...DeVry University Gorgon “An Emerging Australian Icon” Dia Coleman July 14, 2014 DeVry University Gorgon “An Emerging Australian Icon” Dia Coleman July 14, 2014 Table of Contents * Executive Summary – Page 3 * Company Description – Pages 3-4 * Strategic Focus and Plan – Pages 4-7 a. Vision Statement b. Mission Statement c. Goals * Situation Analysis – Pages 7-15 a. SWOT Analysis b. Industry Analysis c. Competitor Analysis d. Company Analysis e. Customer Analysis * Market-Product Focus – Pages 15-17 a. Marketing and Product Objectives b. Target Markets c. Points of Difference d. Positioning * Marketing Program – Pages 18-21 a. Product Strategy b. Price Strategy c. Promotion Strategy d. Place Strategy * Financial Data and Projection – Page 21 a. Past Sales Revenues b. Five Year Projection * Organizational Structure – Pages 22-24 * Implementation – Page 24 * Evaluation and Control – Pages 24-25 * Bibliography – Page 26 Executive Summary Chevron Corporation’s (CVX) core business provides their customers with fully supportive administrative and financial management dealing with the integrated petroleum, chemicals, and coal mining segment of the Integrated Oil sector. Despite volatility in commodity prices, depressed financial and debt markets, and political...
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...The Right Stance By Caltex in South Africa? The Right Stand By Caltex in South Africa? In looking back in retrospect over things that have happened in an individual’s life as well as events in the world, it is both difficult and easy to look at a tense, volatile situation in the present and decide which course of action might have been the better choice. There is also no denying that it is difficult for leadership of all levels to decide if the needs of the group as a whole outweigh the needs of those few who are not satisfied for whatever reason. Often many managers in a business setting find themselves weighing the decision to push forward to do what it takes to earn a profit for the organization or side with personal morals in key decisions. The following are issues both positive and negative that were facing Caltex in 1977 as they were looking building a plant in South Africa: Positive • Caltex had a clear responsibility to develop income for their shareholders. • By building this plant, Caltex estimated a 20% annual return on the original investment. • Caltex was committed to improving the economic condition of its employees in South Africa. • If Caltex had not decided to build the plant, another company may have stepped in to do so; one who whose morals and ethics may not have been so focused. Negative • South Africa had enacted a policy for decades known as apartheid (where the black majority was suppressed by the white minority). • Apartheid negated basic...
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...REport Focused Performance Financial Calendar Contents Year ended 31 December 2014 1 With you all the way 2 Report from the Chairman and the Managing Director & CEO 07 MAY 2015 Annual General Meeting 4 Year ending 31 December 2015* 24 AUGUST 2015 Half year results and interim dividend announcement 08 SEPTEMBER 2015 Record date for interim dividend entitlement 30 SEPTEMBER 2015 Interim dividend payable if declared 22 FEBRUARY 2016 Full year results and final dividend announcement 08 MARCH 2016 Record date for final dividend entitlement 31 MARCH 2016 Final dividend payable if declared * These dates are subject to change. Corporate Governance Statement 16 2014 Financial Report for Caltex Australia Limited 17 Directors’ Report 62 Consolidated income statement 63 Consolidated statement of comprehensive income 64 Consolidated balance sheet 65 Consolidated statement of changes in equity 66 Consolidated cash flow statement 67 Notes to the financial statements 67 1. Significant accounting policies 76 2. Revenue and other income 76 3. Costs and expenses 77 4. Income tax expense 79 5. Dividends 79 Basic and diluted earnings per share 6. 80 7. Receivables 81 8. Inventories 81 9. Other assets 81 10. Other investments 82 11. Intangibles 83 12. Property, plant and equipment 85 13. Payables 85 14. Interest bearing liabilities 86 15. Provisions 86 16. Issued capital 87 ...
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...considerations impacting on the company and the industry in which it operates 4 1.4.1 Petroleum Industry 4 1.4.2 Price Fixing 4 1.5 Theoretical Frameworks supporting Caltex CSR disclosures: 5 1.5.1 Stakeholder/Legitimacy Theory 5 1.5.2 Agency Theory 5 2.1 Part a 6 2.1 Part b 7 Recommendations: 8 References 9 Section 1 1.1 Company Profile: Caltex is regarded as the leading transport fuel supplier and convenience retailer in the Australia and are the only integrated oil refining and marketing company that are listed on the Australian Securities Exchange. Caltex sources and refines over 75 million barrels of crude oil a year and supplies a third of Australia’s transport fuel (Caltex 2013). As a percentage of crude oil is sourced overseas Caltex operates in a sensitive industry for a number of different reasons, the risks of transporting oil alone is not to be taken lightly given the corporate governance issues that arose from the infamous Exxon Vladex spill that cost the company not only financially but also significantly damaged the environment and their reputation (Miranda, Ferrara & Michele 2012). According to (Davison 1963) the domestic crude oil industry has been negatively associated with wasteful production practices and has been required much legislation. With this in mind Caltex has developed an Environment Incident Response policy that involves pollution Incident Response Management Plan. In addition to this, the strength of the economy also...
