CHEVRON CORPORATION at a Glance

Uppers

  • Plenty of room for advancement.
  • Prestigious: Chevron looks good on a resume.

Downers

  • Getting lost in the crowd of fellow workers.
  • Some managers expect employees to work long workdays.

The Bottom Line

  • Chevron offers plenty of opportunities for job seekers interested in a wide variety of careers.

About CHEVRON CORPORATION

Chevron has earned its stripes as the #2 integrated oil company in the US, behind Exxon Mobil. In 2015 it reported proved reserves of 11.2 billion barrels of oil equivalent and a daily production of 2.6 million barrels of oil equivalent, 5,550 miles of oil and gas pipeline, and a refining capacity of 1.8 million barrels of oil per day. Chevron also owns interests in chemicals, mining, and power production businesses. The company owns or has stakes in 7,860 gas stations in the US (and 6,090 outside the US) that operate mainly under the Chevron, Texaco, and Caltex brands. Chevron also owns 50% of chemicals concern Chevron Phillips Chemical

Geographic Reach

The company has operations in Angola, Argentina, Australia, Azerbaijan, Bangladesh, Brazil, Cambodia, Canada, China, Colombia, Democratic Republic of the Congo, Denmark, Indonesia, Kazakhstan, Myanmar, Nigeria, the Partitioned Zone between Saudi Arabia and Kuwait, the Philippines, Republic of the Congo, Singapore, South Africa, South Korea, Thailand, Trinidad and Tobago, the UK, the US, and Venezuela.

In 2015 the US accounted for 42% of Chevron’s revenues. Upstream (exploration and production) activities in the US are primarily located in California, the Gulf of Mexico, Colorado, Louisiana, Michigan, New Mexico, Ohio, Oklahoma, Pennsylvania, Texas, West Virginia, and Wyoming.

In 2015 international sales accounted for 53% of total revenues.

Operations

Chevron's upstream operations (25% of the company's total revenues in 2015) consist primarily of exploring for, developing, and producing crude oil and natural gas; liquefaction, transportation and regasification of liquefied natural gas; transporting crude oil via pipelines; processing, transporting, storage and marketing of natural gas; and a gas-to-liquids project.

Total gross productive oil wells in 2015 were 70,763 (48,485 net) and productive gas wells 17,521 (9,461 net).
 
Net daily production averaged 116,000 barrels of crude oil, 600 million cubic feet of natural gas and 34,000 barrels of NGLs.
 
Downstream operations (69%) include the refining of crude oil into petroleum products; marketing oil and refined products; transporting products by pipeline, ship, truck and rail; the making and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.
 
Other activities include mining, power generation, energy services, alternative fuels, and technology development, as well as corporate administration, financing, insurance, real estate management.

Sales and Marketing

The company sells crude oil, natural gas, and natural gas liquids from its producing operations under a variety of contractual arrangements. In addition, Chevron also makes third-party purchases and sales of crude oil, natural gas, and natural gas liquids in connection with its trading activities.

Chevron markets commercial aviation fuel at 100 airports worldwide. The company also markets an extensive line of lubricant and coolant products under the product names Havoline, Delo, Ursa, Meropa, Rando, Clarity and Taro in the US and worldwide under the Chevron, Texaco, and Caltex brands.
 
The company's marine fleet includes both US and foreign-flagged vessels. The US-flagged vessels are engaged in transporting refined products, primarily in the coastal waters of the United States. The foreign-flagged vessels transport crude oil from the Middle East, Southeast Asia, the Black Sea, South America, Mexico and West Africa to ports in the United States, Europe, Australia and Asia, as well as refined products and feedstocks to and from various locations worldwide.

Financial Performance

The company has recorded a decreasing trend in net revenues over the last five years.
 
In 2015 net revenues decreased by 35% due to a drop in downstream and upstream sales driven by lower crude oil and natural gas realizations, and lower crude oil prices and sales volumes.
 
Chevron has seen its net income decline over the last five years.
 
In 2015 net income dropped by 76% due to the decrease in net sales and increase in depreciation, depletion, and amortization.

Cash from operating activities decreased by 38%.

Strategy

Chevron seeks to grow its core areas, build new legacy positions and commercialize its natural gas resource base while growing a high-impact global natural gas business, and investing in profitable renewable energy and energy efficiency businesses. It is targeting production of 3.1 million barrels of oil-equivalent per day by 2017.

The company announced a 2016 capital and exploratory budget of $26.6 billion. This capital budget will enable Chevron to complete and ramp up projects under construction, fund high-return, short-cycle investments, preserve options for viable long-cycle projects, and ensure safe, reliable operations.

