NationMaster - Encyclopedia: Chevron Corporation

Chevron Corporation (NYSE: CVX) is one of the world's largest global energy companies. Headquartered in San Ramon, California, USA and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's six "supermajor" oil companies. Image File history File links Chevron_Logo. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... 1879 (MDCCCLXXIX) was a common year starting on Wednesday (see link for calendar). ... San Ramon is a city in Contra Costa County, California, United States. ... Image File history File links No higher resolution available. ... David J. OReilly is Chairman of the Board and Chief Executive Officer of Chevron Corporation. ... Steve Crowe (born 1947) is currently the chief financial officer and vice president of finance for Chevron Corporation. ... The Chief Financial Officer (CFO) of a company or public agency is the corporate officer primarily responsible for managing the financial risks of the business or agency. ... This is a list of petroleum companies. ... Petrochemicals are chemical products made from raw materials of petroleum (hydrocarbon) origin. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... For the Manfred Mann album, see 2006 (album). ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... For the Manfred Mann album, see 2006 (album). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... For the Manfred Mann album, see 2006 (album). ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... For the Manfred Mann album, see 2006 (album). ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Corporate redirects here. ... San Ramon is a city in Contra Costa County, California, United States. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Åukasiewicz - inventor of the refining of kerosene from crude oil. ... This article does not cite any references or sources. ... Exploration is the act of searching or traveling for the purpose of discovery, e. ... Refining is the process of purification of a substance, usually used of a natural resource that is almost in a usable form, but which is more useful in its pure form. ... Itaipu Dam is a hydroelectric generating station Electricity generation is the first process in the delivery of electricity to consumers. ... The term supermajor illustrates the six largest energy companies, as seen in popular financial mediums around the world. ...

Chevron was originally known as Standard Oil of California, or Socal, and was formed amid the antitrust breakup of Standard Oil in 1911. It was one of the "Seven Sisters" that dominated the world oil industry during the early 20th century. In 1933, Saudi Arabia granted Socal a concession to find oil, which finally occurred in 1938 when the largest oil field on earth was discovered. Socal's subsidiary California-Arabian Standard Oil Company evolved over the years, becoming 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, the name was changed to Saudi Arabian Oil Company (Saudi Aramco). This article is about anti-competitive business behavior. ... Standard Oil (Esso) was a predominant integrated oil producing, transporting, refining, and marketing company. ... This article or section does not cite its references or sources. ... Saudi Aramco, the national oil company of Saudi Arabia (formerly just Aramco, standing for the Arabian American Oil Company), is the largest oil corporation in the world and the worlds largest in terms of proven crude oil reserves and production. ...

In 1984, the merger between Chevron and Gulf Oil became the largest merger in world history at the time. Because of its size, Gulf divested many of its worldwide operating subsidiaries and sold some Gulf stations and a refinery in the eastern United States to satisfy US antitrust requirements. In 2001, the former Chevron corporation merged with Texaco to form ChevronTexaco. On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco will remain as a brand under the Chevron Corporation. On August 19, 2005, Chevron merged with the Unocal Corporation, a move which, because of Unocal's large South East Asian geothermal operations, made Chevron the largest producer of geothermal energy in the world. [1] Year 1984 (MCMLXXXIV) was a leap year starting on Sunday (link displays the 1984 Gregorian calendar). ... Gulf Oil was a major global oil company from the 1900s to the 1980s. ... Year 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... Texaco is the name of an American oil company that was merged into Chevron Corporation in 2001. ... is the 129th day of the year (130th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... A moniker (or monicker) is a pseudonym, or cognomen, which one gives to oneself. ... Unocal Corporation is the parent company of Union Oil Company of California (Union Oil) which was incorporated in California in 1890. ... Geothermal power is electricity generated by utilizing naturally occurring geological heat sources. ...

