Essay: Price of Chevron Products
The price of the products that Chevron provides has been largely dictated by cartels such as OPEC and the actions of the larger petroleum exporting countries across the globe. Thus it has enjoyed little control over the price of oil and gas.
The price maintained itself below the $50 per barrel mark for quite some time before it hiked up to a high of nearly $147 per barrel following 2005 which signaled extravagant times for the company. However, easing of international political conditions and some intervention by global players and countries has resulted in a fall in oil prices once again, making the revenue forecasts relatively moderate for the company. The power generation and supply by Chevron has also seen a consistent dictation by government, providing little room for maneuver by the company.
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