Chevron Corporation is an American multinational energy corporation. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in

San Ramon, California San Ramon ( Spanish: ''San Ramón'', meaning "St. Raymond") is a city in Contra Costa County, California, United States, located within the San Ramon Valley, and east of San Francisco. San Ramon's population was 84,605 per the 2020 census, ma ...

, and active in more than 180 countries. Chevron is engaged in every aspect of the oil and natural gas industries, including

hydrocarbon exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Visi ...

and production;

refining {{Unreferenced, date=December 2009 Refining (also perhaps called by the mathematical term affining) is the process of purification of a (1) substance or a (2) form. The term is usually used of a natural resource that is almost in a usable form, b ...

, marketing and transport; chemicals manufacturing and sales; and

power generation Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stor ...

. Chevron traces its history back to the 1870s. The company grew quickly after the breakup of Standard Oil by acquiring companies and partnering with others, especially

Texaco Texaco, Inc. ("The Texas Company") is an American oil brand owned and operated by Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an independent company unt ...

. Socal was one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based

Gulf Oil Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger ...

and rebranded as Chevron; the newly-merged company later merged with Texaco in 2001. Today, Chevron manufactures and sells fuels, lubricants, additives, and petrochemicals, primarily in Western North America, the U.S.

Gulf Coast The Gulf Coast of the United States, also known as the Gulf South, is the coast, coastline along the Southern United States where they meet the Gulf of Mexico. The list of U.S. states and territories by coastline, coastal states that have a shor ...

, Southeast Asia,

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

and Australia. In 2018, the company produced an average of 791,000 barrels of net oil-equivalent per day in United States. Chevron is one of the largest companies in the world and the second largest oil company based in the United States by revenue, only behind fellow Standard Oil descendant

ExxonMobil ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 3 ...

. Chevron ranked 16th on the Fortune 500 in 2022 with revenues of $162.5 billion USD, which also ranked it 37th on the

Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...

. The company is also the last-remaining oil and gas component of the

Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity inde ...

since ExxonMobil's exit from the index in 2020. Chevron has been subject to numerous controversies arising out of its activities, the most notable of which being related to its activities and inherited liabilities from its acquisition of

in the

Lago Agrio oil field The Lago Agrio oil field is an oil-rich area near the city of Nueva Loja in the province of Sucumbíos, Ecuador. It is located in the Western Oriente Basin. The site's hydrocarbon-bearing formations are the Cretaceous Napo and Hollin format ...

, which include allegations of both Chevron and Texaco collectively dumping 18 billion tons of toxic waste and spilling 17 million gallons of petroleum. Chevron and Texaco's activities were the subject of a lawsuit Chevron lost to Ecuadorian residents defended in Ecuadorian court by

Steven Donziger Steven R. Donziger (born September 14, 1961) is an American attorney known for his legal battles with Chevron, particularly '' Aguinda v. Texaco, Inc.'' and other cases in which he represented over 30,000 farmers and indigenous people who suffe ...

. Due to accusations of Donziger bribing the Ecuadorian court and the subsequent disbarment and criminal contempt charges against Donziger, Chevron was accused by environmentalists and human rights groups of jailing Donziger and compelling the US government to deny Donziger due process of law.

History

Predecessors

One of Chevron's early predecessors, "Star Oil", discovered oil at the Pico Canyon Oilfield in the

Santa Susana Mountains The Santa Susana Mountains are a transverse range of mountains in Southern California, north of the city of Los Angeles, in the United States. The range runs east-west, separating the San Fernando and Simi valleys on its south from the Santa C ...

north of Los Angeles in 1876. The 25 barrels of oil per day well marked the discovery of the Newhall Field, and is considered by geophysicist Marius Vassiliou as the beginning of the modern oil industry in California. Energy analyst

Antonia Juhasz Antonia Juhasz (born 1970) is an American oil and energy analyst, author, journalist and activist. She has authored three books: ''The Bush Agenda'' (2006), ''The Tyranny of Oil'' (2008), and ''Black Tide'' (2011). Education Juhasz earned her und ...

has said that while Star Oil's founders were influential in establishing an oil industry in California, Union Mattole Company discovered oil in the state eleven years prior. In September 1879,

Charles N. Felton Charles Norton Felton (January 1, 1832September 13, 1914) was an American banker and politician who served as a Congressman (1885 to 1889) and U.S. Senator (1891 to 1893) from California in the late 19th Century, in addition to co-founding th ...

, Lloyd Tevis, George Loomis and others created the "Pacific Coast Oil Company", which acquired the assets of Star Oil with $1 million in funding. Pacific Coast Oil became the largest oil interest in California by the time it was acquired by

Standard Oil Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co- ...

for $761,000 in 1900. Pacific Coast operated independently and retained its name until 1906, when it was merged with a Standard Oil subsidiary and it became "Standard Oil Company (California)" or "California Standard". Another predecessor,

Texas Fuel Company Texaco, Inc. ("The Texas Company") is an American oil brand owned and operated by Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an independent company unt ...

, was founded in 1901, in

Beaumont, Texas Beaumont is a coastal city in the U.S. state of Texas. It is the seat of government of Jefferson County, within the Beaumont– Port Arthur metropolitan statistical area, located in Southeast Texas on the Neches River about east of Houston ( ...

as an oil equipment vendor by "Buckskin Joe". The founder's nickname came from being harsh and aggressive. Texas Fuel worked closely with Chevron. In 1936, it formed a joint venture with California Standard named

Caltex Caltex is a petroleum brand name of Chevron Corporation used in the Asia-Pacific region, the Middle East, and Southern Africa. It is also the brand name of non-Chevron petroleum companies in some countries (such as New Zealand, and previously A ...

