Term Assignment1 3-2

Term Assignment1 3-2 - 3. This short up-turn should not...

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Professor Havens BUS 131 2 March 2009 Term Assignment (Chevron Corp.) 1. Despite the downturn in the markets the price of crude oil is continuing to increase settling at a price of $42.50, up $2.54 on the New York Mercantile Exchange. 2. This article relates to the demand and demand trends of the situational analysis in that the decrease in demand for oil is causing the price to increase.
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Unformatted text preview: 3. This short up-turn should not cause any major changes, since the market could vary, and our daily operations should go as scheduled. 4. This small increase in the price of crude oil would have, at most, a minor increase in our revenues of $5.5 billion since we cannot conclude that price will continue to increase....
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