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Chevron Corporation

From Academic Kids

Template:Infobox Company

Chevron Corporation Template:Nyse is one of the world's largest global energy companies. Headquartered in San Ramon, California and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron has facilities in 90 countries. Its headquarters are in San Francisco, 575 Market Street, 94105-2856.

In 2001, the former Chevron corporation merged with Texaco to form ChevronTexaco. On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco will remain as a brand under the Chevron Corporation.

Contents

Overview

Chevron employs approximately 51,000 people worldwide and had approximately 12 billion barrels (1.9 km³) of oil-equivalent net proved reserves at December 31, 2003. Daily production in 2003 was 2.5 million net oil-equivalent barrels (400,000 m³) per day. In addition, the company had a global refining capacity at year-end 2003 of 2.2 million barrels (350,000 m³) of crude oil per day. The company has a worldwide marketing network in 84 countries with approximately 24,000 retail sites, including those of affiliate companies. The company also has interests in 13 power generating assets in the United States, Asia, and Europe.

The company marked its 125th anniversary in 2004, tracing its roots to an oil discovery at Pico Canyon, north of Los Angeles. This find led to the formation, in 1879, of the Pacific Coast Oil Company, the predecessor of Chevron Corporation. Another side of the genealogical chart points to the 1901 founding of The Texas Fuel Company, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. This company would later become known as Texaco.

Energy technologies

The company also develops and commercializes advanced energy technologies, including fuel cells, photovoltaics, and advanced batteries, and is active in research and development efforts to utilize hydrogen as a fuel for transport and power. Additionally, the company is investing in the field of nanotechnology, evaluating a new class of molecular building blocks that potentially may be useful in many industries.

Marketing Brands

Missing image
Chevrongasstation.jpg
A typical Chevron-branded gas station.

Fuel

  • Chevron
  • Texaco (only in the southeastern United states; others are operated by Shell until 2006)
  • Gulf
  • Caltex

Lubricants

Fuel Additives

Criticisms

In 1992, 777 women filed a class-action suit against Chevron for discrimination and tolerating sexual harassment at Chevron Information Technology Company in San Ramon. In 1995, they settled the harassment claim for $2.2 million. Chevron settled the rest of the charges for $7.42 million.

"Mother's Day Massacre" : In 1993, the day before Mother's Day, Ortho, a joint division of Chevron and Monsanto, fired more than 60 sales people, 90% of them over 40 years old. 43 of the employees sued Chevron and Monsanto for age discrimination. They settled for $18.3 million.

In 1998, activists were staging a demonstration on an oil platform in the Niger Delta, Nigeria. Chevron brought the military in by helicopter. Soldiers shot the activists. Two activists died from their wounds. The Nigerian government is 80% dependent upon oil production and is internationally known for its murder of environmentalists.

Chevron had ten refinery accidents in ten years at their refinery in Richmond, Ca. The 10th accident occured on 25 March 1999, when the refinery exploded. Hundreds of people living nearby complained of difficulty breathing and vomiting afterwards. Chevron's warning system was delayed for up to a half-hour after the blast.

Communities for a Better Environment sued Chevron, Unocal (also an initiative funder), and other oil companies for polluting Latino and African-American communities in Los Angeles.

Chevron has given campaign donations to Pete Wilson, attorney general Dan Lundgren, California legislator Pete Knight, and San Francisco supervisor Amos Brown.


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