Chevron Corporation#Environmental damage in Ecuador

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. The 25 barrels of oil per day well marked the discovery of the Newhall Field, and is considered by geophysicist Marius Vassiliou as the beginning of the modern oil industry in California. 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.{{cite book|author=Antonia Juhasz|title=The Bush Agenda|url=https://books.google.com/books?id=ROTr9RCRr8IC&pg=PA106|access-date=August 9, 2013|date=October 6, 2009|publisher=HarperCollins|isbn=978-0-06-197761-9|pages=106–}}

In September 1879, Charles N. Felton, Lloyd Tevis, George Loomis and others created the "Pacific Coast Oil Company", which acquired the assets of Star Oil with $1 million in funding.{{cite book|author=Joshua Karliner|title=The Corporate Planet: Ecology and Politics in the Age of Globalization|url=https://books.google.com/books?id=2CHLmPx2PJ0C&pg=PA61|access-date=August 8, 2013|year=1997|publisher=University of California Press|isbn=978-0-87156-434-4|pages=61–}} 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.{{cite book|author=M. S. Vassiliou|title=Historical Dictionary of the Petroleum Industry|url=https://books.google.com/books?id=bBvz_YxlB-AC&pg=PA128|access-date=August 8, 2013|date=March 2, 2009|publisher=Scarecrow Press|isbn=978-0-8108-6288-3|pages=128–}} In 1906, the Pacific Coast acquired the business operations and assets of the Standard Oil Company (Iowa). At this time, Pacific renamed itself the Standard Oil Company (California).{{cite book|author=M. S. Vassiliou|title=The A to Z of the Petroleum Industry|url=https://books.google.com/books?id=BdNjTbcB__0C&pg=PA128|access-date=August 9, 2013|date=September 24, 2009|publisher=Scarecrow Press|isbn=978-0-8108-7066-6|pages=128–}}{{cite book|author=Toyin Falola|title=The Politics of the Global Oil Industry: An Introduction|url=https://books.google.com/books?id=BXWasJHiT-kC&pg=PA33|access-date=August 9, 2013|date=January 1, 2005|publisher=Greenwood Publishing Group|isbn=978-0-275-98400-7|pages=33–}}

{{Further|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. 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". The founder's nickname came from being harsh and aggressive. Texas Fuel worked closely with Chevron. In 1936, it formed a joint venture with California Standard named Caltex, to drill and produce oil in Saudi Arabia.{{cite book|author1=Charles A. S. Hall|author2=Carlos A. Ramírez-Pascualli|title=The First Half of the Age of Oil: An Exploration of the Work of Colin Campbell and Jean Laherr√®re|url=https://books.google.com/books?id=ZOT4TlqDFGQC&pg=PA34|access-date=August 10, 2013|date=December 5, 2012|publisher=Springer|isbn=978-1-4614-6064-0|pages=34–}} According to energy analyst and activist shareholder Antonia Juhasz,{{Cite news | url=https://www.huffingtonpost.com/antonia-juhasz/chevron-throws-book-at-sh_b_742488.html |title= Chevron Throws Book at Shareholder Activist (Me) | first = Antonia | last = Juhasz | author-link = Antonia Juhasz | newspaper= The Huffington Post | date=September 28, 2010 | access-date= August 17, 2013}}{{Cite news | url=https://www.wsj.com/articles/SB10001424052748703882404575520202919898096 |title=Activist Faces Charges in Chevron Meeting Outburst | first = John | last = Letzing | newspaper= The Wall Street Journal | date=September 29, 2010 | access-date= August 17, 2013}}{{Cite news |url= http://www.ens-newswire.com/ens/apr2011/2011-04-14-01.html |title= Protesters Disrupt BP's First Shareholder Meeting Since Oil Spill |work= Environment News Service |date= April 14, 2011 |access-date= August 17, 2013 |archive-date= January 8, 2021 |archive-url= https://web.archive.org/web/20210108033956/http://www.ens-newswire.com/ens/apr2011/2011-04-14-01.html |url-status= dead }} the Texas Fuel Company and California Standard were often referred to as the "terrible twins" for their cutthroat business practices.{{cite book|author=Antonia Juhasz|title=The Tyranny of Oil: The World's Most Powerful Industry—and What We Must Do to Stop It|url=https://books.google.com/books?id=MyEeLDsS0r4C&pg=PA71|access-date=August 10, 2013|date=October 6, 2009|publisher=HarperCollins|isbn=978-0-06-198201-9|pages=71–}}

File:Standardgasstation.jpg, pictured in 2009]]

In 1911, the federal government broke Standard Oil into several pieces under the Sherman Antitrust Act. One of those pieces, Standard Oil Co. (California), went on to become Chevron. It became part of the "Seven Sisters", which dominated the world oil industry in the early 20th century. In 1926, the company changed its name to Standard Oil Co. of California (SOCAL).{{cite news|title=Chevron drops the Texaco from its name|url=http://articles.sfgate.com/2005-05-10/business/17371722_1_chevron-and-texaco-san-ramon-s-chevron-oil-industry|archive-url=https://web.archive.org/web/20110517233249/http://articles.sfgate.com/2005-05-10/business/17371722_1_chevron-and-texaco-san-ramon-s-chevron-oil-industry|url-status=dead|archive-date=May 17, 2011|newspaper=San Francisco Chronicle|access-date=May 2, 2011|first=David R.|last=Baker|date=May 10, 2005}} 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.

Today, Chevron is the owner of the Standard Oil trademark in 16 states in the western and southeastern United States. Since American trademark law operates under a use-it-or-lose-it rule,{{cite book |last1=Fishman |first1=Stephen |title=Trademark: Legal Care for Your Business & Product Name |date=2022 |publisher=Nolo |location=El Segundo |isbn=9781413330090 |page=242 |edition=13th |url=https://books.google.com/books?id=pad-EAAAQBAJ&pg=PA242 |access-date=15 November 2024}} the company owns and operates one Standard-branded Chevron station in each state of the area.{{cite web |url=https://thesledgehammer.wordpress.com/2009/02/18/a-not-so-standard-chevron-station/ |title=A Not-So-Standard Chevron Station |website=TheSledgehammer |access-date=November 11, 2018 |first=Brian |last=Lutz |date=February 18, 2009 }}{{cite news |first=Andrew |last=Chamings |url=https://www.sfgate.com/local/article/Obscure-SF-There-s-something-strange-about-this-15922569.php |title=Obscure SF: There's something strange about this gas station on Van Ness |newspaper=San Francisco Chronicle |date=February 7, 2021 |access-date=February 8, 2021 }} However, though Chevron (as CalSo) acquired Kyso in the 1960s, its status in Kentucky is unclear after Chevron withdrew its brand from retail sales from Kentucky in July 2010.{{cite web |last=Abcede|first=Angel|url=http://www.cspnet.com/fuels-news-prices-analysis/fuels-news/articles/eastern-withdrawal-chevron |title=Eastern Withdrawal for Chevron | CSP Daily News / Magazine | Petroleum – CSP Information Group, Inc. – news for convenience & petroleum retailing |publisher=Cspnet.com |date=December 7, 2009 |access-date=January 10, 2014 |archive-url=https://web.archive.org/web/20131030175906/http://www.cspnet.com/fuels-news-prices-analysis/fuels-news/articles/eastern-withdrawal-chevron |archive-date=October 30, 2013 |url-status=dead }}{{cite news |last1=Eigelbach |first1=Kevin |title=Chevron's exit from Kentucky opens door for other gas brands |url=https://www.bizjournals.com/louisville/stories/2010/07/19/story1.html |work=Louisville Business First |publisher=American City Business Journals |date=July 19, 2010}}

The 'Chevron' name came into use for some of its retail products in the 1930s. The name "Calso" was also used from 1946 to 1955, in states outside its native West Coast territory.{{cite web|url=http://www.uvm.edu/landscape/dating/gas_stations/calso_chevron.php|title=Chevron and Calso|access-date=September 20, 2014}}{{cite web|url=http://www.gaspumps.info/gallery/v/globes/Std+of+Cali/Calso+Gasoline.jpg.html|title=Vintage Calso Gasoline / Standard Oil of California pump|access-date=September 20, 2014}}

Standard Oil Company of California ranked 75th among United States corporations in the value of World War II military production contracts.Peck, Merton J. & Scherer, Frederic M. The Weapons Acquisition Process: An Economic Analysis (1962) Harvard Business School p.619

In 1933, Saudi Arabia granted California Standard a concession to find oil, which led to the discovery of oil in 1938. In 1948, California Standard discovered the world's largest oil field in Saudi Arabia, Ghawar Field.{{cite web|title=The King of Giant Fields|url=http://www.geoexpro.com/article/The_King_of_Giant_Fields/d311f583.aspx|access-date=June 5, 2013|archive-date=August 16, 2020|archive-url=https://web.archive.org/web/20200816221552/https://www.geoexpro.com/articles/2010/04/the-king-of-giant-fields|url-status=dead}} California Standard's subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, its name was changed to Saudi Arabian Oil Company—Saudi Aramco.{{Cite web|url=http://www.aramcoservices.com/Who-We-Are/Our-History.aspx|title=Our History – Aramco Services Company|website=www.aramcoservices.com|language=en|access-date=February 12, 2018|archive-url=https://web.archive.org/web/20180212120354/http://www.aramcoservices.com/Who-We-Are/Our-History.aspx|archive-date=February 12, 2018|url-status=dead}}

Standard Oil of California and Gulf Oil merged in 1984,[https://www.nytimes.com/1984/03/06/business/socal-agrees-to-buy-gulf-in-record-deal-price-is-13-billion.html SOCAL agrees to buy Gulf in record deal price] by Robert Cole at The New York Times, March 6, 1984 which was the largest merger in history at that time.{{cite news |url=https://news.google.com/newspapers?id=nJEcAAAAIBAJ&sjid=5mEEAAAAIBAJ&pg=5955%2C3246232 |work=Pittsburgh Press |last=Lasner |first=Jonathan |title=Gulf directors accept $80 bid from Socal |date=March 6, 1984 |page=A1}}{{cite news |url=https://news.google.com/newspapers?id=wldWAAAAIBAJ&sjid=8O4DAAAAIBAJ&pg=6965%2C2764760 |work=Spokesman-Review |location=(Spokane, Washington) |agency=Associated Press |title=Merger would be largest ever |date=March 6, 1984 |page=A5}} 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. 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.{{cite news| url=http://www.post-gazette.com/stories/business/news/chevron-acquires-kmart-property-in-moon-for-possible-regional-headquarters-685784/ | work=Pittsburgh Post-Gazette | title=Chevron acquires Kmart property in Moon for possible regional headquarters – Pittsburgh Post-Gazette | first1=Mark | last1=Belko | first2=Erich | last2=Schwartzel | date=May 1, 2013}} 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 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.{{cite news|url=http://www.vermontbiz.com/news/january/gulf-oil-acquires-brand-rights-entire-us|title=Gulf Oil acquires brand rights for entire US|work=Vermont Business Magazine|date=January 13, 2010|access-date=May 5, 2010|archive-date=July 30, 2020|archive-url=https://web.archive.org/web/20200730164103/https://www.vermontbiz.com/news/january/gulf-oil-acquires-brand-rights-entire-us|url-status=dead}}

