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1. Select a publicly held company and a benchmark firm to compare your company against. The benchmark firm is typically the largest competitor. 2. Write an initial post (200-250 words) o List the company and benchmark firm you selected. e Provide a brief overview of each company
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Answer #1

The publicly held company that has been selected is Chevron Corporation & the benchmark company that has been selected is general electric.

Chevron Corporation:

Chevron is an American multinational corporation that has been headquartered in san Ramon, California & is active in more than 180 countries. It was founded in 1879 & is a 140 year old company. The company is engaged in oil, natural gas & geothermal energy industries which include hydrocarbon exploration & production, refining, marketing & transport, chemicals manufacturing & sales & power generation. It is one of the world’s largest companies as of 2017 & is ranked nineteenth in the fortune 500 list & sixteenth in fortune 500 list.

General Electric:

It is an American multinational conglomerate incorporated in New York & headquartered in Boston. It operates in various segments like aviation, healthcare, power, renewable energy, digital industry, venture capital & finance, lighting, transportation etc. general electric was established in 1892, a 126 year old company. in 2018, it was ranked among fortune 500 as 18th most profitable company & on 2011 among the fortune 20 as the 14th most profitable company.

In NYSE, the position of GE seems to be in no 5, while that of Chevron Corporation is in no 6. Chevron is considered to be a major player in the global LNG market where supply contracts are pegged to oil prices. Chevron has the greatest exposure to oil prices because its production mix is heavily tilted towards liquids.

GE stock was one of the 30 components of the Dow Jones industrial average from 1907 to 2018, the longest continuous presence of any company in the index.

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