Chevron — Company directory

Chevron Corporation is an integrated energy company founded in 1879 as the Pacific Coast Oil Company. It is headquartered in San Ramon, California, and is publicly traded on the NYSE under CVX.

Overview

Chevron Corporation is an integrated energy company with a history dating to 1879, when it was founded as the Pacific Coast Oil Company in California. It is publicly traded on the New York Stock Exchange under the ticker symbol CVX. As of 2024, the source profile describes it as one of the largest companies in the world by revenue and market capitalization and a consistent presence in the Fortune 500.

The company focuses on oil and gas exploration, production, refining, marketing, and transportation. It has also diversified into renewable energy sources and advanced technologies. Chevron operates in more than 180 countries, employing tens of thousands of people. Key facts listed in the source include revenue of over $200 billion annually as of 2023 and approximately 40,000-50,000 employees globally.

Chevron's corporate values, known as The Chevron Way, emphasize integrity, trust, diversity, ingenuity, partnership, protecting people and the environment, and high performance. The source notes that the company has faced environmental concerns, geopolitical issues, and market volatility while maintaining its position through strategic planning, technological advancements, and adaptability.

Headquarters and Global Presence

Chevron Corporation's global headquarters is in San Ramon, California, United States, at 6001 Bollinger Canyon Road, San Ramon, CA 94583. The San Ramon campus, often called Chevron Park, opened in 2002. It includes office space for thousands of employees, technology centers and laboratories, conference facilities, employee amenities such as cafeterias and fitness centers, sustainability features, and security systems.

Chevron also maintains regional offices and operational centers. Houston, Texas, is a major hub for upstream operations and technology development. London, United Kingdom, serves as the European headquarters, overseeing Europe, Eurasia, and the Middle East. Perth, Australia, is the Asia-Pacific headquarters. Singapore is another key Asian office focused on downstream operations and trading. These offices coordinate with San Ramon to manage global operations.

Business Segments

Chevron's core business is divided into Upstream and Downstream sectors, with additional interests in chemicals, technology, renewable energy, and related fields.

Upstream: Exploration, development, and production of crude oil and natural gas. This includes geological and geophysical exploration, project planning and execution, extraction, liquefied natural gas (LNG), and unconventional resources such as shale oil and gas and tight oil. Key upstream assets include operations in the United States, particularly the Permian Basin; Australia, including the Gorgon and Wheatstone LNG projects; Kazakhstan, including the Tengiz and Karachaganak fields; Nigeria; Angola; and the Gulf of Mexico.
Downstream: Refining crude oil into gasoline, diesel fuel, jet fuel, lubricants, and petrochemicals; marketing through Chevron and Texaco branded service stations; manufacturing lubricants and coolants under brands such as Havoline and Delo; transportation by pipelines, ships, and trucks; and trading crude oil and refined products. Downstream operations have a significant presence in North America, Asia-Pacific, Europe, and Africa.
Chemicals: Production and sale of petrochemicals used in plastics, adhesives, and other industrial applications; fuel and lubricant additives; and the Oronite brand for additives.

Technology and New Energies

Chevron emphasizes technology development across its operations. Areas listed include digital innovation using artificial intelligence, machine learning, and data analytics; enhanced oil recovery; drilling and completion technologies; and environmental technologies to reduce environmental impact and increase energy efficiency.

The company is also investing in renewable and alternative energy sources. These include research and development of next-generation biofuels; solar and wind projects for its own operations and commercial purposes; hydrogen as a clean energy carrier; carbon capture and storage; and geothermal power projects.

Subsidiaries, Affiliates, and Investments

Chevron has an extensive network of investments, subsidiaries, and affiliates. Major subsidiaries include Chevron U.S.A. Inc., Chevron Overseas Petroleum Inc., Chevron Shipping Company LLC, Chevron Phillips Chemical Company LLC (a 50-50 joint venture with Phillips 66), Chevron Oronite Company LLC, Chevron Lubricants, and Chevron Technology Ventures.

Regional subsidiaries include Chevron Canada Limited, Chevron Australia Pty Ltd, Chevron Nigeria Limited, Chevron North Sea Limited, and Chevron Thailand Exploration and Production, Ltd. Joint ventures and affiliates include Tengizchevroil (TCO) in Kazakhstan, Chevron Lummus Global, GS Caltex in South Korea, Petropiar in Venezuela, Angola LNG Limited, and West African Gas Pipeline Company Limited (WAPCo).

Technology and innovation investments include Novvi LLC, Carbon Engineering, ChargePoint, Natron Energy, and Brightmark. Renewable energy investments include the NEXBASE Alliance with NESTE, Adopt-a-Port, algae biofuels investments such as Novvi LLC, and geothermal projects in Indonesia and the Philippines.

Acquisitions and Website

Notable historical acquisitions include Gulf Oil Corporation in 1984, valued at approximately $13.2 billion; Texaco in 2001, a $45 billion merger that created ChevronTexaco before the name returned to Chevron in 2005; Unocal Corporation in 2005 for $18.4 billion; Atlas Energy in 2011 for $4.3 billion; and Noble Energy in 2020 for $5 billion, which strengthened Chevron's position in U.S. shale, particularly the Permian Basin, and expanded its Eastern Mediterranean presence.

Chevron maintains its main website at https://www.chevron.com. Sections include About, Our Businesses, Sustainability, Investors, Careers, News & Insights, and Global Presence. Additional web properties include Chevron Stations at https://www.chevronwithtechron.com/, Chevron Lubricants at https://www.chevronlubricants.com/, Chevron Technology Ventures at https://www.chevron.com/technology/technology-ventures, Chevron Oronite at https://www.oronite.com/, and Investor Relations at https://investor.chevron.com/.