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.{{cite web|url=http://edgar.secdatabase.com/923/9341096000011/filing-main.htm |title=Chevron Corp, Form 10-Q, Quarterly Report, Filing Date Nov 8, 1996 |publisher=secdatabase.com |access-date =March 24, 2013}} In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc. and Chevron's stake increased up to 28%.{{cite web|url=http://edgar.secdatabase.com/1904/9341000000003/filing-main.htm |title=Chevron Corp, Form 8-K, Current Report, Filing Date Mar 6, 2000 |publisher=secdatabase.com |access-date =March 24, 2013}} However, in May 2007, Chevron sold its stake in the company for approximately $985 million, resulting in a gain of $680 million.{{cite web|url=http://pdf.secdatabase.com/623/0000950134-07-012387.pdf |title=Chevron Corp, Form 8-K, Current Report, Filing Date May 25, 2007 |publisher=secdatabase.com |access-date =March 24, 2013}}{{cite news|title=Chevron's Profit Rises 24%, With Help From Its Refineries|url=https://www.nytimes.com/2007/07/28/business/28chevron.html |newspaper = The New York Times |agency=Reuters|access-date=May 2, 2011| date=July 28, 2007}}

File:Chevrongasstation.jpg

The early 2000s saw Chevron engage in many mergers, acquisitions, and sales, the first largest of which was the $45 billion acquisition of Texaco, announced on October 15, 2000. The acquisition created the 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.{{cite web|url=http://edgar.secdatabase.com/1915/9341000000014/filing-main.htm |title=Chevron Corp, Form 8-K, Current Report, Filing Date Oct 16, 2000 |publisher=secdatabase.com |access-date =March 24, 2013}}{{cite news|title=Oil giant Chevron buys rival Texaco|url=http://news.bbc.co.uk/2/hi/business/973161.stm|work=BBC News|access-date=May 2, 2011|date=October 16, 2000}}{{cite news|title=Chevron to Acquire Texaco|url=http://www.thestreet.com/story/1126226/update-chevron-to-acquire-texaco.html|publisher=The Street.com|access-date=May 2, 2011|url-status=dead|archive-url=https://web.archive.org/web/20121011074739/http://www.thestreet.com/story/1126226/update-chevron-to-acquire-texaco.html|archive-date=October 11, 2012}}{{cite news|title=The Chevron – Texaco Merger / An oil giant emergers / Shareholders approval of Chevron-Texaco deal creates {{as written|ind|usty's [sic]}} lates behemoth.|url=http://articles.sfgate.com/2001-10-10/business/17620887_1_saudi-refining-kenneth-derr-dave-o-reilly|newspaper=San Francisco Chronicle|access-date=May 2, 2011|first=George|last=Raine|date=October 10, 2001}} Completed on October 9, 2001, Chevron temporarily renamed itself to ChevronTexaco between 2001 and 2005; after the company reverted its name to Chevron, Texaco became used as a brand by the company for some of its fueling stations.{{cite web|url=http://pdf.secdatabase.com/59/0000950149-05-000327.pdf |title=Chevron Corp, Form 8-K, Current Report, Filing Date May 10, 2005 |publisher=secdatabase.com |access-date =March 24, 2013}}

2005 also saw Chevron purchase Unocal Corporation for $18.4 billion, increasing the company's petroleum and natural gas reserves by about 15%.{{cite web|url=http://edgar.secdatabase.com/1641/95013405007074/filing-main.htm |title=Chevron Corp, Form 8-K, Current Report, Filing Date Apr 7, 2005 |publisher=secdatabase.com |access-date =March 24, 2013}}{{cite web|url=http://pdf.secdatabase.com/1100/0000950134-05-015530.pdf |title=Chevron Corp, Form 8-K, Current Report, Filing Date Aug 10, 2005 |publisher=secdatabase.com |access-date =March 24, 2013}}{{cite news|title=Chevron plans to buy Unocal for $18.4 billion / Deal would bolster East Bay oil giant's strategically located sources of gas, crude|url=https://www.sfgate.com/news/article/Chevron-plans-to-buy-Unocal-for-18-4-billion-2717732.php|newspaper=San Francisco Chronicle|access-date=May 2, 2011|first=David R.|last=Baker|date=April 5, 2005}}{{cite news|title=Shareholders Vote in Favor Of Unocal Acquisition|url=https://www.washingtonpost.com/wp-dyn/content/article/2005/08/10/AR2005081000986.html|newspaper=The Washington Post|access-date=May 2, 2011|first=Justin|last=Blum|date=August 11, 2005}} Because of Unocal's large South East Asian geothermal operations, Chevron became a large producer of geothermal energy.{{Cite news|title=Chevron claims energy debate| work=BBC News|date=February 19, 2006|url=http://news.bbc.co.uk/2/hi/business/4716334.stm |access-date=December 31, 2009}} 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.{{cite news |url=https://www.latimes.com/archives/la-xpm-1996-11-19-fi-604-story.html |title=76 Products Co. Sold in $1.8-Billion Deal |newspaper=Los Angeles Times |date=November 19, 1996 |last1=O'Dell |first1=John |last2=Kraul |first2=Chris |name-list-style=amp}} The 76 brand is owned by Phillips 66, unaffiliated with Chevron.

Chevron and the Los Alamos National Laboratory started a cooperation in 2006, to improve the recovery of hydrocarbons from oil shale by developing a shale oil extraction process named Chevron CRUSH.

{{Cite news

|publisher=Green Car Congress

|title= Chevron and Los Alamos Jointly Research Oil Shale Hydrocarbon Recovery

|date=September 25, 2006

|url= http://www.greencarcongress.com/2006/09/chevron_and_los.html

|access-date=April 12, 2009}}

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.

{{Cite press release

|publisher = Bureau of Land Management

|title = Interior Department Issues Oil Shale Research, Development and Demonstration Leases for Public Lands in Colorado

|date = December 15, 2006

|url = http://www.blm.gov/co/st/en/BLM_Information/newsroom/2006/OilShaleLeaseIssue.html

|access-date = April 12, 2009

|url-status = dead

|archive-url = https://web.archive.org/web/20090509161636/http://www.blm.gov/co/st/en/BLM_Information/newsroom/2006/OilShaleLeaseIssue.html

|archive-date = May 9, 2009

|df = mdy-all

}}

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

{{Cite news

|newspaper = Denver Business Journal

|title= Chevron leaving Western Slope oil shale project

|date=February 28, 2012

|url= http://www.bizjournals.com/denver/news/2012/02/28/chevron-leaving-western-slope-project.html

|access-date=March 12, 2012}}

In 2008, Chevron Limited, a subsidiary of Chevron, sold its equity distributor business in the UK to GB Oils Limited for £21.9 million.{{Cite web |last= |date=2018-08-18 |title=Chevron sells UK equity distributor business to GB Oils |url=https://forecourttrader.co.uk/news/chevron-sells-uk-equity-distributor-business-to-gb-oils/629765.article |access-date=2025-03-04 |website=Forecourt Trader |language=en}}

Starting in 2010, Chevron began to reduce its retail footprint and expand in domestic natural gas. In July 2010, Chevron ended retail operations in the Mid-Atlantic United States by removing the Chevron and Texaco names from 1,100 stations. In 2011, Chevron acquired Pennsylvania-based Atlas Energy Inc. for $3.2 billion in cash and an additional $1.1 billion in existing debt owed by Atlas.{{cite web|url=http://edgar.secdatabase.com/2361/95012310102884/filing-main.htm |title=Chevron Corp, Form DFAN14A, Filing Date Nov 9, 2010 |publisher=secdatabase.com |access-date =March 24, 2013}}{{cite news|title=Chevron to Buy Atlas Energy for $4.3 Billion|url=https://dealbook.nytimes.com/2010/11/09/chevron-to-buy-atlas-energy-for-3-billion/|newspaper=The New York Times|access-date=May 2, 2011|first=Thomas|last=Kaplan|date=November 9, 2010}}{{cite web|url=http://edgar.secdatabase.com/2470/95012311017688/filing-main.htm |title=Chevron Corp, Form 10-K, Annual Report, Filing Date Feb 24, 2011 |publisher=secdatabase.com |access-date =March 24, 2013}} 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.{{cite web|url=http://marcellusdrilling.com/2011/05/chevron-continues-aggressive-expansion-into-marcellus-shale-in-pa-buys-leases-for-additional-228k-acres-from-chief-oil-gas/|title=Chevron Continues Aggressive Expansion into Marcellus Shale in PA – Buys Leases for Additional 228K Acres from Chief Oil & Gas | Marcellus Drilling News|date=May 5, 2011|publisher=Marcellusdrilling.com|access-date=July 23, 2012}} 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.{{cite news| url=https://www.reuters.com/article/us-chevron-pakistan-total-idUSBRE98G0RB20130917| title=France's Total snaps up Chevron's Pakistan retail network| author=Louise Heavens| work=Reuters| date=September 18, 2013| access-date=June 30, 2017| archive-date=July 30, 2020| archive-url=https://web.archive.org/web/20200730160336/https://www.reuters.com/article/us-chevron-pakistan-total/frances-total-snaps-up-chevrons-pakistan-retail-network-idUSBRE98G0RB20130917| url-status=live}}

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.[https://www.reuters.com/article/us-chevron-assetsale-idUSKCN0HV0SU20141006 Chevron sells stake in Canadian shale field to Kuwait] {{Webarchive|url=https://web.archive.org/web/20200730152115/https://www.reuters.com/article/us-chevron-assetsale/chevron-sells-stake-in-canadian-shale-field-to-kuwait-idUSKCN0HV0SU20141006 |date=July 30, 2020 }}. Reuters, October 7, 2014 Despite these sales, Chevron continued to explore acquisitions, a trend which had reinvigorated in 2019 and extended throughout the COVID-19 pandemic. In April 2019, Chevron announced its 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.{{cite press release | url=http://investors.anadarko.com/news-releases?item=835 | archive-url=https://web.archive.org/web/20190513043330/http://investors.anadarko.com/news-releases?item=835 | url-status=dead | archive-date=May 13, 2019 | title=Chevron Announces Agreement to Acquire Anadarko | date=April 12, 2019 | access-date=April 16, 2019 }} Despite the failed acquisition of Anadarko, Chevron did acquire Noble Energy for $5 billion in July 2020.{{Cite news |date=July 20, 2020 |title=Chevron Acquires Noble Energy for $5 Billion |website=/www.baynews9.com |url=https://www.baynews9.com/fl/tampa/ap-top-news/2020/07/20/chevron-acquires-noble-for-5-billion-in-all-stock-deal |access-date=July 20, 2020}}{{Cite web |date=July 20, 2020 |title=Chevron strikes US$5bn deal to acquire Noble Energy |url=https://www.proactiveinvestors.com/companies/news/924612/chevron-strikes-us5bn-deal-to-acquire-noble-energy-924612.html |access-date=July 23, 2020 |website=Proactiveinvestors NA |language=en}}

