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| Type | Public (NYSE: CVX) |
| Founded | 1879 (Pico Canyon, California) |
| Headquarters | San Ramon, California, USA |
| Key people | David J. O'Reilly, CEO & Chairman Steve Crowe, CFO |
| Industry | Oil and Gasoline |
| Products | Petrochemical |
| Revenue | ▲US$210. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Year 1879 ( MDCCCLXXIX) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common San Ramon (from Spanish San Ramón meaning St Raymond is a city in Contra Costa County, California, United States. The United States of America —commonly referred to as the David J O'Reilly (born January 1947 in Dublin, Ireland) is the chairman and CEO of Chevron Corporation. Steve Crowe (born 1947 is currently the Chief financial officer and vice president of finance for Chevron Corporation. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" These are lists of petroleum companies. List of companies by size of oil reserves A list of the largest petroleum companies is always somewhat arbitrary as state-owned companies In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Petrochemicals are chemical products made from raw materials of Petroleum or other Hydrocarbon origin In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 78 Billion (2007)[1] |
| Net income | ▲US$18. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 69 Billion (2007)[2] |
| Employees | 62,000 (2006) |
| Website | www.chevron.com |
Chevron Corporation (NYSE: CVX) is the world's fifth largest global energy company. Employment is a Contract between two parties, one being the employer and the other being the employee. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. In Physics and other Sciences energy (from the Greek grc ἐνέργεια - Energeia, "activity operation" from grc ἐνεργός A corporation is a separate legal entity usually used to conduct business Headquartered in San Ramon, California, USA and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. San Ramon (from Spanish San Ramón meaning St Raymond is a city in Contra Costa County, California, United States. The United States of America —commonly referred to as the Petroleum ( L petroleum, from Greek πετρέλαιον, lit This page is about the physical properties of gas as a state of matter Petroleum ( L petroleum, from Greek πετρέλαιον, lit Refining (also called affining) is the process of Purification of a substance. Electricity generation is the process of converting non-electrical Energy to Electricity. Chevron is one of the world's six "supermajor" oil companies. The term supermajor illustrates the six largest non state-owned energy companies as seen in popular financial mediums around the world
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Chevron was originally known as Standard Oil of California, or Socal, and was formed amid the antitrust breakup of Standard Oil in 1911. Standard Oil was a predominant American integrated oil producing transporting refining and marketing company It was one of the "Seven Sisters" that dominated the world oil industry during the early 20th century. The Seven Sisters of the Petroleum industry is a term coined by an Italian entrepreneur Enrico Mattei, that refers to seven oil companies that dominated mid In 1933, Saudi Arabia granted Socal a concession to find oil, which finally occurred in 1938 when the largest oil field on earth was discovered. The Kingdom of Saudi Arabia, KSA ( المملكة العربية السعودية, al-Mamlaka al-ʻArabiyya as-Suʻūdiyya) or Suudi Socal's subsidiary California-Arabian Standard Oil Company evolved over the years, becoming 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, the name was changed to Saudi Arabian Oil Company (Saudi Aramco). Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude
In 1984, the merger between Chevron and Gulf Oil became the largest merger in world history at the time. Year 1984 ( MCMLXXXIV) was a Leap year starting on Sunday (link displays the 1984 Gregorian calendar) Gulf Oil was a major global oil company from the 1900s to the 1980s Because of its size, Gulf divested many of its worldwide operating subsidiaries and sold some Gulf stations and a refinery in the eastern United States to satisfy US antitrust requirements. As part of the merger, Socal rebranded to become Chevron Corporation. [3]
In June 1998 Dynegy Inc. Dynegy Inc ( based in Houston, Texas, is a large owner and operator of Power plants and a player in the Natural gas liquids and Coal (NYSE: DYN) was created from the merger of Chevron's former natural gas and natural gas liquids businesses with Dynegy's predecessor, NGC Corp. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. (formerly NYSE: NGL). The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. NGC had been an integrated natural gas services company around since 1994. [4]
In a merger completed February 1, 2000, Illinova Corp. Events 1327 - Teenaged Edward III is crowned King of England, but the country is ruled by his mother Queen 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. (formerly NYSE: ILN) became a wholly-owned subsidiary of Dynegy Inc. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. , in which Chevron also took a 28% stake. [4]
