The oil & gas industry is one of the most decision-intensive businesses around. Oil & gas companies operate in an environment of constant uncertainty and executives are required to make billion-dollar bets. Strategic Decisions Group started working with Chevron in 1989 on adopting Decision Quality (DQ) processes. In 2000, David O’Reilly became Chairman and CEO of Chevron and made DQ mandatory on all capital expenditures over $50 million in order to improve the potential value of major decisions.
Chevron’s performance advantage continues, and has been a powerful demonstration of the value creation that comes from deep adoption of DQ throughout an organization. The whole organization is on a collaborative drive to create value.
Watch Goerge Kirkland, Vice Chairman of Chevron, discuss how decision analysis, the cornerstone science behind SDG’s Decision Quality approach, has played a critical role in the company’s ongoing success.