Moyo: Chevron's board is driven by IQ; Starbucks focuses on EQ.
“If Chevron is all IQ, Starbucks is largely EQ. The board is made up of people who were running Domino's Pizza, Nike. So understand the consumer in a much more innate level that permeates into how the companies run.”
Daniel: Major asset managers had zero energy stocks in top 50 holdings
“We took all the large asset management complexes. I think Wellington. Wellington, Fidelity, Neuberger, you name, Capri, you name them, and say, okay, let's figure out where their largest energy exposure is and what number it is in their portfolio. They're taki…”
Top Five Western Oil Supermajors Lost $76 Billion in 2020
“In 2020, the top five Western oil and gas supermajors, that's Exxon Mobil, BP, Shell, Chevron and Total, saw combined losses of seventy six billion dollars.”
Bitar: OFAC Authorized European Operators to Export Venezuelan Oil
“OFAC just authorized two European oil operators who operate in Venezuela, ENI and Repsol, to begin exporting back to Europe that had been sanctioned earlier. And they allowed Chevron, the US company who's operating in Venezuela, to have a dialogue with the gov…”
Puri: Multinational oil companies used local intermediaries to bypass bribery laws
“Those companies couldn't get their hands dirty. They could not risk Bribing foreign like politicians. So what they did was they let this guy bribe the fallout foreign politicians, get the rights, and then they would cut a commercial deal with him.”
Earl: Chevron uses Agiloft for Sarbanes-Oxley compliance tracking
“Chevron needs to comply with the Sarbanes-Oxley requirements. That, in turn, requires auditability. It requires a mechanism for tracking how Chevron, how each individual in the company is addressing those requirements. Again, manage through Agiloft.”