Chevron sold its North Sea operations in May 2019 to Ithaca Energy for $2 billion.{{Cite news |date=2019-05-30 |title=Chevron to become second firm to pull out of North Sea exploration |url=https://www.bbc.com/news/uk-scotland-scotland-business-48457991 |access-date=2025-03-04 |language=en-GB}}

Chevron was not spared from the pandemic, however, as Chevron announced reductions of 10–15% of its workforce due to both the pandemic and a 2020 oil price war between Russia and Saudi Arabia.{{Cite web |last1=Eckhouse |first1=Brian |last2=Wethe |first2=David |date=May 29, 2020 |title=Oil-Bust Refugees Are Being Courted By Clean Energy in Texas |url=https://www.bloomberg.com/news/articles/2020-05-29/oil-bust-refugees-are-being-courted-by-clean-energy-in-texas |url-access=subscription |archive-url=https://web.archive.org/web/20200726182927/https://www.bloomberg.com/news/articles/2020-05-29/oil-bust-refugees-are-being-courted-by-clean-energy-in-texas?srnd=green |archive-date=July 26, 2020 |access-date=October 22, 2023 |website=www.bloomberg.com}}{{cbignore}} During the pandemic, Chevron considered a merger with rival ExxonMobil in 2020 during the early stages of the COVID-19 pandemic that drove oil demand sharply down. It would have been one of the largest corporate mergers in history, and a combined Chevron and ExxonMobil (dubbed "Chexxon" by Reuters) would have been the second-largest oil company in the world, trailing only Saudi Aramco.{{cite web |last1=Matthews |first1=Christopher M. |last2=Glazer |first2=Emily |last3=Lombardo |first3=Cara |date=January 31, 2021 |title=WSJ News Exclusive {{!}} Exxon, Chevron CEOs Discussed Merger |url=https://www.wsj.com/articles/exxon-chevron-ceos-discussed-merger-11612126203?mod=hp_lead_pos4 |access-date=January 7, 2022 |website=Wall Street Journal}}{{Cite news |date=2021-02-10 |title=Breakingviews - Chexxon fantasy M&A – who would buy whom? |language=en |work=Reuters |url=https://www.reuters.com/article/us-chevron-m-a-breakingviews-idUSKBN2AA22S |access-date=2022-09-15}}

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. The requirement will begin for workers off the Gulf of Mexico on the first of November.{{Cite web |date=August 23, 2021 |title=U.S. energy firms launching employee COVID-19 vaccination mandates |url=https://www.reuters.com/business/energy/chevron-begins-covid-19-vaccination-mandates-wsj-2021-08-23/ |access-date=August 24, 2021 |website=Reuters |language=en}}{{Cite news |last=Matthews |first=Christopher M. |date=August 23, 2021 |title=WSJ News Exclusive {{!}} Chevron Begins Vaccination Mandates as Covid-19 Roils Oil Fields |language=en-US |work=The Wall Street Journal |url=https://www.wsj.com/articles/chevron-begins-vaccination-mandates-as-covid-19-roils-oil-fields-11629716403 |access-date=August 24, 2021 |issn=0099-9660}}

In the 2020s, Chevron's primary focus was on alternative energy solutions, gradual pullouts from Africa and Southeast Asia, and an increased focus on the Americas with a lessened albeit still present interest in natural gas. 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.{{Cite web|url=https://www.houstonchronicle.com/business/energy/article/Chevron-invests-in-carbon-capture-technology-15063229.php|title=Chevron invests in carbon capture technology company|last=Chapa|first=Sergio|date=February 18, 2020|website=HoustonChronicle.com|language=en-US|access-date=February 28, 2020}} Two years later, Chevron announced that they will acquire Renewable Energy Group, a biodiesel production company based in Ames, Iowa. The acquisition was completed just under four months later on June 13.{{cite web |title=Chevron Completes Acquisition of (REG) |url=https://www.chevron.com/newsroom/2022/q2/chevron-completes-acquisition-of-renewable-energy-group}}{{cite web |title=Chevron Announces Agreement to Acquire Renewable Energy Group |url=https://www.chevron.com/newsroom/2022/q1/chevron-announces-agreement-to-acquire-renewable-energy-group}}

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. However, Chevron's largest American moves in the 2020s were in Venezuela, as the Biden administration relaxed restrictions on Chevron from pumping oil in the South American nation, originally imposed due to corruption scandals and human rights violations by Venezuelan president Nicolás Maduro. 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.{{Cite web |date=2022-11-18 |title=Chevron to acquire full ownership of Beyond6 CNG Fuelling Network |url=https://www.oilfieldtechnology.com/digital-oilfield/18112022/chevron-to-acquire-full-ownership-of-beyond6-cng-fuelling-network/ |access-date=2022-11-18 |website=Oilfield Technology |language=en}}{{Cite web |last=Bushard |first=Brian |title=Biden Administration Allows Chevron To Pump Oil In Venezuela—Here's Why It's So Controversial |url=https://www.forbes.com/sites/brianbushard/2022/11/26/biden-administration-allows-chevron-to-pump-oil-in-venezuela-heres-why-its-so-controversial/ |access-date=2023-01-25 |website=Forbes |language=en}}

On November 29, 2022, Venezuelan Government Petroleum Minister Tarek El Aissami met in Caracas, Venezuela, with the president of Chevron, Javier La Rosa. The Venezuelan ruling party said it was committed to "the development of oil production" after the easing of sanctions.

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. In the case of Petroboscán, current production is nil and, in Petropiar, current records indicate close to 50,000 barrels per day.{{cite web |title="Now to produce!": Maduro's government announces agreements with Chevron to resume operations |date=November 29, 2022 |url=https://www.vozdeamerica.com/a/maduro-firma-acuerdos-chevron-venezuela-petroleo-/6855034.html}}

On March 20, 2023, Tareck El Aissami resigned from his government post amid serious corruption allegations. Moreover, El Aissami, a longtime Maduro ally, has a $10mn US government reward on his head for allegedly facilitating drug trafficking from Venezuela. He played a key role in helping Nicolas Maduro's government dodge US economic sanctions, using his Syrian and Lebanese parentage to open up new business channels to Iran and Turkey.{{cite news |title=Venezuela oil minister resigns as Maduro cracks down on corruption |newspaper=Financial Times|date=March 21, 2023 |url=https://www.ft.com/content/4b8e609f-a62e-4933-b5d1-12fe248bf1dd |last1=Daniels |first1=Joe |last2=Stott |first2=Michael }}

On January 5, 2022, Chevron temporarily decreased production in Kazakhstan's Tengiz Field due to the 2022 Kazakh protests, which were motivated by heavy oil price increases.{{Cite news |date=January 5, 2022 |title=News updates from January 6: Chevron adjusts output at Kazakhstan oilfield, Johnson offers apology over donor messages, Rivian shares fall below IPO price |work=Financial Times |url=https://www.ft.com/content/0e07461f-6d19-4831-9cbe-bb7588351f56 |url-access=subscription |access-date=January 11, 2022 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/0e07461f-6d19-4831-9cbe-bb7588351f56 |archive-date=December 10, 2022}} Later that month, Chevron also announced it would end all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the 2021 Myanmar coup d'état.{{Cite news|agency=Associated Press|date=January 21, 2022|title=2 big energy firms exit Myanmar over human rights abuses by the military government|language=en|work=NPR|url=https://www.npr.org/2022/01/21/1074792462/chevron-total-myanmar-human-rights|access-date=January 21, 2022}} A statement released by the company on its website stated while Chevron was committed to an orderly exit which ensured it could still provide energy to Southeast Asia, Chevron remained firmly opposed to the human rights violations committed by the current military rule in Myanmar.{{Cite web|title=Chevron's View on Myanmar|url=https://www.chevron.com/stories/chevrons-view-on-myanmar|access-date=January 28, 2022|website=Chevron|language=en-us}}

Also in 2022, Chevron was reported to explore the sale of stakes in three fields located in Equatorial Guinea. It was suggested by Reuters that the sales are intended to attract smaller oil companies.{{Cite news |last1=Bousso |first1=Ron |last2=French |first2=David |date=February 21, 2022 |title=Chevron seeks to sell Equatorial Guinea oil and gas assets -sources |language=en |work=Reuters|url=https://www.reuters.com/business/energy/chevron-seeks-sell-equatorial-guinea-oil-gas-assets-sources-2022-02-21/ |access-date=February 22, 2022}}

Chevron, however, did not do business in the 2020s without controversy and regulatory obstacles. 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. According to the United States Department of Justice and United States Environmental Protection Agency, Chevron and Phillips failed to properly flare at the plants, causing excess air pollution. The companies agreed to add pollution control systems to the plants as well.{{Cite web |last=Associated Press |date=March 10, 2022 |title=Chevron Phillips agrees to cut pollution at 3 Texas plants |url=https://www.khou.com/article/news/local/chevon-phillips-to-cut-pollution-at-texas-plants/285-a043b850-3bc4-45be-83f0-eca85ec50131 |access-date=March 10, 2022 |website=khou.com |language=en-US}}

