mba512 petro corporation
DESCRIPTION
TRANSCRIPT
![Page 1: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/1.jpg)
Petro Corporation
Darin Dolan
Sarah Weber
![Page 2: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/2.jpg)
Petro Corporation
• Canadian Parliament passed Petro Canada Act in 1974 establishing a crown corporation
• Integrated oil and gas energy company
• Headquarters in Alberta
• Over 5,600 employees
• Currently, Suncor & Petro
market under Sunoco brands
![Page 3: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/3.jpg)
Petro Corp cont.
• Total revenue as of December 2007• $19,882.6 million • 13.8% increase from 2006• Seeing a decline in operating cash flows
• Upstream & downstream business
• Main competitors• Chevron Corporation, ExxonMobil, TOTAL S.A.,
TransCanada Corporation, & Imperial Oil Limited
![Page 4: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/4.jpg)
Petro Corp currently
• 2006 - Purchased a 90% interest for wholly owned subsidiary Marathon Oil Corp
• 2007 – Signed a long term exploration & development agreement
• 2008 – Discovered two international exploration wells off Trinidad & Tobago and UK sector of North Sea
• 2008 – Signed 6 new exploration & production sharing agreements
![Page 5: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/5.jpg)
Gas Station Data
• 90 located by a highway 97 metropolitan area 14 rural
• Of the upper 50• 38 highway, 11 metropolitan, 1 rural
• Of the lower 50 • 18 highway, 28 metropolitan, 4 rural
![Page 6: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/6.jpg)
Gallons sold vs. Location
Right skewed, more gallons are sold along the highways (1) than metropolitan (2) or rural areas (3)
![Page 7: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/7.jpg)
Location vs. Car wash
Only 17 out of the 202 have a car wash
Highways: 8 car washes
Metropolitan areas: 4 car washes
Rural: 5 car washes
![Page 8: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/8.jpg)
Gallons sold vs. Hours open
63% of the Average monthly fuel sales in gallons was at 24 hours of operation gas stations
37% of Average monthly fuel sales in gallons was at 18 hours of operation gas stations
![Page 9: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/9.jpg)
Location vs. Hours of Operation
Majority are 24 hours a day
82 by highway – 80 in a metropolitan area
27 stations are open 18 hours a day (most by metropolitan area)
0 = 18 hours
1 = 24 hours
![Page 10: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/10.jpg)
Car wash vs. Gallons sold
Total of 284,789 gallons of gas sold
Most gallons of gas are sold at stations without a carwash – 56%
With a carwash – 44%
![Page 11: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/11.jpg)
Conclusions• Location affects sales
• Most successful stations according to this sample are highway locations
• Hours of operation affect sales• More gallons sold at 24 hour stations, majority of stations
open 24 hours
• Car wash does not significantly affect sales• Carwash along highways most used• More gallons overall sold at stations without car wash
![Page 12: Mba512 Petro Corporation](https://reader035.vdocument.in/reader035/viewer/2022062511/54b84f6a4a7959e11c8b4810/html5/thumbnails/12.jpg)
Recommendations
• Build a location that is easily accessible to a highway
• Hours of operation should be 24 hours a day
• From this data, car wash does not play a significant factor to sales, not many stations have one