Called the grand strategy, this statement of means indicates how the objectives are to be achieved… (Pearce and Robinson, 2004, p. 14). Home Depot is a successful company. In a short time, they have amassed sheer size and scale over the market growing to over 80 billion dollars in sales in less than 30 years. The purpose of this paper is to discuss the company’s history, values, and culture analyzing the current and future market needs developing a strategic plan focused on the company’s long-term objectives to realize opportunities for continued growth, expansion, and profitability. Company’s History From the very beginning, The Home Depot was something special; a large-scale hardware store with a family approach and interesting marketing concepts.
The Engineering & Construction unit accounts for over 70% of the company’s total revenues and is the industry that the company is most well known for. Within this industry, 44% of SNC-Lavalin’s 2013 revenues were generated from Infrastructure & Environment (24%) and Power (20%). The company has incentive to expand its footprint in these particular market segments since other markets such as Oil & Gas and Mining & Metallurgy are highly saturated and mature (REF). Furthermore, governments are focusing their efforts on environmental initiatives (Huffington Post, 2012); SNC-Lavalin can therefore take a first mover advantage in this area. By focusing on projects that cater to the Environment and Clean Power markets, SNC-Lavalin can not only attain large-scale growth and attract government support, but it can also strengthen its new image as an ethically compliant and socially responsible firm.
Apache’s existing strategy was to max production and min cost; operates >80% of its production. Factors affecting speed of producing oil includes reserve type & technology, competitive concerns, high fixed cost, regulations and contractual issues. Relative to many other independent oil companies, Apache is larger and has a reputation of technical advancement. Apache’s general approach was to pump as quickly as possible, focused development of more mature properties with 80% of Apache’s proved reserve located in North America and International operations are typically exploration oriented. Over the last 2 years, Apache had made unusual number of acquisition in 2000 and financed $3.7B worth of acquisitions.
(n.d.). Retrieved from http://keystone-xl.com/about/jobs-and-economic-benefits/ The Keystone Pipeline Would Create Thousands Of Jobs - Forbes. (n.d.). Retrieved from http://www.forbes.com/sites/realspin/2014/02/07/the-keystone-pipeline-would-create-thousands-of-jobs/ Triplett, T. (2014). Keystone XL Clears Final Hurdle?.
Many of the major oil companies were born at Spindletop or grew to major corporate size as a result of their involvement at Spindletop. The Texas Company (later Texaco), Gulf Oil Corporation, Sun Oil Company, Magnolia Petroleum Company, and Humble (later Exxon Company, U.S.A.) were a few of the major corporations. The Spindletop oilfield again boomed in the 1950s, with the production of sulphur by Texas Gulf Sulphur Company (later Texasgulf ), until about 1975. Salt-brine extraction became a lucrative operation in the 1950s. In 1963–66 even deeper oil production was achieved with an average depth of 9,000 feet.
Bobby Carl Neal Peters English 102 26 April 2012 What a Fracking Opportunity The United States has an energy problem. We are dependent on Petro-dictators for the energy needed to fuel our economy. But recently, due to a new technology called hydraulic fracturing, or “fracking”, new estimates of accessible natural gas reserves have increased dramatically. Used throughout the United States and worldwide, this process has profitably unlocked Trillions (emphasis added) of cubic feet of natural gas here at home in just the past few years. Concern about this new technology spans the political divide.
| Patterson-uti energy(Nasdaq: pten) | BUY | EPS (2012) = $2.50 | Target Price (2012): $28.00 | P/E (ttm) = 8.53 | Qualitative Risk Assessment:Above Average Risk | | Report Date | March 28, 2012 | | Recent Price | $17.55 | | 52-Week Range | $15.06 – $34.09 | | 52-Week %Δ | -55.82% | | Avg. Vol. (3m) | 4.102,740 | | Shares Out. (mrq) | 183,295,000 | | Sector | Basic Materials | | Industry | Oil & Gas Drilling & Exploration | Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production.
12 Evaluation of Statoil Statoil was founded in 1972 as a 100% Norwegian state-owned company whose business was focused on exploration, production, transportation, refining, and marketing of petroleum and pertroleum-derived products. The 2001 initial public offering of StatOil raised $3 billion while the Norwegian Government still owned 70% of the company’s shares. StatOil (STO) is the leading producer of crude oil and gas on the Norwegian Continental Shelf (NCS) and the leading global oil and gas producer in the Norwegian Continental Shelf. In 2004, the company established the Technology and Projects (T&P) business service unit to effectively develop execute and manage its strategic plan. StatOil focused on five key initiatives.
Worth approximately $10 billion, the second phase of Sakhalin II would be the single largest investment decision in the company’s history and the single largest foreign direct investment in Russia’s history. Sakhalin II was the very reason for the existence of the Sakhalin Energy Investment Company (SEIC), owned by Shell (55%) and its Japanese partners Mitsui (25%) and Mitsubishi (20%). Sakhalin II would be the largest single integrated oil and gas project in the world. By May 15, 2003, the project had already come a long way since its inception more than a decade earlier. Yet on that day its future hung in the balance.
America’s oil bonanza The shale-gas revolution in America has been as sudden and startling as a supertanker performing a handbrake turn. A country that once fretted about its dependence on Middle Eastern fossil fuels is now on the verge of self-sufficiency in natural gas. And the news keeps getting better. This week the International Energy Agency (IEA) predicted that the United States would become the world’s largest oil producer by 2020, outstripping Saudi Arabia and Russia (see article). Why has this happened?