, to drill and produce oil in

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Ara ...

. According to energy analyst and activist shareholder

, the Texas Fuel Company and California Standard were often referred to as the "terrible twins" for their cutthroat business practices. The Texas Fuel Company was renamed the Texas Company, and later renamed

Formation of the Chevron name

In 1911, the federal government broke Standard Oil into several pieces under the

Sherman Antitrust Act The Sherman Antitrust Act of 1890 (, ) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce. It was passed by Congress and is named for Senator John Sherman, its principal author. ...

. One of those pieces, Standard Oil Co. (California), went on to become Chevron. It became part of the " Seven Sisters", which dominated the world oil industry in the early 20th century. In 1926, the company changed its name to Standard Oil Co. of California (SOCAL). By the terms of the breakup of Standard Oil, at first Standard of California could use the Standard name only within its original geographic area of the Pacific coast states, plus Nevada and Arizona; outside that area, it had to use another name. Today, Chevron is the owner of the

trademark in 16 states in the western and southeastern United States. Since American trademark law operates under a use-it-or-lose-it rule, the company owns and operates one Standard-branded Chevron station in each state of the area. However, though Chevron (as CalSo) acquired

Kyso Kyso (officially the Standard Oil Company of Kentucky) was an oil company, gasoline distributor, and direct descendant of Standard Oil that operated in the southeastern United States from 1886 until it was acquired by Standard Oil of California ( ...

in the 1960s, its status in Kentucky is unclear after Chevron withdrew its brand from retail sales from Kentucky in July 2010. The 'Chevron' name came into use for some of its retail products in the 1930s. The name "Calso" was also used from 1946 to 1955, in states outside its native West Coast territory. Standard Oil Company of California ranked 75th among United States corporations in the value of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

military production contracts. In 1933,

granted California Standard a concession to find oil, which led to the discovery of oil in 1938. In 1948, California Standard discovered the world's largest oil field in Saudi Arabia, Ghawar Field. California Standard's subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, its name was changed to Saudi Arabian Oil Company—

Saudi Aramco Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of ...

. Standard Oil of California and

merged in 1984,SOCAL agrees to buy Gulf in record deal price
by Robert Cole at ''The New York Times'', March 6, 1984 which was the largest merger in history at that time. To comply with

U.S. antitrust law In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of businesses to promote competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherma ...

, California Standard divested many of Gulf's operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States. (The refinery is currently owned by

Sunoco Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas, that is a wholesale distributor of motor fuels. It distributes fuel to more than 5,500 Sunoco-branded gas stations ...

.) Among the assets sold off were Gulf's retail outlets in Gulf's home market of

Pittsburgh Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Wester ...

, where Chevron lacks a retail presence but does retain a regional headquarters there as of 2013, partially for Marcellus Shale-related drilling. The same year, Standard Oil of California also took the opportunity to change its legal name to 'Chevron Corporation', since it had already been using the well-known "Chevron" retail brand name for decades. Chevron would sell the Gulf Oil trademarks for the entire U.S. to Cumberland Farms, the parent company of

Gulf Oil LP Gulf Oil LP (Gulf Oil Limited Partnership) is an American oil company formed when Chevron Corporation acquired the naming rights to the Gulf Oil brand in the United States for $13 billion in 1985.NGC Corporation (later Dynegy) in exchange for a roughly 25% equity stake in NGC. In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc. and Chevron's stake increased up to 28%. However, in May 2007, Chevron sold its stake in the company for approximately $985 million, resulting in a gain of $680 million.

Merger with Texaco and post-merger

On October 10, 2000, Texaco announced the purchase of

General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...

' share in GM Ovonics,Texaco To Acquire General Motor's Share of GM Ovonic Battery Joint Venture: Deal Reflects Technology's Potential For Broad Energy Applications
. (Press release). Cobabsys, October 10, 2000. Retrieved on August 8, 2007. a manufacturer of NiMH batteries for electric cars, which in 2003, was restructured into Cobasys, a 50/50 joint venture between Chevron and

Energy Conversion Devices Ovonics Energy Conversion Devices (ECD) was an American photovoltaics manufacturer of thin-film solar cells made of amorphous silicon used in flexible laminates and in building-integrated photovoltaics. The company was also a manufacturer of rechargeabl ...

. In 2009, both Chevron and Energy Conservation Devices sold their stakes in Cobasys to SB LiMotive Co. On October 15, 2000, Chevron announced acquisition of

in a deal valued at $45 billion, creating the second-largest oil company in the United States and the world's fourth-largest publicly traded oil company with a combined market value of approximately $95 billion. The acquisition was completed on October 9, 2001. The merged company was named "ChevronTexaco". On May 9, 2005, ChevronTexaco announced it would drop the Texaco

moniker A nickname is a substitute for the proper name of a familiar person, place or thing. Commonly used to express affection, a form of endearment, and sometimes amusement, it can also be used to express defamation of character. As a concept, it is ...

and return to the Chevron name. Texaco remained as a brand under the Chevron Corporation. In 2005, Chevron purchased

Unocal Corporation Union Oil Company of California, and its holding company Unocal Corporation, together known as Unocal was a major petroleum explorer and marketer in the late 19th century, through the 20th century, and into the early 21st century. It was headq ...

for $18.4 billion, increasing the company's petroleum and natural gas reserves by about 15%. Because of Unocal's large South East Asian geothermal operations, Chevron became a large producer of

geothermal energy Geothermal energy is the thermal energy in the Earth's crust which originates from the formation of the planet and from radioactive decay of materials in currently uncertain but possibly roughly equal proportions. The high temperature and pr ...

