ntage with their focus in the northeast. Chevron over the years has moved into over twenty-five countries. Many of these countries are where they have their suppliers. They have used these suppliers to supply them with low cost oil, which in turn has provided them the ability to offer their customers low prices. However, Chevron was late in getting into the international market place and does not have as many markets as leader ExxonMobil. Chevron has struggled over the years to compete with Exxon and Mobil and with their merger they faced trouble. Chevron knew in order to survive, they were going to have to find away to stay competitive. In 1999 they started talks with rival Texaco about plans for a merger. Today they have come to an agreement to merge and are on their way to a post merger company. This merger could be right in time. Chevron though not failing is clearly suffering in the last few years. It is unable to gain market share on ExxonMobil. They have been out sold the last two years buy over 60 billion each year. Their profits are still high but they have been unable to compete with the giant ExxonMobil. Until this merger is complete we have little fact that shows Chevron will ever be able to compete with ExxonMobil. They are by all means stuck in the middle. They lack the focus or the market share to compete in today’s oil industry. If they plan at making a run at ExxonMobil they will need this merger with Texaco to give it some life.IV.British PetroleumBritish Petroleum or BP, based out of Britain, is one of the leading oil and petrochemical companies in the world. A guy named William Knox D’Arcy who had invested in oil interests in Iran at the turn of the century created BP. With little skilled workers and working in a country with out a strong government he was faced with many difficulties. It took D’Arcy over 8 years to eventually find oil in Iran. (BP Official Website) This was the beginning of oil exp...