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...The article chosen on Caltex Australia Ltd discloses that the company is seeking a change of the company’s strategic plan by introducing a significant change in its operational structure. Two separate but interdependent divisions are established; a fuels & infrastructure unit and a convenience & retail unit. (Chambers 2018) Formation of the retail unit requires purchasing of the remainder of Caltex’s 433 franchises by mid-2020. (Chambers 2018) The average profit for fuel-retailing industry have been falling in the past five years due to fluctuating price of inputs (i.e. oil) (Magner 2017). The entry of large supermarket chains such as Woolworths also intensified the competition, which contributes to the management’s concern with a sustainable growth of profitability for Caltex (MTAA 2017). Caltex hence decided to end its franchising operational model in search of a more effective control over the company by completely controlling their retail businesses. They believe that their expected growth objectives can be more effectively delivered. (Caltex 2017)...
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...PersonID | Surname | Title | Given Names | Company | Seminar | Section Completed | Marks | 23270683 | Soesanto | Ms. | Pricillia Indah | Caltex | Wednesday, 3-6pm | Part A | | 25023772 | Yang | Ms. | Han | Caltex | Wednesday, 3-6pm | Part B | | 25843001 | Li | Mr. | Kangtai | Caltex | Wednesday, 3-6pm | Part C | | Prepared by: Part A: Pricillia Indah Soesanto 23270683 Part B: Han Yang 25023772 Part C: Kangtai Li 25843001 Prepared by: Part A: Pricillia Indah Soesanto 23270683 Part B: Han Yang 25023772 Part C: Kangtai Li 25843001 CALTEX Australia Ltd: BUSINESS VALUATION GROUP PROJECT CALTEX Australia Ltd: BUSINESS VALUATION GROUP PROJECT Table of Contents Executive Summary 3 1. Introduction 4 1.1 Purpose 4 1.2 Scope 4 1.3 Sources 4 2. Company Background 4 3. Benchmark 5 4. Capital Market Analysis 6 4.1 Share Ownership 6 4.2 Share Trading and Liquidity 9 4.2.1 Stock Liquidity 9 4.2.2 Bid-Ask Spread 10 4.3 52 Weeks High and Low 12 4.4 News and Disclosure Analysis 14 4.5 Analyst Coverage 17 5. Business Analysis 26 5.1 Macroeconomic Analysis 26 5.1.1 Economic Factors 26 5.1.1.1 GDP Growth 26 5.1.1.2 Exchange Rate 27 5.1.1.3 Interest Rate 28 5.1.2 Legal Factors 28 5.1.2 Market Factors 29 5.2 Industry Analysis 29 5.2.1 Rivalry Among Existing Companies 29 5.2.2 Threat of Substitutes or Services 30 5.2.2.1 Shale Gas 31 5.2.2.2 Biofuels and Renewable Resource 31 5.2.3 Threat...
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...Investment Leon Grier Personal & Organizational Ethics Dr. Tina Engle March 19, 2012 Response to a South Africa Investment In my judgment one of the benefits to continue with the expansion project of the Caltex plant is it would continue to keep Caltex black employees employed. Caltex has improved the life of its current minority employees even though the country itself hasn’t tried to improve the welfare of the rest of the black community. Another benefit is that that expansion project promised an annual return of 20 percent on the original investment, which is good for the shareholders. Finally, the benefit that I see is that Caltex is helping the economy of the South Africa by continuing its oil operations in its country. On the other hand by continuing operations in South Africa, and they are helping the government financially support the mistreatment of the black community. If Standard and Texaco did not build the plant, someone else would, likely a company with less global standards or stake in moral and ethical dilemmas. While most reasonable people, even in 1977, found apartheid to be cruel, unjust, and certainly morally wrong, one can think that it would be easier to change a situation from the inside out rather than the outside in. Even Caltex ended operations there in South Africa, the employees that had a little of success would be forced to return to where they began. Apartheid laws were designed to preserve the racial purity and supremacy of whites by...
