Chevron

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Business Ethics Case

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  • Refer the Shareholders, stakeholders
  • Chevron

    1. 1. Morning Meeting: 2/17/11 CEO: Christopher Choing CFO: Sulay Desai
    2. 2. History of Chevron <ul><li>Merged with Gulf Oil Corp. in 1985. </li></ul><ul><li>Merged with Texaco in 2001. </li></ul><ul><li>In 2002, Chevron became the second largest U.S.-based energy company. </li></ul>
    3. 3. Today’s Issues <ul><li>Chevron was found guilty and charged 8.2 billion dollars in fines for pollution and restoration. </li></ul><ul><li>Chevron initially denied the charges of polluting water and soil. </li></ul><ul><li>Many are suffering from health problems in Amazon. </li></ul>
    4. 4. Health Issues <ul><li>Polluted water has caused: </li></ul><ul><ul><li>Cancers </li></ul></ul><ul><ul><li>Birth Defects </li></ul></ul><ul><ul><li>Minor Illnesses </li></ul></ul><ul><li>Locals in the Amazon rely on the water to live </li></ul><ul><ul><li>Drinking water </li></ul></ul><ul><ul><li>Bathing water </li></ul></ul><ul><ul><li>Cooking water </li></ul></ul>
    5. 5. The Ethical Question <ul><li>Should we accept and take responsibility to what has happened? </li></ul><ul><li>Should we help pay for clean up in Ecuadorian Amazon. </li></ul>
    6. 6. Our response: Yes! <ul><li>We will pay the 8 billion dollars to restore a healthy lifestyle to the people of the Amazon. </li></ul><ul><li>Here’s a breakdown of the amount of money, according to a copy of the verdict: </li></ul><ul><ul><li>$5.39 billion: To restore polluted soil </li></ul></ul><ul><ul><li>$1.4 billion: To create a health system for the community </li></ul></ul><ul><ul><li>$800 million: To threat sick people affected by pollution </li></ul></ul><ul><ul><li>$600 million: To restore polluted sources of water </li></ul></ul><ul><ul><li>$200 million: To recover native species </li></ul></ul><ul><ul><li>$150 million: To transport water from other sites to supply community </li></ul></ul><ul><ul><li>$100 million: To create a community cultural reconstruction program </li></ul></ul><ul><li>  Total: $8.64 billion </li></ul>
    7. 7. Plans and Considerations <ul><li>Texaco…  Take responsibility </li></ul><ul><li>Do more research </li></ul><ul><li>Chevron will take a loss financially, but we are still a growing company </li></ul>
    8. 8. Questions/Comments
    9. 9. Sources <ul><li>http://www.texacotoxico.org/eng/node/144 </li></ul><ul><li>http://blogs.wsj.com/law/2011/02/14/a-breakdown-of-the-8-billion-chevron-judgment/ </li></ul><ul><li>http://online.wsj.com/article/SB10001424052748703584804576144464044068664.html?mod=WSJ_business_whatsNews </li></ul><ul><li>http://chevrontoxico.com / </li></ul><ul><li>http://amazonwatch.org/work/ ecuador </li></ul><ul><li>http://news.mongabay.com/2011/0214-hance_chevron. html </li></ul>

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