Chevron

Chevron
General information: 

Chevron is one of the world’s leading integrated energy companies. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide renewable energy and energy efficiency solutions; and develop the energy resources of the future, including research into advanced biofuels.

Company Roots

We trace our beginnings to an 1879 oil discovery at Pico Canyon, north of Los Angeles, which led to the formation of the Pacific Coast Oil Co. That company later became Standard Oil Co. of California and, subsequently, Chevron. We took on the name Chevron when we acquired Gulf Oil Corporation in 1984, which nearly doubled our worldwide proved crude oil and natural gas reserves. Our merger with Gulf was then the largest in U.S. history.

Another major branch of the family tree is The Texas Fuel Company, formed in Beaumont, Texas, in 1901. It later became known as The Texas Company and, eventually, Texaco. In 2001, our two companies merged. The acquisition of Unocal Corporation in 2005 strengthened Chevron’s position as an energy industry leader, increasing our crude oil and natural gas assets around the world.

Global Scope

Our diverse and highly skilled global workforce consists of approximately 64,500 employees, including more than 3,200 service station employees.

In 2013, Chevron’s average net production was nearly 2.6 million oil-equivalent barrels per day. About 75 percent of that production occurred outside the United States. Chevron had a global refining capacity of 1.96 million barrels of oil per day at the end of 2013.

Our marketing network supports retail outlets on five continents.

Technology and Emerging Energy

We focus on technologies that improve our ability to find, develop and produce crude oil and natural gas from conventional and unconventional resources.

We also invest in the development of emerging energy technologies, such as finding better ways to make nonfood-based biofuels, piloting advanced solar technology for our operations and expanding our renewable energy resources.

Environment and Safety

As a company and as individuals, we take great pride in contributing to the communities where we live and work.

We also care about the environment and are proud of the many ways in which our employees work to safeguard it.

Our persistent efforts to improve on our safe work environment continue to pay off. In 2013, we achieved world-class performance in the days-away-from-work metric for both Upstream and Downstream operations.

Our Work

We recognize that the world needs all the energy we can develop, in every potential form. That’s why our employees work to responsibly develop the affordable, reliable energy the world needs.

Join us and help create the future of energy

Chevron seeks people who are driven to find cleaner, smarter ways to power the world. People like you. Turn your ideas into solutions. Discover all the places you can work, all the diverse people you can collaborate with and all the global issues you can help solve. We invite you to explore it all.

Imagine a global career with endless opportunities

Chevron offers a truly global and collaborative work experience. You'll team up with some of the best and brightest people in locations around the world using leading edge technology to create energy solutions. And you'll discover a world of extraordinary opportunity, challenge and fulfillment where you can pursue goals, develop new skills, change career paths, and explore new horizons.

Updated: May 2014

6001 Bollinger Canyon Road
San Ramon, CA 94583
Company information: 
Industry: 
Upstream, Exploration & Development, Upstream, Drilling, Completions & Production, Downstream, Refining & Processing, Downstream, Distribution Retail Channels
Active in following regions: 
Australia, Kurdistan (Iraq), Argentina, Canada, China, Europe, Eastern, United States, Angola, Brazil, Nigeria, Kazakhstan, Russia, Congo, United Kingdom, South Korea
FAQ: 
Did you Know?
Global Snapshot • Second-largest integrated energy company headquartered in the United States and among the largest corporations in the world, based on market capitalization as of Dec. 31, 2013 • Business activities around the world • Diverse and highly skilled global workforce consists of approximately 64,500 employees, including more than 3,200 service station employees • Capital and exploratory expenditures – Invested $41.9 billion in 2013; announced 2014 projected outlays of $39.8 billion, with continued focus on exploration and production Financial Highlights • Sales and other operating revenues – $220 billion • Net income attributable to Chevron Corporation – $21 billion, or $11.09 per share, diluted • Return on capital employed – 13.5 percent • Return on stockholders’ equity – 15 percent • Cash dividends – $3.90 per share Accomplishments Upstream • Exploration – Achieved an exploration drilling success rate of 59 percent. Announced two natural gas discoveries in the Carnarvon Basin offshore Western Australia, supporting the company’s long-term growth plan for its liquefied natural gas (LNG) projects. Discovered crude oil at the Coronado prospect in the deepwater Gulf of Mexico. Began drilling in the Rovi and Sarta blocks in the Kurdistan Region of Iraq. Continued shale oil and natural gas drilling programs in Argentina, Canada, China, Eastern Europe and the United States. • Acquisitions – Signed agreements advancing the development of the Vaca Muerta Shale in Argentina. Added deepwater acreage in Brazil. Acquired interest in a production-sharing contract in the Kurdistan Region of Iraq. Added unconventional acreage in Australia, Canada and the Permian Basin. Acquired a 50 percent-owned and operated interest in the Kitimat LNG Project in Canada. • Production – Produced 2.597 million net oil-equivalent barrels per day, with about 75 percent of the volume outside the United States in more than 20 different countries. • Major projects – Continued progress on the company’s development projects to deliver future production growth. • Achieved first LNG shipment from the Angola LNG Project. • Achieved first production at the North Rankin 2 Project in Australia, the Papa-Terra Project in Brazil and the Tahiti 2 Project in the U.S. Gulf of Mexico. • Continued to ramp up production at the Usan Project in Nigeria, in the Marcellus Shale in western • Pennsylvania and in the Delaware Basin in New Mexico. • Continued work on the expansion of the Caspian pipeline in Kazakhstan and Russia. • Advanced construction of the Gorgon and Wheatstone projects in Australia, reaching approximately 75 percent and 25 percent complete, respectively, at year-end 2013. • Executed binding sales agreements for the delivery of additional LNG from the Wheatstone Project. • Reached final investment decisions on the Moho Nord Project in the Republic of the Congo and the Alder development in the United Kingdom. Downstream • Started commercial operations of a 53,000-barrel-per-day gas-oil fluid catalytic cracking unit at the 50 percent-owned Yeosu Refinery in South Korea. • Advanced construction on a 25,000-barrel-per-day base-oil plant at the Pascagoula Refinery in the United States. • Announced final investment decision on a 50 percent-owned $6 billion project in Texas that includes an ethane cracker with an annual design capacity of 1.5 million metric tons and two polyethylene units, each with an annual design capacity of 500,000 metric tons. Corporate Strategies • Financial-return objective – Create shareholder value and achieve sustained financial returns from operations that will enable Chevron to outperform its competitors. • Enterprise strategies – Invest in people to strengthen organizational capability and develop a talented global workforce that gets results the right way. Execute with excellence through rigorous application of the company’s operational excellence and capital stewardship systems and disciplined cost management. Grow profitably by using competitive advantages to maximize value from existing assets and capture new opportunities. • Major business strategies – Upstream: Grow profitably in core areas and build new legacy positions. Downstream: Deliver competitive returns and grow earnings across the value chain. Gas and Midstream: Apply commercial excellence to enable success of upstream and downstream strategies. Technology: Differentiate performance through technology; invest in profitable renewable energy and energy efficiency solutions. Updated: May 2014

Address Information

6001 Bollinger Canyon Road
San Ramon, CA 94583