Chevron Corp CVX

Overview

Chevron Corporation, an integrated energy and chemicals company, operates globally through its subsidiaries. The company leverages two primary segments, Upstream and Downstream, to carry out its operations. Initially known as ChevronTexaco Corporation, it underwent a name change in 2005. Founded in the late 19th century, in 1879, Chevron has its headquarters in San Ramon, California. Its business operations span from the exploration and development of crude oil and natural gas to the manufacturing and marketing of petroleum products and renewable fuels. Additionally, Chevron is involved in various segments of the energy transition, including carbon capture and storage, showcasing its commitment to addressing environmental and sustainability issues.

Products and Services

• Exploration, Development, Production, and Transportation of Crude Oil and Natural Gas: Chevron engages in the entire lifecycle of oil and natural gas, from initial surveying and exploration to the development and production stages, followed by the transportation of these vital energy resources.
• Liquefied Natural Gas (LNG) Operations: This includes processing, liquefaction, transportation, and regasification associated with LNG. Chevron's involvement in LNG represents its capability to handle complex operations and its commitment to meeting global energy demands.
• Pipeline Transportation: Chevron operates extensive pipeline networks that are essential for the efficient and safe transport of crude oil to refineries and of processed natural gas to markets.
• Natural Gas Marketing: Marketing activities cover the storage, transportation, and sale of natural gas, ensuring a steady supply to meet domestic and international market needs.
• Carbon Capture and Storage: Engaging in carbon capture and storage technology, Chevron is active in environmental management and in efforts to reduce carbon footprints within the energy sector.
• Gas-to-Liquids Plant: This technology underscores Chevron’s advance towards alternative and transitional energy sources, converting natural gas into liquid fuels.
• Refining and Marketing of Petroleum Products: In the Downstream segment, Chevron refines crude oil into petroleum products that meet a variety of consumer and industrial needs. It also involves marketing activities for these products alongside lubricants and additives.
• Renewable Fuels and Petrochemicals: Chevron manufactures and markets renewable fuels, showcasing its strides towards sustainability. It also produces commodity petrochemicals and plastics for industrial use, further diversifying its product portfolio.
• Transport Services: The company offers transport services for crude oil and refined products via marine vessels, motor equipment, rail cars, and pipelines, ensuring flexibility and reliability in product delivery.