In 2001, the former Chevron corporation merged with Texaco to form ChevronTexaco. Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Texaco is the name of an American oil retail brand Its flagship product is its fuel "Texaco with Techron" It was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush. George Walker Bush ( born July 6 1946 is the forty-third and current President of the United States. [5] [6] [7]
On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Events 1457 BC - Battle of Megiddo (15th century BC between Thutmose III and a large Canaanite coalition under the King of Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. A moniker (or " monicker " is a Slang expression for a Nickname, Pseudonym, or Cognomen. Texaco will remain as a brand under the Chevron Corporation. On August 19, 2005, Chevron merged with the Unocal Corporation, a move which, because of Unocal's large South East Asian geothermal operations, made Chevron the largest producer of geothermal energy in the world. Events 43 BC - Octavian, later known as Augustus compels the Roman Senate to elect him Consul. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Union Oil Company of California dba Unocal is a defunct company that was a major petroleum explorer and marketer in the late 19th century through the 20th century and into the early Geothermal power (from the Greek roots geo, meaning earth and therme, meaning heat is energy generated by heat stored in the earth or the collection [8]
Chevron employs approximately 59,000 people worldwide (of which 27,000 are U. San Ramon (from Spanish San Ramón meaning St Raymond is a city in Contra Costa County, California, United States. S. -based) and had approximately 12 billion barrels (1. 9 km³) of oil-equivalent net proved reserves at December 31, 2003. Events 406 – Vandals, Alans and Suebians cross the Rhine, beginning an invasion of Gallia. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Daily production in 2003 was 2. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. 5 million net oil-equivalent barrels (400,000 m³) per day. In addition, the company had a global refining capacity at year-end 2003 of 2. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. 2 million barrels (350,000 m³) of crude oil per day. Petroleum ( L petroleum, from Greek πετρέλαιον, lit The company has a worldwide marketing network in 84 countries with approximately 24,000 retail sites, including those of affiliate companies. The company also has interests in 13 power generating assets in the United States, Asia, and Europe. Electricity generation is the process of converting non-electrical Energy to Electricity. The United States of America —commonly referred to as the Chevron also has gas stations in Western Canada. Western Canada, commonly referred to as the West, is a region of Canada normally including all parts of Canada west of the province
The company marked its 125th anniversary in 2004, tracing its roots to an oil discovery at Pico Canyon, north of Los Angeles. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Petroleum ( L petroleum, from Greek πετρέλαιον, lit This find led to the formation, in 1879, of the Pacific Coast Oil Company, the predecessor of Chevron Corporation. Year 1879 ( MDCCCLXXIX) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common Another side of the genealogical chart points to the 1901 founding of The Texas Fuel Company, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. Year 1901 ( MCMI) was a Common year starting on Tuesday (link will display calendar of the Gregorian calendar (or a Common year starting Beaumont is a city in and the County seat of Jefferson County, Texas, United States, within the Beaumont&ndash Port Arthur Metropolitan This company would later become known as Texaco. Texaco is the name of an American oil retail brand Its flagship product is its fuel "Texaco with Techron"
Chevron was headquartered in San Francisco for nearly a century before it relocated its headquarters across the bay to San Ramon CA. The City and County of San Francisco is the fourth most populous city San Francisco Bay is a shallow productive Estuary through which water draining from approximately forty percent of California, flowing in the Sacramento San Ramon (from Spanish San Ramón meaning St Raymond is a city in Contra Costa County, California, United States. Chevron's headquarters buildings at 555 and 575 Market Street, built in the mid-1960s, in San Francisco were sold in December 1999. Market Street is a major street and important Thoroughfare in San Francisco California. [1] Its original headquarters were at 200 Bush St. , built in 1912. [2] Now, their headquarters are at 6001 Bollinger Canyon Road, San Ramon, CA.
Chevron is the owner of the Standard Oil trademark in a 16-state area of the western and southeastern United States. Fort Worth is the fifth-largest city in the state of Texas and the seventeenth-largest city in the United States. Standard Oil was a predominant American integrated oil producing transporting refining and marketing company To maintain ownership of the mark, the company owns and operates one Standard-branded Chevron station in each state of its area. [3] Chevron also is currently the owner of the trademark rights to Texaco brand gasoline. Texaco fuels are now supplied by Chevron's network of wholesalers.