Overview

Chevron employs approximately 59,000 people worldwide and had approximately 12 billion barrels (1.9 km³) of oil-equivalent net proved reserves at December 31, 2003. Daily production in 2003 was 2.5 million net oil-equivalent barrels (400,000 m³) per day. In addition, the company had a global refining capacity at year-end 2003 of 2.2 million barrels (350,000 m³) of crude oil per day. The company has a worldwide marketing network in 84 countries with approximately 24,000 retail sites, including those of affiliate companies. The company also has interests in 13 power generating assets in the United States, Asia, and Europe. Chevron also has gas stations in Western Canada. Image File history File links Size of this preview: 800 Ã— 580 pixel Image in higher resolution (1034 Ã— 750 pixel, file size: 366 KB, MIME type: image/jpeg) The entrance to the headquarters complex of Chevron Corporation in San Ramon, California. ... Image File history File links Size of this preview: 800 Ã— 580 pixel Image in higher resolution (1034 Ã— 750 pixel, file size: 366 KB, MIME type: image/jpeg) The entrance to the headquarters complex of Chevron Corporation in San Ramon, California. ... San Ramon is a city in Contra Costa County, California, United States. ... December 31 is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Åukasiewicz - inventor of the refining of kerosene from crude oil. ... Electricity generation is the first process in the delivery of electricity to consumers. ... World map showing the location of Asia. ... World map showing the location of Europe. ... This article or section does not cite any references or sources. ...

The company marked its 125th anniversary in 2004, tracing its roots to an oil discovery at Pico Canyon, north of Los Angeles. This find led to the formation, in 1879, of the Pacific Coast Oil Company, the predecessor of Chevron Corporation. Another side of the genealogical chart points to the 1901 founding of The Texas Fuel Company, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. This company would later become known as Texaco. shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Åukasiewicz - inventor of the refining of kerosene from crude oil. ... 1879 (MDCCCLXXIX) was a common year starting on Wednesday (see link for calendar). ... 1901 (MCMI) was a common year starting on Tuesday (link will display calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... Location in the state of Texas Coordinates: Counties Jefferson County Government - Mayor Guy Goodson Area - City 222. ... Texaco is the name of an American oil company that was merged into Chevron Corporation in 2001. ...

Chevron was headquartered in San Francisco for nearly a century before it relocated its headquarters across the bay to San Ramon, CA. Chevron's headquarters buildings at 555 and 575 Market Street, built in the mid-1960s, in San Francisco were sold in December 1999. [2] Its original headquarters were at 200 Bush St., built in 1912. [3] Nickname: Location of the City and County of San Francisco, California Coordinates: , Country United States of America State California City-County San Francisco Government - Mayor Gavin Newsom Area - City 47 sq mi (122 kmÂ²) - Land 46. ... San Francisco Bay, San Pablo Bay, and the Golden Gate San Francisco Bay is a shallow, productive estuary through which water draining approximately forty percent of California, flowing in the Sacramento and San Joaquin rivers from the Sierra Nevada mountains, enters the Pacific Ocean. ... An F Market streetcar turns around at the foot of Market Street, in front of the Ferry Building. ...

Chevron is the owner of the Standard Oil trademark in a 16-state area of the western and southeastern United States. To maintain ownership of the mark, the company owns and operates one Standard-branded Chevron station in each state of its area. [4] Chevron also is currently the owner of the trademark rights to Texaco brand gasoline. Texaco fuels are now supplied by Chevron's network of wholesalers. Image File history File links One of 16 Chevron stations branded as Standard to protect Chevrons trademark of Standard Oil. Photograph taken 31-July-2005 by gridlockjoe. ... Image File history File links One of 16 Chevron stations branded as Standard to protect Chevrons trademark of Standard Oil. Photograph taken 31-July-2005 by gridlockjoe. ... Nickname: Motto: Where the West Begins Location in the state of Texas Coordinates: Country United States State Texas Counties Tarrant and Denton Government - Mayor Michael J. Moncrief Area - City 298. ... Standard Oil (Esso) was a predominant integrated oil producing, transporting, refining, and marketing company. ...

Chevron is the only brand of gas used by several automakers when testing vehicles, including General Motors and Toyota. (Ford does as well despite a strategic alliance with BP.) Chevron also has often had one of the highest brand loyalty rates for gasoline in America, with only Shell and BP (through Amoco) having equally high rates. General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... Toyota Motor Corporation ), or Toyota is a Japanese multinational corporation and the worlds largest automaker by sales revenue as of 2007[3] (in front of General Motors). ... Ford Motor Company is an American multinational corporation and the worlds third largest automaker after Toyota and General Motors, based on worldwide vehicle sales. ... This article is about the corporation known as BP. For other uses, see BP (disambiguation). ... A Shell petrol station sign in the UK The Royal Dutch/Shell Group of Companies (called Shell Oil in North America), has its headquarters split between the Shell Centre in London, United Kingdom and The Hague, Netherlands. ... The American Oil Company, or Amoco, was a global chemical and oil company, founded in Baltimore in 1910 and incorporated in 1922 by Louis Blaustein and his son Jacob, but now part of BP. The firms early innovations include the gasoline tanker truck and the drive-through filling station. ...

