chevron corporation

 

  • [11][12] Formerly: Pacific Coast Oil Co.[1], (1879–1906), Standard Oil of California, (1906–1984)[2]ChevronTexaco Corporation, (2001–2005); Type: Private (1876–1906), Subsidiary
    (1906–1911), Public; Traded as: NYSE: CVX, DJIA component, S&P 100 component, S&P 500 component; ISIN: US1667641005; Industry: Energy, Oil and gas; Predecessors: Standard Oil (1870–1911); Founded: September 10, 1879; 143 years ago as “Pacific
    Coast Oil Co.”; Headquarters: San Ramon, California, U.S.[3];p Area served: Worldwide; Key people: Mike Wirth, (Chairman and CEO)[4]; Products: Gasoline, natural gas and other petrochemicals; Brands: Chevron, Texaco, Caltex, Havoline, Techron,
    Calso (1946–55), Gulf (1985–2010); Revenue: US$246.3 billion (2022); Operating income: US$49.67 billion (2022); Net income: US$35.47 billion (2022); Total assets: US$257.7 billion (2022); Total equity: US$159.3 billion (2022); Number of employees:
    43,846 (December 2022); Parent: Standard Oil Co. (1900–1911); Subsidiaries: Chevron Phillips Chemical, Chevron Sri Lanka History Predecessors[edit] Star Oil and Pacific Coast Oil Company[edit] One of Chevron’s early predecessors, “Star Oil”,
    discovered oil at the Pico Canyon Oilfield in the Santa Susana Mountains north of Los Angeles in 1876.

  • [57][58][59] Three months later, Chevron acquired drilling and development rights for another 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc.[60]
    In September 2013, Total S.A. and its joint venture partner agreed to buy Chevron’s retail distribution business in Pakistan for an undisclosed amount.

  • [7] Chevron 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.

  • [89][90] • 1879–1906 (“Pacific Coast Oil Co.”) • 1931–1948 • 1968–2007 • 2006–present [91] “Human Energy”[edit] Chevron today is well known for its slogan “the human energy
    company”, a campaign first launched in September 2007.

  • The acquisition created second-largest oil company in the United States and the world’s fourth-largest publicly traded oil company with a combined market value of approximately
    $95 billion.

  • [72][73] In the Americas, Chevron acquired natural gas company Beyond6, LLC (B6) and its network of 55 compressed natural gas stations across the United States from Mercuria
    in November 2022.

  • [47] 2005 also saw Chevron purchase Unocal Corporation for $18.4 billion, increasing the company’s petroleum and natural gas reserves by about 15%.Because of Unocal’s large
    South East Asian geothermal operations, Chevron became a large producer of geothermal energy.

  • [37] The same year, Standard Oil of California also took the opportunity to change its legal name to ‘Chevron Corporation’, since it had already been using the well-known
    “Chevron” retail brand name for decades.

  • Chevron traces its history back to the 1870s to small California-based oil companies which were acquired by Standard and merged into Standard Oil of California.

  • [33] Standard Oil of California and Gulf Oil merged in 1984,[34] which was the largest merger in history at that time.

  • Chevron Phillips Chemical, a company jointly owned by Chevron and Phillips 66, agreed to pay $118 million in March 2022 as a result of violating the Clean Air Act at three
    of its chemical production plants in Texas.

  • [71] Two years later, Chevron announced that they will acquire Renewable Energy Group, a biodiesel production company based in Ames, Iowa.

  • The company grew quickly on its own after the breakup of Standard Oil by continuing to acquire companies and partnering with others both inside and outside of California,
    eventually becoming one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s.

  • [16][17] Texaco[edit] Further information: Texaco § History Since the acquisition of the Pacific Coast Oil Company by Standard Oil, the Standard descendant had traditionally
    worked closely with Texaco for 100 years, before acquiring Texaco outright in 2001.

  • [66] US officials visiting Chevron’s Barrow Island facilities Upstream[edit] Chevron’s oil and gas exploration and production operations, which in the oil and gas industry
    are considered as “upstream” operations, are primarily in the US, Australia, Nigeria, Angola, Kazakhstan, and the Gulf of Mexico.

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

  • [128] Retail[edit] A Chevron gas station in Diamondville, Wyoming (taken on May 27, 2018) In the United States, the Chevron brand is the most widely used, at 6,880 locations
    as of September 2022 spread across 21 states.

  • The most important joint ventures where Chevron is involved in Venezuela are Petroboscán, in the west of the nation, and Petropiar, in the eastern Orinoco Belt, with a production
    capacity of close to 180,000 barrels per day between both projects.

  • The company also explored and drilled in the Marcellus Shale formation under several northeastern US states; these operations were sold to the Pittsburgh-based natural gas
    firm EQT in 2020.

  • The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in
    San Ramon, California, and active in more than 180 countries.

  • Among the assets sold off were Gulf’s retail outlets in Gulf’s home market of Pittsburgh, where Chevron lacks a retail presence but does retain a regional headquarters there
    as of 2013, partially for Marcellus Shale-related drilling.

  • In 1906, the Pacific Coast acquired the business operations and assets of the Standard Oil Company (Iowa).

