Financial Statements

The troupe that I chose to analyze for this assignment is the oil compact banding Corporation. While researching selective information I tack some(prenominal) very interesting information. I did not know that they in like manner had a leg that was created proper(ip) hither in my hometown of Beaumont, Texas. This information makes the analysis of this familiarity even more interesting. at that manoeuver go forth be information about the partnership presented like its history, how it began, and what makes it incompatible from its competitors. Also I will work the current ratio, stemma ratio, accounts receivable turnover ratio, debt to equity ratio, remove on assets ratio, return on equity ratio, and the gross bound on sales. band can trace its roots in the oil championship back to 1897 when oil was discovered at Pico Canyon ( bar Corp. 2008). This is when the pacific Coast embrocate play along was formed ( bar Corp. 2008). Later this company glowering into th e stock(a) Oil Company of California and and then when they acquired Gulf Oil Corporation in 1984 they became chevron (Chevron Corp. 2008). They too had another branch in Beaumont, Texas in 1901 called the Texas Fuel Company. This company then turned into The Texas Company and then into Texaco.

In 2001 these deuce branches came together to skeleton Chevron Texaco moreover this was not conveyancing a pie-eyed enough presence in the arena so in 2005 they changed the name to just Chevron (Chevron Corp. 2008). There are numerous competitors in the oil business. Some of Chevrons competitors are Conoco Phillip s, Exxon Mobil Corporation, and Murphy Oil C! ompany. The difference in the midst of Chevron and its competitors is that out of the three listed above only bingle is cosmopolitan and that is Murphy Oil Corporation (Murphy Oil Corporation, 2008). Chevron is too different to me because a branch of this company was founded right here where I live. Conoco Phillips is the third largest energy companies in the join States but they are not worldwide like Chevron (Conoco Phillips. n.d.). Exxon Mobil is also...If you privation to get a full essay, order it on our website: OrderCustomPaper.com

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