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Company Description
ChevronTexaco Corp. is a global energy company engaged in all aspects of the oil and gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation. We are also working to develop and commercialize the next generation of promising energy technologies. Our company is headquartered in San Ramon, California and, at the end of 2002, employed approximately 53,000 people. Active in more than 180 countries, the company's Caltex-, Texaco-, and Chevron-branded products hold top-tier rankings worldwide. ChevronTexaco was formed in 2001 by the merger of Chevron Corporation and Texaco Inc.
As of December 31, 2002, ChevronTexaco's worldwide operations include:
Exploration and Production (Upstream):
- ChevronTexaco has net proven reserves of about 12 billion barrels of oil and gas equivalent. It produces about 2.6 million barrels equivalent per day of crude oil and natural gas.
- Outside North America, ChevronTexaco has major oil and gas production operations in Angola, Argentina, Australia, China, Indonesia, Kazakhstan, Nigeria, Philippines, Republic of Congo, Thailand, Venezuela, the North Sea and the Middle East.
- Major oil and gas producing areas in North America include California, Gulf of Mexico, Texas and Canada.
Refining, Marketing and Transportation (Downstream):
- ChevronTexaco's worldwide network of 23 wholly owned and joint venture refineries have total refining capacity of more than 2.3 million barrels of crude oil a day.
- The company operates more than 24,000 retail outlets (including affiliates) and markets under the Chevron, Texaco and Caltex brands.
- Downstream global businesses include lubricants and aviation fuels marketing, fuels trading and shipping.
- ChevronTexaco's pipeline business transports crude oil and other petroleum products throughout the United States. The company also holds a 15 percent interest in the 935-mile crude oil export pipeline between the Tengiz oil field in Kazakhstan and the Black Sea port of Novorossiysk.
Petrochemicals:
- ChevronTexaco is one of the world's largest producers of commodity petrochemicals through Chevron Phillips Chemical Company, a 50/50 joint venture with ConocoPhillips.
- Chevron Oronite Company, a fuel and lubricating oil additives operating company, supplies one-fourth of the world's fuel and lubricants additives.
Power Generation:
- The company has interests in 30 power projects operating or being developed on five continents. Projects in operation generate more than 4,500 megawatts of electric power.
Energy Technologies:
- ChevronTexaco has invested in a range of energy technologies, including wind and solar power generation, fuel cells, hydrogen-fueled transportation systems and advanced batteries for hybrid electric vehicles.
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