In 2016 the company announced plans to sell some of its Asia operations, selling assets worth up to $5 billion in an effort to raise cash. That year Chevron sold its interest in a refinery in New Zealand.
 
The company also signed an agreement for the sale of its interest in a refinery in Pakistan and is evaluating the sale of its interests in the Cape Town Refinery in South Africa. Chevron also completed the sale of its entire interest in Vietnam.
 
In addition, Chevron is pursuing the possible divestment of the Hawaii Refinery and related assets.

In 2015, the company announced that Unocal Myanmar Offshore Centered into a Production Sharing Contract with Myanma Oil & Gas Enterprise, to explore for oil and gas in the Rakhine Basin. In the US, that year Chevron teamed up with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.

In 2015, the company signed a deal with SK LNG Trading to supply the Korean company with 4.15 million tons of LNG over a five-year period starting in 2017. This will help in the commercialization of Chevron's significant natural gas holdings in Australia.

In 2015 the company sold its 50% stake in Caltex Australia. In 2014 sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. This will help to focus on strategically managing the portfolio to maximize the value of global upstream businesses.

Mergers and Acquisitions

In 2015 Chevron Mauritania Exploration agreed to acquire a 30% non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy.

In 2014 Chevron New Zealand Exploration was granted exploration rights to three blocks located offshore New Zealand, in a frontier basin with water depths ranging from 2,600 feet to 9,800 feet.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

CHEVRON CORPORATION

6001 Bollinger Canyon Rd.
San Ramon, CA 94583-2324
Phone: 1 (925) 842-1000
Fax: 1 (925) 894-0583

Stats

  • Employer Type: Public
  • Stock Symbol: CVX
  • Stock Exchange: NYSE
  • Chairman and CEO: John S. Watson
  • Chairman and CEO: John S. Watson
  • VP and CFO: Patricia E. Yarrington

