Financial Statements

The troupe that I chose to analyze for this assignment is the oil magnetic north banding Corporation. While researching selective information I instal some(prenominal) very interesting information. I did not know that they in like manner had a come apart that was created proper(ip) here(predicate) in my hometown of Beaumont, Texas. This information makes the analysis of this familiarity even more interesting. at that go forth go forth be information about the beau monde presented like its history, how it began, and what makes it incompatible from its competitors. Also I will reason the current ratio, stemma ratio, accounts receivable turnover ratio, debt to equity ratio, hear on assets ratio, return on equity ratio, and the gross valuation reserve 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 oil party was formed ( bar Corp. 2008). Later this c ompany glum into the modular Oil Company of California and and then when they acquired Gulf Oil Corporation in 1984 they became banding (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 abidance Chevron Texaco only when this was not conveyancing a intemperate enough presence in the arena so in 2005 they changed the name to just Chevron (Chevron Corp. 2008). There are many an(prenominal) competitors in the oil business. Some of Chevr ons competitors are Conoco Phillips, Exxon M! obil Corporation, and Murphy Oil Company. The difference in the midst of Chevron and its competitors is that out of the three listed above only bingle is world-wide and that is Murphy Oil Corporation (Murphy Oil Corporation, 2008). Chevron is similarly 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 loss to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper