Chevron
(NYSE: CVX)
121.52
+0.30
+0.25%
+0.30
+0.25%
MORE ON CVX
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Chevron Corp |
| Industry: | Oil & Gas Integrated |
| Employees: | 62,000 |
DESCRIPTION
| Chevron Corporation was incorporated in Delaware in 1926 as Standard Oil Company of California, and it adopted the name Chevron Corporation in 1984 and ChevronTexaco Corporation in 2001. In 2005, ChevronTexaco Corporation changed its name to Chevron Corporation. It manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services. Exploration and production 'upstream' operations consist of exploring for, developing and producing crude oil and natural gas and also marketing natural gas. Refining, marketing and transportation 'downstream' operations relate to refining crude oil into finished petroleum products; marketing crude oil and the many products derived from petroleum; and transporting crude oil, natural gas and petroleum products by pipeline, marine vessel, motor equipment and rail car. Chemical operations include the manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant oil additives. The upstream, downstream and chemicals activities of the Company and its equity affiliates are dispersed geographically, with operations in North America, South America, Europe, Africa, the Middle East, Asia and Australia. Chevron owns and operates an extensive system of crude oil, refined products, chemicals, natural gas liquids and natural gas pipelines in the United States. The Company also has direct or indirect interests in other U.S. and international pipelines. Chevron Energy Solutions 'CES' is a wholly owned subsidiary that provides public institutions and businesses with sustainable energy projects designed to increase energy efficiency and reliability, reduce energy costs, and utilize renewable and alternative-power technologies. Since 2000, CES has developed hundreds of projects that would help government, education and other customers reduce their energy costs and carbon footprint. The Company's power generation business develops and operates commercial power projects and has interests in 13 power assets through joint ventures in the United States and Asia. It manages the production of more than 3100 megawatts of electricity through joint ventures. The Company operates gas-fired cogeneration facilities that use waste heat recovery to produce additional electricity or to support industrial thermal hosts. Virtually all aspects of the Company's businesses are subject to various U.S. federal, state and local environmental, health and safety laws and regulations and to similar laws and regulations in other countries. |
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