Background of Chevron
Chevron traces its history back to the 1870s to small California-based oil companies acquired by Standard and merged into Standard Oil of California.
Chevron is a global energy company based in the U.S. It has operations in over 180 countries. Chevron is one of the world’s largest multinational oil and gas companies, with significant operations in 25 countries.
Chevron Operations and Products
Chevron is the nation’s third-largest hydrocarbon producer, with five refineries.
Chevron owns some stations in the Western U.S., approximately 300 stations, or around 4 percent of the nearly 8,000 Chevron and Texaco-branded retail stations across the country.
Chevron has substantial natural gas investments in the eastern Mediterranean.
Chevron produces a range of Upstream and Downstream products. The company is involved in exploring and developing oil & natural gas sources.
Chevron began production from its Tahiti Field, the deepest producing field in the U.S. Gulf of Mexico, in May 2009.
Chevron Acquisitions and Market Position
On October 15, 2000, Chevron announced acquisition of Texaco in a deal valued at $45 billion, creating the second-largest oil company in the United States and the world’s fourth-largest publicly traded oil company with a combined market value of approximately $95 billion.
Chevron operates in the oil and gas industry. Business fields are the development and extraction of crude oil, marketing and transport as well as chemical production.
With sales of $139.4 billion and a profit of $10.2 billion, Chevron ranks 21st among the world’s largest companies according to Forbes Global 2000.