Chevron will be a significant backer in the Iraq Oil, Gas, Petrochemical & Electricity Summit, which will start on May 28 and end on May 30, told an Iraq Directory on April 17, 2007.[5] is the 107th day of the year (108th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

Energy technologies

The company also develops, and commercializes advanced energy technologies, including fuel cells, photovoltaics, and advanced batteries, and is active in research and development efforts to utilize hydrogen as a fuel for transport and power. Additionally, the company is investing in the field of nanotechnology, evaluating a new class of molecular building blocks that potentially may be useful in many industries. A fuel cell is an electrochemical device similar to a battery, but differing from the latter in that it is designed for continuous replenishment of the reactants consumed; i. ... A solar cell, made from a monocrystalline silicon wafer A solar cell or photovoltaic cell is a device that converts light energy into electrical energy. ... General Name, Symbol, Number hydrogen, H, 1 Chemical series nonmetals Group, Period, Block 1, 1, s Appearance colorless Atomic mass 1. ... Fuel is any material that is capable of releasing energy when its chemical or physical structure is changed or converted. ... For delivered electrical power, see Electrical power industry. ... Buckminsterfullerene C60, also known as the buckyball, is the simplest of the carbon structures known as fullerenes. ...

Marketing Brands

Chevron Corporation-branded gas station in Sherman Oaks, Los Angeles, California. ... Chevron Corporation-branded gas station in Sherman Oaks, Los Angeles, California. ... Image File history File links Download high-resolution version (1137x826, 237 KB) A gas station in Chevron Corporations new trade dress in Redwood City, California. ... Image File history File links Download high-resolution version (1137x826, 237 KB) A gas station in Chevron Corporations new trade dress in Redwood City, California. ...

Fuel

Standard Oil (Esso) was a predominant integrated oil producing, transporting, refining, and marketing company. ... Texaco is the name of an American oil company that was merged into Chevron Corporation in 2001. ... Caltex is a petrol company. ...

Convenience Stores

Lubricants

Havoline is a motor oil brand of the Texaco Oil Company. ... Revtex is a collection of LaTeX macros for professional science journals. ... Ursa has different meanings Ursa Major Ursa Minor Ursa is also a Finnish astronomical association, see fi:Ursa, http://www. ...

Fuel Additives

Techron is the patented additive developed by Chevron Products Company. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ...

Promotional

Tony Turbo Da Chevron Cars are part of an advertising campaign of da Chevron Corporation consisting of television spots, print ads, billboards, and toy cars available at Chevron retail locations. ...

Board of directors

Former members of the board of directors: Condoleezza Rice. David J. OReilly is Chairman of the Board and Chief Executive Officer of Chevron Corporation. ... Robert James Eaton (born 1940) was a U.S. automobile businessman. ... Samuel Augustus Nunn, Jr. ... Peter Robertson was once the Mayor of Brampton, Ontario. ... Ronald Sugar is the current CEO of Northrop Grumman. ... This article or section does not cite its references or sources. ... Condoleezza Rice (born November 14, 1954) is the 66th United States Secretary of State, and the second in the administration of President George W. Bush to hold the office. ...

Articles from management

Environmental record

Companies in the petroleum-based energy industry generally draw a wide range of criticism, and are often referred to as Big Oil. Because of the inelasticity of the demand of petroleum and the high risk nature of operations abroad, the companies involved in the industry have been accused of playing a large role in influencing economic and foreign policies in nations across the globe. Some criticism is directed at the industry in general, in that the burning of fossil fuels contributes to air pollution and global warming, and that extractive operations spoil natural landscapes. Large energy companies are often suspected of resisting alternative energy, for example buying patents to new technological advances to stop more energy efficient modes of transport. Pumpjack pumping an oil well near Lubbock, Texas Ignacy Åukasiewicz - inventor of the refining of kerosene from crude oil. ... It has been suggested that this article or section be merged with Supermajor, Oil major and Seven Sisters (oil companies) (Discuss) Big Oil is a term used to describe the individual and collective economic power of the largest oil and gasoline manufacturers, and their perceived influence on politics, particularly in... A countrys foreign policy is a set of political goals that seeks to outline how that particular country will interact with other countries of the world and, to a lesser extent, non-state actors. ... Air pollution is a chemical, physical (e. ... Global mean surface temperatures 1850 to 2006 Mean surface temperature anomalies during the period 1995 to 2004 with respect to the average temperatures from 1940 to 1980 Global warming is the observed increase in the average temperature of the Earths atmosphere and oceans in recent decades and the projected... Future energy development face great challenges due to an increasing world population, demands for higher standards of living, demands for less pollution and a much discussed end to fossil fuels. ...

