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Last $86.99 USD
Change Today +2.96 / 3.52%
Volume 18.9M
CVX On Other Exchanges
EN Amsterdam
Sao Paulo
As of 8:04 PM 10/6/15 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


m activities in Australia are concentrated offshore western Australia, where the company is the operator of two major LNG projects, Gorgon and Wheatstone, and has a nonoperated working interest in the North West Shelf (NWS) Venture and exploration acreage in the Browse Basin and the Carnarvon Basin. The company also holds exploration acreage in the Nappamerri Trough in central Australia and the Bight Basin offshore South Australia. The company holds a 47.3 percent interest and is the operator of the Gorgon Project, which includes the development of the Gorgon and nearby Jansz-Io fields. The project includes a three-train, 15.6 million-metric-ton-per-year LNG facility, a carbon dioxide injection facility and a domestic natural gas plant, which are located on Barrow Island, off Western Australia. The company is the operator of the Wheatstone Project, which includes a two-train, 8.9 million-metric-ton-per-year LNG facility and a domestic gas plant, both located at Ashburton North, on the coast of Western Australia. The company holds an 80.2 percent interest in the offshore licenses and a 64.1 percent interest in the LNG facilities. The company has a 16.7 percent nonoperated working interest in the North West Shelf (NWS) Venture in Western Australia. Approximately 80 percent of the natural gas sales were in the form of LNG to major utilities in Asia, primarily under long-term contracts. The remaining natural gas was sold to the Western Australia domestic market. The company holds nonoperated working interests ranging from 24.8 percent to 50 percent in three blocks in the Browse Basin. In the Nappamerri Trough, the company holds a 30 percent nonoperated working interest in the Permian section of PRL 33-49 in South Australia and an 18 percent nonoperated working interest in ATP 855 in Queensland. The company operates and holds a 100 percent working interest in offshore Blocks EPP44 and EPP45 in the Bight Basin off the south Australian coast. New Zealand: In 2014, the company was granted three exploration permits in the offshore Pegasus and East Coast basins. The deepwater permits cover 3.1 million net acres and are located approximately 100 miles east of Wellington. Europe In Europe, the company is engaged in upstream activities in Denmark, Norway, Poland, Romania, and the United Kingdom. Denmark: The company holds a 12 percent nonoperated working interest in the Danish Underground Consortium (DUC), which produces crude oil and natural gas from 13 North Sea fields. Lithuania: The company divested its 50 percent interest in an exploration and production company in 2014. The Netherlands: In 2014, the company divested its upstream interests in the Dutch sector of the North Sea. Norway: In 2014, the company completed the sale of its interest in the Draugen Field. The company is the operator and has a 40 percent interest in exploration licenses PL 527 and PL 598. Both licenses are in the deepwater portion of the Norwegian Sea. Poland: In 2014, the company completed a 3-D seismic survey on the Grabowiec concession. The company also entered into a joint exploration agreement covering the company's Grabowiec and Zwierzyniec licenses and two adjacent licenses in 2014. In 2014, the company relinquished two shale concessions (Frampol and Krasnik) in southeastern Poland. Romania: In 2014, drilling of the first exploration well in the Barlad Shale concession in northeast Romania was completed, as was a 2-D seismic survey across two of the three concessions in southeast Romania. The United Kingdom: The company’s average net oil-equivalent production in 2014 from nine offshore fields was 47,000 barrels per day, composed of 32,000 barrels of liquids and 88 million cubic feet of natural gas. Most of the company's production was from three fields: the 85 percent-owned and operated Captain Field, the 23.4 percent-owned and operated Alba Field, and the 32.4 percent-owned and jointly operated Britannia Field. Sales of Natural Gas and Natural Gas Liquids The company sells natural gas and natural gas liquids from its producing operations under various contractual arrangements. In addition, the compan


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