Major Office Locations

  • San Ramon, CA

Other Locations

  • Anchorage, AK
  • Eagle River, AK
  • Anniston, AL
  • Berry, AL
  • Birmingham, AL
  • Chunchula, AL
  • Creola, AL
  • Dauphin Island, AL
  • Elmore, AL
  • Leesburg, AL
  • Montgomery, AL
  • Moulton, AL
  • North Little Rock, AR
  • Douglas, AZ
  • Heber, AZ
  • Mesa, AZ
  • Phoenix, AZ
  • Scottsdale, AZ
  • Tucson, AZ
  • Alhambra, CA
  • Aliso Viejo, CA
  • Alturas, CA
  • Anaheim, CA
  • Antioch, CA
  • Arcadia, CA
  • Arroyo Grande, CA
  • Arvin, CA
  • Auburn, CA
  • Bakersfield, CA
  • Baldwin Park, CA
  • Belmont, CA
  • Benicia, CA
  • Brea, CA
  • Brentwood, CA
  • Buena Park, CA
  • Burlingame, CA
  • Camarillo, CA
  • Cameron Park, CA
  • Capitola, CA
  • Carmel, CA
  • Carpinteria, CA
  • Chino, CA
  • Chino Hills, CA
  • Chula Vista, CA
  • Claremont, CA
  • Coalinga, CA
  • Compton, CA
  • Concord, CA
  • Corona, CA
  • Costa Mesa, CA
  • Cupertino, CA
  • Dana Point, CA
  • Danville, CA
  • Diamond Bar, CA
  • Dixon, CA
  • El Cajon, CA
  • El Cerrito, CA
  • El Monte, CA
  • El Segundo, CA
  • El Toro, CA
  • Elk Grove, CA
  • Eureka, CA
  • Fair Oaks, CA
  • Fairfield, CA
  • Firebaugh, CA
  • Folsom, CA
  • Fontana, CA
  • Fremont, CA
  • Fullerton, CA
  • Gilroy, CA
  • Goleta, CA
  • Greenbrae, CA
  • Half Moon Bay, CA
  • Hanford, CA
  • Hayward, CA
  • Huntington Beach, CA
  • Inglewood, CA
  • Irvine, CA
  • Kettleman City, CA
  • Lake Elsinore, CA
  • Lancaster, CA
  • Lemon Grove, CA
  • Lincoln, CA
  • Livingston, CA
  • Loma Linda, CA
  • Lompoc, CA
  • Long Beach, CA
  • Los Angeles, CA
  • Lost Hills, CA
  • Manteca, CA
  • Marina Del Rey, CA
  • Mc Kittrick, CA
  • Menifee, CA
  • Milpitas, CA
  • Mission Viejo, CA
  • Modesto, CA
  • Monterey, CA
  • Monterey Park, CA
  • Moraga, CA
  • Moreno Valley, CA
  • Mountain Pass, CA
  • Mountain View, CA
  • Murrieta, CA
  • Napa, CA
  • Needles, CA
  • Newbury Park, CA
  • Newport Beach, CA
  • Norco, CA
  • Novato, CA
  • Oakland, CA
  • Ontario, CA
  • Orange, CA
  • Orinda, CA
  • Oxnard, CA
  • Palmdale, CA
  • Perris, CA
  • Petaluma, CA
  • Pleasant Hill, CA
  • Pleasanton, CA
  • Rancho Cordova, CA
  • Rancho Cucamonga, CA
  • Rancho Mirage, CA
  • Rialto, CA
  • Richmond, CA
  • Rio Vista, CA
  • Ripon, CA
  • Riverbank, CA
  • Riverside, CA
  • Rocklin, CA
  • Rohnert Park, CA
  • Roseville, CA
  • Sacramento, CA
  • San Ardo, CA
  • San Diego, CA
  • San Francisco, CA
  • San Jacinto, CA
  • San Jose, CA
  • San Leandro, CA
  • San Lorenzo, CA
  • San Marcos, CA
  • San Mateo, CA
  • Santa Clara, CA
  • Santa Maria, CA
  • Santa Paula, CA
  • Santa Rosa, CA
  • Signal Hill, CA
  • Simi Valley, CA
  • South San Francisco, CA
  • Stockton, CA
  • Suisun City, CA
  • Temecula, CA
  • Torrance, CA
  • Tracy, CA
  • Vacaville, CA
  • Valencia, CA
  • Vallejo, CA
  • Van Nuys, CA
  • Ventura, CA
  • Walnut, CA
  • Walnut Creek, CA
  • West Sacramento, CA
  • Wilmington, CA
  • Englewood, CO
  • Grand Junction, CO
  • Meeker, CO
  • Rangely, CO
  • Stamford, CT
  • Washington, DC
  • Coral Springs, FL
  • Davie, FL
  • Deerfield Beach, FL
  • Delray Beach, FL
  • Doral, FL
  • Fort Lauderdale, FL
  • Fort Myers, FL
  • Freeport, FL
  • Hialeah, FL
  • Homestead, FL
  • Jacksonville, FL
  • Key West, FL
  • Kissimmee, FL
  • Lady Lake, FL
  • Margate, FL
  • Merritt Island, FL
  • Miami, FL
  • Miami Gardens, FL
  • Miramar, FL
  • Oakland Park, FL
  • Palm City, FL
  • Panama City, FL
  • Pembroke Pines, FL
  • Plantation, FL
  • Riverview, FL
  • Stuart, FL
  • Sunrise, FL
  • Tampa, FL
  • Tequesta, FL
  • Titusville, FL
  • West Palm Beach, FL
  • Alpharetta, GA
  • Athens, GA
  • Atlanta, GA
  • Ball Ground, GA
  • Buford, GA
  • Columbus, GA
  • Decatur, GA
  • Douglasville, GA
  • Duluth, GA
  • Fairburn, GA
  • Gainesville, GA
  • Leesburg, GA
  • Macon, GA
  • Marietta, GA
  • Norcross, GA
  • Roswell, GA
  • Stone Mountain, GA
  • Eleele, HI
  • Hilo, HI
  • Kahului, HI