. The deal did not include Unocal's former retail operations including the Union 76 trademark, as it had sold that off to

Tosco Corporation Tosco (The Oil Shale COrporation) was an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut. It was founded in 1955 in Santa Monica, California by A&P heir Huntington Hartford, and originally foc ...

in 1997. The 76 brand is currently owned by

Phillips 66 The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. T ...

, unaffiliated with Chevron. Chevron and the

Los Alamos National Laboratory Los Alamos National Laboratory (often shortened as Los Alamos and LANL) is one of the sixteen research and development laboratories of the United States Department of Energy (DOE), located a short distance northwest of Santa Fe, New Mexico, ...

started a cooperation in 2006, to improve the recovery of hydrocarbons from oil shale by developing a shale oil extraction process named

Chevron CRUSH Chevron CRUSH is an experimental ''in situ'' shale oil extraction technology to convert kerogen in oil shale to shale oil. The name stands for Chevron's Technology for the Recovery and Upgrading of Oil from Shale. It is developed jointly by Chevron ...

. In 2006, the

United States Department of the Interior The United States Department of the Interior (DOI) is one of the executive departments of the U.S. federal government headquartered at the Main Interior Building, located at 1849 C Street NW in Washington, D.C. It is responsible for the ma ...

issued a research, development and demonstration lease for Chevron's demonstration oil shale project on public lands in Colorado's Piceance Basin. In February 2012, Chevron notified the

Bureau of Land Management The Bureau of Land Management (BLM) is an agency within the United States Department of the Interior responsible for administering federal lands. Headquartered in Washington DC, and with oversight over , it governs one eighth of the country's ...

and the Department of Reclamation, Mining and Safety that it intends to divest this lease. In 2010 Chevron established the Niger Delta Partnership Initiative (NDPI), a non-profit that works with local organizations to promote economic growth, reduce HIV transmission rates, and empower women. The Initiative was initially funded with a $50 million grant. An additional $40 million was donated in 2013. In July 2010, Chevron ended retail operations in the Mid-Atlantic United States by removing the Chevron and Texaco names from 1,100 stations. In 2011, Chevron acquired Pennsylvania based

Atlas Energy Inc Atlas America, Inc., until its acquisition by Chevron in 2010, was a natural gas and oil extraction company based in suburban Pittsburgh, Pennsylvania in the United States. The corporation was also involved in the transportation of resources an ...

. for $3.2 billion in cash and an additional $1.1 billion in existing debt owed by Atlas. Three months later, Chevron acquired drilling and development rights for another 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc. In September 2013, Total S.A. and its joint venture partner agreed to buy Chevron's retail distribution business in

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

for an undisclosed amount. In October 2014, Chevron announced that it would sell a 30 percent holding in its Canadian oil shale holdings to

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to Iraq–Ku ...

's state-owned oil company

Kuwait Oil Company The Kuwait Oil Company (KOC), an oil company headquartered in Al Ahmadi - Kuwait, is a subsidiary of the Kuwait Petroleum Corporation, a government-owned holding company. Kuwait was the world's 10th largest petroleum and other liquids producer ...

for a fee of $1.5 billion. In 2016, Chevron announced it was planning to exit South Africa, where it had had a presence for over a century. In April 2019, Chevron announced their intention to acquire Anadarko Petroleum in a deal valued at $33 billion, but decided to focus on other acquisitions shortly afterwards when a deal could not be reached. In February 2020, Chevron joins Marubeni Corporation and WAVE Equity Partners in investing in Carbon Clean Solutions, a company that provides portable carbon capture technology for the oil field and other industrial facilities. Because of the

COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...

and

2020 Russia–Saudi Arabia oil price war On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, facilitating a 65% quarterly fall in the price of oil. In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The ...

, Chevron announced reductions of 10–15% of its workforce. On July 20, 2020, Chevron announced that it would acquire Noble Energy for $5 billion. Chevron considered a merger with rival ExxonMobil in 2020 during the early stages of the COVID-19 pandemic that drove oil demand sharply down. It would have been one of the biggest corporate mergers in history, and a combined Chevron and ExxonMobil (dubbed "Chexxon" by

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was est ...

) would have been the second biggest oil company in the world, trailing only

. In August 2021, Chevron began requiring some employees, namely expatriate employees, those working overseas, and workers on U.S.-flagged ships, to receive COVID-19 vaccinations after having some key operations, the off-shore platforms off the

Gulf of Mexico The Gulf of Mexico ( es, Golfo de México) is an ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of the United ...

and Permian Basin for example. The requirement will begin for workers off the Gulf of Mexico on the first of November. On January 5, 2022, Chevron temporarily decreased production in

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

Tengiz Field Tengiz field ( kk, Теңіз мұнай кен орны, ''Teñız mūnai ken orny''; Tengiz is Turkic for "sea") is an oil field located in northwestern Kazakhstan's low-lying wetlands along the northeast shores of the Caspian Sea. It covers ...

due to the 2022 Kazakh protests, which were motivated by heavy oil price increases. On January 21, 2022, Chevron announced it would end all operations in

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

, citing rampant human rights abuses and deteriorating rule of law since the 2021 Myanmar coup d'état. A statement released by the company on its website stated while Chevron was committed to an orderly exit which ensures it can still provide energy to Southeast Asia, Chevron remains firmly opposed to the human rights violations committed by the current military rule in Myanmar. A

report released on February 21, 2022, alluded that Chevron was seeking to sell stakes in three fields located in

Equatorial Guinea Equatorial Guinea ( es, Guinea Ecuatorial; french: Guinée équatoriale; pt, Guiné Equatorial), officially the Republic of Equatorial Guinea ( es, link=no, República de Guinea Ecuatorial, french: link=no, République de Guinée équatoria ...