Chevron is the only brand of gas used by several automakers when testing vehicles, including General Motors and Toyota. General Motors Corporation ( GM) ( is a multinational automobile manufacturer founded in 1908 and headquartered in the United States. (pronounced) is a Multinational corporation headquartered in Japan, and is currently the world's largest Automaker. (Ford does as well despite a strategic alliance with BP. Ford Motor Company is an American Multinational corporation and the world's fourth largest automaker based on Worldwide vehicle sales, following BP plc, previously known as British Petroleum, is the third largest global Energy company, a multinational oil company (" Oil major ) Chevron also has often had one of the highest brand loyalty rates for gasoline in America, with only Shell and BP (through Amoco) having equally high rates. The American Oil Company, or Amoco, also known as Standard Oil of Indiana, was a global Chemical and oil company founded in Baltimore in
Chevron Shipping Company is a wholly owned subsidiary company which handles the maritime transport operation for Chevron Corporation. The fleet comprises crude oil and product tankers as well as three gas tankers operated by Chevron Shipping for other companies. The fleet is divided into two sections: The US fleet transports oil products from Chevron refineries to customers in the US. The United States of America —commonly referred to as the A refinery is composed of a group of Chemical engineering unit processes and Unit operations used for Refining certain materials or converting The ships are manned by US citizens and are flagged in the US. The International fleet vessels are flagged in the Bahamas and have officers and crews from many different nations. The Bahamas, officially the Commonwealth of The Bahamas, is an independent sovereign English -speaking country consisting of two thousand Cays and The largest ships are 308,000 tonne VLCCs. History The technology of oil transportation has evolved alongside the oil industry The job of the international fleet is to transport crude oil from the oilfields to the refineries. The international fleet mans two LPG tankers and one LNG tanker. Not to be confused with Natural Gas Liquids (NGL Liquefied natural gas or LNG is Natural gas (primarily Methane, CH4
Chevron ships originally had names beginning with "Chevron", such as the Chevron Washington and Chevron South America, or were named after former or serving Directors of the company. Samuel Ginn, William E Crain and most notably Condoleezza Rice were amongst those honored, but controversy led to its being renamed Altair Voyager. Condoleezza Rice (born November 14 1954 is the 66th United States [9] All the ships were renamed in 2001 to reflect the corporate merger with Texaco. Texaco is the name of an American oil retail brand Its flagship product is its fuel "Texaco with Techron" The International fleet ships are all named after celestial bodies or constellations (Orion Voyager, Altair Voyager etc) and the US ships are named after states (Washington Voyager, Colorado Voyager etc).
The company also develops, and commercializes advanced energy technologies, including fuel cells, photovoltaics, and advanced batteries, and has said it is active in research and development efforts to utilize hydrogen as a fuel for transport and power. A fuel cell is an electrochemical conversion device It produces electricity from Fuel (on the Anode side and an oxidant (on the A solar cell or photovoltaic cell is a device that converts Solar energy into Electricity by the photovoltaic effect. Hydrogen (ˈhaɪdrədʒən is the Chemical element with Atomic number 1 Fuel is any material that is burned or altered in order to obtain energy Transport or transportation is the movement of people and goods from one place to another Electric power is defined as the rate at which Electrical energy is transferred by an Electric circuit.