Environmental advocates have asserted that Chevron Corporation in particular is responsible for severe ecological destruction. Texaco, which became part of Chevron in 2001, dumped over 18 billion gallons of toxic wastewater into the Amazon rainforests from 1964-1992, in what has become known as the “rainforest Chernobyl,” and is often considered one of the world’s worst ecological catastrophes.^[2] ^[3] ^[4] Various Ecuadorian groups have sued Chevron for its activities, arguing it purposefully misrepresented its activities in the rainforest. Chevron’s attorneys maintain they are being victimized by profit-seeking plaintiffs. ^[5]

In the U.S., Chevron’s activities in Richmond, California have been the subject of ongoing controversy. Chevron’s Richmond operations house over 11 million pounds of toxic materials, and have been responsible for over 304 major toxic accidents. ^[6] For illegally bypassing wastewater treatments and failing to notify the public about toxic releases, Chevron’s Richmond refineries were forced to pay 540,000$ in 1998. ^[7] Overall, Chevron is responsible for ninety-five Superfund Sites—locations for which the EPA has earmarked funds for cleanup. ^[8] In October, 2003, the state of New Hampshire sued Chevron and other oil companies for using MTBE, a gasoline additive that the attorney general claimed polluted much of the state's water supply. ^[9] Nickname: Coordinates: , Country United States State California County Contra Costa Government - Mayor Gayle McLaughlin (G) Area - City 52. ... Official language(s) English Capital Concord Largest city Manchester Area Ranked 46th - Total 9,359 sq mi (24,239 kmÂ²) - Width 68 miles (110 km) - Length 190 miles (305 km) - % water 3. ...

Chevron’s African operations have also been criticized as environmentally unsound. ^[10] In 2002, Angola became the first African nation to ever fine a major multinational corporation operating in its own waters when it demanded 2 million dollars in compensation for oil spills allegedly caused by Chevron’s poor maintenance. ^[11]

Defenders of Chevron’s environmental record point to recent changes in the corporation, particularly its pledge, as of 2004, to combat global warming. ^[12] Global mean surface temperatures 1850 to 2006 Mean surface temperature anomalies during the period 1995 to 2004 with respect to the average temperatures from 1940 to 1980 Global warming is the observed increase in the average temperature of the Earths atmosphere and oceans in recent decades and the projected...

Accusations of irresponsibility

Chevron has been accused of not fulfilling its community responsibilities in Cabinda, Angola. Chevron's employees work in isolation in the Malongo terminal, which is protected by barbed wire fence and guarded gates because of security concerns. There is no interaction with the local people and the local market, because water, groceries and other commodities are imported duty free from overseas. In a survey Cabindans expressed their concern that the multi-billion oil industy has not improved their daily lives.[8] Cabinda is a territory, ocupied by Angola. ...

On May 28, 1998, as activists were staging a demonstration on an oil platform in the Niger Delta, Nigeria, Nigerian police and soldiers, instead of Chevron representatives (as the activists expected), were flown in with Chevron helicopters. Soldiers shot at the activists and subsequently two activists (Jola Ogungbeje and Aroleka Irowaninu) died from their wounds [9]. The Nigerian government is reportedly 80% dependent upon oil production and is condemned by many for its reported [10] treatment of environmentalists. Activism, in a general sense, can be described as intentional action to bring about social or political change. ... The Niger Delta, the delta of the Niger River in Nigeria, is a densely populated region sometimes called the Oil Rivers because it was once a major producer of palm oil. ...

Contents

Overview

Energy technologies

Marketing Brands

Fuel

Convenience Stores

Lubricants

Fuel Additives

Promotional

Board of directors

Articles from management

Environmental record

Accusations of irresponsibility

See also

References

External links

General Information

Environmental Efforts

Equal opportunity

Criticism

Contents

Overview GA_googleFillSlot("encyclopedia_square");

Energy technologies

Marketing Brands

Fuel

Convenience Stores

Lubricants

Fuel Additives

Promotional

Board of directors

Articles from management

Environmental record

Accusations of irresponsibility

See also

References

External links

General Information

Environmental Efforts

Equal opportunity

Criticism

Overview