1. analyze the past performance of Chevronbased on financial statements, and value chevronusing one or more DCF model(s). The key to the project is to justify all assumptions that are made for the forecast, based on the student's understanding of the firm sources of past success and plans for the future.

2. identify a target firm B (Exxon Mobile in this case)that would enhance the value of firm A,if firm A would acquire B; and estimate whatthevalue offirm A would beif it acquired B. The key to the second part of the project is to justify all assumptions the student makes to modifythe forecast due to the acquisition.

Excel sheets for each scenario.