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. In total, Chevron made US$246.3 billion in revenue and $36.5 billion in profit within 2022, both of which are records for the company. 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.{{Cite web |last=Isidore |first=Chris |date=2023-01-27 |title=Chevron earnings soar to a record|url=https://www.cnn.com/2023/01/27/investing/chevron-record-earnings/index.html |access-date=2023-02-03 |website=CNN News|language=en}}{{cite news |title=Oil giants reap record profits as war rages in Ukraine, energy prices soar: Here's how much they made |url=https://eu.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/ |work=USA Today |date=May 7, 2022}}{{cite news |date=April 29, 2022 |title="Big Oil is intentionally profiteering from the war": Exxon profits double after Putin's invasion |work=Salon |url=https://www.salon.com/2022/04/29/big-oil-is-intentionally-profiteering-from-the-war-exxon-profits-double-after-putins-invasion_partner/}}{{Cite web |last=Norton |first=Kit |date=2023-01-26 |title=Chevron Returns $75 Billion To Shareholders As White House Fumes |url=https://www.investors.com/news/chevron-returns-75-billion-to-shareholders-as-white-house-fumes/ |access-date=2023-01-26 |website=Investor's Business Daily |language=en-US}}{{Cite web |last=Morrow |first=Allison |date=2023-01-26 |title=Swimming in cash, Chevron plans a $75 billion slap in the face to drivers |url=https://www.cnn.com/2023/01/26/business/nightcap-chevron-stock-buyback/index.html |access-date=2023-01-26 |website=CNN News|language=en}}{{Cite web |last=Surran |first=Carl |date=2023-01-26 |title=Chevron surges on eye-catching buyback plan; raised dividend yield tops Exxon (NYSE:CVX) {{!}} Seeking Alpha |url=https://seekingalpha.com/news/3928462-chevron-surges-on-eye-catching-buyback-plan-raised-dividend-yield-tops-exxon |access-date=2023-01-26 |website=seekingalpha.com |language=en}}

The 2020s also saw efforts by Chevron to expand into the clean energy industry. Across the 2020s, Chevron invested stakes into fusion power companies, the two largest of them being Zap Energy and TAE Technologies.{{Cite web |last=Ellichipuram |first=Umesh |date=2020-08-13 |title=Chevron announces investment in nuclear fusion start-up Zap Energy |url=https://www.power-technology.com/news/chevron-announces-investment-nuclear-fusion-start-up-company-zap-energy/ |access-date=2023-09-14 |website=Power Technology |language=en-US}}{{Cite web |last=Clifford |first=Catherine |date=2022-07-19 |title=Google and Chevron invest in nuclear fusion startup that's raised $1.2 billion |url=https://www.cnbc.com/2022/07/19/google-chevron-invest-in-fusion-startup-tae-technologies.html |access-date=2023-09-14 |website=CNBC|language=en}} September 2023 saw Chevron acquire a majority stake in a Utah hydrogen storage facility, which is poised to be the world's largest storage facility for hydrogen in renewable energy.{{Cite news |last=Valle |first=Sabrina |date=2023-09-12 |title=Chevron buys world's biggest hydrogen storage plant in Utah |language=en |work=Reuters |url=https://www.reuters.com/sustainability/chevron-buys-majority-stake-utah-hydrogen-project-2023-09-12/ |access-date=2023-09-13}}

In October 2023, Chevron Corporation acquired Hess Corporation in an all-stock deal for $53 billion.{{Cite web |title=Chevron buys Hess Corporation for $53 billion, another acquisition in oil, gas industry |url=https://www.usatoday.com/story/money/2023/10/23/chevron-buys-hess-corporation/71286618007/ |access-date=2023-10-23 |website=USA TODAY |language=en-US}}{{cite news |title=Chevron to buy Hess Corp for $53 billion in all-stock deal |url=https://www.reuters.com/markets/deals/chevron-buy-hess-corp-53-bln-stock-2023-10-23 |publisher=Reuters |date=October 23, 2023}} The acquisition, which was announced on October 23, 2023, opens up new opportunities in the US shale plays and in oil-rich Guyana. Hess Corporation, ExxonMobil and China's CNOOC, key players in Guyana, have been producing a combined 400,000 barrels per day from two offshore projects. With the potential to develop 10 more projects, Guyana becomes one of the fastest-growing oil regions that Chevron now has access to.{{Cite news|language=en|url=https://economictimes.indiatimes.com/news/international/us/chevrons-game-changing-53-billion-deal-with-hess-corp-a-bold-step-into-guyanas-oil-boom/articleshow/104653203.cms|title=Chevron's game-changing $53 billion deal with Hess Corp: A bold step into Guyana's oil boom|website=The Economic Times|date=October 23, 2023 |access-date=2024-02-07|archive-date=2023-11-20|archive-url=https://web.archive.org/web/20231120134219/https://economictimes.indiatimes.com/news/international/us/chevrons-game-changing-53-billion-deal-with-hess-corp-a-bold-step-into-guyanas-oil-boom/articleshow/104653203.cms}} Hess approved the merger in May 2024, but the deal was held up by an arbitration claim from ExxonMobil, which argued that it had right of first refusal on Hess's Guyana oil field shares.{{Cite web |date=2024-05-28 |title=Hess shareholders approve merger with Chevron |url=https://www.reuters.com/markets/deals/hess-shareholders-approve-merger-with-chevron-2024-05-28/ |access-date=2025-03-04 |website=Reuters}}{{Cite web |date=2024-07-18 |title=Exxon clash with Chevron hinges on change of control of Hess' Guyana asset, sources say |url=https://www.reuters.com/business/energy/exxon-clash-with-chevron-hinges-change-control-hess-guyana-asset-sources-say-2024-07-18/ |access-date=2025-03-04 |website=Reuters}} In September 2024, the Federal Trade Commission cleared the merger if Hess CEO John B. Hess is refused a place on Chevron’s board.{{Cite news |last=Elliott |first=Rebecca F. |date=2024-09-30 |title=F.T.C. Clears Chevron's Purchase of Hess With Board Condition |url=https://www.nytimes.com/2024/09/30/business/energy-environment/ftc-chevron-hess-board.html |access-date=2025-03-04 |work=The New York Times |language=en-US |issn=0362-4331}}{{Cite web |date=2025-01-17 |title=US FTC finalizes consent order for $53 bln Chevron-Hess merger |url=https://www.reuters.com/markets/deals/us-ftc-finalizes-consent-order-53-bln-chevron-hess-merger-2025-01-17/ |access-date=2025-03-04 |website=Reuters}}

In 2023, Chevron entered into a 10-year agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to license, manufacture, distribute and sell Chevron lubricants in India under the Caltex brand.{{Cite news|language=en|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/chevrons-caltex-lubes-returns-to-india-after-12-years-hpcl-to-market-it/articleshow/104705980.cms|title=Chevron's Caltex Lubes returns to India after 12 years; HPCL to market it|website=The Economic Times|date=October 25, 2023 |access-date=2024-02-07|archive-date=2023-11-30|archive-url=https://web.archive.org/web/20231130190549/https://economictimes.indiatimes.com/industry/energy/oil-gas/chevrons-caltex-lubes-returns-to-india-after-12-years-hpcl-to-market-it/articleshow/104705980.cms |last1=Pathak |first1=Kalpana }}

In August 2024, Chevron earmarked $1 billion in a new research and development (R&D) hub called Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru, India.{{Cite news |title=Chevron to set up engineering & innovation center with $1bn investment |url=https://www.business-standard.com/companies/news/chevron-to-set-up-engineering-innovation-center-with-1bn-investment-124082000974_1.html}}{{Cite news |last=Bakshi |first=Sameer Ranjan |date=2024-08-21 |title=Energy company Chevron to set up $1 billion Bengaluru tech centre |url=https://economictimes.indiatimes.com/tech/technology/energy-company-chevron-to-set-up-1-billion-bengaluru-tech-centre/articleshow/112660029.cms?from=mdr |access-date=2024-08-21 |work=The Economic Times |issn=0013-0389}}

In October 2024, Chevron sold some of its Kuparuk and Prudhoe Bay oil fields in Alaska to ConocoPhillips Alaska for $300 million.{{Cite web |last=Brooks |first=James |date=2024-10-03 |title=ConocoPhillips buys most remaining Chevron oil holdings on North Slope • Alaska Beacon |url=https://alaskabeacon.com/briefs/conocophillips-buys-most-remaining-chevron-oil-holdings-on-north-slope/ |access-date=2025-03-04 |website=Alaska Beacon |language=en-US}}{{Cite web |title=ConocoPhillips agrees to buy Chevron assets in two North Slope fields in $300M deal |url=https://www.adn.com/business-economy/energy/2024/10/04/conocophillips-agrees-to-buy-chevron-assets-in-two-north-slope-fields-in-300m-deal/ |access-date=2025-03-04 |website=Anchorage Daily News}}

The first logo featured the legend "Pacific Coast Oil Co.", the name adopted by the company when it was established in 1879. Successive versions showed the word 'Standard' (for "The Standard Oil of California"). In 1968, the company introduced the word 'Chevron' (which was introduced as a brand in the 1930s) for the first time in its logo. In July 2014, the Chevron Corporation logo design was officially changed, although it has been used since 2000. By 2015, the logo had been changed multiple times, with three different color schemes applied in the logo. The logo was gray, then blue, and then turned red before returning to the silver gray it is today.{{Cite web|title=Chevron - Logo in EPS, PNG & JPG Formats|url=https://logoose.com/logo/Chevron/42|access-date=January 26, 2022|website=logoose.com|archive-date=June 29, 2022|archive-url=https://web.archive.org/web/20220629065528/https://logoose.com/logo/Chevron/42|url-status=dead}}{{Cite web|title=Chevron Logo, history, meaning, symbol, PNG|url=https://logos-world.net/chevron-logo/|access-date=January 26, 2022|language=en-US}}

File:Pacific coast oil logo.png|1879–1906
("Pacific Coast Oil Co.")

File:Standardoil calif logo 1931.png|1931–1948

File:Chevron Logo 1948.jpg|1948–1968{{Cite web|title=Chevron Logo|url=https://freepnglogo.net/download/chevron-logo/|access-date=June 21, 2023|language=en-US}}

File:Chevron logo1969.png|1968–2007

File:Chevron Logo.svg|2004–present{{cite web|title=The Evolution of 5 Oil and Gas Logos|url=http://www.castagra.com/2014/10/evolution-5-oil-gas-logos/|website=Castagra|access-date=March 31, 2017|archive-url=https://web.archive.org/web/20190825161226/http://www.castagra.com/2014/10/evolution-5-oil-gas-logos/|archive-date=August 25, 2019|url-status=dead}}

Chevron today is well known for its slogan "the human energy company", a campaign first launched in September 2007. In a corporate blog, Chevron states "human energy" was chosen as their campaign's slogan and focus because "human energy captures our positive spirit in delivering energy to a rapidly changing world". The slogan remains prominent in Chevron advertising, and Chevron has derived from this slogan to use phrases in marketing such as "it's only human".{{Cite web |title=Chevron Announces New Global 'Human Energy' Advertising Campaign {{!}} Chevron Corporation |url=https://chevroncorp.gcs-web.com/news-releases/news-release-details/chevron-announces-new-global-human-energy-advertising-campaign |access-date=December 7, 2021 |website=chevroncorp.gcs-web.com |language=en}}{{Cite web |title=Chevron Launches "Human Energy" Campaign |url=https://csnews.com/chevron-launches-human-energy-campaign |access-date=2023-02-06 |website=Convenience Store News |date=October 2007 |language=en}}{{Cite web |last=Beer |first=Mitchell |date=2022-10-06 |title=Parody Ad Spoofs Chevron Messaging |url=https://www.theenergymix.com/2022/10/05/parody-ad-spoofs-chevron-messaging/ |access-date=2023-02-06 |website=The Energy Mix |language=en-US}}