  • Chevron’s Asia downstream headquarters is in Singapore, and the company operates gas stations (under the Caltex brand) within the city state, in addition to some gas stations
    in Western Canada.

  • [121] Chevron, with equal partner Singapore Petroleum Company, also owns half of the 285,000 barrels per day Singapore Refining Company (SRC) plant, a complex refinery capable
    of cracking crude oil.

  • One of those pieces, Standard Oil Co. (California), went on to become Chevron.

  • [61] In October 2014, Chevron 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 $1.5 billion.

  • At this time, Pacific renamed itself the Standard Oil Company (California).

  • [29][30] Standard Oil Company of California ranked 75th among United States corporations in the value of World War II military production contracts.

  • [104] In August 2014 a significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced.

  • In July 2010, Chevron ended retail operations in the Mid-Atlantic United States by removing the Chevron and Texaco names from 1,100 stations.

  • [32] California Standard’s subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944.

  • [129] Chevron also utilizes the Texaco brand within the United States, though its locations are much more sparsely-spread than that of Chevron.

  • [35][36] To comply with U.S. antitrust law, California Standard divested many of Gulf’s operating subsidiaries, and sold some Gulf stations in the eastern United States and
    a Philadelphia refinery which has since closed.

  • It would have been one of the biggest corporate mergers in history, and a combined Chevron and ExxonMobil (dubbed “Chexxon” by Reuters) would have been the second biggest
    oil company in the world, trailing only Saudi Aramco.

  • [13] Energy analyst Antonia Juhasz has said that while Star Oil’s founders were influential in establishing an oil industry in California, Union Mattole Company discovered
    oil in the state eleven years prior.

  • Chevron would sell the Gulf Oil trademarks for the entire U.S. to Cumberland Farms, the parent company of Gulf Oil LP, in 2010 after Cumberland Farms had a license to the
    Gulf trademark in the Northeastern United States since 1986.

  • [15] Pacific Coast Oil eventually became the largest oil interest in California, and in 1900, John D. Rockefeller’s Standard Oil acquired Pacific Coast Oil for $761,000.

  • [82] Despite the major oil and gas companies, including Chevron, reporting sharp rises in interim revenues and profits due to Russia’s 2022 invasion of Ukraine, the world’s
    largest oil companies received immense backlash for such profits.

  • Chevron in February 2020 joined 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.

  • In addition, days before the company reported its full year earnings, Chevron increased its dividend and announced a $75 billion stock buyback program, a move which attracted
    a heated response from the Biden administration as well as from news commentators within the United States.

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

  • [156] In 2015, the Shell Canada Quest Energy project was launched[157] of which Chevron Canada Limited holds a 20% share.

  • In 1936, it formed a joint venture with California Standard named Caltex, to drill and produce oil in Saudi Arabia.

  • [31] In 1933, Saudi Arabia granted California Standard a concession to find oil, which led to the discovery of oil in 1938.

  • Since American trademark law operates under a use-it-or-lose-it rule,[24] the company owns and operates one Standard-branded Chevron station in each state of the area.

  • [107] In the onshore and near-offshore regions of the Niger Delta, Chevron operates under a joint venture with the Nigerian National Petroleum Corporation, operating and holding
    a 40% interest in 13 concessions in the region.

  • [54] In 2006, the United States Department of the Interior issued a research, development and demonstration lease for Chevron’s demonstration oil shale project on public lands
    in Colorado’s Piceance Basin.

  • [56] Starting in 2010, Chevron began to reduce its retail footprint and expand in domestic natural gas.

  • [52] The deal did not include Unocal’s former retail operations including the Union 76 trademark, as it had sold that off to Tosco Corporation in 1997.

  • [105] The company also has an interest in the North West Shelf Venture, equally shared with five other investors including BP, BHP Petroleum, Shell, Mitsubishi/Mitsui and
    Woodside.

  • Chevron ships historically had names beginning with “Chevron”, such as Chevron Washington and Chevron South America, or were named after former or serving directors of the
    company.

  • [67][68] Later in the pandemic, Chevron began requiring some employees, namely expatriate employees, those working overseas, and workers on U.S.-flagged ships, to receive
    COVID-19 vaccinations after having some key operations, the off-shore platforms off the Gulf of Mexico and Permian Basin for example.

  • [52] The company’s primary geothermal operations were located in Southeast Asia, but these assets were sold in 2017.

  • As of December 31, 2018, the company’s upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day.

  • [27][28] The ‘Chevron’ name came into use for some of its retail products in the 1930s.

  • [115] In 2021, Chevron completed its 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 is an American multinational energy corporation predominantly in oil and gas.

  • In 1926, the company changed its name to Standard Oil Co. of California (SOCAL).

  • [98] In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying 4,000,000 acres across the Permian Basin, located
    in West Texas and southeastern New Mexico.

  • [38] In 1996, Chevron transferred its natural gas gathering, operating and marketing operation to NGC Corporation (later Dynegy) in exchange for a roughly 25% equity stake
    in NGC.

  • [23] By the terms of the breakup of Standard Oil, at first Standard of California could use the Standard name only within its original geographic area of the Pacific coast
    states, plus Nevada and Arizona; outside that area, it had to use another name.

  • [63] Despite the failed acquisition of Andarko, Chevron did acquire Noble Energy for $5 billion in July 2020.

