Examlex
Chevron Corporation is one of the largest integrated oil companies in the world. Its management is assessing the world marketplace and taking steps to sustain the company's competitive position. Chevron is studying external and internal factors that could influence its success. Faced with business competition on a global scale, Chevron is modifying its strategic business model to manage its resources more efficiently. At Chevron, as at competing companies, one of the most important resources is
Lower Of Cost
Refers to the accounting principle of valuing and reporting assets at the lower of its historical cost or the market value.
Original Cost
The purchase price of an asset or service, including installation fees, transportation costs, and other expenses required to bring an asset into a usable state.
Investment Account
A financial account held at a financial institution that contains securities, cash, and other assets managed for the purpose of investment.
Operating Income
Earnings before interest and taxes (EBIT), a measure of a company's profit from operations before interest expenses and taxes have been deducted.
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