Chevron Corporation Overview
Chevron Corporation is a U.S. multinational energy corporation headquartered in San Ramon, California. It was formed in 1906 by the merger of Pacific Oil Company and Standard Oil Company of Iowa. Within the oil and gas sector, Chevron is engaged in various activities such as exploration, production, refining, marketing, transportation, chemical manufacturing, sales, and power generation.
Chevron’s Business Operations and Acquisitions
Chevron is one of the world’s largest multinational oil and gas companies with operations in 25 countries. The company is actively involved in crude oil and natural gas production, fuel manufacturing, lubricant production, petrochemicals, additives, and technology development. Chevron focuses on reducing carbon emissions and expanding its lower carbon businesses alongside traditional oil and gas operations. In 2000, Chevron acquired Texaco in a $45 billion deal, strengthening its position in the market and creating one of the largest energy companies in the U.S.
Chevron’s Upstream Operations and Gas Station Network
Chevron’s upstream business, which includes crude oil, natural gas liquids, and natural gas segments, generates over 60% of the company’s revenues. Chevron owns and operates a network of more than 7,800 Chevron and Texaco service stations across the United States, with approximately 300 stations in the Western U.S. The brand Texaco is now part of Chevron’s portfolio.
Key Ownership Information
- Who owns the most shares of Chevron?
- What is Chevron owned by?