Using the information gat

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d from your SWOT analysis conducted in Unit II,    create an external factor analysis (EFAS) table for the company you researched. Use Microsoft Word, or a similar program, to create your table. It should have five columns. The first column heading should be titled External Factors, the second column should be titled Weight, the third column should be titled Rating, the fourth column should be titled Weighted Score, and the fifth      column should be titled Comments. You may also use the provided template by      clicking here.

Click here to see an example EFAS table.  

1. In the External Factors column, list at least six opportunities you saw in                the company you researched. Underneath the opportunities, list at least six     threats you saw in the company you researched.

2. In the Weight column, assign an importance factor to each of these issues.                It is important to note that whenever working with weighted averages, the       weight column should always total 1.0, or 100%, regardless of how many   factors are included in the EFAS analysis. It is up to the analyst to decide how   much   weight each individual external factor is assigned based on the   probable impact on a particular company’s current strategic position. The   higher the weight, the more important the factor to the current and future        success of the company. An important factor may have a weight of 0.5      (50%), while a less important factor may have a weight of .05 (5%). When all is   finished, however, all factor weights should total 1.0, or 100%. You may not be privy to the exact information for this company, so in some cases you will need to use your best judgment. (You will justify your weighting in column five.)
3. In the Rating column, assign a rating factor from 5.0-1.0 (5.0 is              outstanding; 1.0 is poor). These ratings are based on the company’s response             to that particular factor. It is your judgment call on how the company is         currently dealing with each specific factor. Once again, you may need to make       an estimate in this area if you are not privy to all of the information. (You will justify your weighting in column five.)
4. In the Weighted Score column, multiply the weight from column 2 by the                rating in column 3 to get the factor’s weighted score.
5. In the Comments column, explain why a particular factor was selected and                how its weight and rating were estimated.
6. At the bottom of column 4, add the weighted scores for the external                factors. Is the company doing better or worse than others in the same                industry? Complete this answer underneath your table.

Format your assignment using APA Style. Use your own words, and include       citations a

Chevron Phillips Chemical Co LLC

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Chevron Phillips Chemical Co LLC

Chevron Phillips Chemical Company LLC is one of the world’s top producers of olefins and polyolefins with Specialty Chemical groups offering a wide range of alkanes, mining chemicals, aromatics, and natural gas odorants around the globe. Based in Woodlands TX, Chevron Phillips Chemical Company LLC is a joint venture between Houston-based Phillip 66 and California-based Chevron Corp with over $16 billion in assets, over $9 billion in revenue, employing nearly 5000 workers throughout 33 facilities(Chevron Phillips Chemical Company LLC, 2020). Chevron Corporation and Phillips Petroleum Company, now Phillips 66 each own 50 percent of Chevron Phillips Chemical Company LLC.

Chevron Phillips Chemical (CPChem) has 31 facilities located in the United States, Belgium, Columbia, Saudi Arabia, and Singapore along with two major research, technology, and quality control centers in Kingwood, TX and Bartlesville, OK(Chevron Phillips Chemical Company LLC, 2020).Chevron Phillips Chemical along with Qatar Petroleum inked an agreement to pursue an $8 billion petrochemical complex that would have a 2-million-metric-ton-per-year ethylene cracker plant and 1-million-metric-ton-per-year polyethylene plant. Most recently CHChem has begun construction on a $5.86 billion project that will employ approximately 3500 workers by 2024(Pulsinelli, 2019).

Chevron Phillips Chemical has been recognized at the American Chemistry Council’s (ACC) Responsible Care Conference and Expo for achieving energy-efficiency improvements for back-to-back years(Chevron Phillips Chemical Company LLC, 2020). Chevron Phillips Chemical Company has agree to report spills of pre-production plastic pellets, which are believed to be a significant source of ocean plastic pollution(Second Large Plastics Manufacturer, 2019).CPChem approach to stakeholder engagement is to identify and include stakeholders in the design and implementation of the engagement process.

References
Chevron Phillips Chemical Company LLC. (2020, February 7). Retrieved from cpchem.com: http://www.cpchem.com/en-us/sustain/pages/about-chevron%20phillips%20chemical.aspx
Pulsinelli, O. (2019, June 21). Chevron Phillips Chemical reportedly make $15B acquisition bid. Retrieved from Houston Business Journal: https://www.bizjournals.com/houston/news/2019/06/21/chevron-phillips-chemical-reportedly-makes-15b.html
Second Large Plastics Manufacturer. (2019, April 9). Retrieved from Plastic Pollution Coalition: https://www.plasticpollutioncoalition.org/blog/2019/4/9/7vynjta76svqssdj39yx76yxgmol47

It is important to remember that whenever working with weighted averages, the weight column should always total 1.0, or 100%, regardless of how many factors are included in the EFAS analysis. It is up to the analyst to decide how much weight each individual external factor is assigned. An important factor may have a weight of 0.5 (50%) while a less important factor may have a weight of .05 (5%). When all is finished, however, all factor weights should total 1.0 or 100%. Please also note that the total weighted score for an average firm in an industry is always 3.0. When the EFAS analysis is complete, the subject company weighted score is evaluated against the industry average score of 3.0 to determine how well it is doing. A weighted total score greater than 3.0 indicates the subject company is doing better than the average industry firm. A weighted average score less than 3.0 indicates that the subject company is doing worse than the average industry firm.

In this section, add your commentary about if the company is doing better or worse than others in the same industry. At the end of this section, add any references you may have used for the assignment.