Chevron is investing $300M USD a year into alternative fuel sources, and has created a biofuels business unit. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been [10][11]
Chevron Corporation and US-DOE's National Renewable Energy Laboratory (NREL) announced that they had entered into a collaborative research and development agreement to produce biofuels from algae. The United States Department of Energy ( DOE) is a Cabinet -level department of the United States government responsible for energy policy The National Renewable Energy Laboratory (NREL located in Golden Colorado, as part of the U See also Algology Algae fuel, also called algal fuel, oilgae, algaeoleum or third generation biofuel, is a Biofuel Under the agreement, Chevron and NREL scientists will collaborate to identify and develop algae strains that can be economically harvested and processed into transportation fuels such as jet fuel. Jet fuel is a type of Aviation fuel designed for use in Aircraft powered by gas-turbine engines. [12]
Companies in the petroleum-based energy industry generally draw a wide range of criticism, and are often referred to as Big Oil. Petroleum ( L petroleum, from Greek πετρέλαιον, lit The term supermajor illustrates the six largest non state-owned energy companies as seen in popular financial mediums around the world Because of the inelasticity of the demand of petroleum and the high risk nature of operations abroad, the companies involved in the industry have been accused of playing a large role in influencing economic and foreign policies in nations across the globe. Foreign Policy is a bimonthly American Magazine founded in 1970 by Samuel P Some criticism is directed at the industry in general, in that the burning of fossil fuels contributes to air pollution and global warming, and that extractive operations spoil natural landscapes. Air pollution is the human introduction into the atmosphere of Chemicals Particulate matter, or Biological materials that cause harm or discomfort Global warming is the increase in the average measured temperature of the Large energy companies are often suspected of resisting alternative energy, for example buying patents to new technological advances to stop more energy efficient modes of transport. Alternative energy is typically defined as coming from sources that do not deplete natural resources or harm.
Chevron Corporation in particular is allegedly responsible for severe ecological destruction. Texaco, which became part of Chevron in 2001, dumped over 18 billion gallons of toxic wastewater into the Amazon rainforests from 1964-1992, in what has become known as the “rainforest Chernobyl,” and is often considered one of the world’s worst ecological catastrophes. [13][14][15] Various Ecuadorian groups have sued Chevron for its activities, arguing it purposefully misrepresented its activities in the rainforest. Chevron’s attorneys maintain they are being victimized by profit-seeking plaintiffs. [16] The lawsuit is led by Pablo Fajardo, who recently won a CNN Heroes award for his work. Pablo Fajardo Mendoza (often Pablo Fajardo) is an Ecuadorian native who was raised in extreme poverty [17] Pablo Fajardo and Luis Yanza were also awarded the Goldman Environmental Prize for their work in this case, the most prestigious environmental prize in the world. [18] In April 2008, a court-appointed expert submitted a report to the judge in the Ecuadorian trial recommending that Chevron be held liable for damages between $7 billion and $16 billion. [19] The larger estimate reflects an "unjust enrichment" penalty based on the finding that Texaco saved approximately $8. 3 billion by using substandard environmental controls. [20]
A separate lawsuit was dismissed from US courts when it was found that "they [the plaintiffs] revealed in depositions that they didn't actually have cancer, or that the family members they said had cancer actually did not. "[21] Cristobal Bonifaz, the lawyer representing the plaintiffs, was later fined $45,000 for his involvement in the falsified claims. [22] Bonifaz had previously been fired from the plaintiffs' legal team in the larger Ecuadorian case for unethical conduct. [23]
In the U. S. , Chevron’s activities in Richmond, California have been the subject of ongoing controversy. Richmond (ˈɹɪtʃmənd is a city in western Contra Costa County, California, United States. Chevron’s Richmond operations house over 11 million pounds of toxic materials, and have been responsible for over 304 accidents. [24] For illegally bypassing wastewater treatments and failing to notify the public about toxic releases, Chevron’s Richmond refineries were forced to pay $540,000 in 1998. [25] Overall, Chevron is responsible for ninety-five Superfund sites—locations for which the EPA has earmarked funds for cleanup. Superfund is the common name for the United States environmental policy officially known as the Comprehensive Environmental Response Compensation and Liability Act [26] In October, 2003, the state of New Hampshire sued Chevron and other oil companies for using MTBE, a gasoline additive that the attorney general claimed polluted much of the state's water supply. New Hampshire ( is a state in the New England region of the northeastern United States of America. [27]
