Top 10 Oil and Gas Companies in the World 2017

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7. Chevron

Chevron Corporation is an American multinational energy corporation which is based in California State of the nation.


Image: Wikimedia

Its successor company is Standard Oil, which is headquartered in San Ramon, California, and present in more than 180 countries. In the year 1911, the federal government of the USA divided the Standard Oil Company into several divisions under the Sherman Antitrust Act.

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One of those divisions, the Standard Oil Co. (California), went on to become Chevron. It is listed in the Ney York Stock Exchange and S&P of the U.S.A. Chevron is present in every division of the oil, natural gas, and geothermal energy industries, starting from exploration and production to refining, marketing and transport; chemicals manufacturing and sales; and finally power generation. It was ranked sixteenth in the Forbes list of Fortune 500 companies in the year 2014. It was also one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. Apart from the conventional fuels, Chevron's alternative energy operations include geothermal, solar, wind power, biofuel, fuel cells, and hydrogen. The company has spent at least $2 billion on research and acquisition of renewable power ventures. Chevron also pioneered in launching a 29-MW thermal solar-to-steam plant in the Coalinga Field to produce steam for enhanced oil recovery. The project is the largest of its kind in the world. In 1933, Saudi Arabia granted California Standard a concession to find oil, which led to the discovery of oil in 1938. In 1948, California Standard discovered the world's largest oil field in Saudi Arabia, the Ghawar Field. California Standard's subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944. Chevron's downstream operations include manufacturing and selling of products such as fuels, lubricants, additives and petrochemicals. The upstream operations include like the exploration and production of crude oil to midstream transportation, power and trading. The Company’s most significant areas of operations include the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. They believe in innovation and the effective use of technology to maximize utilization out of mature fields, discover new ones and meet the world's growing demand for energy. Their technological capabilities have constantly evolved to meet these new challenges and have played a pivotal role in bringing affordable energy that is a catalyst for economic growth and prosperity. While protecting the environment and working with our partners to strengthen communities, they operate all their activities in the most sustainable way.

Revenue billion USD: 114.47

Profit billion USD: -0.49

Production volume (Mn Barrels/Day): 3.5



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