Strategy
- Improve returns and selectively grow with a focus on integrated value creation.
Summary
Downstream includes refining, fuels and lubricants marketing, supply and trading, and
transportation. In 2008, we processed approximately 1.9 million barrels of crude oil per day
and averaged approximately 3.4 million barrels per day of refined product sales worldwide.
Downstream's most significant areas of operations are southern Africa, Southeast Asia,
South Korea, the United Kingdom, the U.S. Gulf Coast extending into Latin America, and
the U.S. West Coast. We hold interests in 17 fuel refineries and one asphalt plant and market
under the Chevron, Texaco and Caltex motor fuel brands. Products are sold through a network
of more than 25,000 retail stations, including those of affiliated companies.