As of December 31, 2018, Chevron had approximately 48,600 employees (including about 3,600 service station employees). Approximately 24,800 employees (including about 3,300 service station employees), or 51 percent, were employed in U.S. operations.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/93410/000009341019000008/cvx12312018-10kdoc.htm|title=Chevron Corporation 2018 Annual Report (Form 10-K)|website=U.S. Securities and Exchange Commission}}

Chevron's dominant regions of production are North America, which produces 1.2 billion barrels of oil equivalent (BBOE), and Eurasia, which produces 1.4 BBOE. Chevron's Eurasian-Pacific operations are concentrated in the United Kingdom, Southeast Asia, Kazakhstan, Australia, Bangladesh, and greater China. Chevron additionally operates in South America, the west coast of sub-Saharan Africa (mainly Nigeria and Angola), Egypt, and Iraq; these four regions collectively produce 0.4 BBOE. Chevron's largest revenue products are shale and tight, though produces considerable revenue from heavy oil, deepwater offshore drilling, conventional oil, and liquefied natural gas.{{Cite web |date=2023-03-06 |title=Europeans 'Don't Intend to Go Back' to Russian Natural Gas, Says Chevron CEO |url=https://www.naturalgasintel.com/europeans-dont-intend-to-go-back-to-russian-natural-gas-says-chevron-ceo/ |access-date=2023-03-07 |website=Natural Gas Intelligence |language=en-US}}

In October 2015, Chevron announced that it was cutting up to 7,000 jobs, or 11 percent of its workforce.{{cite web|title=Chevron cutting up to 7,000 jobs|url=http://www.cbsnews.com/news/chevron-cutting-up-to-7000-jobs/|website=CBS|date=October 30, 2015 |access-date=October 30, 2015}} Because of the COVID-19 pandemic and 2020 Russia–Saudi Arabia oil price war, Chevron announced reductions of 10–15% of its workforce.

File:Chevron Barrow Island Visit October 2021 - 51648672393.jpg facilities]]

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. As of December 31, 2018, the company's upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/93410/000009341019000008/cvx12312018-10kdoc.htm|title=Chevron Corporation 2018 Annual Report (Form 10-K)|website=U.S. Securities and Exchange Commission}}

In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying {{convert|4000000|acre|km2}} across the Permian Basin, located in West Texas and southeastern New Mexico. In 2010, Chevron was the fourth-largest producer in the region.{{cite news|url=https://www.wsj.com/articles/SB10001424052748704530204576232663668256674 |work=The Wall Street Journal|first=Isabel|last=Ordonez|title=Chevron Rekindles Old Texas Flame|date=April 8, 2011}} In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil.{{cite web|url=http://www.mywesttexas.com/local_newsroom/article_6bffed75-f616-58fa-9ef6-428fd17c5b11.html|title=Chevron celebrates 5 billion barrels of Permian Basin crude – Mywesttexas.com: Local Newsroom|publisher=Mywesttexas.com|date=February 16, 2011|access-date=July 23, 2012}} The Gulf of Mexico is where the company's deepest offshore drilling takes place at Tahiti and Blind Faith. 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 Corporation in 2020.{{Cite press release |publisher=EQT Corporation |title=EQT Announces the Acquisition of Chevron's Appalachia Assets |url=https://www.prnewswire.com/news-releases/eqt-announces-the-acquisition-of-chevrons-appalachia-assets-301161054.html |access-date=2023-02-16 |via=www.prnewswire.com |language=en}}

In December 2019, Chevron announced the Anchor Field project, a deepwater high-pressure oil development in the Gulf of Mexico.{{Cite web |date=2019-12-12 |title=Chevron sanctions Anchor project in deepwater US Gulf of Mexico |url=https://www.ogj.com/exploration-development/article/14073529/chevron-sanctions-anchor-project-in-deepwater-us-gulf-of-mexico |access-date=2025-03-05 |website=Oil & Gas Journal |language=en}} The $5,7 billion project is able to extract 75,000 barrels of crude oil as well as 28 million cubic feet of natural gas per day and started production in August 2024.{{Cite web |date=2019-12-16 |title=Chevron Sanctions Anchor Project In The Deepwater U.S. Gulf Of Mexico {{!}} Ocean News & Technology |url=https://oceannews.com/news/energy/chevron-sanctions-anchor-project-in-the-deepwater-u-s-gulf-of-mexico/ |access-date=2025-03-05 |website=oceannews.com |language=en-US}}{{Cite web |date=2024-08-12 |title=Industry First: Deepwater Tech Brings Chevron's Anchor Field Online (Video) |url=https://www.oedigital.com/news/515877-industry-first-deepwater-tech-brings-chevron-s-anchor-field-online-video |access-date=2025-03-05 |website=Offshore Engineer Magazine |language=en}} Co-owner of the project is Total E&P USA Inc, a subsidiary of TotalEnergies, with 37.14% working interests.{{Cite web |title=Chevron sanctions Anchor project in Deepwater Gulf of Mexico |url=https://www.workboat.com/offshore/chevron-sanctions-anchor-project-in-deepwater-gulf-of-mexico |access-date=2025-03-05 |website=www.workboat.com |language=en}}

Chevron's largest single resource project is the $43 billion Gorgon Gas Project in Australia. It also produces natural gas from Western Australia. The $43 billion project was started in 2010, and was expected to be brought online in 2014.{{cite news|url=http://www.theaustralian.com.au/news/world/why-this-love-triangle-works/story-e6frg6ux-1226114041986|first=Geoffrey|last=Garrett|title=Why this love triangle works|date=August 13, 2011|work=The Australian}} The project includes construction of a 15 million tonne per annum liquefied natural gas plant on Barrow Island, and a domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia.{{cite news|url=http://www.perthnow.com.au/business/local-business/chevrons-gorgon-project-taking-shape/story-e6frg2s3-1225998797048|title=Chevron's Gorgon project taking shape | Latest Business & Australian Stock market News|newspaper=Perth Now|date=February 2, 2011|access-date=July 23, 2012}}

It is also developing the Wheatstone liquefied natural gas development in Western Australia. The foundation phase of the project is estimated to cost $29 billion; it will consist of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure.{{cite news|url=http://www.theaustralian.com.au/archive/business-old/chevron-lng-project-to-generate-6500-jobs-says-roy-krzywosinski/story-e6frg9ef-1226075619209|first=Andrew|last=Burrell|title=Chevron's Wheatstone LNG project to generate 6,500 jobs, says Roy Krzywosinski|date=June 15, 2011|work=The Australian}} 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.{{cite news|title=Higher interim dividend by Santos as oil and gas revenue rises|url=http://www.australiannews.net/index.php/sid/225005177|date=August 21, 2014|access-date=August 22, 2014|publisher=Australian News.Net}} 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.{{Cite web|url=http://www.nwsssc.com/project/participants/|title=Participants – NWSSSC|website=www.nwsssc.com|access-date=May 7, 2019}} Presently, Chevron is looking to convert its Gorgon Island operations from upstream production to carbon capture and storage.{{Cite web |date=2022-07-06 |title=Chevron says Gorgon carbon capture just the start |url=https://www.afr.com/companies/energy/chevron-says-gorgon-carbon-capture-just-the-start-20220706-p5azjx |access-date=2023-02-16 |website=Australian Financial Review |language=en}}

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. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant.{{cite web|url=http://www.hydrocarbons-technology.com/projects/escravos/|title=Escravos Gas-to-Liquids Project, Niger Delta|publisher=Hydrocarbons Technology|date=June 15, 2011|access-date=July 23, 2012}}

Chevron 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. It is also a leading partner in Angola LNG plant.{{cite web|url=http://seekingalpha.com/symbol/cvx/description|title=Chevron Corporation (CVX) Stock Description|publisher=Seeking Alpha|date=December 31, 2009|access-date=July 23, 2012}}{{cite web|url=http://www.angola-today.com/2011/05/angola-lng/|title=Angola LNG|publisher=Angola Today|access-date=July 23, 2012|archive-url=https://web.archive.org/web/20120907031405/http://www.angola-today.com/2011/05/angola-lng/|archive-date=September 7, 2012|url-status=dead}}

In Kazakhstan, Chevron participate the Tengiz and Karachaganak projects.{{cite news|url=https://www.forbes.com/sites/greatspeculations/2011/10/13/chevron-rises-to-104-as-kazakhstan-kicks-up-production/ | title = Chevron Rises To $104 As Kazakhstan Kicks Up Production |work=Forbes| date = October 13, 2011 | access-date = June 23, 2013}} In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea.{{cite news|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2414376|archive-url=https://web.archive.org/web/20130502062440/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2414376|url-status=dead|archive-date=May 2, 2013|title=Caspian Pipeline Consortium: Private Company Information – Businessweek|publisher=Investing.businessweek.com|date=September 20, 2011|access-date=July 23, 2012}}

As of 2013, the Rosebank oil and gas field west of Shetland was being evaluated by Chevron and its partners. Chevron drilled its discovery well there in 2004. Production was expected in 2015 if a decision was made to produce from the field. The geology and weather conditions are challenging.{{cite news|title=Chevron to Spend $770 Million on Remote Projects|url=https://www.nytimes.com/2013/07/24/business/energy-environment/chevron-to-spend-770-million-on-remote-projects.html|access-date=July 23, 2013|newspaper=The New York Times|date=July 23, 2013|author=Stanley Reed}}

As of 2019, outside of maritime shipping, Chevron did not own significant midstream assets; that year it attempted to purchase Anadarko Petroleum, which owned pipelines,{{Cite web|url=https://www.cnbc.com/2019/04/12/why-oil-giant-chevron-is-buying-anadarko-petroleum-for-33-billion.html|title=Why oil giant Chevron is buying Anadarko Petroleum for $33 billion|last=DiChristopher|first=Tom|date=April 12, 2019|website=CNBC|language=en|access-date=October 22, 2019}} but was outbid by Occidental Petroleum.{{cite news|url=https://www.cnn.com/2019/04/24/business/anadarko-occidental-oil-bidding-war/index.html|title=Oil bidding war: Occidental trumps Chevron's deal for Anadarko|last=Egan|first=Matt|date=April 24, 2019|work=CNN}} 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. Noble Midstream also has 2 crude oil terminals in the DJ Basin as well as freshwater delivery systems.

