Chevron is one of the world's leading integrated energy companies. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; invest in profitable renewable energy and energy efficiency solutions; and develop the energy resources of the future, including researching advanced biofuels.
We trace our beginnings to an 1876 oil discovery at Pico Canyon, north of Los Angeles, which led to the formation of the Pacific Coast Oil Co. That company later became Standard Oil Co. of California and, subsequently, Chevron. We took on the name Chevron when we acquired Gulf Oil Corporation in 1984, which nearly doubled our worldwide proved crude oil and natural gas reserves. At the time, our merger with Gulf was the largest in U.S. history.
Another part of our history is The Texas Fuel Company, formed in Beaumont, Texas, in 1901. It later became known as The Texas Company and, eventually, Texaco. In 2001, our two companies merged.
The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as an energy industry leader, increasing our crude oil and natural gas assets around the world.
Our diverse and highly skilled global workforce consists of approximately 64,700 employees, including more than 3,200 service station employees.
In 2014, Chevron's average net production was 2.571 million oil-equivalent barrels per day. About 74 percent of that production occurred outside the United States. Chevron had a global refining capacity of 1.9 million barrels of oil per day at the end of 2014.
Our marketing network supports retail outlets on five continents.
Technology and Emerging Energy
We focus on technologies that improve our ability to find, develop and produce crude oil and natural gas from conventional and unconventional resources.
We also invest in the development of emerging energy technologies, such as finding better ways to make nonfood-based biofuels, piloting advanced solar technology for our operations and expanding our renewable energy resources.
Environment and Safety
As a company and as individuals, we take great pride in contributing to the communities where we live and work.
We also care about the environment and are proud of the many ways in which our employees work to safeguard it.
Our persistent efforts to improve on our safe work environment continue to pay off. In 2014, we achieved strong safety results, including record lows in the days-away-from-work rate, the total recordable incident rate, loss of containment incidents and spill volumes.
We recognize that the world needs all the energy we can develop, in every potential form. That's why our employees work to responsibly develop the affordable, reliable energy the world needs.
Updated: May 2015