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Energy: Chevron

Ticker Symbol: CVX

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About the company

Headquarted in San Ramon, California, Chevron Corporation (CVX) is the fourth largest of the six supermajor oil companies, trailing Exxon, Royal Dutch Shell, and BP.

Chevron traces its roots back to 1879 with the formation of Pacific Coast Oil Company. The Standard Oil of California company emerged from the breakup of Rockefeller's Standard Oil. In 1984, Standard Oil and Gulf merged, officially transitioning to the Chevron Corporation name. Texaco was acquired in 2001 and by 2005, ChevronTexaco was officially abbreviated to Chevron.

Chevron's primary business lines include fuels, natural gas, chemicals, lubricants, refining, supply & trading, shipping, pipelines, and exploration and production.

Marketing brands include flagship Chevron locations, Standard Oil, Texaco, Caltex, Gulf, and Unocal. Star mart, Extra Mile, Redwood Market, and Town Pantry rank amongst its convenience locations.

Lubricant products marketed by Chevron are Delo, Havoline, Revtex, and Ursa. Techron is the primary fuel additive brand Chevron offers.

Chevron earned a record $23.93 billion in profit during 2008 on sales of $265 billion. The company produces about 2.6 million barrels of oil per day with a refining capacity of over 2 million barrels per day. Chevron has about 25,000 retail outlets and employs just under 60,000 people. Chevron has roughly 10.8 billion barrels of proven crude oil and natural gas reserves.

Upstream processes in the U.S. are primarily located in California, Texas, Louisiana, Alaska, the Gulf of Mexico and the Rocky Mountains.

David J. O'Reilly is the current CEO and Chairman of the Board, Peter Robertson is the Vice Chairman of the Board, and Patricia E. Yarrington is the Chief Financial Officer and Vice President.

Chevron's Competitors:

Tier 1 Competitors - Exxon (XOM), Royal Dutch Shell (RDS.A), BP (BP), Conoco Phillips (COP), Total S.A. (TOT), Sunoco (SUN)
Tier 2 Competitors - Marathon Oil (MRO), Hess (HES), Murphy Oil (MUR), YPF SA (YPF)

Chevron Inc. (Chevron) ranks fourth amongst the six supermajor oil companies behind Exxon, Royal Dutch Shell, and BP. Chevron traces its roots back to 1879 with the formation of Pacific Coast Oil Company. The Standard Oil of California company emerged from the breakup of Rockefeller's Standard Oil. In 1984, Standard Oil and Gulf merged, officially transitioning to the Chevron Corporation name. Texaco was acquired in 2001 and by 2005, ChevronTexaco was officially abbreviated to Chevron.