File:Chevron oil tanker in Richmond, CA.jpg

Chevron Shipping Company, a wholly owned subsidiary, provides the maritime transport operations, marine consulting services and marine risk management services for Chevron Corporation. 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. Samuel Ginn, William E. Crain, Kenneth Derr, Richard Matzke and most notably Condoleezza Rice were among those honored, but the ship named after Rice was subsequently renamed as Altair Voyager.{{cite news |last=Marinucci |first=Carla |author-link=Carla Marinucci |date=May 5, 2001 |title=Chevron redubs ship named for Bush aide |work=San Francisco Chronicle |url=http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2001/05/05/MN223743.DTL |access-date=October 13, 2008}}{{Cite web |title=Chevron Shipping Operations and Fleet |url=https://www.chevron.com/operations/transportation/shipping |access-date=2022-09-15 |website=chevron.com |publisher=Chevron Corporation |language=en-us}}

File:Chevron El Segundo refinery, 2007.jpg refinery, among its largest refining facilities.]]

Chevron's downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010, Chevron sold an average of {{convert|3.1|Moilbbl/d}} of refined products like gasoline, diesel and jet fuel.{{cite web|url=https://www.sec.gov/Archives/edgar/data/93410/000095012311017688/f56670e10vk.htm#F56670118 |title=e10vk|publisher=Sec.gov|access-date=July 23, 2012}} The company operates approximately 19,550 retail sites in 84 countries. 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.{{Cite web |title=Retail & Commercial Fuel Sales |url=http://canada.chevron.com/our-businesses/retail-and-commercial-fuels |access-date=2022-09-15 |website=chevron.com |publisher=Chevron Corporation |language=en-us}}{{Cite web |title=Singapore Highlights of Operations |url=https://www.chevron.com/worldwide/singapore |access-date=2022-09-15 |website=chevron.com |publisher=Chevron Corporation |language=en-us}} Chevron owns the trademark rights to Texaco and Caltex fuel and lubricant products.{{Cite web |title=Caltex Fuels and Lubricants |url=https://www.chevron.com/operations/products-services/caltex-fuels-lubricants |access-date=2022-09-15 |website=chevron.com |publisher=Chevron Corporation |language=en-us}}

Chevron, with equal partner Singapore Petroleum Company, also owns half of the {{convert|285000|oilbbl/d|m3/d}} Singapore Refining Company (SRC) plant, a complex refinery capable of cracking crude oil.{{cite web|url=https://www.chevron.com/worldwide/singapore|title=Singapore|website=Chevron Corporation|access-date=19 November 2022}}{{cite web|url=http://www.caltex.com/sg/about/caltex-in-singapore/|title=Caltex in Singapore|website=Caltex Singapore|archive-url=https://web.archive.org/web/20111214060333/http://www.caltex.com/sg/about/caltex-in-singapore/|archive-date=14 December 2011|url-status=dead}} The investment was first made in 1979 when Caltex was a one-third partner.

In 2010, Chevron processed {{convert|1.9|Moilbbl/d}} of crude oil. It owns and operates Five active refineries in the United States (Richmond, CA, El Segundo, CA, Salt Lake City, UT, Pascagoula, MS, Pasadena, TX ). Chevron is the non-operating partner in seven joint venture refineries, located in Australia,{{cite news| url=https://www.bloomberg.com/news/2011-08-22/caltex-australia-starts-review-of-refineries-as-margins-drop.html|work=Bloomberg L.P.|first=James|last=Paton|title=Caltex Australia Starts Review of Refineries as Margins Drop|date=August 22, 2011}} Pakistan,{{cite news|author=Tanveer Ahmed|url=http://www.dailytimes.com.pk/default.asp?page=2010%5C07%5C01%5Cstory_1-7-2010_pg5_5|title=PSO willing to raise stakes in PRL|newspaper=Daily Times|date=July 1, 2010|access-date=July 23, 2012}} Singapore, Thailand, South Korea, and New Zealand.{{cite news|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a84KLWmavpMw|work=Bloomberg L.P.|title=N.Z. Refining Jumps After Valero Said to Plan Bid (Update2)|date=July 24, 2009}} Chevron's United States refineries are located in Gulf and Western states. Chevron also owns an asphalt refinery in Perth Amboy, New Jersey; however, since early 2008 that refinery has primarily operated as a terminal.{{cite web|url=http://www.eia.gov/neic/rankings/refineries.htm|title=Refining Crude Oil – Energy Explained, Your Guide To Understanding Energy |publisher=Eia.gov|access-date=July 23, 2012}}

{{Main|Chevron Phillips Chemical}}

Chevron's primary chemical business is in a 50/50 joint venture with Phillips 66, organized into the Chevron Phillips Chemical Company. Chevron also operates the Chevron Oronite Company, which develops, manufactures and sells fuel and lubricant additives.Arthur J. Caines, Roger F. Haycock, John E. Hillier (2004) Automotive Lubricants Reference Book; John Wiley & Sons; see p70/737

File:ChevronInWyoming.jpg (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. Chevron's highest concentration of stations branded as Chevron are in California (mostly in the San Francisco Bay Area, Central Valley, and Greater Los Angeles), Las Vegas, Anchorage, the Pacific Northwest (especially Seattle), Phoenix, Atlanta, the Texas Triangle, and South Florida.{{Cite web |title=Number of Chevron locations in the United States in 2022 |url=https://www.scrapehero.com/location-reports/Chevron-USA/ |access-date=2022-09-16 |website=ScrapeHero |language=en}} The world's largest Chevron gas station is located at Terrible's Road House in Nevada.

Chevron also utilizes the Texaco brand within the United States, though its locations are much more sparsely-spread than that of Chevron. Texaco is used at 1,346 locations across 17 states, mostly in Washington, Texas, Louisiana, Alabama, Mississippi, Georgia, and Hawaii.{{Cite web |title=Number of Texaco locations in the United States in 2022 |url=https://www.scrapehero.com/location-reports/Texaco-USA/ |access-date=2022-09-16 |website=ScrapeHero |language=en}} Additionally, Texaco licenses its brand to Valero Energy to use in the United Kingdom, and over 730 Texaco stations exist in Britain.{{Cite web |title=Texaco UK {{!}} Motorists Information |url=https://texaco.co.uk/motorists/motorists-information |access-date=2022-09-16 |website=texaco.co.uk}}

Chevron primarily uses the Caltex brand outside of the United States, primarily in Southeast Asia, Hong Kong, Pakistan, New Zealand, and South Africa. In 2015, Chevron sold its 50% stake in Caltex Australia, while allowing the company to continue using the Caltex brand. In 2019, Chevron announced it would re-enter the Australian market by purchasing Puma Energy's operations in the country. The acquisition was completed in July 2020. Chevron relaunched the Caltex brand in Australia in 2022, after the expiration of Caltex Australia's license to use the Caltex brand.{{Cite web |title=Our Journey |url=https://www.caltex.com/sg/about-us/who-we-are/our-journey.html |access-date=2022-09-16 |website=Caltex Singapore |language=en}}{{Cite news |date=July 1, 2020 |title=Chevron acquires Puma Energy |url=https://www.hydrocarbonengineering.com/refining/01072020/chevron-acquires-puma-energy/ |access-date=May 13, 2020}}{{cite web|url=https://www.afr.com/companies/energy/chevron-to-revive-caltex-brand-for-puma-network-20200802-p55hta|title=Chevron to revive Caltex brand for Puma network|publisher=Australian Financial Review|date=August 2, 2020|access-date=August 25, 2020}}{{cite web |date=July 1, 2020 |title=Chevron completes acquisition of Puma Energy (Australia) Holdings Pty Ltd |url=https://australia.chevron.com/news/2020/puma-energy-acquisition |access-date=August 25, 2020 |publisher=Chevron Australia}}{{Cite web |title=Caltex is back with big plans for the future |url=https://www.tradetrucks.com.au/product-news/2209/caltex-is-back-with-big-plans-for-the-future |access-date=2022-09-16 |website=TradeTrucks.com.au |date=September 15, 2022 |language=en}}[https://www.pumaenergy.com/press-releases/2019/12/19/puma-energy-announces-sale-of-puma-energy-australia-fuels-business-to-chevron/ Puma Energy announces sale of Puma Energy Australian fuel business to Chevron] December 19, 2019

File:Solarmine1.jpg photovoltaic solar project in Fellows, California ]]

Chevron's alternative energy operations include geothermal solar, wind, biofuel, fuel cells, and hydrogen.{{cite news| url=https://www.latimes.com/archives/la-xpm-2010-mar-22-la-fi-chevron-solar22-2010mar22-story.html| newspaper = Los Angeles Times |first=Tiffany|last=Hsu|title=Chevron is putting solar technologies to the test|date=March 22, 2010 | access-date = July 11, 2013}} In 2021 it significantly increased its use of biofuel from dairy farms, like biomethane.{{cite web |last1=Klinge |first1=Naomi |title=BP and Chevron buy into renewable natural gas |url=https://www.upstreamonline.com/energy-transition/bp-and-chevron-buy-into-renewable-natural-gas/2-1-1057147 |website=Upstream |date=August 25, 2021 |access-date=March 20, 2022}}

Chevron has claimed to be the world's largest producer of geothermal energy. The company's primary geothermal operations were located in Southeast Asia, but these assets were sold in 2017.{{cite news|url=http://www.businessweek.com/magazine/harnessing-the-heat-of-indonesias-volcanoes-07072011.html|archive-url=https://web.archive.org/web/20110712150836/http://www.businessweek.com/magazine/harnessing-the-heat-of-indonesias-volcanoes-07072011.html|url-status=dead|archive-date=July 12, 2011|title=Harnessing the Heat of Indonesia's Volcanoes|work=Bloomberg Businessweek|date=July 7, 2011|access-date=July 23, 2012}}{{cite news|url=http://business.financialpost.com/2011/06/15/chevron-bets-on-30b-volcanoes-beneath-rainforest/|title=Chevron bets on $30B volcanoes beneath rainforest | newspaper = Financial Post| date=June 15, 2011|access-date=July 23, 2012}}{{cite web|url=http://thinkgeoenergy.com/archives/2060|title=Chevron to expand its geothermal sites in the Philippines |publisher=Think GeoEnergy|date=June 21, 2010|access-date=July 23, 2012}}{{cite news|url=http://www.reuters.com/article/amp/idUSKBN14C0OW|title= Indonesia, Philippine groups acquire Chevron's $3 billion geothermal assets|work=Reuters|date=December 26, 2016|access-date=February 5, 2020}}

Prior, Chevron operated geothermal wells in Indonesia providing power to Jakarta and the surrounding area. In the Philippines, Chevron also operated geothermal wells at Tiwi field in Albay province, the Makiling-Banahaw field in Laguna and Quezon provinces.{{cite web|url=http://www.philstar.com/business/485857/aboitiz-chevron-eye-more-drillings-tiwi-makban-geothermal-fields |title=Aboitiz, Chevron eye more drillings at Tiwi-Makban geothermal fields |date=July 13, 2009 |work=Business |publisher=Philstar.com |location=Philippines}}

In 2007, Chevron and the United States Department of Energy's National Renewable Energy Laboratory (NREL) started collaboration to develop and produce algae fuel, which could be converted into transportation fuels, such as jet fuel.{{cite news|url=http://www.businessgreen.com/bg/news/1801081/chevron-backs-green-slimy-answer-biofuel|title=Chevron backs green and slimy answer to biofuel problems – 02 Nov 2007 – News from |publisher=BusinessGreen|access-date=July 23, 2012}} In 2008, Chevron and Weyerhaeuser created Catchlight Energy LLC, which researches the conversion of cellulose-based biomass into biofuels.{{cite news|url=http://www.businessgreen.com/bg/news/1806482/chevron-investigates-wood-fired-cars|title=Chevron investigates wood-fired cars – 04 Mar 2008 – News from|publisher=BusinessGreen|access-date=July 23, 2012}} In 2013, the Catchlight plan was downsized due to competition with fossil fuel projects for funds.{{cite web|url=https://www.bloomberg.com/news/2013-04-18/chevron-defies-california-on-carbon-emissions.html|title=Chevron Defies California On Carbon Emissions|date=April 18, 2013|work=Bloomberg L.P.|access-date=September 20, 2014}}

Between 2006 and 2011, Chevron contributed up to $12 million to a strategic research alliance with the Georgia Institute of Technology to develop cellulosic biofuels and to create a process to convert biomass like wood or switchgrass into fuels.

