Our transition to a business that is sustainable in a lower-price environment has delivered cost savings and efficiency successes across the enterprise. Inside Chevron looks in detail at some of the practical solutions that can be applied across our organization to further drive down costs and generate cash.
It may sound more like a diet program than a business tool, but Lean Sigma is definitely helping Chevron to shed substantial chunks of financial weight.
As the company responds to the challenges of falling oil prices, the use of this program, which improves efficiency by removing low-value work and streamlines processes, is delivering astonishing results across the enterprise.
Among the business units recording huge successes is Chevron Upstream Europe (CUE). Lean Sigma has helped employees at the Aberdeen, Scotland, office and offshore platforms on their path toward their vision of "creating our future by delivering today." It's a goal that translates to bringing profitability to mature oil and gas operations in one of the world's highest cost basins to enable future investment and growth.