. Reuters reported that the sales may be intended to attract smaller oil companies. On February 28, 2022, Chevron announced that they will acquire

Renewable Energy Group Renewable Energy Group is a biodiesel production company headquartered in Ames, Iowa. The company operates 12 biorefineries and a feedstock processing facility. , the company is a Fortune 1000 corporation. History Renewable Energy Group began in ...

, a biodiesel production company based in

Ames, Iowa Ames () is a city in Story County, Iowa, United States, located approximately north of Des Moines in central Iowa. It is best known as the home of Iowa State University (ISU), with leading agriculture, design, engineering, and veterinary me ...

. The acquisition was completed almost 4 months later on June 13. On March 10, 2022, Chevron Phillips Chemical, a company jointly owned by Chevron and

, agreed to pay $118 million as a result of violating the Clean Air Act at three of its chemical production plants in Texas. According to the United States' Department of Justice and

Environmental Protection Agency A biophysical environment is a biotic and abiotic surrounding of an organism or population, and consequently includes the factors that have an influence in their survival, development, and evolution. A biophysical environment can vary in scale ...

, Chevron and Phillips failed to properly flare at the plants, causing excess air pollution. The companies agreed to add pollution control systems to the plants as well. In 2022, the major oil and gas companies, including Chevron, reported sharp rises in interim revenues and profits. In November 2022, it was announced the Chevron subsidiary, Chevron USA Inc., had acquired Beyond6, LLC (B6) and its network of 55

compressed natural gas Compressed natural gas (CNG) is a fuel gas mainly composed of methane (CH4), compressed to less than 1% of the volume it occupies at standard atmospheric pressure. It is stored and distributed in hard containers at a pressure of , usually in ...

(CNG) stations across the United States from

Mercuria Mercuria Energy Group Ltd is a Cypriot-domiciled multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, biodiesel, base ...

Corporate image

Logo evolution

The first logo featured the legend "Pacific Coast Oil Co.", the name adopted by the company when it was established in 1879. Successive versions showed the word 'Standard' (for "The Standard Oil of California"). In 1968, the company introduced the word 'Chevron' (which was introduced as a brand in the 1930s) for the first time in its logo. In July 2014, the Chevron Corporation logo design was officially changed, although it has been used since 2000. By 2015, the logo had been changed multiple times, with three different color schemes applied in the logo. The logo was gray, then blue, and then turned red before returning to the silver gray it is today. File:Pacific coast oil logo.png, 1879–1906
("Pacific Coast Oil Co.") File:Standardoil calif logo 1931.png, 1931–1948 File:Chevron logo1969.png, 1968–2007 File:Chevron Logo.svg, 2006–present

Operations

As of December 31, 2018, Chevron had approximately 48,600 employees (including about 3,600 service station employees). Approximately 24,800 employees (including about 3,300 service station employees), or 51 percent, were employed in U.S. operations. In October 2015, Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. Because of the

and

, Chevron announced reductions of 10–15% of its workforce.

Upstream

Chevron's oil and gas exploration and production operations, which in the oil and gas industry are considered as "

upstream Upstream may refer to: * Upstream (bioprocess) * ''Upstream'' (film), a 1927 film by John Ford * Upstream (networking) * ''Upstream'' (newspaper), a newspaper covering the oil and gas industry * Upstream (petroleum industry) * Upstream (software ...

" operations, are primarily in the US, Australia, Nigeria, Angola, Kazakhstan, and the Gulf of Mexico. As of December 31, 2018, the company's upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day. ChevronInWyoming

In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying across the Permian Basin, located in

West Texas West Texas is a loosely defined region in the U.S. state of Texas, generally encompassing the arid and semiarid lands west of a line drawn between the cities of Wichita Falls, Abilene, and Del Rio. No consensus exists on the boundary betw ...

and southeastern

New Mexico ) , population_demonym = New Mexican ( es, Neomexicano, Neomejicano, Nuevo Mexicano) , seat = Santa Fe, New Mexico, Santa Fe , LargestCity = Albuquerque, New Mexico, Albuquerque , LargestMetro = Albuquerque metropolitan area, Tiguex , Offi ...

. In 2010, Chevron was the fourth-largest producer in the region. In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil. The Gulf of Mexico is where the company's deepest offshore drilling takes place at Tahiti and Blind Faith. It also explores and drills the Marcellus Shale formation under several northeastern US states. Chevron's largest single resource project is the $43 billion

Gorgon Gas Project The Gorgon gas project is a multi-decade natural gas project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas (LNG) plant on Barrow Island. The p ...

in Australia. It also produces natural gas from Western Australia. The $43 billion project was started in 2010, and was expected to be brought online in 2014. The project includes construction of a 15 million tonne per annum

liquefied natural gas plant Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

on Barrow Island, and a domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia. It is also developing the Wheatstone liquefied natural gas development in Western Australia. The foundation phase of the project is estimated to cost $29 billion; it will consist of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure. In August 2014 a significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced. The company also has an interest in the North West Shelf Venture, equally shared with five other investors including BP, BHP Petroleum, Shell,

Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...

/ Mitsui and

Woodside Woodside may refer to: Places and buildings Australia * Woodside, South Australia, a town * Woodside, Victoria, a town Canada * Woodside National Historic Site, the boyhood home of William Lyon Mackenzie King *Woodside, Nova Scotia, a neighbo ...

. In the onshore and near-offshore regions of the

Niger Delta The Niger Delta is the delta of the Niger River sitting directly on the Gulf of Guinea on the Atlantic Ocean in Nigeria. It is located within nine coastal southern Nigerian states, which include: all six states from the South South geopolitic ...