Chevron’s African operations have also been criticized as environmentally unsound. [28] In 2002, Angola became the first African nation to ever fine a major multinational corporation operating in its own waters when it demanded 2 million dollars in compensation for oil spills allegedly caused by Chevron’s poor maintenance. Angola, officially the Republic of Angola (República de Angola Pronounced ʁɛˈpublikɐ dɨ ɐ̃ˈgɔlɐ Repubilika ya Ngola is a country in south-central [29]
On October 16, 2003, Chevron U. S. A. Inc. resolved a Clean Air Act settlement, which reduced harmful air emissions by about 10,000 tons a year. [30] In San Francisco, Chevron was filed by a consent decree to spend almost $275 million to install and utilize innovative technology to reduce nitrogen and sulfur dioxide emissions at its refineries. [31] After violating the Clean Air Act at an offline loading terminal in El Segundo, California, Chevron paid a $6 million penalty as well as $1 million for environmental improvement projects. [32] Chevron also had implemented programs that minimized production of hazardous gases, upgraded its leak detection and repair practices, reduced emissions from its sulfur recovery plants and adopted strategies to ensure the proper handling of harmful benzene wastes at each refinery. [33] Chevron also spent about $500,000 to install leakless valves and double-sealed pumps at its El Segundo refinery, which could prevent significant emissions of air contaminants. [34]
Defenders of Chevron’s environmental record point to recent changes in the corporation, particularly its pledge, as of 2004, to combat global warming. Global warming is the increase in the average measured temperature of the [35]
On May 28, 1998, as activists were staging a demonstration on an oil platform in the Niger Delta, Nigeria, Nigerian police and soldiers, instead of Chevron representatives (as the activists expected), were flown in with Chevron helicopters. Activism, in a general sense can be described as intentional action to bring about social or political change The Niger Delta, the delta of the Niger River in Nigeria, is a densely populated region sometimes called the Oil Rivers because it was once a Nigeria, officially named the Federal Republic of Nigeria, is a federal Constitutional republic comprising thirty-six states and one Federal Soldiers shot at the activists and subsequently two activists (Jola Ogungbeje and Aroleka Irowaninu) died from their wounds [4]. Chevron describes the situation as "a violent occupation of private property by aggressors seeking to extort cash payments from the company. "[36] The Nigerian government is reportedly 80% dependent upon oil production and is condemned by many for its reported [5] treatment of environmentalists. The documentary "Drilling and Killing" covers these and other topics. Drilling and Killing: Chevron and Nigeria's Oil Dictatorship is an aaudio documentary produced by Amy Goodman and Jeremy Scahill mixed and engineered by Dred
U. S. District Judge Susan Illston, allowing a lawsuit brought by victims and victims' families against Chevron to proceed, said that there is evidence that Chevron has hired, supervised, and provided transportation to Nigerian military forces known for their "general history of committing abuses. Susan Yvonne Illston is a San Francisco, California -based judge for the United States District Court for the Northern District of California in the " [6] In March 2008, the plaintiffs' lawyers, without explanation, "quietly moved to withdraw half of their claims" against Chevron. [37]
Chevron has been accused of not fulfilling its community responsibilities in Cabinda, Angola. Chevron's employees work in isolation in the Malongo terminal, which is protected by barbed wire fence and guarded gates because of security concerns. Most of the groceries and other commodities are imported duty free from overseas, limiting the economic impact on local markets. In a survey Cabindans expressed their concern that the multi-billion dollar oil industy has not improved their daily lives. [7]
In 2003, it was revealed that the company had engaged in illegal trade with Iraq and had to pay a $14,000 fine to the US government. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. For a topic outline on this subject see List of basic Iraq topics.
Chevron has taken steps to reduce emissions of greenhouse gases and to pursue cleaner forms of energy. [38] Chevron invests in alternative energy sources and has set targets for reducing its own emissions, and has scored highest among U. S. oil companies for this. [38] Chevron is the world's largest producer of geothermal energy, providing enough power for over 7 million homes. Geothermal power (from the Greek roots geo, meaning earth and therme, meaning heat is energy generated by heat stored in the earth or the collection [39]
As of April 2007 [8]:
Condoleezza Rice 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. Robert James Eaton (born February 1940 in Buena Vista, Colorado) is a U Samuel Augustus Nunn Jr (born September 8, 1938) is an American Lawyer and Politician. Donald Blessing Rice (born Frederick Maryland, June 4 1939) is a California businessman and senior government official Peter Robertson may refer to Peter Robertson (triathlete Peter Robertson (Brampton mayor Ronald D Sugar (born in 1949 has been chairman of the board and chief executive officer of Northrop Grumman Corporation, a global defense company since 2003 Carl Ware is an American Businessman and a retired Executive Vice-President of The Coca Cola Company. Condoleezza Rice (born November 14 1954 is the 66th United States Bush.