Company ProfileProviding Energy for Human Progress
Chevron is one of the world's largest integrated energy companies. Headquartered in San Ramon, California, we conduct business in more than 100 countries. We are engaged in every aspect of the crude oil and natural gas industry, including exploration and production, manufacturing, marketing and transportation, chemicals manufacturing and sales, geothermal, and power generation. We're also investing in renewables and advanced technologies.
We trace our earliest roots to an 1879 oil discovery at Pico Canyon, north of Los Angeles, which led to the formation of the Pacific Coast Oil Co. That company later became Standard Oil Co. of California and, subsequently, Chevron. We took on the name "Chevron" when we acquired Gulf Oil Corp. in 1984, nearly doubling our worldwide proved oil and gas reserves. Our merger with Gulf was at that time the largest in U.S. history.
Another major branch of the family tree is The Texas Fuel Company, which was formed in Beaumont, Texas, in 1901. It later became known as The Texas Company and eventually Texaco. In 2001, our two companies merged to form ChevronTexaco. The name was changed to Chevron in 2005 to convey a clearer, stronger and more unified presence around the world. The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as an energy industry leader, increasing our crude oil and natural gas assets around the world.
Our diverse and highly skilled global workforce consists of approximately 62,000 employees and about 5,000 service station employees.
In 2008, Chevron produced 2.53 million barrels of net oil-equivalent per day. About 75 percent of that volume occurred outside the United States in more than 20 different countries. Chevron had a global refining capacity of more than 2 million barrels of oil per day at the end of 2008.
Our marketing network supports more than 22,000 retail outlets on six continents. And we have invested in 13 power-generating facilities in the United States and Asia.
Technology and Emerging Energy
Technology is propelling our growth. We're focusing on technologies that improve our chances of finding, developing and producing crude oil and natural gas.
We also are investing in the development of emerging energy technologies — such as finding better ways to make nonfood-based biofuels, creating hydrogen fuel systems, devising commercial uses for nano-materials and expanding our renewable energy resources.
Environment and Safety
As a company and as individuals, we take great pride in contributing to the communities where we live and work.
We also care about the environment and are proud of the many ways in which our employees work to safeguard it. Our efforts to protect the environment were recognized in 2008 with awards from the National Ocean Industries Association and the California Department of Oil, Gas and Geothermal Resources.
Our persistent efforts to improve on our safe work environment continue to pay off. In 2008, we set a Chevron record for personal safety in our downstream work, achieving our lowest-ever lost-time injury rate. Across the corporation, we reduced the days-away-from-work injury rate to a level among the best in the industry.
We recognize that the world needs all the energy we can develop, in every potential form. That's why our employees work daily to find newer, cleaner ways to power the world.
Updated: March 2009