A Tale of Two Oil Companies: Aramco & Chevron
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Business
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial market reaction to the company's $2 trillion valuation?
The stock price decreased by 5% on the second day
The stock price increased by 10% on the first day
The stock price decreased by 10%
The stock price remained stable
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of the main goals of Saudi Arabia's local listing of its oil company?
To focus solely on international investors
To reduce local investments
To diversify the economy away from oil
To increase oil production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial challenge did Chevron face related to its natural gas assets?
A $2 billion investment
A $5 billion profit
A $15 billion acquisition
An $11 billion write-down
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the abundance of natural gas in the Permian affect the market?
It decreased gas prices
It stabilized gas prices
It had no effect on gas prices
It increased gas prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant issue for independent gas producers in the US?
High gas prices
Difficulty in building pipelines
Strong balance sheets
Lack of oil reserves
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