  • Kapolei, HI
  • Lemont, IL
  • Lockport, IL
  • Naperville, IL
  • Skokie, IL
  • Shawnee Mission, KS
  • Georgetown, KY
  • Louisville, KY
  • Shepherdsville, KY
  • Abbeville, LA
  • Arcadia, LA
  • Baton Rouge, LA
  • Belle Chasse, LA
  • Bossier City, LA
  • Cameron, LA
  • Covington, LA
  • Crowley, LA
  • Erath, LA
  • Golden Meadow, LA
  • Gretna, LA
  • Houma, LA
  • Lafayette, LA
  • Metairie, LA
  • Morgan City, LA
  • New Iberia, LA
  • New Orleans, LA
  • Opelousas, LA
  • Paradis, LA
  • Shreveport, LA
  • Slidell, LA
  • Sorrento, LA
  • Tallulah, LA
  • Youngsville, LA
  • Baltimore, MD
  • Saint Paul, MN
  • Collins, MS
  • Hazlehurst, MS
  • Heidelberg, MS
  • Pascagoula, MS
  • Picayune, MS
  • Charlotte, NC
  • Hickory, NC
  • Kernersville, NC
  • Lincoln, NE
  • Bloomfield, NJ
  • Elizabeth, NJ
  • Perth Amboy, NJ
  • Albuquerque, NM
  • Aztec, NM
  • Eunice, NM
  • Farmington, NM
  • Gallup, NM
  • Hobbs, NM
  • Lovington, NM
  • Questa, NM
  • Jean, NV
  • North Las Vegas, NV
  • Cleves, OH
  • Guymon, OK
  • Marietta, OK
  • Marlow, OK
  • Beaverton, OR
  • Bend, OR
  • Grants Pass, OR
  • Gresham, OR
  • Hillsboro, OR
  • Medford, OR
  • Milwaukie, OR
  • Portland, OR
  • Veneta, OR
  • Coraopolis, PA
  • East Greenwich, RI
  • Florence, SC
  • Hartsville, SC
  • Smyrna, TN
  • Allen, TX
  • Amarillo, TX
  • Andrews, TX
  • Arlington, TX
  • Austin, TX
  • Beaumont, TX
  • Bellaire, TX
  • Big Spring, TX
  • Brenham, TX
  • Brock, TX
  • Carrollton, TX
  • Crane, TX
  • Dallas, TX
  • De Berry, TX
  • Edinburg, TX
  • Euless, TX
  • Forest Hill, TX
  • Fort Stockton, TX
  • Fort Worth, TX
  • Galena Park, TX
  • Houston, TX
  • Huffman, TX
  • Humble, TX
  • La Marque, TX
  • Lancaster, TX
  • Laredo, TX
  • Lewisville, TX
  • Longview, TX
  • Lubbock, TX
  • Lufkin, TX
  • Malakoff, TX
  • Midland, TX
  • Mineola, TX
  • Mont Belvieu, TX
  • Nederland, TX
  • New Caney, TX
  • Odessa, TX
  • Ozona, TX
  • Pflugerville, TX
  • Plano, TX
  • Port Arthur, TX
  • Pyote, TX
  • Richardson, TX
  • Roscoe, TX
  • San Antonio, TX
  • Seminole, TX
  • Sour Lake, TX
  • Sundown, TX
  • Texas City, TX
  • Tomball, TX
  • Van, TX
  • Wortham, TX
  • Zapata, TX
  • North Salt Lake, UT
  • Roosevelt, UT
  • Salt Lake City, UT
  • Taylorsville, UT
  • Washington, UT
  • Reston, VA
  • Auburn, WA
  • Bainbridge Island, WA
  • Davenport, WA
  • Everett, WA
  • Federal Way, WA
  • Kent, WA
  • Lacey, WA
  • Mount Vernon, WA
  • Pasco, WA
  • Puyallup, WA
  • Renton, WA
  • Ruston, WA
  • Seattle, WA
  • Shoreline, WA
  • Tumwater, WA
  • Vancouver, WA
  • Woodland, WA
  • Yakima, WA
  • Evanston, WY
  • Kemmerer, WY
  • La Barge, WY
  • Rock Springs, WY
  • Boom, Belgium
  • Brussel, Belgium
  • Gent, Belgium
  • Belo Horizonte, Brazil
  • Maua, Brazil
  • Rio De Janeiro, Brazil
  • Aldergrove, Canada
  • Burnaby, Canada
  • Burns Lake, Canada
  • Calgary, Canada
  • Campbell River, Canada
  • Chilliwack, Canada
  • Cobble Hill, Canada
  • Comox, Canada
  • Courtenay, Canada
  • Delta, Canada
  • Duncan, Canada
  • Edmonton, Canada
  • Fraser Lake, Canada
  • Kamloops, Canada
  • Kelowna, Canada
  • Langley, Canada
  • Maple Ridge, Canada
  • Nanaimo, Canada
  • New Westminster, Canada
  • North Vancouver, Canada
  • Parksville, Canada
  • Penticton, Canada
  • Port Coquitlam, Canada
  • Port Hardy, Canada
  • Prince George, Canada
  • Prince Rupert, Canada
  • Revelstoke, Canada
  • Richmond, Canada
  • Saint-Hubert, Canada
  • Squamish, Canada
  • St. John'S, Canada
  • Surrey, Canada
  • Vancouver, Canada
  • Williams Lake, Canada
  • Chengdu, China
  • Guangzhou, China
  • Bogota, Colombia
  • Gonfreville L Orcher, France
  • Lyon, France
  • New Delhi, India
  • Balikpapan, Indonesia
  • Firenze, Italy
  • Massa, Italy
  • Omaezaki, Japan
  • Oslo, Norway
  • Makati, Philippines
  • Aberdeen, Scotland
- Show Less + Show More

Get Our Career Newsletter

Interview, resume and job search tips emailed directly to you.