents a challenge when it comes to a situation when one needs to understand their identity at different levels and how these identities shape what they see, view and understand texts. The identity challenge applies in the area of disciplinary literacy in the most basic sense to be able to deal with a given bunch of texts or academic artifacts; this is because this aspect requires that one is disciplinary literate in the area of study. This means one is proficient with the skills that would enable them pass the next level course by taking the material seriously and making sure that one is abreast with the skills required at every step in the process. Therefore, disciplinary literacy involves hard work with a strong foundation of the skills from the required disciplines which most of the teachers at the foundation level forego posing a challenge to the adolescents in terms of career development. It is considered a challenge in the majority because the few instances when it has been used it has brought in insights to many learners through useful applications hence enabling the setting up of appropriate foundations for students to progress deeper into their chosen disciplines (Brozo). ii. Poverty hence homelessness Poverty is a serious issue most so when it comes to the adolescents, this is even further propagated in situations when the same students both the rich and the poor share the same classroom setting. This is a problem because it would affect the level at which the adolescent poor will be willing to learn as the vice affects their innermost self in terms of how they feel and hence their motivation to learn. It is a worse scenario children being faced by poverty situations like homelessness when they are still in schools, this is despite the fact that the government existence while making expenditures towards unnecessary budgets. In the US, about 13 million children are faced with a homelessness situation due to low income while they can still affor d to stay in the same classrooms with other students (Brozo). Although some children still manage to learn even in the states which they are in most of the adolescent students are poor students due to the lack of early literacy development due to lack of permanent stations. The state is even worsened, as the teachers may not be willing to understand the situation in which the children had
Monday, August 12, 2019
Comparative governance Essay Example | Topics and Well Written Essays - 2500 words
Comparative governance - Essay Example In slide three it has been discussed that the participation in electoral processes is a broader concept and it is not just about voting. There are various roles in political participation such as the ability to speak out freely, assuming an important role in the management of public affairs, opportunity to register as a candidate, conducting campaigns and to get elected and hold office at various departments of government (Andrew and Tremblay, 1998, p. 249). The role that women play in politics is considered to be very crucial. It is also considered as an important factor for women in determining their political empowerment (Tremblay, 2005, pp.50-55). Slide four mainly discusses the legal point of view with respect to female participation in politics. There are no legal hurdles that exist in the system to restrict woman to participate in the political process. In practicality the situation is quite different though. The field of politics has been mainly dominated by men. Under such c ircumstances it is really very difficult for women to get an entry in this field. Unless a woman has a close acquaintance with a male politician, it is really very difficult for her to enter into the field of politics. In countries such as UK, women find it very difficult to get accepted as potential candidates by the political parties. If they also find a seat in this regard, it is considered to be less winnable as compared to those for which men are selected (Childs and Krook, 2010, pp. 215-221). Among the 28 member states of EU, the UK is said to have a proportion of women MPs which is considered fifteenth. The fifth slide discusses the role of governments in this regard. Governments should effectively formulate and administer the affairs of public policy. The government is considered as that agency in society which holds monopoly over the use of legal coercion. It should exercise its
Sunday, August 11, 2019
Alternatives to Globalization Research Paper Example | Topics and Well Written Essays - 500 words
Alternatives to Globalization - Research Paper Example The phenomenon of Globalization is not new and has been around even before the outbreak of the First World War in 1914, however it has been deeply controversial as there have been two schools of thoughts i.e. the advocates of globalization and the opponents; debating over the concept of globalization ever since it has been coined. The advocates of globalization argue that globalization has harnessed various positive initiatives as it allows the developing countries and its citizen to better develop economically and increase their standards of living, as free market allows efficient allocation of resources with which all the countries involved are benefitted. It also perpetuates economic freedom in terms of democracy and capitalism. The integration and interaction that is achieved through globalization, it allows international cooperation in solving major global issues concerning the human rights issues or the environmental issues such as global warming. Globalization also helps in pr omotion of a unified culture and frame of reference thus mitigating the misconceptions harbored and enforcing more understanding of each other.