, Chevron operates under a joint venture with the Nigerian National Petroleum Corporation, operating and holding a 40% interest in 13 concessions in the region. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant. Chevron has interests in four concessions in Angola, including offshore two concessions in

Cabinda province Cabinda (formerly called Portuguese Congo, kg, Kabinda) is an exclave and province of Angola in Africa, a status that has been disputed by several political organizations in the territory. The capital city is also called Cabinda, known locall ...

, the Tombua–Landana development and the Mafumeira Norte project, operated by the company. It is also a leading partner in

Angola LNG plant Angola LNG is a liquid natural gas (LNG) facility in Soyo, Angola. Technical features The Angola LNG plant is a single train facility with production capacity of 5.2 million tonnes per year. The plant uses ConocoPhillips' proprietary natural ...

. In

, Chevron participate the Tengiz and Karachaganak projects. In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the

Caspian Sea The Caspian Sea is the world's largest inland body of water, often described as the world's largest lake or a full-fledged sea. An endorheic basin, it lies between Europe and Asia; east of the Caucasus, west of the broad steppe of Central A ...

to the

Black Sea The Black Sea is a marginal mediterranean sea of the Atlantic Ocean lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bounded by Bulgaria, Georgia, Rom ...

. As of 2013, the

Rosebank oil and gas field The Rosebank oil and gas field lies west of Shetland. It is operated by Equinor; Suncor and Siccar Point Energy. The discovery well was drilled in 2004. A final investment decision for Rosebank is planned to be taken by May 2022. In 2022, Siccar P ...

west of

Shetland Shetland, also called the Shetland Islands and formerly Zetland, is a subarctic archipelago in Scotland lying between Orkney, the Faroe Islands and Norway. It is the northernmost region of the United Kingdom. The islands lie about to the n ...

was being evaluated by Chevron and its partners. Chevron drilled its discovery well there in 2004. Production is expected in 2015 if a decision is made to produce from the field. The geology and weather conditions are challenging.

Midstream

As of 2019, Chevron did not own significant midstream assets; that year it attempted to purchase Anadarko Petroleum, which owned pipelines, but was outbid by

Occidental Petroleum Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States, and the Middle East as well as petrochemical manufacturing in th ...

. In 2021, Chevron completed it's purchase of Noble Midstream Partners LP, which has crude oil, produced water and gas gathering assets in the Permian Basin in West Texas and the DJ Basin in Colorado. Noble Midstream also has 2 crude oil terminals in the DJ Basin as well as freshwater delivery systems.

Downstream

Refining

Chevron's downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010, Chevron sold an average of of refined products like gasoline, diesel and jet fuel. The company operates approximately 19,550 retail sites in 84 countries. Chevron's Asia downstream headquarters is in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

, and the company operates gas stations (under the Caltex brand) within the city state, in addition to some gas stations in Western Canada. Chevron owns the trademark rights to Texaco and Caltex fuel and lubricant products. Chevron, with equal partner Singapore Petroleum Company, also owns half of the Singapore Refining Company (SRC) plant, a complex refinery capable of cracking crude oil. The investment was first made in 1979 when Caltex was a one-third partner. In 2010, Chevron processed of crude oil. It owns and operates Five active refineries in the United States (

Richmond, CA Richmond is a city in western Contra Costa County, California, United States. The city was municipal corporation, incorporated on August 7, 1905, and has a Richmond, California City Council, city council.

, El Segundo, CA, Salt Lake City, UT,

Pascagoula, MS Pascagoula ( ) is a city in Jackson County, Mississippi, United States. It is the principal city of the Pascagoula Metropolitan Statistical Area, and is part of the Gulfport–Biloxi–Pascagoula Combined Statistical Area. The population was 22 ...

Pasadena, TX Pasadena () is a city in the U.S. state of Texas, within the metropolitan area. As of the 2020 U.S. census, the city's population was 151,950, making it the twentieth most populous city in the state of Texas, as well as the second-largest city ...

). Chevron is the non-operating partner in seven joint venture refineries, located in Australia,

, Singapore,

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

, South Korea, and New Zealand. Chevron's United States refineries are located in Gulf and Western states. Chevron also owns an asphalt refinery in Perth Amboy, New Jersey; however, since early 2008 that refinery has primarily operated as a terminal.

Chemicals

Chevron's primary chemical business is in a 50/50 joint venture with

, organized into the

Chevron Phillips Chevron Phillips Chemical Company, LLC is a petrochemical company jointly owned by Chevron Corporation and Phillips 66. The company was formed July 1, 2000 by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum ...

Chemical Company. Chevron also operates the Chevron Oronite Company, which develops, manufactures and sells fuel and lubricant additives.

Transport

Chevron Shipping Company, a wholly owned subsidiary, provides the maritime transport operations, marine consulting services and marine risk management services for Chevron Corporation. Chevron ships historically had names beginning with "Chevron", such as ''Chevron Washington'' and ''Chevron South America'', or were named after former or serving directors of the company.

Samuel Ginn Samuel Lou Ginn (born 3 April 1937), is an American businessman. Early life Samuel Lou Ginn was born on April 3, 1937 in Anniston, Alabama. He is a 1959 graduate of Auburn University's College of Engineering, and was awarded the institution's honor ...

, William E. Crain,

Kenneth Derr Kenneth T. Derr is a member of the board of directors of the Halliburton Company. He is a retired chairman of the board, Chevron Corporation (international oil company). He served as Chevron's Chairman and chief executive officer from January 1, 19 ...

, Richard Matzke and most notably

Condoleezza Rice Condoleezza Rice ( ; born November 14, 1954) is an American diplomat and political scientist who is the current director of the Hoover Institution at Stanford University. A member of the Republican Party, she previously served as the 66th Un ...

were among those honored, but the ship named after Rice was subsequently renamed as ''Altair Voyager''.

