Chevron Corp, headquartered in San Francisco, operates worldwide, vertically integrated chain from the wellhead to the gas station. Improper handling of the oil at any stage can damage the environment, human health, corporate profitability, or all three. But at the same time, Chevron should be reasonable about how much money it spends on measures to manage these risks, and environmental programs within the firm may conflict with the long tradition of decentralized management. To manage risks effectively, Chevron executives are considering the use of quantitative tools solutions that enable operational managers to calculate a rough cost-benefit ratios for various projects, alternative risk management. The case focuses on the pros and cons of using such tools within a common framework Chevron for environmental risk management. "Hide
by Forest Reinhardt, Monica Mandelli, Jennifer Burns Source: Harvard Business School 28 pages. Publication Date: March 10, 1999. Prod. #: 799062-PDF-ENG
Environmental Risk Management At Chevron Corporation Case Solution
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