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...that Caltex compete for market share are BP, Coles Express, Mobil, Shell Woolworths and United Petroleum in the retail environment, Product A product can be a physical object, services, persons, places organisations and ideas. The nature of a product can be tangible for instance a vehicle, and non tangible, a service. A product has the capability to satisfy a consumer’s wants and needs.2 (MAANZ Glossary) There are three distinct layers that make up a product with the first being the “core” product which is the intangible benefit or service received by the purchaser from using the product, The next layer is the actual product which is the product itself or the service being rendered. The actual product unique features supplies the core product benefit. The combination of the actual product and its other features of value the product has to offer is the augmented product layer. “A product is everything beneficial that a customer receives in an exchange”.3 (Solomon, et al. 2011, p.183). By determining the main product the retail petrol outlets sell, petrol, we can further classify petrol as a non-durable product as it provides a benefit over a short period. The frequency the consumer purchases petrol could also be in the category of convenience products. 4 (Solomon, et al. 2011, p. 186). The actual product is the physical product being petrol which includes unleaded petrol, E10 unleaded petrol and LPG fuel. It is also shows the brand of the product being the white Caltex star...
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...1 CHAPTER #1: INDUSTRY ANALYSIS 2 1.1: INTRODUCTION........................................................................................3 1.2: HISTORY/ BACKGROUND......................................................................3 1.3: MAJOR PLAYERS......................................................................................4 1.4: PEST ANALYSIS.........................................................................................5 1.4.1: POLITICAL FACTOR.............................................................................6 1.4.2: ECONOMIC FACTOR.............................................................................6 1.4.3: SOCIO-CULTURE FACTOR..................................................................7 1.4.4: TECHNOLOGICAL FACTOR................................................................7 1.5: PORTER’S FIVE FORCES MODEL.........................................................9 1.5.1: THREATS...................................................................................................10 1.5.2: POWER OF BUYERS................................................................................10 1.5.3: POWER OF SUPPLIERS..........................................................................10 1.5.4: THREATS OF SUBSTITUTE...................................................................10 1.5.5: COMPETITIVE RIVALRY......................................................................11 1.6: STRATEGIC GROUP MAP..................
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...Running Head: CALTEX 1 CALTEX IN SOUTH AFRICA VANESSA HARRISON-HARVEY PHI445 PERSONAL & ORGANIZATIONAL ETHICS INSTRUCTOR: KRISTINE OUZTS JANUARY 30, 2012 Running Head: CALTEX 2 Why did Caltex decide to bring their business to South Africa? Was it for profit alone? In the case of Caltex there were situations that were created by Caltex that the company should have made a decision on: (a) In 1977 the South African people believed apartheid as being cruel and definitely immoral (b) Not building the plant would open the door for a more less moral and ethical situation (c) Multinational companies also had both moral and ethical responsibility Caltex was a joint subsidiary of Texaco and Standard Oil that maintained extensive and growing refinery operations in South Africa which benefited the South African economy. The utilitarian benefits for building Caltex plant in 1977 were less important than the violations of moral rights and justice. Better living wage and better job conditions were offered by Caltex; the most important issue in South Africa was the removal of apartheid. Several arguments needed to be answered: (a) what were the moral and ethical standards regarding political systems, where corporate responsibility that has a mandate to make companies aware of their position. Standard Oil and Texaco were under no legal or even moral obligation and (b) what economic benefits could the companies bring to South Africa with economic...
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...445 Week 1 Quiz WEEK 2 PHI 445 Week 2 Discussion Questions PHI 445 Week 2 Quiz PHI 445 Week 2 Writing Assignment- Caltex and Apartheid PHI 445 ENTIRE CLASS To purchase this visit following link: http://www.activitymode.com/product/phi-445-entire-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM PHI 445 ENTIRE CLASS PHI 445 Complete Class WEEK 1 PHI 445 Week 1 Discussion Questions PHI 445 Week 1 Quiz WEEK 2 PHI 445 Week 2 Discussion Questions PHI 445 Week 2 Quiz PHI 445 Week 2 Writing Assignment- Caltex and Apartheid PHI 445 ENTIRE CLASS To purchase this visit following link: http://www.activitymode.com/product/phi-445-entire-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM PHI 445 ENTIRE CLASS PHI 445 Complete Class WEEK 1 PHI 445 Week 1 Discussion Questions PHI 445 Week 1 Quiz WEEK 2 PHI 445 Week 2 Discussion Questions PHI 445 Week 2 Quiz PHI 445 Week 2 Writing Assignment- Caltex and Apartheid PHI 445 ENTIRE CLASS To purchase this visit following link: http://www.activitymode.com/product/phi-445-entire-class/ Contact us at: SUPPORT@ACTIVITYMODE.COM PHI 445 ENTIRE CLASS PHI 445 Complete Class WEEK 1 PHI 445 Week 1 Discussion Questions PHI 445 Week 1 Quiz WEEK 2 PHI 445 Week 2 Discussion Questions PHI 445 Week 2 Quiz PHI 445 Week 2 Writing Assignment- Caltex and...
