Company Overview: Chevron
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, 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.
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.
Stock Exchang: NYSE
Stock Ticker: CVX
Number of Employees: 53000