This US based energy company is active in more than 180 countries worldwide. It is engaged in all aspects, including petroleum, chemicals, mining and power generation; operating in two segments, Upstream and Downstream. The upstream segment is involved in the exploration, development, and production of crude oil and natural gases; the liquefication, transportation, and regasification associated with liquefied natural gas; the transportation of crude oil through pipelines, and processing, transportation, storage and marketing of natural gas.
The downstream segment engages in refining crude oil into petroleum products; marketing crude oil and refined products under the Chevron, Texaco and Caltex names, which transports crude oil and refined products by pipeline, marine vessel, motor equipment and rail car and manufacturing and marketing commodity petrochemicals, plastics for industrial uses and additives for fuel and lubricant additives. In 2011, they were producing 70,000 barrels a day. The company also holds interests in the Aitken Creek, and Alberta Hub, with an approximate total capacity of 100 billion cubic feet. These are located adjacent to the Duvernay, Horn River and Montney shale gas pays. It holds interests in four concessions in the Neuquen Basin.
It was formally known as Chevron Texaco Corporation, but changed its name in 2005. It was founded in 1879 and has its headquarters in San Ramon, California and traces its roots to an oil discovery in Pico Canyon, north of Los Angeles. This discovery led to the formation in 1979 of the Pacific Coast Oil Company, which is the oldest predecessor of Chevron Corporation.Trade CVX