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...ijcrb.webs.com OCTOBER 2012 VOL 4, NO 6 INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS Performance evaluation of Pakistan State Oil (PSO) as a Public Engine Lubricant Company: Market Research of PSO & Competitors in Karachi City Rizwan Raheem Ahmed; Danish Obaid & Ahmed Afraz Arif Institute of Business Administration (IBA) – Karachi, Pakistan Abstract This report is based on the market research conducted for PSO’s car engine lubricants. The contents include the methodology adopted for conducting research, stages of questionnaire development, findings and assessment of research result, Strategy plot and recommendations based on result assessment and strategy plot. On almost all brand health parameters PSO lubes are not performing well. Brand adoption funnel suggest PSO lube brands have stuck at consideration to trial stage and following appeared as the main factors behind the bottleneck: Expensive brand Poor corporate image Does not offer good services Mechanics do not recommend it No advertising and no promotions PSO brands also performing significantly lower than Shell on specific attributes (Pack, Quality, VFM and Purchase intentions) as highlighted and validated through hypothesis /significance test. Key Words: Engine Lubricant, Market Research, Strategy Plot, and Brand Adoption Funnel 1. Introduction PSO is the largest oil marketing company of Pakistan. It has market share in local market as below: 78% in Black Oil (Furnace...
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...Situational Analysis A. External Environment Regulatory/ Political Economic Social/ Cultural International/Global B. Corporate Review Mission The mission of Filoil Gas Company is to provide qualified entrepreneurs a good source of earnings by operating their own retail stations. Our company is dedicated in providing quality petroleum products and services for all its customers and is geared towards helping elevate the lives of Filipinos. Vision Filoil’s vision is to become the national symbol of energy and power for the new generation. Filoil believes that the Filipinos can fight poverty by engaging in entrepreneurship as its competitive edge for growth and success. Long Term Goals Filoil is dedicated to uplift the Filipino entrepreneurial spirit as the catalyst for sustainable success and profitable business operation. Objectives * To profit * Sell about 2500-4000 liters a day * Build customer loyalty through good service and clean products * Increase sales by 10% annually * To offer the lowest possible price in the gasoline market Organizational Chart C. Product Category Review General description * Premium Gasoline “Flash Gas”- 93 Octane reading with engine cleaning additives * Unleaded Gasoline “Speedy Max”- 93 Octane Rating Lead-Free * Regular Gasoline- 83 Octane Rating * Biodiesel Fuel * Lubricants Sale Trends Gasoline is a necessity and it should be available at anytime of the day. Gasoline is one of the factors why the society goes on and...
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...Quek Tzu Fang S8341201A BAM 1st Intake UMSD38 Strategic Management What is Strategy? Introduction Before we look into the above topic, we always need to question ourselves on why do we need strategy? To answer this question, we have to look into the values that organizations seek to create for their group of consumers. We will also look into how values are created and managed. Competition, an ongoing and endless journey for all organizations. Marketers got to constantly look out the market trend and changes as every action taken by or within the industry or any external factors will contribute a significant impact to each and every companies within the country, region or internationally. Companies will need to need understand and analyze on how to be proactive and reactive to such situations and best plan on how to respond and remain competitive or even better than what others are doing. However, many companies now constantly benchmarked themselves with competitors and outsourcing to strengthen their productivity, quality and speed as it is now a key fundamental to gain efficiencies to stay ahead of the competition. Never do the organizations and companies aware that the path way is leading to a mutually destructive competition. In today competitive world, different marketing strategy has been used by organizations and companies over the past thirty years. Throughout this discussion, we will also look into the different types of strategies adopted by different companies...
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...Government Greed Oil, stockholders, drama, racism, government and death are all words that come to mind when the Case Study of Caltrex are exposed. This controversy that occurred was one of the most horrific yet historic events in our pastime. This showed many examples of how management of companies has the responsibilities beyond normal duties to ensure a high return for stockholders. Investments should always carry high criteria before making the investment because people’s livelihood depends on it. In this case, stockholders Texaco and SoCal invested in an oil company named Caltrex to give them a high return of its investment although the trust was severed by racism and government greed lend to an end result of sense of unjust ethics such as care and virtue. Caltrex was an American oil company that operated several oil refineries in South Africa during a time of hatred and racism. Texaco and Standard Oil were jointly owned with Caltrex. It was under the Apartheid legislation which deprived the entire black population by giving them no rights at all. This included segregation of blacks and whites, blacks could not vote and were not allowed to socialize with white people. South Africa depended on oil for most of their energy needs and this was a crucial resource for them. The African law that was in place at that time established a percentage of the income be set aside for the government. This raised great concern with shareholders as they felt they were funding a nation...
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