Friday, October 8, 2021

Chevron Corporation – America multinational energy corporation

Chevron is one of the world's leading integrated energy companies. The company involved in every aspect of the industry, from exploration and production to transportation, refining and retail marketing, as well as chemical manufacturing and sales.

It has a diverse and highly skilled global workforce of approximately 42,628 people worldwide.

The company turns crude oil into a variety of products, including motor gasoline, diesel and aviation fuels, lubricants, asphalt and chemicals.

Chevron Corporation started business in 1879 as the Pacific Coasts Oil Company. The company was incorporated in San Francisco. The first successful oil well in California, Pico No. 4 launched California as an oil-producing state and demonstrated the spirit of innovation, ingenuity, optimism and risk-taking that has marked the company ever since.

Lacking the capital, it would need to seize marketing opportunities in this growing area, California Star Oil Works the company who owned the well was acquired by the Pacific Coast Oil Co. on Sept. 10, 1879.

In 1900, the thriving company was acquired by the West Coast operations of John D. Rockefeller’s Standard Oil Trust.

In 1911 the company emerged as an autonomous entity — Standard Oil Company (California) — following U.S. Supreme Court decision to divide the Standard Oil conglomerate into 34 independent companies.

In the 1920s and 1930s, the company began investing in international exploration and made the first major discoveries in Bahrain and Saudi Arabia.

In 1936, in partnership with Texaco, it formed Caltex, bringing in new markets in Asia, Africa and Europe. After the Second World War, continued expansion led to major discoveries in Indonesia, Australia, the UK North Sea and the Gulf of Mexico.

In 1984, the company acquired Gulf Oil Corporation — nearly doubling the company’s crude oil and natural gas activities — and gained a significant presence in industrial chemicals, natural gas liquids and coal.

That same year, Standard also changed its name to Chevron, the well-known brand name of many of its products.

In 2001 the Chevron merged with Texaco Inc. (formerly The Texas Fuel Company, formed in Beaumont, Texas, in 1901) and changed name to ChevronTexaco Corporation. It became the second-largest U.S.-based energy company.

On October 5, 2020, the company acquired Noble Energy, Inc., an independent oil and gas exploration and production company. Noble’s principal upstream operations are in the United States, the Eastern Mediterranean and West Africa.
Chevron Corporation – America multinational energy

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