  • The company is also the last-remaining oil and gas component of the Dow Jones Industrial Average since ExxonMobil’s exit from the index in 2020.

  • In 2018, the company produced an average of 791,000 barrels of net oil-equivalent per day in United States.

  • The relaxed restrictions, however, came with severe limitations, including provisions which prohibited Chevron from selling to Russian or Iranian-affiliated agencies and from
    allowing any direct profits to go to Venezuelan oil company PDVSA.

  • Originally known as the Texas Fuel Company (later the Texas Company), Texaco was founded in Beaumont, Texas as an oil equipment vendor by “Buckskin Joe”.

  • In April 2019, Chevron announced their intention to acquire Anadarko Petroleum in a deal valued at $33 billion, but decided to focus on other acquisitions shortly afterwards
    when a deal could not be reached.

 

Works Cited

[‘1. Data is based on the 2022 Fortune 500.
2. ^ Determined by closing price on December 31 (or last trading day) of that specific calendar year
3. Chevron history on Chevron website
4. ^ Standard Oil History at the Encyclopedia Britannica
5. ^
2020 First quarter form 10-Q
6. ^ DiChristopher, Tom (September 28, 2017). “Chevron names Mike Wirth chairman and CEO”. MSNBC. Retrieved February 15, 2018.
7. ^ “2022 Annual Report (Form 10-K)”. U.S. Securities and Exchange Commission. February
23, 2023.
8. ^ Chevron Policy, Government and Public Affairs. “Chevron History”. chevron.com. Retrieved September 1, 2022.
9. ^ “United States Highlights of Operations”. chevron.com. Retrieved April 2, 2020.
10. ^ “Check out Chevron Corp’s
stock price (CVX) in real time”. CNBC. Retrieved August 15, 2022.
11. ^ “Chevron | 2022 Fortune 500”. Fortune. Retrieved August 15, 2022.
12. ^ “Chevron wins Ecuador rainforest ‘oil dumping’ case”. BBC News. September 7, 2018. Retrieved February
16, 2022.
13. ^ Dorrell, Taylor (November 4, 2021). “How Chevron imprisoned environmental lawyer Steven Donziger”. People’s World. Retrieved January 5, 2022.
14. ^ Paz, Isabella Grullón (October 28, 2021). “Lawyer Who Won $9.5 Billion Judgment
Against Chevron Reports to Prison”. The New York Times. ISSN 0362-4331. Retrieved January 5, 2022.
15. ^ Jump up to:a b c M. S. Vassiliou (March 2, 2009). Historical Dictionary of the Petroleum Industry. Scarecrow Press. pp. 128–. ISBN 978-0-8108-6288-3.
Retrieved August 8, 2013.
16. ^ Jump up to:a b Antonia Juhasz (October 6, 2009). The Bush Agenda. HarperCollins. pp. 106–. ISBN 978-0-06-197761-9. Retrieved August 9, 2013.
17. ^ Jump up to:a b Joshua Karliner (1997). The Corporate Planet: Ecology
and Politics in the Age of Globalization. University of California Press. pp. 61–. ISBN 978-0-87156-434-4. Retrieved August 8, 2013.
18. ^ M. S. Vassiliou (September 24, 2009). The A to Z of the Petroleum Industry. Scarecrow Press. pp. 128–. ISBN
978-0-8108-7066-6. Retrieved August 9, 2013.
19. ^ Jump up to:a b Toyin Falola (January 1, 2005). The Politics of the Global Oil Industry: An Introduction. Greenwood Publishing Group. pp. 33–. ISBN 978-0-275-98400-7. Retrieved August 9, 2013.
20. ^
Charles A. S. Hall; Carlos A. Ramírez-Pascualli (December 5, 2012). The First Half of the Age of Oil: An Exploration of the Work of Colin Campbell and Jean Laherr√®re. Springer. pp. 34–. ISBN 978-1-4614-6064-0. Retrieved August 10, 2013.
21. ^ Juhasz,
Antonia (September 28, 2010). “Chevron Throws Book at Shareholder Activist (Me)”. The Huffington Post. Retrieved August 17, 2013.
22. ^ Letzing, John (September 29, 2010). “Activist Faces Charges in Chevron Meeting Outburst”. The Wall Street Journal.
Retrieved August 17, 2013.
23. ^ “Protesters Disrupt BP’s First Shareholder Meeting Since Oil Spill”. Environment News Service. April 14, 2011. Archived from the original on January 8, 2021. Retrieved August 17, 2013.
24. ^ Antonia Juhasz (October
6, 2009). The Tyranny of Oil: The World’s Most Powerful Industry—and What We Must Do to Stop It. HarperCollins. pp. 71–. ISBN 978-0-06-198201-9. Retrieved August 10, 2013.
25. ^ Baker, David R. (May 10, 2005). “Chevron drops the Texaco from its
name”. San Francisco Chronicle. Retrieved May 2, 2011.
26. ^ Fishman, Stephen (2016). Trademark: Legal Care for Your Business & Product Name (11th ed.). Berkeley: Nolo. p. 238. ISBN 9781413322941. Retrieved October 2, 2020.
