Trading 5m barrels of oil every day is no small feat. Especially when those trades are managed across multiple systems or during times when the price of crude fluctuates wildly. Such is the case for Chevron, a company involved in every facet of the energy industry.
Once Openlink’s energy trading and risk management (ETRM) solution was deployed, Chevron could rapidly see the benefits. Having a single version of truth meant that Chevron now had real-time access to their position in the market.
Having one system for global trading makes innovation that much easier. New capabilities are deployed once and available everywhere without the need for trying to update multiple systems simultaneously. This is valuable in an environment where trading is becoming increasingly sophisticated.