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BUSI 530 DF1.docx BUSI 530 Discussion Forum 1: Chevron Corporation Liberty University
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BUSI 530 DF1.docx BUSI 530 Discussion Forum 1: Chevron Corporation Liberty University BUSI 530: Managerial Finance Industry Conditions The Chevron Corporation is an oil industry company that was... founded in September of 1879. Recently, the industry has faced several challenges including environmental scrutiny, the rise of electric vehicles, and of course the coronavirus pandemic. Resulting from the pandemic, €œGlobal oil demand fell by 25% in April, but it has rebounded sharply since then, cutting its losses to just 8% € (Dickson, 2021). So even while the industry was able to recover, it was not able to pull out a positive year. Financial Position According to Google Finance, from 2016 to 2018 Chevron saw a steady revenue increase of around 23 percent and 24 percent respectively; however, From 2018 to 2020 Chevron saw a revenue decrease of 12 percent and 32 percent respectively (Chevron Corporati [Show More]
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