Term Assignment1 2-23

Term Assignment1 2-23 - 3. With the price of oil falling so...

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Professor Havens BUS 131B 23 February, 2009 Term Assignment (Chevron Corp) 1. The price of crude oil dropped to 37$ a barrel after European, African, and Asian countries reported economic contractions for the quarter. 2. This article relates to the economic and business conditions in the situational analysis in the way that the world economy is affecting the price of crude oil.
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Unformatted text preview: 3. With the price of oil falling so low, I recommend that we raise our price of gas to 10% on the gallon. 4. We expect that the decrease in the price of crude oil will have a minor effect on our current revenues of $5.516 billion because the economic situation of the world will not dramatically increase anytime soon....
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