Saturday, August 10, 2019
Fuel Systems and Alternative Fuels Article Example | Topics and Well Written Essays - 250 words
Fuel Systems and Alternative Fuels - Article Example He does not offer any substantive conclusion at the end of it. He leaves his readers with the task of doing more research to establish a middle path for the proponents and opponents of biofuels. The second article, â€Å"Farmers Growing Green with Energy†, discusses how some farmers have resorted to animal waste for generation of electricity. In as much the article highlights how a few farmers have benefited from the project, there are a number of shortcomings in the entire research. The article failed to inform the public on the minimum size of cattle that a farmer requires for minimum electricity production. It did not also give a list and quotation overview of all the required equipment for the project. Most importantly, this article should have highlighted any ethical issues that may arise in this project. As it stands now, small scale farmers may be under the impression that generating electricity from animal waste is very cheap and
Friday, August 9, 2019
Steps you can take to make online system safe for customers Research Paper
Steps you can take to make online system safe for customers - Research Paper Example The sectors which were highly benefitted with the advancement of technology include healthcare, education, communication and retail business. In spite of having so many positive elements, technology still suffers from certain flaw which involves too much dependency on technology which in turn lessens the value of human labors. However, the biggest disadvantage of technology that has become a topic of discussion these days refers to the security threats faced by the users of the advanced technologies. We shall discuss further how to overcome these threats from the viewpoint of an IT manager of an organization. Steps to ensure secured online transaction for the customers According to the Computer Crime and Security Survey of 2009- 2010, Malware infection was regarded as the most common type of security attack, with almost 67.1% people reporting it. Also around 45.6% of the people reported that they had been the target of at least one security threat. Many had faced financial losses due to poor security system and therefore they didn’t mention the amount of loss they had suffered. These incidents however make the general people aware as well as lose confidence in the benefits of online business opportunities. The various business organizations are continuously making efforts to make the customers feel secured from the potential threats that might arise from cyber crimes. For this purpose, the organizations have taken several steps which are inevitably influenced by the guidelines of Organization for Economic Co-operation and Development (OECD). The steps include- 1. Accountability- The first and foremost step towards a secured technology structure would involve the accountability of the providers, owners and customers towards the security of the system. Anything doubtful should be immediately communicated. 2. Awareness- In order to encourage increased and safe usage of technology, its expected from the owners, customers and service providers that they shoul d be informed and aware about the existence and limit of security measures available in an organization. They should be alert while using their accounts and should not forget to sign out each time after their work is done. 3. Ethics- The owners of the organizations as well as the service providers should follow an ethical code of conduct in which, if a customer is found unaware of the technology threats, they should be taken proper care of by guiding them throughout the entire procedure. 4. Multidisciplinary- The security measures should be formed keeping in consideration the fields of law, society, technology, education, administration and politics, so that the system becomes safe in all terms letting the customers to trust the organization with confidence. (Loader and Thomas, 1) 5. Timeliness- When the customer finds anything suspicious, then, their issues need to be addressed instantly. Delay and negligence might cause the cyber crime to take place and then the customer would nev er trust online transaction any more. 6. Antivirus software- The system of the organization should be secured with the implementation of software that detects potential threats including virus, spam and firewall. 7. Encryption of software- Encryption is the process of specially encoding the data in a system which is impossible to access without the exact key or code. This can be done with the appointment of expert software professionals. An encrypted
Anthroplogy Essay Example | Topics and Well Written Essays - 500 words
Anthroplogy - Essay Example There was occasional flooding occasioned by the melting glaciers. Most of the mountains in Idaho still have evidence of these Pleistocene glaciers (Digital Geology of Idaho 1). During this period, many animals roamed the plains and mountains of Idaho. Animals such as mammoth, giant sloths, and Smilodon amongst others roamed the earth. My favorite animal that roamed the world during this time was the mammoth. From the remains I saw at the Museum, the mammoth seemed such a huge animal. It is its mere sight that fascinates me more than scares me. All of these mammoths lived and died during the ice age (IMNH 1). As far as diet is concerned, the mammoth fed on grass, bushes, and sedges. Other foods that the mammoth ate included blue spruce, cactus and fruits amongst others. This implies that the Pleistocene period in Idaho was marked by rich vegetation since the mammoth also browsed. Another factor that makes me conclude that the Pleistocene period was marked by rich vegetation is the fact that the mammoth was much bigger than the present elephant yet it survived. In terms of physical appearance, the mammoth also had long tusks as the modern elephant. It must h ave been furry to that it adapted to extreme cold temperatures when the cold season and glaciers swept down the lowlands. However, it later became extinct due to reduced food availability and the ice age that greatly reduced its food sources. Human activity during this age was just beginning to take shape. The fact that this period was also marked by warm temperatures during certain seasons explains the origin of the early man. Archeological evidence point to the fact that man lived during this age and later migrated out of Africa. The early man during this period was the Neanderthal man, whom is said to have evolved after the Home erectus man. The early man had attained an upright posture during this time. He hunted wild animals, gathered food and learned how to make fire. Essentially, culture
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