About the Company
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in San Ramon, California, and active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation. Chevron traces its history back to the 1870s to small California-based oil companies which were acquired by Standard and merged into Standard Oil of California. The company grew quickly on its own after the breakup of Standard Oil by continuing to acquire companies and partnering with others both inside and outside of California, eventually becoming one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron; the newly merged company later merged with Texaco in 2001. Chevron manufactures and sells fuels, lubricants, additives, and petrochemicals, primarily in Western North America, the US Gulf Coast, Southeast Asia, South Korea and Australia. In 2018, the company produced an average of 791,000 barrels (125,800 m3) of net oil-equivalent per day in United States. Chevron is one of the largest companies in the world and the second largest oil company based in the United States by revenue, only behind fellow Standard Oil descendant ExxonMobil. Chevron ranked 10th on the Fortune 500 in 2023. The company is also the last-remaining oil and gas component of the Dow Jones Industrial Average since ExxonMobil's exit from the index in 2020. Chevron has been subject to numerous controversies arising out of its activities, the most notable of which being related to its activities and inherited liabilities from its acquisition of Texaco in the Lago Agrio oil field, which include allegations of both Chevron and Texaco collectively dumping 18 billion tons of toxic waste and spilling 17 million US gallons (64,000,000 L) of petroleum. Chevron and Texaco's activities were the subject of a lawsuit Chevron lost to Ecuadorian residents defended in Ecuadorian court by Steven Donziger. Due to accusations of Donziger bribing the Ecuadorian court and the subsequent disbarment and criminal contempt charges against Donziger, Chevron was accused by environmentalists and human rights groups of jailing Donziger and compelling the US Federal Government to deny Donziger due process of law.
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NYSE
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Latest $CVX News
Chevron is Still Cheap with its Dividend Yield Over 4.0% and a 12x P/E Multiple
Chevron Corp (CVX) stock still looks inexpensive here with its 4.05% dividend yield and forward earnings multiple of 12x. As ...
Chevron CEO’s Pay Rose 12% to $26.5 Million Last Year on Pension
Chevron Corp. Chief Executive Officer Mike Wirth’s pay jumped 12% to $26.5 million last year, mainly due to a change in the ...
Time to Buy Chevron's (CVX) Stock as Q1 Earnings Approach?
Chevron Corporation CVX, one of the world’s leading oil companies, is set to report first-quarter results on Friday, Apr 26, and as always, market participants are anxiously anticipating the release.
Chevron Stock Could Soon Bounce Back
The shares of oil and gas stock Chevron Corp (NYSE:CVX) are pulling back from their recent five-month peak, now on track for ...
Investors Ask Chevron to Issue Tax Transparency Report
The co-filers wanted Chevron to follow suit after its oil and gas peers in aligning tax practices with the Global Reporting ...
What The End Of Chevron Deference May Mean For Tax
Frank Agostino of Agostino & Associates discusses two pending Supreme Court cases, their potential effects on the Chevron ...
Chevron Launches $500 Million Fund to Invest in Clean Tech (1)
Chevron Corp.’sventure arm launched a fund — its third — with a $500 million commitment to invest in clean energy technologies.
Chevron CEO Pay Rose 12 Percent to $26.5MM Last Year on Pension
Chevron Corp. Chief Executive Officer Mike Wirth’s pay jumped 12% to $26.5 million last year, mainly due to a change in the ...
Exxon sanctions $12.7 billion Guyana project amid arbitration with Chevron
Exxon is moving forward with a $12.7 billion project offshore Guyana amid a dispute with Chevron over the production area.
Chevron’s oil spills are profitable. We need to hold corporate polluters accountable | Opinion
Californians shouldn’t be paying the price with their lives and dollars while Big Oil strikes it rich off their own toxic oil ...
Valero, Chevron Tap Trans Mountain Pipeline for West Coast Crude
Valero Energy Corp. and Chevron Corp. have entered the fray of buyers for oil traversing Canada's expanded Trans Mountain ...
Chevron Corp.
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