Additionally, Chevron holds a 22% stake in Galveston Bay Biodiesel LP, which produces up to {{convert|110|e6USgal|m3}} of renewable biodiesel fuel a year.{{cite news|url=http://www.bizjournals.com/sacramento/stories/2006/06/12/daily34.html?jst=b_ln_hl|title=Chevron forms $12M biofuel research alliance|publisher=Bizjournals.com |date=June 15, 2006}}{{cite news|url=http://www.bizjournals.com/houston/stories/2007/05/28/daily4.html|title=BioSelect, Chevron unveil Galveston biodiesel plant|publisher=Bizjournals.com|date=May 29, 2007}}

In 2010, the Chevron announced a 740 kW photovoltaic demonstration project in Bakersfield, California, called Project Brightfield, for exploring possibilities to use solar power for powering Chevron's facilities. It consists of technologies from seven companies, which Chevron is evaluating for large-scale use.{{cite news| url= http://usatoday30.usatoday.com/money/industries/technology/2011-05-25-green-tech-investing_n.htm |work=USA Today|first=Jon|last=Swartz|title=Big companies aggressively jump into clean tech|date=May 26, 2011}}{{cite news|url= http://green.blogs.nytimes.com/2010/03/22/chevron-testing-solar-technologies/ |title= Chevron Testing Solar Technologies | first = Todd | last = Woody | newspaper = The New York Times |date=May 22, 2010 |access-date=June 23, 2013}} In Fellows, California, Chevron has invested in the 500 kW Solarmine photovoltaic solar project, which supplies daytime power to the Midway-Sunset Oil Field.{{cite news|url= http://www.ogj.com/articles/print/volume-105/issue-5/general-interest/special-report-solar-energy-powers-production-of-heavy-oil-in-california.html |title= Solar energy powers production of heavy oil in California | newspaper = Oil & Gas Journal |date=May 2, 2007 |access-date=June 23, 2013|url-access= subscription }} In Questa, Chevron has built a 1 MW concentrated photovoltaic plant that comprises 173 solar arrays, which use Fresnel lenses.{{cite news|url=http://www.upi.com/Business_News/Energy-Resources/2010/02/24/Chevron-adds-solar-power-to-area-mine/UPI-34411267019597 |title=Chevron adds solar power to area mine |agency = UPI |date=February 24, 2010|access-date=July 23, 2012}}{{cite news|url= http://www.utsandiego.com/news/2011/apr/20/solar-farm-a-sign-of-things-to-come/ |title= Solar farm a sign of things to come |newspaper = U-T San Diego |date=April 20, 2011|access-date=June 23, 2013}} In October 2011, Chevron launched a 29-MW thermal solar-to-steam facility in the Coalinga Field to produce the steam for enhanced oil recovery. As of 2012, the project is the largest of its kind in the world.{{cite news|last=Korosec|first=Kirsten|url=http://www.smartplanet.com/blog/intelligent-energy/chevron-uses-solar-power-to-produce-more-oil/9302|title=Chevron uses solar power to produce more oil|publisher=SmartPlanet|date=October 3, 2011|access-date=July 23, 2012|archive-date=November 25, 2020|archive-url=https://web.archive.org/web/20201125023047/http://www.zdnet.com/article/chevron-uses-solar-power-to-produce-more-oil/|url-status=dead}}

In 2014, Chevron began reducing its investment in renewable energy technologies, reducing headcount and selling alternative energy-related assets.{{cite news |url=https://www.bloomberg.com/bw/articles/2014-09-02/chevron-makes-it-official-with-sale-of-renewable-energy-unit-to-opterra |title=Chevron Makes It Official With Sale of Renewable-Energy Unit to OpTerra – Businessweek |website=Bloomberg News |date=September 2, 2014 }}

In 2015, the Shell Canada Quest Energy project was launched{{Cite web|url=https://www.nrcan.gc.ca/energy/funding/cef/18168|title=Shell Canada Energy Quest Project|last=Canada|first=Natural Resources|date=February 23, 2016|website=www.nrcan.gc.ca|access-date=April 25, 2019}} of which Chevron Canada Limited holds a 20% share.{{Cite web|url=http://publications.gc.ca/site/archivee-archived.html?url=http://publications.gc.ca/collections/collection_2018/rncan-nrcan/m159/M159-11-2013-eng.pdf|archive-url=https://web.archive.org/web/20200727213944/http://publications.gc.ca/site/archivee-archived.html?url=http%3A%2F%2Fpublications.gc.ca%2Fcollections%2Fcollection_2018%2Frncan-nrcan%2Fm159%2FM159-11-2013-eng.pdf|url-status=dead|archive-date=July 27, 2020|title=Information archivée dans le Web|last=Government of Canada|first=Public Services and Procurement Canada|website=publications.gc.ca|access-date=April 25, 2019}} The project is based within the Athabasca Oil Sands Project near Fort McMurray, Alberta. It is the world's first CCS project on a commercial-scale.

{{Big Oil}}

As of 2018, Chevron is ranked No. 13 on the Fortune 500 rankings of the largest United States corporations by total revenue.{{Cite web|url=http://fortune.com/fortune500/list/|title=Fortune 500 Companies 2018: Who Made the List|website=Fortune|language=en-US|access-date=November 9, 2018|archive-date=January 15, 2019|archive-url=https://web.archive.org/web/20190115060417/http://fortune.com/fortune500/list/|url-status=dead}}

The key trends of Chevron are (as at the financial year ending December 31):{{Cite web |title=Chevron Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/Chevron-Aktie/US1667641005 |access-date=2024-04-07 |website=boerse.de |language=de}}{{Cite web |title=Chevron 2008-2016 |url=https://www.boerse.de/fundamental-analyse/Chevron-Aktie/US1667641005 |url-status=dead |archive-url=https://web.archive.org/web/20170903234325/https://www.boerse.de/fundamental-analyse/Chevron-Aktie/US1667641005 |archive-date=3 September 2017 |access-date=2024-04-09 |website=boerse.de |language=de}}

Chevron is mainly owned by institutional investors, who own around 70% of shares. The largest shareholders in December 2023 were:{{Cite web |title=Chevron Corporation (CVX) Stock Major Holders - Yahoo Finance |url=https://finance.yahoo.com/quote/CVX/holders/ |access-date=2024-03-13 |website=finance.yahoo.com |language=en-US}}

• The Vanguard Group (8.70%)
• BlackRock (6.98%)
• Berkshire Hathaway (6.79%)
• State Street Corporation (6.71%)
• Geode Capital Management (1.86%)
• Morgan Stanley (1.85%)
• Bank of America (1.49%)
• Charles Schwab Corporation (1.41%)
• JPMorgan Chase (1.38%)
• Northern Trust (1.18%)

File:Downtown Houston1.JPG

Chevron's corporate headquarters operates from office towers in downtown Houston, Texas, where it purchased 1500 Louisiana Street and 1400 Smith Street.

Upon Chevron announcing that it was selling its San Ramon headquarters in 2022, the company offered to cover moving costs for employees who wished to relocate to Texas.{{Cite web |last=Report |first=Realty News |date=2022-07-21 |title=Will Chevron Move HQ to New Tower in Houston? |url=http://realtynewsreport.com/will-chevron-move-hq-to-new-tower-in-houston/ |access-date=2022-09-16 |website=Realty News Report |language=en-US}}{{Cite web |last=Malewitz |first=Jim |date=2016-04-19 |title=Years Later, Benefits from State Subsidy to Chevron Hard to Find |url=https://www.texastribune.org/2016/04/19/years-later-Chevron-subsidy-tower/ |access-date=2022-09-16 |website=The Texas Tribune |language=en}}

On August 2, 2024, Chevron announced that it would be relocate its headquarters from California to Houston, Texas, by January 2025, citing a number of factors.

Chevron has a corporate office located in San Ramon, California, at 5001 Executive Parkway.

The company’s earlier headquarters was located at 555 Market Street in San Francisco, California, the city where it had been located since its inception in 1879.{{cite news |last=Raine |first=George |date=September 6, 2001 |title=Ending an era, Chevron abandons S.F. headquarters / Exodus to San Ramon complete |url=http://www.sfgate.com/realestate/article/Ending-an-era-Chevron-abandons-S-F-headquarters-2881586.php |access-date=July 15, 2013 |newspaper=San Francisco Chronicle}} Then in 2002, Chevron moved to a 92-acre campus in San Ramon, California, located at 6001 Bollinger Canyon Road.

