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Coned

In:

Submitted By alegriajm
Words 1039
Pages 5
Background:
Pioneer Petroleum was formed in 1924; they refine oil, pipeline transportation, and industrial fields. PPC has is one of the primary producers of Alaska crude and in 1990s provided 60% of Pioneer’s domestic petroleum liquids production. PPC are also the lowest cost refiners on the West Coast. It is merged with several other independent firms in their industry. After the merge they integrated vertically into exploration and production of crude oil and marketing refined petroleum products, but horizontally into plastic, agricultural chemicals, and real estate development. PPC now is reorganized the company into a hydrocarbons-based company, concentrating on oil, gas, coal, and petrochemicals. PPC needs to decrease their risk and optimize their performance and would only be able to by collaboration and coordination among their refining and marketing network divisions.
PPC was spending billions on capital expenditures and were expecting an increase in the next year. These expenditures allowed the company to process Alaskan crude oil more efficiently and get a good return while doing so. Since environment standards are chancing PPC will have to meet these new requirements and in order to do so PPC will have to increase their spending. With the new expenditures and the new regulations PPC is expecting an increase in growth because the can capitalize on their strength.
PPC managers are weighing out their alternative in order to determine the minimum rate of return. PPC has the decision between a single cutoff rate based on the company’s overall WACC or a system of multiple cutoff rates that reflect risk profit characteristics. PPC approach was to capital budgeting was to accept any investment that shown a positive NPV when discounted at the appropriate cost of capital.
Problems Statement:
1. Does Pioneer estimate its overall corporate weighted average

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