Chevron Corporation

ChevronTexaco Corp. ranks among the world's largest and most competitive global energy companies. Headquartered in San Francisco, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.

Company Roots
The corporation traces its roots to an 1879 oil discovery at Pico Canyon, north of Los Angeles. This find led to the formation, in the same year, of the Pacific Coast Oil Company. 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.

These two companies, the predecessors of Chevron Corp. and Texaco Inc., respectively, were both instrumental in transforming a fledgling oil business into today's multifaceted, high-tech energy industry.

Global Scope
Global, diverse and highly skilled, the ChevronTexaco work force of about 53,000 takes pride in a commitment to community partnerships, social responsibility and environmental excellence.

Active in more than 180 countries, ChevronTexaco has reserves of 11.5 billion barrels of oil and gas equivalent and daily production of 2.7 million barrels. In addition, it has a global refining capacity of more than 2.2 million barrels a day and operates more than 25,000 service stations around the world. The company also has interests in 47 power projects now operating or being developed.

Energy Technologies
ChevronTexaco is a leader in gasification technology, which converts low-value materials, like refinery residue, into clean synthesis gas. In addition, the company develops and commercializes advanced energy technologies, including fuel cells, photovoltaics, advanced batteries and hydrogen storage.

Address: 575 Market Street
San Francisco, CA 94105-2856
US
Contact: 415-894-7700

www.chevrontexaco.com


Recent Articles

Chevron Suspends Production At Gorgon Train Two LNG Project
Friday, February 24, 2017 Chevron temporarily suspends production of liquefied natural gas (LNG) at its Gorgon Train Two production line in Australia.
Cargo Loadings At Australia's North West Shelf Project Halted
Wednesday, February 08, 2017 Loading of cargoes from Australia's North West Shelf (NWS) liquefied natural gas (LNG) and condensate project has been halted due to adverse weather.
US Transparency Reversal Stings Canadian, European Oil Firms
Friday, February 03, 2017 Canadian and European oil companies could find themselves at a competitive disadvantage to their American rivals if US lawmakers scrap tighter transparency requirements on the industry.
Chevron Says To Give CEO Fewer Stock Options
Monday, January 30, 2017 Chevron says it would give its top executive fewer stock options after shareholders expressed concern about executive pay.
Chevron's First Loss in Decades Signals Hard Time for Giants
Friday, January 27, 2017 Chevron posts its first annual loss since at least 1980, signaling the difficulties faced by the world’s biggest oil companies as they struggle to emerge from the worst collapse in a generation.
Argentina Clinches Deal to Attract Investment in Vaca Muerta Shale
Wednesday, January 11, 2017 Argentina clinches deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta shale formation in Patagonia, the government says.
Oil, Gas Conflicts throughout Africa in 2016
Wednesday, January 04, 2017 North and West Africa have seen a spate of oil and gas-related clashes in 2016.
SOCAR, AIOC Agree to Develop ACG Field
Friday, December 23, 2016 SOCAR and AIOC sign a letter of intent for the future development of the Azeri-Chirag-Gunashli (ACG) field, in the Azerbaijan sector of the Caspian Sea.
Chevron Still Grappling With Latest Gorgon LNG Outage
Monday, December 12, 2016 Chevron's Gorgon LNG plant off western Australia still has one of its two production units shut around two weeks after first being taken offline.
Chevron Plans $19.8B Capital, Exploratory Budget for 2017
Thursday, December 08, 2016 Some $11.6 billion of Chevron's $19.8-billion capital spending plan will target international upstream projects.
Mexico Oil Auction Succeeds in Drawing World's Biggest Drillers
Tuesday, December 06, 2016 Mexico's first competitive deepwater oil auction surpasses expectations as eight of the 10 blocks are awarded to some of the world's top oil firms.
Chevron to Submit Sarta Block Development Plan Soon
Monday, December 05, 2016 Chevron will shortly submit a development plan for the Sarta block in the Kurdistan Region of Iraq, according to Ian MacDonald, the company's vice president of exploration.
Sources: Saudi, Kuwait Expect to Restart Neutral Zone Oilfields Soon
Sunday, December 04, 2016 Saudi Arabia and Kuwait expect to agree soon on the resumption of oil production from their jointly-operated oilfields in the Neutral Zone.
Chevron Temporarily Halts Production Unit At Australia LNG Plant
Wednesday, November 30, 2016 Chevron Corp temporarily halts output from one of the 2 production units at its Gorgon liquefied natural gas (LNG) plant off Australia's west coast.
Australia Watchdog Says North West Shelf Gas Venture Underpaying Royalties
Monday, November 28, 2016 The North West Shelf joint venture cut royalties it owed by claiming more than $3.7 billion in deductions, some of which weren't valid, a government watchdog says.
Minister: Nigeria Reaches Deal to Pay $5.1B in Unpaid Bills to Oil Majors
Thursday, November 17, 2016 Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said.
US Shale Firms Go Back To Work Buoyed By OPEC Deal, Trump Victory
Monday, November 14, 2016 US shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump's election victory and OPEC's recent output curb pledge.
Chevron Starts Production at Alder 40 Years After Discovery
Monday, November 07, 2016 Chevron North Sea Limited starts production at the Alder field in the central North Sea, more than 40 years after it was first discovered.
Chevron Wheatstone LNG Cost Blowout To $34B Hits Woodside
Monday, October 31, 2016 Woodside Petroleum said on Monday it faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp flagged total costs would jump to $34 billion.
Chevron Profit Drops On Weak Oil Price, But Beats Forecasts
Friday, October 28, 2016 Chevron reports a drop in quarterly profit that still beat expectations.