Chevron (NYSE:CVX) is an integrated energy company engaged in every aspect of the oil, natural gas and geothermal energy industries. Founded in 1879 as the Pacific Coast Oil Company, it later became part of Standard Oil of California before adopting the Chevron name in 1984. The company’s core activities span upstream exploration and production, downstream refining and marketing, and the manufacture of petrochemicals. Headquartered in San Ramon, California, Chevron has grown through strategic acquisitions and partnerships to become one of the world’s leading energy firms.
In its upstream segment, Chevron explores for and produces crude oil and natural gas onshore and offshore in locations that include the Gulf of Mexico, West Africa, the Asia-Pacific region and Latin America. The company employs seismic imaging and enhanced oil recovery techniques to maximize output from existing fields, while also investing in deepwater projects and emerging shale plays. Chevron holds significant interests in major oil and gas projects such as the Tengiz in Kazakhstan and the Gorgon LNG project in Australia, underscoring its commitment to maintaining a robust reserve base.
The downstream operations encompass refining, marketing and transportation of petroleum products. Chevron refines crude oil at facilities in the United States, Asia and Europe, producing fuels, lubricants and specialty products under the Chevron, Texaco and Caltex brands. Its marketing network includes thousands of retail stations worldwide, supplying gasoline, diesel fuel and convenience store offerings. In addition, the company’s Chevron Phillips Chemical joint venture manufactures petrochemicals used in automotive, packaging, construction and agricultural applications, further diversifying its product portfolio.
Chevron serves customers in more than 180 countries through a combination of wholly owned subsidiaries and joint ventures. The company has a growing focus on lower-carbon energy solutions, including investments in renewable natural gas, hydrogen and carbon capture technologies. Michael K. Wirth serves as Chairman and Chief Executive Officer, overseeing a leadership team committed to operational excellence, safety and sustainability. Under his guidance, Chevron continues to adapt to evolving energy markets while leveraging its technological strengths and global footprint.
