57 Facts About Chevron Corporation

Chevron Corporation is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation.

Chevron Corporation grew quickly after the breakup of Standard Oil by acquiring companies and partnering with others, especially Texaco.

Chevron Corporation is one of the largest companies in the world and the second largest oil company based in the United States by revenue, only behind fellow Standard Oil descendant ExxonMobil.

Chevron Corporation ranked 16th on the Fortune 500 in 2022 with revenues of $162.

Chevron Corporation is the last-remaining oil and gas component of the Dow Jones Industrial Average since ExxonMobil's exit from the index in 2020.

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Today, Chevron Corporation is the owner of the Standard Oil trademark in 16 states in the western and southeastern United States.

However, though Chevron Corporation acquired Kyso in the 1960s, its status in Kentucky is unclear after Chevron Corporation withdrew its brand from retail sales from Kentucky in July 2010.

In February 2012, Chevron Corporation notified the Bureau of Land Management and the Department of Reclamation, Mining and Safety that it intends to divest this lease.

In 2010 Chevron Corporation established the Niger Delta Partnership Initiative, a non-profit that works with localorganizations to promote economic growth, reduce HIV transmission rates, and empower women.

In 2011, Chevron Corporation acquired Pennsylvania based Atlas Energy Inc for $3.

In October 2014, Chevron Corporation announced that it would sell a 30 percent holding in its Canadian oil shale holdings to Kuwait's state-owned oil company Kuwait Oil Company for a fee of $1.

In 2016, Chevron Corporation announced it was planning to exit South Africa, where it had had a presence for over a century.

In February 2020, Chevron joins Marubeni Corporation and WAVE Equity Partners in investing in Carbon Clean Solutions, a company that provides portable carbon capture technology for the oil field and other industrial facilities.

Chevron Corporation considered a merger with rival ExxonMobil in 2020 during the early stages of the COVID-19 pandemic that drove oil demand sharply down.

On January 5, 2022, Chevron Corporation temporarily decreased production in Kazakhstan's Tengiz Field due to the 2022 Kazakh protests, which were motivated by heavy oil price increases.

On January 21, 2022, Chevron Corporation announced it would end all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the 2021 Myanmar coup d'etat.

Reuters report released on February 21, 2022, alluded that Chevron Corporation was seeking to sell stakes in three fields located in Equatorial Guinea.

On February 28, 2022, Chevron Corporation announced that they will acquire Renewable Energy Group, a biodiesel production company based in Ames, Iowa.

In 2022, the major oil and gas companies, including Chevron Corporation, reported sharp rises in interim revenues and profits.

In October 2015, Chevron Corporation announced that it is cutting up to 7, 000 jobs, or 11 percent of its workforce.

Chevron Corporation has interests in four concessions in Angola, including offshore two concessions in Cabinda province, the Tombua–Landana development and the Mafumeira Norte project, operated by the company.

In 2010, Chevron Corporation became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea.

In 2021, Chevron Corporation completed it's purchase of Noble Midstream Partners LP, which has crude oil, produced water and gas gathering assets in the Permian Basin in West Texas and the DJ Basin in Colorado.

Chevron Corporation owns the trademark rights to Texaco and Caltex fuel and lubricant products.

Chevron Corporation is the non-operating partner in seven joint venture refineries, located in Australia, Pakistan, Singapore, Thailand, South Korea, and New Zealand.

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Chevron Corporation's United States refineries are located in Gulf and Western states.

Chevron Corporation owns an asphalt refinery in Perth Amboy, New Jersey; however, since early 2008 that refinery has primarily operated as a terminal.

Chevron Corporation operates the Chevron Corporation Oronite Company, which develops, manufactures and sells fuel and lubricant additives.

Chevron Corporation utilizes the Texaco brand within the United States, though its locations are much more sparsely-spread than that of Chevron Corporation.

Chevron Corporation primarily uses the Caltex brand outside of the United States, primarily in Southeast Asia, Hong Kong, Pakistan, New Zealand, and South Africa.

In 2019, Chevron Corporation announced it would re-enter the Australian market by purchasing Puma Energy's operations in the country.

Chevron Corporation relaunched the Caltex brand in Australia in 2022, after the expiration of Caltex Australia's license to use the Caltex brand.

Chevron Corporation has claimed to be the world's largest producer of geothermal energy.

Prior, Chevron Corporation operated geothermal wells in Indonesia providing power to Jakarta and the surrounding area.

In October 2011, Chevron Corporation launched a 29-MW thermal solar-to-steam facility in the Coalinga Field to produce the steam for enhanced oil recovery.

In 2014, Chevron Corporation began reducing its investment in renewable energy technologies, reducing headcount and selling alternative energy-related assets.

Chevron Corporation moved there in 2002 from its earlier headquarters at 555 Market Street in San Francisco, California, the city where it had been located since its inception in 1879.

Chevron Corporation sold its San Ramon headquarters to the local Sunset Development Co.

Chevron Corporation operates from office towers in Houston, Texas, where it purchased 1500 Louisiana Street and 1400 Smith Street, the former headquarters of failed Texas energy giant Enron.

Chevron Corporation planned a new office tower in downtown Houston next to its existing properties at 1600 Louisiana Street.

Chevron Corporation today is well known for its slogan "the human energy company", a campaign first launched in 2007.

Chevron Corporation said that the company had completed cleanup of the pollution caused by Texaco, that current pollution was the result of activities of the Ecuadorian oil interests, and that the 1998 agreements with the Ecuadorian Government exempted the company from any liabilities.

Chevron Corporation described the lawsuit as an "extortion scheme" and refused to pay the fine.

Some media later alleged that Chevron Corporation had paid a key witness in the case hundreds of thousands of dollars for his testimony, which he later admitted to have been false.

Chevron Corporation further stated that it is not possible to determine from the videos whether the sites shown are the responsibility of Chevron or its former partner, Petroecuador.

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In September 2018, an international tribunal ruled in favor of Chevron Corporation Corp finding that Ecuador had violated its obligations under international treaties.

Chevron Corporation continues to take oil from the Amazon region at large.

Chevron Corporation has been one of the largest offshore oil producers in Angola by volume.

Chevron Corporation promised to invest $180 million for new pipes, and the pipeline was shut down once the leaks were discovered.

Elizabeth Dole, the US Secretary of Labor, said: "OSHA's investigation makes clear that Chevron Corporation knew of the need for protective equipment and clothing.

Chevron Corporation pleaded no contest to six charges in connection with the fire, and agreed to pay $2 million in fines and restitution.

Chevron Corporation had stated that the military intervention was necessary to protect the lives of its workers and considers the jury's decision vindication for the accusations of wrongdoing.

On November 8, 2011, Chevron Corporation came under fire by Brazilian authorities for its role in the spill of crude oil off of the southeastern coast of Brazil.

Chevron Corporation has experienced protests aimed at the company by local communities in Southern Poland when they started gas exploration in the region.

Finally in 2013, YPF and Chevron Corporation signed an agreement for the Vaca Muerta oil field, the world's second-largest shale gas deposit.

In 2015, Chevron Corporation received the Lifetime Award of the Public Eye on Davos for what the sponsors called Chevron Corporation's responsibility for environmental disaster in the Amazon.

Since oil refineries are incredibly complicated process plants, Chevron Corporation wanted Maxis to make them a game like SimCity, as a training tool to teach employees at their oil refinery in Richmond, California how the refinery worked.