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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 petroleum products.
As a wholly-owned subsidiary company, Chevron Shipping Company is completely responsible for Chevron Corporation's maritime transport operations. Their fleet includes many vessels, including crude oil and product tankers, gas tankers, and more; it is divided into the U.S. and International Fleets. The U.S. fleet is responsible for transporting oil products from Chevron's domestic refineries to different customers within the nation; it is manned by citizens of the United States and is flagged. The U.S. Fleet 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:
Energy companies like Chevron are old pros when it comes to handling lawsuits. They have the money, the lawyers, and the resources to make sure their injured employees stay silent and accept the minimum amount they offer. However, their real resource is time; when an accident victim brings a claim against them, they know how to delay and defer the case until their opponents (who are usually without an income) are forced to surrender after going bankrupt. Chevron and other oil giants know how to use their size to crush regular people.
Our Chevron injury attorneys help people level the playing field. We make sure that when you need to file a claim for wrongful death or catastrophic injury, you're not hindered by your own funds. Our firm covers the cost of every case, which means our clients can afford to fight for what they need without putting themselves or their family at risk. With billions in verdicts and settlements, our firm has the firepower to put the pressure on Chevron, not you.
Arnold & Itkin represented nearly a third of the crewmembers injured in the Deepwater Horizon explosion.
Because maritime law is so complex and so complicated, it is crucial that you work with an attorney who has an in-depth understanding of how it works and who has proven themselves in similar cases before.