Retail

In the United States, the Chevron brand is the most widely used, at 6,880 locations as of September 2022 spread across 21 states. Chevron's highest concentration of stations branded as Chevron are in California (mostly in the

San Francisco Bay Area The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area G ...

, Central Valley, and

Greater Los Angeles Greater Los Angeles is the second-largest metropolitan region in the United States with a population of 18.5 million in 2021, encompassing five counties in Southern California extending from Ventura County in the west to San Bernardino Co ...

Las Vegas Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Veg ...

Anchorage Anchorage () is the largest city in the U.S. state of Alaska by population. With a population of 291,247 in 2020, it contains nearly 40% of the state's population. The Anchorage metropolitan area, which includes Anchorage and the neighboring ...

, the

Pacific Northwest The Pacific Northwest (sometimes Cascadia, or simply abbreviated as PNW) is a geographic region in western North America bounded by its coastal waters of the Pacific Ocean to the west and, loosely, by the Rocky Mountains to the east. Thou ...

(especially

Seattle Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest region o ...

), Phoenix,

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,7 ...

, the

Texas Triangle The Texas Triangle (also known as Texaplex) is a region of Texas which contains the state's five largest cities and is home to the majority of the state's population. The Texas Triangle is formed by the state's four main urban centers, Austin ...

, and

South Florida South Florida is the southernmost region of the U.S. state of Florida. It is one of Florida's three most commonly referred to directional regions; the other two are Central Florida and North Florida. South Florida is the southernmost part of ...

. Chevron also utilizes the

brand within the United States, though its locations are much more sparsely-spread than that of Chevron. Texaco is used at 1,346 locations across 17 states, mostly in

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

Louisiana Louisiana , group=pronunciation (French: ''La Louisiane'') is a state in the Deep South and South Central regions of the United States. It is the 20th-smallest by area and the 25th most populous of the 50 U.S. states. Louisiana is bord ...

Alabama (We dare defend our rights) , anthem = " Alabama" , image_map = Alabama in United States.svg , seat = Montgomery , LargestCity = Huntsville , LargestCounty = Baldwin County , LargestMetro = Greater Birmingham , area_total_km2 = 135,7 ...

Mississippi Mississippi () is a state in the Southeastern region of the United States, bordered to the north by Tennessee; to the east by Alabama; to the south by the Gulf of Mexico; to the southwest by Louisiana; and to the northwest by Arkansas. Miss ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

, and

Hawaii Hawaii ( ; haw, Hawaii or ) is a state in the Western United States, located in the Pacific Ocean about from the U.S. mainland. It is the only U.S. state outside North America, the only state that is an archipelago, and the only stat ...

. Additionally, Texaco licenses its brand to Valero Energy to use in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

, and over 730 Texaco stations exist in Britain. Chevron primarily uses the

brand outside of the United States, primarily in

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...

, and

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun ...

. In 2015, Chevron sold its 50% stake in Caltex Australia, while allowing the company to continue using the Caltex brand. In 2019, Chevron announced it would re-enter the Australian market by purchasing Puma Energy's operations in the country. The acquisition was completed in July 2020. Chevron relaunched the Caltex brand in Australia in 2022, after the expiration of Caltex Australia's license to use the Caltex brand.

Alternative energy

Chevron's alternative energy operations include geothermal solar, wind,

biofuel Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels, such as oil. According to the United States Energy Information Administration ...

, fuel cells, and

hydrogen Hydrogen is the chemical element with the symbol H and atomic number 1. Hydrogen is the lightest element. At standard conditions hydrogen is a gas of diatomic molecules having the formula . It is colorless, odorless, tasteless, non-to ...

. In 2021 it significally increased its use of biofuel from dairy farms, like biomethane. Chevron has claimed to be the world's largest producer of

. The company's primary geothermal operations were located in Southeast Asia, but these assets were sold in 2017. Prior, Chevron operated geothermal wells in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Gui ...

providing power to Jakarta and the surrounding area. In the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

, Chevron also operated geothermal wells at Tiwi field in Albay province, the Makiling-Banahaw field in Laguna and Quezon provinces. In 2007, Chevron and the

United States Department of Energy The United States Department of Energy (DOE) is an executive department of the U.S. federal government that oversees U.S. national energy policy and manages the research and development of nuclear power and nuclear weapons in the United States ...

National Renewable Energy Laboratory The National Renewable Energy Laboratory (NREL) in the US specializes in the research and development of renewable energy, energy efficiency, energy systems integration, and sustainable transportation. NREL is a federally funded research an ...

(NREL) started collaboration to develop and produce algae fuel, which could be converted into transportation fuels, such as

jet fuel Jet fuel or aviation turbine fuel (ATF, also abbreviated avtur) is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is colorless to straw-colored in appearance. The most commonly used fuels for commercial a ...

. In 2008, Chevron and Weyerhaeuser created Catchlight Energy LLC, which researches the conversion of cellulose-based biomass into biofuels. In 2013, the Catchlight plan was downsized due to competition with fossil fuel projects for funds. Between 2006 and 2011, Chevron contributed up to $12 million to a strategic research alliance with the Georgia Institute of Technology to develop cellulosic biofuels and to create a process to convert biomass like wood or switchgrass into fuels. Additionally, Chevron holds a 22% stake in Galveston Bay Biodiesel LP, which produces up to of renewable biodiesel fuel a year. In 2010, the Chevron announced a 740 kW

photovoltaic Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially ...

demonstration project in

Bakersfield, California Bakersfield is a city in Kern County, California, United States. It is the county seat and largest city of Kern County. The city covers about near the southern end of the San Joaquin Valley and the Central Valley region. Bakersfield's populat ...

