The History of Chevron and Ethical Controversy

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Chevron Corporation is an American global energy corporation that is head office in San Ramon, California. Chevron Corporation can be dated to 1870 when it was known as the Pacific Oil Coast Company. Following successive mergers with various oil firms, they finally changed their name in 1911 to Standard Oil Company. Due to the U.S. Supreme Court ordering the Pacific Oil Coast Company (POCC) to be liberated into various oil companies because it violated the Sherman Antitrust Act (New York Times). Later on name they would change their name to Standard Oil Company of California (SoCal) because of the acquisition of Pacific Oil Company. After a decade, the firm agreed upon a contract with Texas Oil Company which resulted in the formation of the Caltex Corporations. Furthermore, with successful tactical mergers with companies such as The Standard Oil Company of Kentucky, Standard Oil Company of California acquired 2,000 retail stations, increased its channel and market equity in southern region of the United States (Mattera, n.d).
Chevron have business in over 180 countries. Some of the countries the company has processes are Angola, Argentina, Australia, Azerbaijan, Bangladesh, Brazil, Cambodia, Canada, Chad, China, Colombia, Democratic Republic of the Congo, Denmark, Indonesia, Kazakhstan, Myanmar, Netherlands, Nigeria, Norway, the Saudi Arabia, Kuwait, Philippines, Republic of the Congo, Singapore, South Africa, South Korea, Thailand, Trinidad and Tobago, United Kingdom, United States, Venezuela and Vietnam. (Chevron)
In 1984, the term Chevron Corporation was assumed after the acquisition of the Gulf Oil Company which at the time in history was the largest merger of oil corporations. This union doubled Chevron Corporation fuel and ...

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...to pay 15 billion dollars to the Ecuadorian State to end the conflict. Chevron which has never had a refinery in Ecuador, must be acknowledgeable of the acts of its subsidiary (The Independent)

Works Cited

(2014, April 29). Retrieved from learning.blogs.nytimes.com/2012/05/15/may-15-1911-supreme-court-orders-standard-oil-to-be-broken-up/?
Mattera, P. (n.d.). Chevron : The Big Oil Boys. Retrieved from http://www.multinationalmonitor.org/hyper/issues/1992/04/mm0492_11.html

Sorkin, A. R., & Barnerjee, N. (2000, October 16). Chevron Agrees to Buy Texaco For Stock Valued at $36 Billion - New York Times. Retrieved from http://www.nytimes.com/2000/10/16/business/chevron-agrees-to-buy-texaco-for-stock-valued-at-36-billion.html http://www.multinationalmonitor.org/hyper/issues/1992/04/mm0492_11.html http://www.hoovers.com/company/Chevron_Corporation/rfyxkki-1-1njhxk.html

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