27. ^ Lutz, Brian (February
18, 2009). “A Not-So-Standard Chevron Station”. TheSledgehammer. Retrieved November 11, 2018.
28. ^ Chamings, Andrew (February 7, 2021). “Obscure SF: There’s something strange about this gas station on Van Ness”. San Francisco Chronicle. Retrieved
February 8, 2021.
29. ^ Jump up to:a b Abcede, Angel (December 7, 2009). “Eastern Withdrawal for Chevron | CSP Daily News / Magazine | Petroleum – CSP Information Group, Inc. – news for convenience & petroleum retailing”. Cspnet.com. Archived from
the original on October 30, 2013. Retrieved January 10, 2014.
30. ^ Jump up to:a b Eigelbach, Kevin (July 19, 2010). “Chevron’s exit from Kentucky opens door for other gas brands”. Louisville Business First. American City Business Journals.
31. ^
“Chevron and Calso”. Retrieved September 20, 2014.
32. ^ “Vintage Calso Gasoline / Standard Oil of California pump”. Retrieved September 20, 2014.
33. ^ Peck, Merton J. & Scherer, Frederic M. The Weapons Acquisition Process: An Economic Analysis
(1962) Harvard Business School p.619
34. ^ “The King of Giant Fields”. Archived from the original on August 16, 2020. Retrieved June 5, 2013.
35. ^ “Our History – Aramco Services Company”. www.aramcoservices.com. Archived from the original on
February 12, 2018. Retrieved February 12, 2018.
36. ^ SOCAL agrees to buy Gulf in record deal price by Robert Cole at The New York Times, March 6, 1984
37. ^ Lasner, Jonathan (March 6, 1984). “Gulf directors accept $80 bid from Socal”. Pittsburgh
Press. p. A1.
38. ^ “Merger would be largest ever”. Spokesman-Review. (Spokane, Washington). Associated Press. March 6, 1984. p. A5.
39. ^ Belko, Mark; Schwartzel, Erich (May 1, 2013). “Chevron acquires Kmart property in Moon for possible regional
headquarters – Pittsburgh Post-Gazette”. Pittsburgh Post-Gazette.
40. ^ “Gulf Oil acquires brand rights for entire US”. Vermont Business Magazine. January 13, 2010. Retrieved May 5, 2010.
41. ^ “Chevron Corp, Form 10-Q, Quarterly Report, Filing
Date Nov 8, 1996”. secdatabase.com. Retrieved March 24, 2013.
42. ^ “Chevron Corp, Form 8-K, Current Report, Filing Date Mar 6, 2000”. secdatabase.com. Retrieved March 24, 2013.
43. ^ “Chevron Corp, Form 8-K, Current Report, Filing Date May 25,
2007” (PDF). secdatabase.com. Retrieved March 24, 2013.
44. ^ “Chevron’s Profit Rises 24%, With Help From Its Refineries”. The New York Times. Reuters. July 28, 2007. Retrieved May 2, 2011.
45. ^ “Chevron Corp, Form 8-K, Current Report, Filing
Date Oct 16, 2000”. secdatabase.com. Retrieved March 24, 2013.
46. ^ “Oil giant Chevron buys rival Texaco”. BBC News. October 16, 2000. Retrieved May 2, 2011.
47. ^ “Chevron to Acquire Texaco”. The Street.com. Archived from the original on October
11, 2012. Retrieved May 2, 2011.
48. ^ Raine, George (October 10, 2001). “The Chevron – Texaco Merger / An oil giant emergers / Shareholders approval of Chevron-Texaco deal creates industy’s lates behemoth”. San Francisco Chronicle. Retrieved May
2, 2011.
49. ^ “Chevron Corp, Form 8-K, Current Report, Filing Date May 10, 2005” (PDF). secdatabase.com. Retrieved March 24, 2013.
50. ^ “Chevron Corp, Form 8-K, Current Report, Filing Date Apr 7, 2005”. secdatabase.com. Retrieved March 24, 2013.
51. ^
“Chevron Corp, Form 8-K, Current Report, Filing Date Aug 10, 2005” (PDF). secdatabase.com. Retrieved March 24, 2013.
52. ^ Baker, David R. (April 5, 2005). “Chevron plans to buy Unocal for $18.4 billion / Deal would bolster East Bay oil giant’s
strategically located sources of gas, crude”. San Francisco Chronicle. Retrieved May 2, 2011.
53. ^ Blum, Justin (August 11, 2005). “Shareholders Vote in Favor Of Unocal Acquisition”. The Washington Post. Retrieved May 2, 2011.
54. ^ Jump up to:a
b “Chevron claims energy debate”. BBC News. February 19, 2006. Retrieved December 31, 2009.
55. ^ O’Dell, John & Kraul, Chris (November 19, 1996). “76 Products Co. Sold in $1.8-Billion Deal”. Los Angeles Times.
56. ^ “Chevron and Los Alamos Jointly
Research Oil Shale Hydrocarbon Recovery”. Green Car Congress. September 25, 2006. Retrieved April 12, 2009.
57. ^ “Interior Department Issues Oil Shale Research, Development and Demonstration Leases for Public Lands in Colorado” (Press release).