Chevron sold its San Ramon headquarters to the local Sunset Development Co. in September 2022, from whom it originally bought the land which the Bollinger Canyon Road office previously stood, and leases a space in San Ramon's Bishop Ranch, also owned by Sunset, as its new office, as it continues to shift more operations to Texas.{{Cite news |last=Eaton |first=Collin |date=2022-09-28 |title=WSJ News Exclusive {{!}} Chevron Sells Global Headquarters, Pares Back in California Amid Texas Expansion |url=https://www.wsj.com/articles/chevron-sells-global-headquarters-pares-back-in-california-amid-texas-expansion-11664401218 |access-date=2022-09-29 |work=The Wall Street Journal |language=en-US |issn=0099-9660}}{{Cite web |last=Li |first=Roland |date=2022-09-29 |title=Chevron sells San Ramon HQ property as it shifts more workers to Texas |url=https://www.sfchronicle.com/bayarea/article/Chevron-sells-San-Ramon-HQ-property-as-it-shifts-17474106.php |access-date=2022-09-29 |website=San Francisco Chronicle |language=en-US}}

Since January 2011 Chevron has contributed almost $15 million on Washington lobbying. On October 7, 2012, Chevron donated $2.5 million to the Republican Congressional Leadership Fund super PAC that is closely tied to former House Speaker John Boehner.{{cite news | url=https://www.washingtonpost.com/blogs/election-2012/wp/2012/10/26/chevron-donates-2-5-million-to-gop-super-pac/ | newspaper=The Washington Post | title=Chevron donates $2.5 million to GOP super PAC | access-date=August 25, 2017 | archive-date=November 12, 2020 | archive-url=https://web.archive.org/web/20201112023742/https://www.washingtonpost.com/gdpr-consent/?next_url=https%3A%2F%2Fwww.washingtonpost.com%2Fblogs%2Felection-2012%2Fwp%2F2012%2F10%2F26%2Fchevron-donates-2-5-million-to-gop-super-pac%2F | url-status=dead }}

According to watchdog group Documented, in 2020 Chevron contributed $50,000 to the Rule of Law Defense Fund, a fund-raising arm of the Republican Attorneys General Association.{{cite web|url=https://documented.net/2021/01/republican-attorneys-general-dark-money-group-organized-protest-preceding-capitol-mob-attack/|title=Republican Attorneys General Dark Money Group Organized Protest Preceding Capitol Attack|date=January 7, 2021|access-date=January 11, 2021|publisher=Documented|first=Jamie|last=Corey}}

1. Demetrius G. Scofield, March 8, 1917 – July 30, 1917
2. William S. Miller, April 28, 1919 – December 23, 1919
3. Harry D. Collier, October 25, 1945 – January 1, 1950
4. R. Gwin Follis, January 1, 1950–December 1966
5. Otto N. Miller, December 1966–January 1974
6. Harold J. Haynes, January 1974–May 1981
7. George M. Keller, May 1981–January 1, 1989
8. Kenneth T. Derr, January 1, 1989 – January 1, 2000
9. David J. O'Reilly, January 1, 2000 – December 31, 2009
10. John S. Watson December 31, 2009 – February 1, 2018
11. Michael K. Wirth, February 1, 2018–present

1. George Loomis, September 10, 1879 – December 15, 1879
2. Charles N. Felton, December 15, 1879–August, 1885
3. George Loomis, August 1885–April 8, 1894
4. Charles N. Felton, April 17, 1894–February 1896
5. Gordon Blanding, February, 1896–October 17, 1900
6. Henry M. Tilford, December 18, 1900 – February 20, 1911
7. James A. Moffett, February 20, 1911 – December 1, 1911
8. Demetrius G. Scofield, December 5, 1911 – March 8, 1917
9. Kenneth R. Kingsbury, April 28, 1919 – November 22, 1937
10. William H. Berg, December 10, 1937 – June 26, 1940
11. Harry D. Collier, July 8, 1940 – October 25, 1945
12. R. Gwin Follis, October 25, 1945 – January 9, 1948
13. Theodore S. Petersen, January 9, 1948 – October 26, 1961
14. Otto N. Miller, October 26, 1961–December 1966
15. James E. Gosline, December 1966–July 30, 1969
16. Harold J. Haynes, July 30, 1969–January 1974
17. John R. Grey, January 1974–December 31, 1985
    office abolished

• Wanda Austin
• John B. Frank
• Alice P. Gast
• Enrique Hernandez Jr.
• Marillyn Hewson
• Jon M. Huntsman Jr.
• Charles Moorman
• Dambisa Moyo
• Debra Reed-Klages
• Ronald Sugar (Lead independent director)
• Inge Thulin
• Jim Umpleby
• Mike Wirth (Chairman & CEO)

{{Main|Criticism of Chevron}}

File:Caso Chevron - Texaco, conversatorio con prensa extranjera (11227582075).jpg

Chevron has been widely criticized and attacked for scandals, accidents, and activities mostly related to climate change. Chevron has been fined by the governments of Angola, for oil spills within its waters, and the United States through its EPA for violations of the US Clean Air Act and pollutive activities arising out of its Richmond Refinery in California.{{cite web |date=October 15, 1998 |title=Chevron Richmond Refinery To Pay $540,000 Environmental Penalty |author=Newsroom - US EPA |url=http://yosemite.epa.gov/opa/admpress.nsf/34cef4854b892b8b8525645a004de9a4/fb476240c30ba96b852570d8005e12e0!OpenDocument |access-date=February 16, 2011 |publisher=Yosemite.epa.gov |archive-url=https://web.archive.org/web/20120212025301if_/http://yosemite.epa.gov/opa/admpress.nsf/34cef4854b892b8b8525645a004de9a4/fb476240c30ba96b852570d8005e12e0!OpenDocument |archive-date=February 12, 2012}}{{cite news |date=July 1, 2002 |title=Business | Angola fines Chevron for pollution |work=BBC News |url=http://news.bbc.co.uk/1/hi/business/2077836.stm |access-date=February 16, 2011}} On multiple instances, authorities in oil-heavy countries have fired rounds onto protestors against Chevron.{{cite journal |date=September 3, 2013 |title=Protests against Chevron highlight Argentine energy woes - CSMonitor.com |url=http://www.csmonitor.com/World/Americas/2013/0903/Protests-against-Chevron-highlight-Argentine-energy-woes |journal=Christian Science Monitor}} Environmental activists have held annual anti-Chevron protests, usually within a week of Chevron's annual meeting of shareholders.{{Cite web |date=2022-05-22 |title=Dozens protest in Richmond for Anti-Chevron Day |url=https://www.kron4.com/news/bay-area/dozens-protest-in-richmond-for-anti-chevron-day/ |access-date=2022-10-21 |website=KRON4 |language=en-US}}

One case heavily promoted on social media is about work done in the Lago Agrio oil field by Texaco, which Chevron acquired in 2001. Texaco dumped 18 billion tons of toxic waste and spilled {{convert|17|e6usgal|L}} of petroleum.{{Cite news|date=September 7, 2018|title=Chevron wins Ecuador rainforest 'oil dumping' case|language=en-GB|work=BBC News|url=https://www.bbc.com/news/world-latin-america-45455984|access-date=February 16, 2022}} Texaco's activities were the subject of an Ecuadorian court case brought by Steven Donziger, which claimed an $18 billion and later reduced $9.5 billion judgment.

A major point of contention involves Texaco's operations in the Ecuadorian Amazon from the 1960s until 1992. Critics allege that during this period, the company deliberately discharged approximately 72 billion liters (18 billion gallons) of toxic waste directly into the rainforest's rivers and lands as a cost-saving measure instead of utilizing proper disposal methods. This contamination is reported to have devastated local ecosystems, poisoned water sources used by indigenous communities for drinking and sustenance, and led to widespread health issues, including illnesses and physical ailments. Some experts and affected parties have referred to this environmental damage as the "Amazon Chernobyl". It is claimed that these were not accidental spills but rather the result of systematically engineered dumping practices. Local communities initially reported changes in water taste but were allegedly dismissed by the company, which purportedly suggested the water contained beneficial "vitamins".

The environmental damage in Ecuador led to one of the largest environmental lawsuits in history. In 2011, an Ecuadorian court found Chevron liable and ordered the company to pay $9.5 billion in damages to the affected communities. Chevron refused to pay the judgment, removed its assets from Ecuador, and vowed to fight the ruling indefinitely, with a company lawyer stating they would contest it "until hell freezes over, and then fight it out on the ice". Chevron allegedly lobbied the US government to impose sanctions on Ecuador following the ruling.

Steven Donziger, an American lawyer who represented the Ecuadorian plaintiffs for decades, became a central figure in the subsequent legal battles. Chevron pursued legal action against Donziger in the United States, accusing him of obtaining the Ecuadorian judgment through bribery and fraud. A key witness in Chevron's US case against Donziger, Alberto Guerra, later admitted under oath in an international tribunal that Chevron had paid him substantial sums (reportedly over $1 million and ongoing benefits) to provide false testimony against Donziger, requiring extensive coaching over 50 days.

The US case against Donziger was overseen by Judge Lewis A. Kaplan, who critics note had financial ties to Chevron. When Donziger appealed Kaplan's order to turn over his computer and phone citing attorney-client privilege, Kaplan referred the matter for criminal contempt charges. After the US Attorney's office declined to prosecute, Judge Kaplan appointed a private law firm, Gibson Dunn & Crutcher (which has represented Chevron), to prosecute Donziger in the court's name – an unusual move described as the first corporate criminal prosecution in US history. Donziger was subsequently placed under house arrest for 993 days while awaiting trial on the misdemeanor charge. He was ultimately convicted of contempt of court and served time in prison, receiving a sentence critics claim exceeded the legal maximum for the offense. As a result of these legal battles, Donziger was disbarred, had his bank accounts frozen, and reportedly faces ongoing restrictions preventing him from working, holding accounts, or leaving the US. Chevron also sued Donziger for $60 billion, described as the largest amount sought from an individual in US history. Critics assert that Chevron's actions against Donziger were intended to make an example of him and deter other lawyers from challenging the company over environmental damages worldwide.

Concerns have also been raised about Chevron's oil extraction activities in urban settings like Los Angeles. Observers note the presence of active oil wells located directly adjacent to homes and schools, particularly in lower-income areas. In wealthier neighborhoods, such as Beverly Hills, Chevron allegedly camouflages its drilling operations within large, windowless structures designed to look like ordinary office buildings or service facilities, hiding numerous wells from public view. One such disguised oil pump at Beverly Hills High School, dubbed the "Tower of Hope," reportedly drew attention only after it caught fire. Furthermore, Chevron is accused of improperly abandoning depleted wells in the city, leaving behind toxic sites that pose ongoing health risks (such as nosebleeds or respiratory issues) to nearby residents and can potentially lead to hazardous events like eruptions of toxic sludge. Critics argue that, similar to the situation in Ecuador, regulatory oversight in these areas appears insufficient to prevent these practices or hold the company accountable for remediation.

Critics argue that these incidents reflect a broader business model employed by Chevron and other large resource extraction companies. This alleged model involves entering countries, extracting resources as cheaply as possible (often with minimal environmental safeguards), dumping waste products to cut costs, and leaving local communities to deal with the long-term environmental and health consequences. The company is accused of using its significant financial and legal resources (employing thousands of lawyers and spending billions on litigation in the Ecuador case) to overwhelm opponents, delay legal proceedings, influence governments, and avoid accountability for damages caused by its operations globally.

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