In 1984, Gulf Oil and Socal merged and because of the antitrust regulation, Socal divested many of Gulf’s operating subsidiaries, and some Gulf refinery and stations in the eastern U.S. Socal know was named as Chevron Corporation. After 2000, Chevron has acquired many companies such as Texaco, Unocol Corporation and Atlas Energy expanding its energy domains in oil, gas and geothermal areas. Chevron employs around 62,000 people worldwide, half of them in the U.S. It has a marketing network in 84 countries and owns the “Standard Oil” trademark. This company has made many strategic alliances for gasoline for testing vehicles with General Motors, Toyota and ford.
1. Introduction In 2010, the Deepwater Horizon oil platform spit nearly five million barrels of oil into the Gulf of Mexico, making it the largest oil spill in history. The 1989 oil spill surpassed Exxon Valdez's oil spill in 1989 as the largest oil spill ever seen in US-controlled waters and the Ixtoc I oil spill of 1979 as the largest oil spill in the Gulf of Mexico. On April 20, 2010, Deepwater Horizon, an ultra-deepwater offshore rig, exploded in the Gulf of Mexico about 41 miles off the coast of Louisiana, killing 11 riggers and injuring 17 others. The fire burned for 36 hours and the Macondo Prospect delivered about 4.9 million barrels of oil before being closed and sealed on 15 July almost three months later.
The world’s fortune 500 companies controlled an astounding 70% of the trade market, and 80% of foreign investment, and 30% of the (GDP), gross domestic product. 3,400 billion of the world assets controlled by the largest 100 companies with 40% owned in other major countries. In the past it was statistically known that 70% of the trade market with 80% investments, and 40% in off shore accounts was controlled by these multinational corporations, drawing an excessive rates from the U.S. and the majority of wealth in other non U.S. regions. Local cultures of third world countries are stratified into various areas. These countries are open to new ways of proficiencies (e.g.)
How many years will it take for $197,000 to grow to be $554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 8. At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is compounded weekly? 9. An annuity pays $24,000 per year for 11 years (first payment one year from today).
Alaska pipeline is the largest pipeline system in the world. The pipeline was worth approximately “$8 billion in 1977, largest privately funded construction project at that time.” ( Alyeska Pipeline Service Company) The pipeline
A company offers a starting yearly salary of $33,000 with a raise of $2,500 per year. Find the total salary over a 10-year period. an = a1 + (n - 1)*d, [where n = 10 years; a1 = $33,000; d = $2,500] a10 = 33,000 + (10 - 1) * 2,500 a10 = 33,000 + (9) * 2500 a10 = 33,000 + 22,500 a10 = 55,500 The total salary over a 10-year period will be $55,500. 7. Suppose you have $1 the first day of a month, $5 the second day, $25 the third day, and so on.
SOC, Wk 2 Activity-Assignment March, 14, 2013 Pollution in Richmond, California When chemical substances or energy to a natural environment surpasses, pollution is created. When these standard levels regulated by countries are exceeded, it can damage the ecosystem and living organisms. Various effects caused by pollution can be respiratory disease, cardiovascular disease, throat inflammation, chest pain, congestion and sometimes death. This Chevron refinery of 2,900 acres in Richmond, California, was completed 1902. The plant contained 19 stills that could process 10,000 barrels of crude a day and had a tankage capability of 185,000 barrels in its first year of setup and it has over 1,300 employees.
In fact, some of the largest and traditionally most vulnerable industries, such as steel and oil, were making plans to merge. Apparently corporate America and its investment bankers were correctly gauging the waning influence of the Antitrust Division even before it became readily apparent to legislators. MONOPOLIES HAVE A LONG and colorful history in the United States. They have usually been associated with industry, especially in the post-Civil War period. But their history is much older, originating in Elizabethan England.
Permian Basin Introduction The Permian Basin oil field is in west Texas and southeastern New Mexico. This deposit is quite large as it is about 250 miles wide and 300 miles long. Within the Permian are several shale areas which have several different names: Wolfcamp Shale, Wolfberry Trend, Wolfcamp Trend, Wolfcamp Formation,Wolfcamp Oil Play, Wolfcamp Oil Shale, Wolfcamp Oil Field, and Wolfberry. All of these terms refer to basically the same area. The history of the Permian Basin extends nearly a century as one of the oldest and most prolific hydrocarbon-producing basins in the U.S. One of the most prolific US oil plays, the Permian Basin is home to 20 of the country’s top 100 producing oil fields, a remarkable recovery after many in the
Assignment from the Readings -9-4 Chapter 9 E9-4 On January 2, 2005, Jansing Corporation acquired a new machine with an estimated useful life of 5 years. The cost of the equipment was $40,000 with a residual value of $5,000. a. Prepare a complete depreciation table under the three depreciation methods listed below. Use a format similar to the illustrations in Exhibits 9–4, 9–5, and 9–6.