Bureau of Land Management. December 15, 2006. Archived from the original on May 9, 2009. Retrieved April 12, 2009.
58. ^ “Chevron leaving Western Slope oil shale project”. Denver Business Journal. February 28, 2012. Retrieved March 12, 2012.
59. ^
“Chevron Corp, Form DFAN14A, Filing Date Nov 9, 2010”. secdatabase.com. Retrieved March 24, 2013.
60. ^ Kaplan, Thomas (November 9, 2010). “Chevron to Buy Atlas Energy for $4.3 Billion”. The New York Times. Retrieved May 2, 2011.
61. ^ “Chevron
Corp, Form 10-K, Annual Report, Filing Date Feb 24, 2011”. secdatabase.com. Retrieved March 24, 2013.
62. ^ “Chevron Continues Aggressive Expansion into Marcellus Shale in PA – Buys Leases for Additional 228K Acres from Chief Oil & Gas | Marcellus
Drilling News”. Marcellusdrilling.com. May 5, 2011. Retrieved July 23, 2012.
63. ^ Louise Heavens (September 18, 2013). “France’s Total snaps up Chevron’s Pakistan retail network”. Reuters. Archived from the original on July 30, 2020. Retrieved
June 30, 2017.
64. ^ Chevron sells stake in Canadian shale field to Kuwait Archived July 30, 2020, at the Wayback Machine. Reuters, October 7, 2014
65. ^ “Chevron Announces Agreement to Acquire Anadarko” (Press release). April 12, 2019. Archived
from the original on May 13, 2019. Retrieved April 16, 2019.
66. ^ “Chevron Acquires Noble Energy for $5 Billion”. /www.baynews9.com. July 20, 2020. Retrieved July 20, 2020.
67. ^ “Chevron strikes US$5bn deal to acquire Noble Energy”. Proactiveinvestors
NA. July 20, 2020. Retrieved July 23, 2020.
68. ^ Jump up to:a b Eckhouse, Brian (May 29, 2020). “Oil-Bust Refugees Are Being Courted By Clean Energy in Texas”. www.bloomberg.com. Retrieved May 29, 2020.
69. ^ Matthews, Christopher M.; Glazer,
Emily; Lombardo, Cara (January 31, 2021). “WSJ News Exclusive | Exxon, Chevron CEOs Discussed Merger”. Wall Street Journal. Retrieved January 7, 2022.
70. ^ “Breakingviews – Chexxon fantasy M&A – who would buy whom?”. Reuters. February 10, 2021.
Retrieved September 15, 2022.
71. ^ “U.S. energy firms launching employee COVID-19 vaccination mandates”. Reuters. August 23, 2021. Retrieved August 24, 2021.
72. ^ Matthews, Christopher M. (August 23, 2021). “WSJ News Exclusive | Chevron Begins
Vaccination Mandates as Covid-19 Roils Oil Fields”. The Wall Street Journal. ISSN 0099-9660. Retrieved August 24, 2021.
73. ^ Chapa, Sergio (February 18, 2020). “Chevron invests in carbon capture technology company”. HoustonChronicle.com. Retrieved
February 28, 2020.
74. ^ “Chevron Completes Acquisition of (REG)”.
75. ^ “Chevron Announces Agreement to Acquire Renewable Energy Group”.
76. ^ “Chevron to acquire full ownership of Beyond6 CNG Fuelling Network”. Oilfield Technology. November
18, 2022. Retrieved November 18, 2022.
77. ^ Bushard, Brian. “Biden Administration Allows Chevron To Pump Oil In Venezuela—Here’s Why It’s So Controversial”. Forbes. Retrieved January 25, 2023.
78. ^ “”Now to produce!”: Maduro’s government
announces agreements with Chevron to resume operations”. November 29, 2022.
79. ^ Daniels, Joe; Stott, Michael (March 21, 2023). “Venezuela oil minister resigns as Maduro cracks down on corruption”. Financial Times.
80. ^ “News updates from January
6: Chevron adjusts output at Kazakhstan oilfield, Johnson offers apology over donor messages, Rivian shares fall below IPO price”. Financial Times. January 5, 2022. Archived from the original on December 10, 2022. Retrieved January 11, 2022.
81. ^
“2 big energy firms exit Myanmar over human rights abuses by the military government”. NPR. Associated Press. January 21, 2022. Retrieved January 21, 2022.
82. ^ “Chevron’s View on Myanmar”. Chevron. Retrieved January 28, 2022.
83. ^ Bousso,
Ron; French, David (February 21, 2022). “Chevron seeks to sell Equatorial Guinea oil and gas assets -sources”. Reuters. Retrieved February 22, 2022.
84. ^ Associated Press (March 10, 2022). “Chevron Phillips agrees to cut pollution at 3 Texas plants”.
khou.com. Retrieved March 10, 2022.
85. ^ Isidore, Chris (January 27, 2023). “Chevron earnings soar to a record | CNN Business”. CNN. Retrieved February 3, 2023.
86. ^ “Oil giants reap record profits as war rages in Ukraine, energy prices soar:
Here’s how much they made”. USA Today. May 7, 2022.
87. ^ “”Big Oil is intentionally profiteering from the war”: Exxon profits double after Putin’s invasion”. Salon. April 29, 2022.
