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Summary: Chevron Corp Dec 05 Product Image

Summary: Chevron Corp Dec 05

  • Published: December 2005
  • Standard & Poors

FEATURED COMPANIES

  • BP PLC
  • Chevron Corp.
  • ExxonMobil Corp.
  • Royal Dutch Shell PLC
  • Total S.A.
  • MORE

Abstract
The ratings on Chevron Corp. reflect its excellent business profile that is characterized by a very large, internationally diverse asset base, high-return reinvestment opportunities, and minimal financial risk. These strengths mitigate the company's participation in a fiercely competitive, cyclical, volatile, and capital-intensive industry. In addition to industry-related risks, the company's principal challenges include maintaining strong returns on investment as it strives to expand operations and manage political risks in emerging markets (mainly Nigeria and Venezuela) as it confronts depleting domestic reserves and worldwide production declines. Chevron also faces an increased element of concentration as future production and reserve replacement is highly dependent on a handful of very large developments (in the Caspian Sea region, Angola, Nigeria, Kazakhstan, the Gulf of...

Companies mentioned in this report are:
- Chevron Corp.
- BP PLC
- Royal Dutch Shell PLC
- Total S.A.
- ExxonMobil Corp.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Chevron Corp.
- BP PLC
- Royal Dutch Shell PLC
- Total S.A.
- ExxonMobil Corp.

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