Environmental Risk Management at Chevron Corp. Case Solution
Chevron Corp., which is headquartered in San Francisco, manages a worldwide, vertically integrated value chain from the oil well to the gasoline station. Mishandling of petroleum at any phase of creation can damage human well-being, the natural environment, corporate profitability, or all three. But at exactly the same time Chevron must be wise about the sum of money it spends on measures to handle these hazards, and environmental plans within the company can battle with a longstanding tradition of decentralized management. In order tomanage threats better, Chevron executives are considering using quantitative decision tools that empower running supervisors to compute rough benefit-cost ratios for various option risk management jobs. The case targets the advantages and disadvantages of using such tools within the context of the entire system for environmental risk management of Chevron.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: March 10, 1999
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