88. ^ Norton, Kit (January 26, 2023). “Chevron Returns $75
Billion To Shareholders As White House Fumes”. Investor’s Business Daily. Retrieved January 26, 2023.
89. ^ Morrow, Allison (January 26, 2023). “Swimming in cash, Chevron plans a $75 billion slap in the face to drivers | CNN Business”. CNN. Retrieved
January 26, 2023.
90. ^ Surran, Carl (January 26, 2023). “Chevron surges on eye-catching buyback plan; raised dividend yield tops Exxon (NYSE:CVX) | Seeking Alpha”. seekingalpha.com. Retrieved January 26, 2023.
91. ^ “Chevron – Logo in EPS, PNG
& JPG Formats”. logoose.com. Archived from the original on June 29, 2022. Retrieved January 26, 2022.
92. ^ “Chevron Logo, history, meaning, symbol, PNG”. Retrieved January 26, 2022.
93. ^ “The Evolution of 5 Oil and Gas Logos”. Castagra. Castagra.
Archived from the original on August 25, 2019. Retrieved March 31, 2017.
94. ^ “Chevron Announces New Global ‘Human Energy’ Advertising Campaign | Chevron Corporation”. chevroncorp.gcs-web.com. Retrieved December 7, 2021.
95. ^ “Chevron Launches
“Human Energy” Campaign”. Convenience Store News. Retrieved February 6, 2023.
96. ^ Beer, Mitchell (October 6, 2022). “Parody Ad Spoofs Chevron Messaging”. The Energy Mix. Retrieved February 6, 2023.
97. ^ “Chevron Corporation 2018 Annual Report
(Form 10-K)”. U.S. Securities and Exchange Commission.
98. ^ “Europeans ‘Don’t Intend to Go Back’ to Russian Natural Gas, Says Chevron CEO”. Natural Gas Intelligence. March 6, 2023. Retrieved March 7, 2023.
99. ^ “Chevron cutting up to 7,000
jobs”. CBS. October 30, 2015. Retrieved October 30, 2015.
100. ^ “Chevron Corporation 2018 Annual Report (Form 10-K)”. U.S. Securities and Exchange Commission.
101. ^ Ordonez, Isabel (April 8, 2011). “Chevron Rekindles Old Texas Flame”. The Wall
Street Journal.
102. ^ “Chevron celebrates 5 billion barrels of Permian Basin crude – Mywesttexas.com: Local Newsroom”. Mywesttexas.com. February 16, 2011. Retrieved July 23, 2012.
103. ^ Corporation, E. Q. T. “EQT Announces the Acquisition of
Chevron’s Appalachia Assets”. www.prnewswire.com (Press release). Retrieved February 16, 2023.
104. ^ Garrett, Geoffrey (August 13, 2011). “Why this love triangle works”. The Australian.
105. ^ “Chevron’s Gorgon project taking shape | Latest
Business & Australian Stock market News”. Perth Now. February 2, 2011. Retrieved July 23, 2012.
106. ^ Burrell, Andrew (June 15, 2011). “Chevron’s Wheatstone LNG project to generate 6,500 jobs, says Roy Krzywosinski”. The Australian.
107. ^ “Higher
interim dividend by Santos as oil and gas revenue rises”. Australian News.Net. August 21, 2014. Retrieved August 22, 2014.
108. ^ “Participants – NWSSSC”. www.nwsssc.com. Retrieved May 7, 2019.
109. ^ “Chevron says Gorgon carbon capture just the
start”. Australian Financial Review. July 6, 2022. Retrieved February 16, 2023.
110. ^ “Escravos Gas-to-Liquids Project, Niger Delta”. Hydrocarbons Technology. June 15, 2011. Retrieved July 23, 2012.
111. ^ “Chevron Corporation (CVX) Stock Description”.
Seeking Alpha. December 31, 2009. Retrieved July 23, 2012.
112. ^ “Angola LNG”. Angola Today. Archived from the original on September 7, 2012. Retrieved July 23, 2012.
113. ^ “Chevron Rises To $104 As Kazakhstan Kicks Up Production”. Forbes. October
13, 2011. Retrieved June 23, 2013.
114. ^ “Caspian Pipeline Consortium: Private Company Information – Businessweek”. Investing.businessweek.com. September 20, 2011. Archived from the original on May 2, 2013. Retrieved July 23, 2012.
115. ^ Stanley
Reed (July 23, 2013). “Chevron to Spend $770 Million on Remote Projects”. The New York Times. Retrieved July 23, 2013.
116. ^ Jump up to:a b DiChristopher, Tom (April 12, 2019). “Why oil giant Chevron is buying Anadarko Petroleum for $33 billion”.
CNBC. Retrieved October 22, 2019.
117. ^ Egan, Matt (April 24, 2019). “Oil bidding war: Occidental trumps Chevron’s deal for Anadarko”. CNN.
118. ^ Marinucci, Carla (May 5, 2001). “Chevron redubs ship named for Bush aide”. San Francisco Chronicle.
Retrieved October 13, 2008.
119. ^ “Chevron Shipping Operations and Fleet”. chevron.com. Chevron Corporation. Retrieved September 15, 2022.
120. ^ Jump up to:a b “e10vk”. Sec.gov. Retrieved July 23, 2012.
121. ^ “Retail & Commercial Fuel Sales”.
