Chevron Corporation
American multinational energy corporation operating in oil and gas exploration, production, refining, and marketing worldwide.
Company Type
public
Founded
1879
Headquarters
San Ramon, California, USA
Stock
NYSE: CVX
About Chevron Corporation
Chevron operates through several key business segments focused on integrated energy operations. The Upstream segment engages in oil and natural gas exploration, development, and production. The company has significant operations in the United States, including the Gulf of Mexico, Permian Basin, and other major producing regions.
The Downstream segment includes refining, marketing, and transportation operations. Chevron operates refineries in the United States and internationally, producing gasoline, diesel fuel, jet fuel, and other refined products. The company markets its products through the Chevron and Texaco brands.
Chevron also has investments in alternative energy and chemicals. The company produces lubricants, additives, and petrochemicals, and has been expanding its renewable energy portfolio with investments in biofuels, hydrogen, and carbon capture technologies.
Chevron employs approximately 46,000 people worldwide and generates annual revenues exceeding $200 billion. The company operates in over 180 countries and maintains some of the largest proven oil and gas reserves globally.
History of Chevron Corporation
Chevron traces its origins to 1879 when Pacific Coast Oil Company was founded in California. The company was acquired by Standard Oil in 1900 and operated as Standard Oil of California until the breakup of Standard Oil in 1911. The company adopted the name Chevron in 1984, though the distinctive Chevron logo had been used since the 1930s.
Throughout the 20th century, Chevron expanded through exploration and acquisitions. The company discovered major oil fields in California, Texas, and the Gulf of Mexico. In 1984, Chevron acquired Gulf Oil Corporation in a $13.3 billion deal, significantly expanding its operations and reserves.
The most significant transformation came in 2000 when Chevron merged with Texaco in a $45 billion deal, creating ChevronTexaco. The company reverted to the Chevron name in 2005, while maintaining the Texaco brand in certain markets. The merger created one of the largest integrated energy companies in the world.
Throughout the 2000s and 2010s, Chevron expanded its international operations, particularly in Asia, Africa, and Latin America. The company has also invested in alternative energy sources, including biofuels and renewable energy projects, while maintaining its core focus on oil and gas operations.
Brands Owned by Chevron Corporation
Chevron Corporation owns 2 brands in our database.
Caltex
Owned by Chevron Corporation
International fuel and convenience store brand operating primarily in Asia-Pacific, Africa, and Middle East markets, known for petroleum products and retail services.
fuel-stationspetroleum-productsinternational-brands
Texaco
Owned by Chevron Corporation
American fuel and convenience store brand known for its distinctive red star logo, gasoline stations, and automotive products across the United States and select international markets.
fuel-stationsgasolineconvenience-stores
Stock Information
Chevron Corporation Ownership: Pros & Cons
Advantages
- +Integrated business model providing stability across energy price cycles
- +Massive scale and global presence in oil and gas markets
- +Strong technical expertise in exploration and production
- +Significant reserves and long-term resource base
- +Leading position in lubricants and specialty products
Considerations
- -Vulnerability to energy price volatility and market cycles
- -Environmental concerns and climate change regulations
- -Transition to renewable energy posing long-term challenges
- -Regulatory scrutiny over environmental practices
- -Geopolitical risks affecting global operations
Frequently Asked Questions About Chevron Corporation
Is Chevron a subsidiary of another company?
Chevron is an independent, publicly traded corporation with no parent company. The company operates independently with its own management structure and board of directors, though it was formed through the merger of Chevron and Texaco in 2000.
Is Chevron publicly traded?
Yes, Chevron is publicly traded on the New York Stock Exchange under the ticker symbol CVX. The company has been publicly traded since its early days as Standard Oil of California, with continuous public trading through its various corporate forms.
When was Chevron founded?
Chevron traces its origins to 1879 with the founding of Pacific Coast Oil Company. The company adopted the Chevron name in 1984, though the Chevron brand and logo had been used since the 1930s when the company was part of Standard Oil of California.
Who founded Chevron?
The original Pacific Coast Oil Company was founded by several California entrepreneurs in 1879. The modern Chevron was created through the merger of Chevron and Texaco in 2000, bringing together two established energy companies.
What is Chevron's market position?
Chevron is one of the largest energy companies globally by market capitalization and revenue. The company maintains leading positions in oil and gas exploration, production, and refining, with significant operations worldwide and a strong portfolio of international assets.
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