, called Project Brightfield, for exploring possibilities to use

solar power Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovolta ...

for powering Chevron's facilities. It consists of technologies from seven companies, which Chevron is evaluating for large-scale use. In

Fellows, California Fellows is a census-designated place (CDP) in Kern County, California, United States. Fellows is located west-northwest of Taft, at an elevation of . The population was 106 at the 2010 census, down from 153 at the 2000 census. Fellows is surro ...

, Chevron has invested in the 500 kW Solarmine photovoltaic solar project, which supplies daytime power to the Midway-Sunset Oil Field. In Questa, Chevron has built a 1 MW concentrated photovoltaic plant that comprises 173 solar arrays, which use Fresnel lenses. In October 2011, Chevron launched a 29-MW thermal solar-to-steam facility in the

Coalinga Field The Coalinga Oil Field is a large oil field in western Fresno County, California, in the United States. It surrounds the town of Coalinga, about halfway between Los Angeles and San Francisco, to the west of Interstate 5, at the foot of the Diablo ...

to produce the steam for

enhanced oil recovery Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted otherwise. EOR can extract 30% to 60% or more of a reservoir's oil, compared to 20% to 40% using ...

. As of 2012, the project is the largest of its kind in the world. In 2014, Chevron began reducing its investment in renewable energy technologies, reducing headcount and selling alternative energy-related assets. In 2015, the Shell Canada Quest Energy project was launched of which Chevron Canada Limited holds a 20% share. The project is based within the Athabasca Oil Sands Project near Fort McMurray, Alberta. It is the world's first CCS project on a commercial-scale.

Corporate affairs

Finances

For the fiscal year 2011, Chevron reported earnings of 26.9 billion, with an annual revenue of 257.3 billion, an increase of 23.3% over the previous fiscal cycle. Chevron's shares traded at over $105 per share, and its market capitalization was valued at over 240 billion. As of 2018, Chevron is ranked No. 13 on the

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ...

rankings of the largest United States corporations by total revenue.

Headquarters and Offices

California

Chevron's corporate headquarters were located in a 92-acre campus in

located at 6001 Bollinger Canyon Road. The company moved there in 2002 from its earlier headquarters at

555 Market Street Market Center, formerly known as the Standard Oil Buildings and later the Chevron Towers, is a complex comprising two skyscrapers at 555–575 Market Street in the Financial District of downtown San Francisco, California. It served as the head ...

in San Francisco, California, the city where it had been located since its inception in 1879. Chevron sold its San Ramon headquarters to the local Sunset Development Co. in September 2022, from whom it originally bought the land which the Bollinger Canyon Road headquarters today stand, and is planning to lease space in San Ramon's

Bishop Ranch Bishop Ranch is a large business park in San Ramon, California. Tenants include AT&T, Chevron, Bank of the West, PG&E, Robert Half International, Ford Motor Company, SAP, General Electric, and JPMorgan Chase. Over 30,000 employees work in Bisho ...

, also owned by Sunset, as its new headquarters.

Texas

Chevron operates from office towers in

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 ...

, Texas, where it purchased

1500 Louisiana Street 1500 Louisiana Street, formerly Enron Center South, is a 600 ft (183m) tall skyscraper in Houston, Texas. It was completed in 2002 and has 40 floors and a total building area of 1,284,013sq.ft. It is the 17th tallest building in the city and ...

and 1400 Smith Street, the former headquarters of failed Texas energy giant

Enron Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional compani ...

. Chevron also planned a new office tower in downtown Houston next to its existing properties at 1600 Louisiana Street. The building will stand 50-stories and 832 feet. Upon its completion, it would be the fourth tallest building in Houston and the first 50-story building constructed there in nearly 30 years. However, the contract with the state government of Texas that Chevron made did not require that Chevron follow through with the plans and build the office tower, and as such, Chevron announced in 2016 it had no plans to build the tower, which currently remains undeveloped as of July 2022. Upon Chevron announcing that it was selling its San Ramon headquarters in 2022 and offered to cover moving costs for employees who wishes to relocate to Texas, though, interest sparked in Chevron potentially following through with building a tower at 1600 Louisiana.

Advertising and "Human Energy"

Chevron today is well known for its slogan "the human energy company", a campaign first launched in 2007. In a corporate blog, Chevron states "human energy" was chosen as their campaign's slogan and focus because "human energy captures our positive spirit in delivering energy to a rapidly changing world".

Political contributions

Since January 2011 Chevron has contributed almost $15 million on Washington lobbying. On October 7, 2012, Chevron donated $2.5 million to the Republican

Congressional Leadership Fund The Congressional Leadership Fund (CLF) is a Super PAC dedicated to electing Republicans to the U.S. House of Representatives. The Super PAC, which was closely linked to former House Speaker John Boehner and House GOP leadership, was founded in ...

super

PAC Pac or PAC may refer to: Military * Rapid Deployment Force (Malaysia), an armed forces unit * Patriot Advanced Capability, of the MIM-104 Patriot missile * Civil Defense Patrols (''Patrullas de Autodefensa Civil''), Guatemalan militia and paramil ...

that is closely tied to former House Speaker

John Boehner John Andrew Boehner ( ; born , 1949) is an American retired politician who served as the 53rd speaker of the United States House of Representatives from 2011 to 2015. A member of the Republican Party, he served 13 terms as the U.S. represe ...

. According to watchdog group Documented, in 2020 Chevron contributed $50,000 to the Rule of Law Defense Fund, a fund-raising arm of the Republican Attorneys General Association.