chevron.com. Chevron Corporation. Retrieved September 15, 2022.
122. ^ “Singapore Highlights of Operations”. chevron.com. Chevron Corporation. Retrieved September 15, 2022.
123. ^ “Caltex Fuels and Lubricants”. chevron.com. Chevron Corporation.
Retrieved September 15, 2022.
124. ^ “Singapore”. Chevron Corporation. Retrieved November 19, 2022.
125. ^ “Caltex in Singapore”. Caltex Singapore. Archived from the original on December 14, 2011.
126. ^ Paton, James (August 22, 2011). “Caltex
Australia Starts Review of Refineries as Margins Drop”. Bloomberg L.P.
127. ^ Tanveer Ahmed (July 1, 2010). “PSO willing to raise stakes in PRL”. Daily Times. Retrieved July 23, 2012.
128. ^ “N.Z. Refining Jumps After Valero Said to Plan Bid (Update2)”.
Bloomberg L.P. July 24, 2009.
129. ^ “Refining Crude Oil – Energy Explained, Your Guide To Understanding Energy”. Eia.gov. Retrieved July 23, 2012.
130. ^ Arthur J. Caines, Roger F. Haycock, John E. Hillier (2004) Automotive Lubricants Reference
Book ; John Wiley & Sons ; see p70/737
131. ^ “Number of Chevron locations in the United States in 2022”. ScrapeHero. Retrieved September 16, 2022.
132. ^ “Number of Texaco locations in the United States in 2022”. ScrapeHero. Retrieved September
16, 2022.
133. ^ “Texaco UK | Motorists Information”. texaco.co.uk. Retrieved September 16, 2022.
134. ^ “Our Journey”. Caltex Singapore. Retrieved September 16, 2022.
135. ^ “Chevron acquires Puma Energy”. July 1, 2020. Retrieved May 13, 2020.
136. ^
“Chevron to revive Caltex brand for Puma network”. Australian Financial Review. August 2, 2020. Retrieved August 25, 2020.
137. ^ “Chevron completes acquisition of Puma Energy (Australia) Holdings Pty Ltd”. Chevron Australia. July 1, 2020. Retrieved
August 25, 2020.
138. ^ “Caltex is back with big plans for the future”. TradeTrucks.com.au. September 15, 2022. Retrieved September 16, 2022.
139. ^ Puma Energy announces sale of Puma Energy Australian fuel business to Chevron December 19, 2019
140. ^
Hsu, Tiffany (March 22, 2010). “Chevron is putting solar technologies to the test”. Los Angeles Times. Retrieved July 11, 2013.
141. ^ Klinge, Naomi (August 25, 2021). “BP and Chevron buy into renewable natural gas”. Upstream. Retrieved March 20,
2022.
142. ^ “Harnessing the Heat of Indonesia’s Volcanoes”. Bloomberg Businessweek. July 7, 2011. Archived from the original on July 12, 2011. Retrieved July 23, 2012.
143. ^ “Chevron bets on $30B volcanoes beneath rainforest”. Financial Post.
June 15, 2011. Retrieved July 23, 2012.
144. ^ “Chevron to expand its geothermal sites in the Philippines”. Think GeoEnergy. June 21, 2010. Retrieved July 23, 2012.
145. ^ “Indonesia, Philippine groups acquire Chevron’s $3 billion geothermal
assets”. Reuters. December 26, 2016. Retrieved February 5, 2020.
146. ^ “Aboitiz, Chevron eye more drillings at Tiwi-Makban geothermal fields”. Business. Philippines: Philstar.com. July 13, 2009.
147. ^ “Chevron backs green and slimy answer to
biofuel problems – 02 Nov 2007 – News from”. BusinessGreen. Retrieved July 23, 2012.
148. ^ “Chevron investigates wood-fired cars – 04 Mar 2008 – News from”. BusinessGreen. Retrieved July 23, 2012.
149. ^ “Chevron Defies California On Carbon Emissions”.
Bloomberg L.P. April 18, 2013. Retrieved September 20, 2014.
150. ^ “Chevron forms $12M biofuel research alliance”. Bizjournals.com. June 15, 2006.
151. ^ “BioSelect, Chevron unveil Galveston biodiesel plant”. Bizjournals.com. May 29, 2007.
152. ^
Swartz, Jon (May 26, 2011). “Big companies aggressively jump into clean tech”. USA Today.
153. ^ Woody, Todd (May 22, 2010). “Chevron Testing Solar Technologies”. The New York Times. Retrieved June 23, 2013.
154. ^ “Solar energy powers production
of heavy oil in California”. Oil & Gas Journal. May 2, 2007. Retrieved June 23, 2013.
155. ^ “Chevron adds solar power to area mine”. UPI. February 24, 2010. Retrieved July 23, 2012.
156. ^ “Solar farm a sign of things to come”. U-T San Diego.
April 20, 2011. Retrieved June 23, 2013.
157. ^ Korosec, Kirsten (October 3, 2011). “Chevron uses solar power to produce more oil”. SmartPlanet. Archived from the original on November 25, 2020. Retrieved July 23, 2012.
158. ^ “Chevron Makes It
Official With Sale of Renewable-Energy Unit to OpTerra – Businessweek”. Bloomberg News. September 2, 2014.
