Business Case Studies, Mergers, Acquisitions and Takeovers Case Study, Chevron's Acquisition of Unocal, A Hard Won Battle and the Business Prospects

print page
Tell A Friend

Case Categories

Mergers, Acquisitions and Takeovers Case Study

Case Title:

Chevron's Acquisition of Unocal : A Hard Won Battle and the Business Prospects

Publication Year : 2005

Authors: Mercy Mathew, Souvik Dhar

Industry: Oil and Natural Gas


Case Code: MAA0043

Teaching Note: Not Available

Structured Assignment: Not Available

Buy This Case Study

The takeover battle between Chevron and China National Offshore Oil Corporation (CNOOC) for Unocal, the seventh largest independent oil company in the US, was a highly politicised event in US corporate history. With CNOOC backing out of the deal due to political pressures, Chevron acquired Unocal, thus becoming the fourth biggest oil company in the world. Chevron's management was confident that the acquisition was a perfect fit for the company. Several industry experts also acknowledged the synergies between the two companies. However, some were of the opinion that the acquisition would fail to deliver for Chevron. The case study offers an insight into the takeover battle for Unocal between Chevron and CNOOC and the expected synergies from Chevron's acquisition of Unocal.

Pedagogical Objectives:

  • To discuss whether the acquisition would be beneficial to Chevron in the long run and how this acquisition might change the competitive dynamics of the industry.

Keywords : Chevron;Unocal;Mergers,Acquisitions,Alliances Case Study; China National Offshore Oil Corporation (CNOOC); Mergers and acquisitions; Inorganic growth; Takeover battles; Merger synergies; David J O’Reilly; Political environment; Political risks; Legal and regulatory environment; Oil production and exploration; Corporate governance; Peak oil theory

Contents : 
Chevron vs. CNOOC: The Battle for Unocal
Chevron and Unocal Merger: The Expected Synergies
World View Showing Location of all Chevron Exploration and Production
Unocal’s Worldwide Operations
Chevron-Unocal Combined Production and Reserve
Chevron’s ‘Real Issue’ Print Advertisement

Recently Bought Case Studies

    Recently Bought Case Studies

    Executive Interviews

  • George G BrenkertGeorge G Brenkert

    Professor of Business Ethics at the McDonough School of Business of Georgetown University
    Speaks on Building Ethical Organizations
  • Dr. Bala V BalachandranDr. Bala V Balachandran

    Dr. Bala V Balachandran, Founder and Honorary Dean of Great Lakes Inistitute of Management
    Speaks on Government and Business
  • Eileen FischerEileen Fischer

    Eileen Fischer, is a Professor of Marketing and the Anne and Max Tanenbaum Chair in Entrepreneurship and Family Enterprise.
    Speaks on Steve Jobs
  • View All Executive Interviews»

Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501203, Telangana, INDIA.
Mob: +91- 9640901313,

©2020 - 25 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap