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For the latest figures, view the 2014 Supplement to the Annual Report (5.9 MB).

Chevron Supply and Trading (S&T) provides a critical link between the market and Chevron's upstream, downstream and chemicals companies. The organization buys, sells and supplies crude oil, refined products, natural gas and gas liquids for Chevron's crude oil and natural gas production operations as well as for the company's refining and marketing network.

Headquartered in Houston, with additional trading hubs in London and Singapore and offcies worldwide, S&T manages 5 million barrels of crude oil and petroleum products in commodity transactions daily.

Chevron's supply and trading activities are organized by crude oil, natural gas and products.

Crude Supply and Trading (CSAT) buys, sells and transports all major grades of crude oil. CSAT secures the best prices for selling Chevron's upstream production and purchasing crudes used by our refineries. CSAT works closely with Chevron Shipping Company, Chevron Pipe Line Company and third parties to transport crudes for customers around the world, including Chevron's Americas Products and International Products organizations.

Gas Supply and Trading (GSAT) markets natural gas to wholesale and large end-use consumers, such as utility and industrial customers and pipeline operators. GSAT ranks among the leading marketers of natural gas in North America. GSAT also negotiates supply commitments of natural gas through short-term and mid-term liquefied natural gas marketing opportunities in North America, Europe and the Asia-Pacific region.

Product Supply and Trading manages global supply, trading and logistics for a wide range of products, including feedstocks; fuels; and refined products manufactured, distributed and sold through Chevron's refining and marketing system. Products include gasoline, naphtha, diesel, jet fuel, heavy fuels, biofuels, coke, sulfur, ammonia and asphalt.

Chevron 2014 General Terms and Conditions

Updated: March 2015

Crude Oil Marketing

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