159. ^ Jump up to:a b Canada, Natural Resources (February 23, 2016). “Shell Canada Energy Quest Project”. www.nrcan.gc.ca. Retrieved April
25, 2019.
160. ^ Government of Canada, Public Services and Procurement Canada. “Information archivée dans le Web” (PDF). publications.gc.ca. Archived from the original (PDF) on July 27, 2020. Retrieved April 25, 2019.
161. ^ “Fortune 500”. Fortune.
Retrieved November 17, 2022.
162. ^ “AP/ January 27, 2012, 12:21 PM Chevron 4Q profit falls on refinery decline”. CBS News. January 27, 2012. Archived from the original on November 9, 2013. Retrieved July 15, 2013.
163. ^ “Fortune 500 Companies
2018: Who Made the List”. Fortune. Archived from the original on January 15, 2019. Retrieved November 9, 2018.
164. ^ “Chevron Historical Stock Price Lookup”. Chevron Corporation and GCS Web. Retrieved February 16, 2023.
165. ^ Jump up to:a b
“Chevron Corporation 1998 Annual Report” (PDF). 1999. Retrieved February 16, 2023.
166. ^ Jump up to:a b “Chevron Corporation 2000 Annual Report” (PDF). annualreports.com. 2001. Retrieved February 16, 2023.
167. ^ Jump up to:a b “Chevron 2002
Annual Report” (PDF). Annualreports.com. 2003. Retrieved February 16, 2023.
168. ^ Jump up to:a b “Chevron Corporation 2004 Annual Report” (PDF). Annualreports.com. 2005. Retrieved February 16, 2023.
169. ^ Jump up to:a b c d e f g h i j k l m
n o p q r “Chevron Revenue 2006–2018 | CVX”. www.macrotrends.net. Retrieved October 22, 2018.
170. ^ Jump up to:a b c d e f g h i j k l m n o p q r “Chevron Net Income 2006–2018 | CVX”. www.macrotrends.net. Retrieved October 22, 2018.
171. ^ Raine,
George (September 6, 2001). “Ending an era, Chevron abandons S.F. headquarters / Exodus to San Ramon complete”. San Francisco Chronicle. Retrieved July 15, 2013.
172. ^ Eaton, Collin (September 28, 2022). “WSJ News Exclusive | Chevron Sells Global
Headquarters, Pares Back in California Amid Texas Expansion”. The Wall Street Journal. ISSN 0099-9660. Retrieved September 29, 2022.
173. ^ Li, Roland (September 29, 2022). “Chevron sells San Ramon HQ property as it shifts more workers to Texas”.
San Francisco Chronicle. Retrieved September 29, 2022.
174. ^ “Chevron pays Brookfield $340 mln for old Enron HQ”. Reuters. June 24, 2011. Retrieved February 12, 2022.
175. ^ Daugherty, Deon (July 8, 2013). “Chevron plans new Houston tower, hiring
spree”. Houston Business Journal. Retrieved July 15, 2013.
176. ^ Report, Realty News (July 21, 2022). “Will Chevron Move HQ to New Tower in Houston?”. Realty News Report. Retrieved September 16, 2022.
177. ^ Malewitz, Jim (April 19, 2016). “Years
Later, Benefits from State Subsidy to Chevron Hard to Find”. The Texas Tribune. Retrieved September 16, 2022.
178. ^ “Chevron donates $2.5 million to GOP super PAC”. The Washington Post. Archived from the original on November 12, 2020. Retrieved
August 25, 2017.
179. ^ Corey, Jamie (January 7, 2021). “Republican Attorneys General Dark Money Group Organized Protest Preceding Capitol Attack”. Documented. Retrieved January 11, 2021.
180. ^ Gerald White, Formative Years in the Far West: A
History of Standard Oil Company of California and Predecessors through 1919, (Appleton-Century-Crofts, 1962) 567-8.
181. ^ “CHEVRON RICHMOND REFINERY TO PAY $540,000 ENVIRONMENTAL PENALTY | Newsroom | US EPA”. Yosemite.epa.gov. October 15, 1998.
Retrieved February 16, 2011.
182. ^ “Business | Angola fines Chevron for pollution”. BBC News. July 1, 2002. Retrieved February 16, 2011.
183. ^ “Transcript of Drilling and Killing Documentary”. Democracy Now!. Archived from the original on October
26, 2003. Retrieved February 16, 2011.
184. ^ “Protests against Chevron highlight Argentine energy woes – CSMonitor.com”. Christian Science Monitor. September 3, 2013.
185. ^ Matthew Taylor and Jonathan Watts (October 9, 2019). “Revealed: the
20 firms behind a third of all carbon emissions”. The Guardian. Retrieved October 9, 2019.
186. ^ “Dozens protest in Richmond for Anti-Chevron Day”. KRON4. May 22, 2022. Retrieved October 21, 2022.
187. ^ “The curious case of Steven Donziger:
An environmental lawyer who took on big oil and ended up in jail”. The Business Standard. October 3, 2022. Retrieved October 21, 2022.
Photo credit: https://www.flickr.com/photos/nikontino/13471563274/’]