Chevron

Name: Chevron
Address: 6001 Bollinger Canyon Road, San Ramon, CA 94583
Phone: 925 842-1000

Chevron is the second largest energy company in the U.S., out-ranked only by ExxonMobil. The company conducts business worldwide in every aspect of the crude oil and natural gas industry, including exploration and production, manufacturing, marketing, transportation, chemicals manufacturing and sales, geothermal energy, and power generation. Chevron’s upstream operations consist of exploring for, developing, and producing crude oil and natural gas. Downstream operations include refining of crude oil, marketing, and transportation of finished petroleum products.

The Chevron Shipping Company is a wholly-owned subsidiary company which handles the maritime transport operation for Chevron Corporation. The fleet comprises crude oil and product tankers, as well as three gas tankers operated by Chevron Shipping for other companies. The fleet is divided into two sections: a U.S. Fleet and an International Fleet. The US fleet transports oil products from Chevron refineries to customers in the US. The ships are manned by U.S. citizens and are flagged in the U.S. The U.S. Fleet of the Chevron Shipping Company maintains an office in Houston, Texas.

Chevron is listed on the New York Stock Exchange under the symbol “CVX”. The company reported 2009 revenues of $167 billion, with a net income of $10.5 billion. Chevron employs approximately 67,000 people worldwide; 27,000 of these employees are based in the United States. The six-month deepwater drilling moratorium limits Chevron’s production capacity in the Gulf of Mexico since it can no longer operate oil rigs at depths of more than 500 feet. Shares of Chevron stock fell nearly 10% in price after the BP disaster. Chevron is one of the top leaseholders and producers in the Gulf of Mexico and is widely recognized as a leader in deepwater drilling. The company holds the current world record for drilling water-depth at 10,011 feet.

Chevron, along with ExxonMobil, Shell , and ConocoPhillips , has prepared for deepwater oil spills up to 10,000 feet underwater in response to the Deepwater Horizon oil spill. These companies will form a non-profit organization, the Marine Well Containment Company , which will operate the response system that will be used for any spills. All four companies rely heavily on offshore drilling, and Shell and Chevron have significant operations in the Gulf of Mexico. Work on this new containment system is being accelerated to enhance deepwater safety and environmental protection in the Gulf of Mexico, which accounts for 30% of U.S. oil and gas production and supports more than 170,000 American jobs.

Chevron competes with other major petroleum producers, including BP, Total, ConocoPhillips, ExxonMobil, and Royal Dutch Shell.

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