Board of directors

Wanda Austin Wanda M. Austin (born 1954) is a former president and CEO of The Aerospace Corporation. She was both the first woman, and the first African-American, to hold this position. Austin also served as interim president for the University of Southern Ca ...

John B. Frank John Bernkopf Frank (born 1956) is the Vice Chairman of Oaktree Capital Management, having previously served as Managing Principal. Early life John Bernkopf Frank was born in 1956, the son of Sally (née Bernkopf) and Howard A. Frank. His father ...

Alice P. Gast Alice Petry Gast (born May 25, 1958) is an American researcher, was the 16th president of Imperial College London, and sits on the board of directors of Chevron. Gast was named one of the top 100 "Modern Era" engineers in the US under the cate ...

Enrique Hernandez Jr. Enrique Hernandez Jr. (born November 2, 1955) is an American lawyer and business executive. He is president and chief executive officer (CEO) of Inter-Con Security Systems, Inc., and a director of Wells Fargo & Company. He has been the non-exe ...

Marillyn Hewson Marillyn Adams Hewson (born December 27, 1953) is an American businesswoman who served as the chairman, president and chief executive officer (CEO) of Lockheed Martin from January 2013 to June 2020. She is currently the strategic advisor to the ...

Jon M. Huntsman Jr. Jon Meade Huntsman Jr. (born March 26, 1960) is an American businessman, diplomat and politician who served as the 16th Governor of Utah from 2005 to 2009. A member of the Republican Party, he served as the Ambassador of the United States to ...

Charles Moorman Charles Wickliffe "Wick" Moorman IV (born 1952) is an American businessman and railroader. Moorman is currently a consultant with Amtrak, where he formerly served as president and CEO as well as co-CEO. Prior to his hiring by Amtrak, Moorman ser ...

Dambisa Moyo Dambisa Felicia Moyo, Baroness Moyo (born 2 February 1969)Moyo showed a copy of an official document with her date and place of birth as part of a lecture she gave at TEDGlobal 2013, Edinburgh, Scotland. is a Zambian-born economist and author ...

* Debra Reed-Klages *

Ronald Sugar Ronald D. Sugar (born July 30, 1948) is an American business executive. He served as the chairman of the board and chief executive officer of the Northrop Grumman Corporation from 2003 to 2009. On August 1, 2018 he was unanimously elected as ind ...

Lead Director * Inge Thulin *

Jim Umpleby D. James Umpleby III is an American businessman. He became the CEO of Caterpillar Inc. as of January 2017, and chairman of the Caterpillar board of directors in December 2018. Biography Early life and education Umpleby was raised in Highland, I ...

* Mike Wirth (Chairman & CEO)

is a former member of the board of directors, and also headed Chevron's committee on public policy until she resigned on January 15, 2001, to become National Security Advisor to President George W. Bush. Chevron's current CEO is Mike Wirth, succeeding John Watson after a ten year term.

Controversies

Chevron has been widely criticized and attacked for scandals, accidents, and activities mostly related to

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to ...

. Chevron's most widely-known scandal involves Texaco's activities in the

, which Chevron is deemed responsible for due to its acquisition of Texaco in 2001. Chevron has been most widely criticized for its handling of litigation against it filed by residents of the Lago Agrio region, which included what activists see as the "jailing" of Lago Agrio lawyer

. Protestors also frequently hold an annual Anti-Chevron day, usually held within a week of Chevron's annual meeting of shareholders.

Chevron and computer games

In the summer of 1992,

Maxis Maxis is an American video game developer and a division of Electronic Arts (EA). The studio was founded in 1987 by Will Wright and Jeff Braun, and acquired by EA in 1997. Maxis is best known for its simulation games, including '' The Sims ...

, the creators of SimCity, started a division within their company called Maxis Business Simulations (MBS), which was responsible for making serious professional simulations that looked and played like Maxis games. The first project for MBS was to make a game about an oil refinery for Chevron, eventually named

SimRefinery ''SimRefinery'' is a computer management simulation game designed to simulate Chevron's Richmond refinery operation. It was developed by the Maxis Business Simulations division of Maxis in 1993. John Hiles, who was the head of the Maxis divisio ...

. Since oil refineries are incredibly complicated process plants, Chevron wanted Maxis to make them a game like SimCity, as a training tool to teach employees at their oil refinery in Richmond, California how the refinery worked. SimRefinery was finished in the fall of 1992 and handed over to Chevron. While Chevron's training specialists praised the game's training effectiveness, SimRefinery did not get widespread use within the company and was eventually discontinued. In June 2020, a working copy of SimRefinery was recovered and uploaded to the

Internet Archive The Internet Archive is an American digital library with the stated mission of "universal access to all knowledge". It provides free public access to collections of digitized materials, including websites, software applications/games, music, ...

, giving the public their first chance to play the historic game.

Notes

References

External links

* {{Authority control Multinational oil companies Oil companies of the United States Chemical companies of the United States Algal fuel producers Automotive fuel retailers Gas stations in Canada Gas stations in the United States Companies based in San Ramon, California Automotive companies of the United States Multinational companies headquartered in the United States Petroleum in California Companies in the Dow Jones Industrial Average Companies listed on the New York Stock Exchange Retail companies established in 1879 Non-renewable resource companies established in 1879 American companies established in 1879 1879 establishments in California Corporate crime

History

Predecessors

Formation of the Chevron name

Merger with Texaco and post-merger

Corporate image

Logo evolution

Operations

Upstream

Midstream

Downstream

Refining

Chemicals

Transport

Retail

Alternative energy

Corporate affairs

Finances

Headquarters and Offices

California

Texas

Advertising and "Human Energy"

Political contributions

Board of directors

Controversies

Chevron and computer games

See also

Notes

References

External links