Texaco

Business Research Ethics The goal of corporations when incorporating a logo is to be memorable to the consumer and investor. Companies like Nike, Harley-Davidson, and Apple have an instant appeal to the public with their corporate symbolism. The emblem for Chevron with the blue and red “v- shaped” stripes in a militaristic badge pattern is recognized worldwide as one of the most famous of the six “supermajor” oil companies. These six, powerful corporations are sometimes referred to as “big oil”

The story starts out in Coca, a city in Ecuador. The author Joe Kane is explaining how oil is everywhere in this city and that every outsider wants to get their hands on it to make money. He explains how the Ecuadorian government is in control of all natural resources even though certain tribes own the land. This means that the tribes own the land but cannot profit from all of the oil on their land. Joe mentions that among the different native groups the Huaorani consider themselves never to have

In 1967, oil was discovered in Ecuador ushering in an era of newfound wealth and economic prosperity. In the forty-seven years since that first discovery by Texaco, Ecuador’s oil revenues have grown to account for one-third of total government income and fifty percent of the total export revenue (Adkins). However, over much of the past four decades, government mismanagement of oil revenue, poor financial decisions and an overreliance on foreign and corporate oil companies have created a $14 billion

Now for the role of petroleum in Ecuador’s political economy. The EIA report on Ecuador, edited in March of this year, indicates that “resource nationalism and debates about the economic, strategic, and environmental implications of oil sector development are prominent issues in the politics of Ecuador and the policies of its government.” It is fair to say that Ecuador should be categorized as a petrol centric state, especially given that said resource nationalism is an ideology enduring from the

reliance on primary commodity exports. In Ecuador the oil industry is one that began its domination in the 1970s, of which massive plots of land were contracted to Texaco Golf, roughly 1.431 million hectares in the Oriente area (Rochlin, 14) After numerous spills occurred in the area a local NGO stepped in and started a lawsuit against Texaco-Chevron for what they called “indigenous cultural destruction”. (Rochlin, 24) Where they claimed numerous locals had been noticing increased levels of cancer and

made of two thousand people and they live in the northern Ecuador. Unfortunately, this culture was almost annihilated after Spanish colonization and has been strongly affected by oil exploration, because Texaco was contaminating their lands, but the Cofan won a lawsuit in Ecuador against Texaco (“Which indigenous tribes”). The other two cultures called Siona and Secoya have small population of a few hundreds and are located

The Giliasso demonstrated its drilling capabilities immediately in Lake Pelto, reducing by 20 percent the time spent on a well not related to drilling or completing, and afterward proved its ease of mobility in being towed to Lake Barré By 1935, Texaco had built and deployed a fleet of seven such barges along the Louisiana coast, each drilling 6 wells per year. By 1938, the industry had drilled 3,300 wells in parishes adjacent to the Gulf, 700 of which were surrounded by water. The most active

Comment: “Meeting of the minds” has been changed to “manifestation of mutual assent” because mental reservation does not impair obligation Texaco v. Pennzoil (281): Texaco argues that their meetings with Getty show they were not assenting to a deal with Pennzoil 1. Outcome: Court says SEC and press release were outward and objective manifestations, whereas Texaco-Getty conversations cannot be considered by jury because they were secret manifestations to which Pennzoil was not a party 2. All that matters

Question No 2 In the case of American Express v Square Inc, the issue is whether American Express committed any wrongdoing in their business deal with Visa. Jack Dorsey of Square Inc. is filing claims of Tortious Interference with his Contract as well as Tortious Interference with a Prospective Advantage and Defamation. Under Tortious-Contract, which is an intentional tort in which the defendant improperly induced a third party to breach a contract with the plaintiff, the plaintiff must establish

multinational corporation (MNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies. Multinational corporations play an important role in globalization; some argue that a new form of MC is evolving in response to globalization (Wikipedia) 1 "Corporation