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Term Assignment1 3-16

Term Assignment1 3-16 - 3 With OPEC not cutting production...

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Professor Havens BUS 131 16 March 2009 Term Assignment (Chevron Corp.) 1. In a meeting this Sunday, OPEC has decided to that it will not cut any production of crude oil in an effort to help stimulate the world economy. 2. This article relates to the special interest environment of the neutral environments, in that the OPEC cartel has a great influence on the business of the company.
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Unformatted text preview: 3. With OPEC not cutting production, we should expect revenues to stay low, if not decrease; therefore we must cut back on any major investments in drilling for the moment. 4. OPEC’s decision to keep production as is will cause a medium impact on revenues of $13.79 billion, because the price of oil will continue to stay at a low price, if not decrease....
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