Last $106.68 USD
Change Today -0.38 / -0.35%
Volume 6.4M
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6001 Bollinger Canyon Road

San Ramon, CA 94583

United States

Phone: 925-842-1000

Fax:

Chevron Corporation, through its subsidiaries, engages in fully integrated petroleum operations, chemicals operations, and power and energy services. The company’s upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; transporting, storage and marketing of natural gas; and a gas-to-liquids plant. Its downstream operations consist primarily of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives. Business and Properties The upstream and downstream activities of the company and its equity affiliates are dispersed geographically, with operations and projects in North America, South America, Europe, Africa, Asia and Australia. Upstream Reserves In 2015, the company announced a joint venture to explore and appraise 24 jointly held offshore leases in the northwest portion of Keathley Canyon. Chevron would be the operator. The joint venture includes the Tiber and Gila discoveries and the Gibson exploratory prospect, located between Gila and Tiber. The company acquired a 36 percent interest in the Gila leases and a 31 percent interest in the Tiber leases and also holds a 36 percent interest in the Gibson prospect. The company produces crude oil and natural gas in the midcontinent region of the United States, primarily in Colorado, New Mexico, Oklahoma, Texas and Wyoming. During 2014, the company’s net daily production in these areas averaged 110,000 barrels of crude oil, 595 million cubic feet of natural gas and 31,000 barrels of natural gas liquids (NGLs). The company drilled 550 wells in the Midland and Delaware basins in 2014. The company holds leases in the Marcellus Shale and the Utica Shale, primarily located in southwestern Pennsylvania, eastern Ohio, and the west Virginia panhandle, and in the Antrim Shale and Collingwood/Utica Shale in Michigan. Other Americas ‘Other Americas’ includes Argentina, Brazil, Canada, Colombia, Greenland, Suriname, Trinidad and Tobago, and Venezuela. Canada: Upstream activities in Canada are concentrated in Alberta, British Columbia and the offshore Atlantic region. The company also has exploration interests in the Beaufort Sea region of the Northwest Territories. The company holds a 26.9 percent non operated working interest in the Hibernia Field, which comprises the Hibernia and Ben Nevis Avalon (BNA) reservoirs, and a 23.6 non operated working interest in the unitized Hibernia Southern Extension (HSE) areas offshore Atlantic Canada. The company holds a 26.6 percent non operated working interest in the heavy oil Hebron Field, also offshore Atlantic Canada. The development plan includes a platform with a design capacity of 150,000 barrels of crude oil per day. The company holds a 20 percent non operated working interest in the Athabasca Oil Sands Project (AOSP) in Alberta. Oil sands are mined from both the Muskeg River and the Jackpine mines, and bitumen is extracted from the oil sands and upgraded into synthetic oil. The company holds approximately 228,000 net acres in the Duvernay Shale in Alberta and approximately 200,000 overlying acres in the Montney tight rock formation. The company has a 70 percent-owned and operated interest in most of the Duvernay acreage after completing a 30 percent farm-down in 2014. The company holds a 50 percent-owned and operated interest in the proposed Kitimat liquefied natural gas (LNG) and Pacific Trail Pipeline projects and a 50 percent interest in 322,000 net acres in the Horn River and Liard shale gas basins in British Colombia. The company holds a 40 percent nonoperated working interest in exploration rights for two blocks in the Flemish Pass Basin offshore Newfoundland. Greenland: The company holds a 29.2 percent-owned and op

 

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