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For the latest figures, view the 2013 Supplement to the Annual Report (4.7 MB).

Exploration and Production

Conducted through our subsidiary Chevron Canada Resources, Chevron's Canadian exploration and production efforts include offshore crude oil and natural gas projects in Atlantic and northern Canada; oil sands projects in Alberta; and natural gas and liquids from shales in western Canada. The company is also involved in the proposed Kitimat liquefied natural gas (LNG) and Pacific Trails Pipeline projects in British Columbia.

Net daily production in 2012 from Canadian operations was 25,000 barrels of crude oil, 4 million cubic feet of natural gas and 43,000 barrels of synthetic oil from oil sands.

Oil Sands Innovation

Oil sands, such as those found in northern Alberta, are a naturally occurring mixture of bitumen—a heavy, viscous form of crude oil mixed with water, sand and clay. Using hydroprocessing technology, bitumen can be refined to yield synthetic crude oil.

Chevron has a 20 percent nonoperated working interest in the Athabasca Oil Sands Project (AOSP) near Fort McMurray, Alberta. In 2012, the AOSP Expansion 1 Project continued to ramp up, increasing daily production to approximately 255,000 barrels. In mid-2012, a final investment decision was made on the Quest Project, a carbon capture and sequestration project that is designed to capture and store more than 1 million tons of carbon dioxide annually by 2015.

Investing in LNG

In February 2013, Chevron acquired a 50 percent-owned and operated interest in the Kitimat LNG project and proposed Pacific Trail Pipeline and a 50 percent nonoperated working interest in 644,000 total acres (2,606 sq km) in the Horn River and Liard shale gas basins in British Columbia. Plans for the Kitimat project call for a two-train 10 million-metric-ton-per-year LNG facility. In early 2013, front-end engineering and design was under way.

Exploring for Shale Gas

Chevron is developing natural gas from shale resources in western Canada. Chevron owns and operates shale exploration leases totaling approximately 253,000 acres (1,024 sq km) in the Duvernay Shale formation and approximately 200,000 acres in the Montney tight rock formation in Alberta. Similar to shale formations, a tight rock formation has low permeability and typically requires horizontal wells and hydraulic fracturing in order to produce economically. Drilling for these unconventional resources continued in 2012 with production beginning late in the year.

High Technology Offshore Newfoundland and Labrador

Off the east coast of Newfoundland and Labrador, Chevron has a 26.9 percent nonoperated working interest in the Hibernia Field that includes two key reservoirs, the Hibernia and Ben Nevis Avalon formations. Production decline continues to be mitigated through drilling programs for both reservoirs. Average net daily crude oil production in 2012 was 25,000 barrels.

Cutting-edge, cost-effective technologies are employed at the Hibernia Field. The production platform is specially built to withstand blows from large icebergs. The development includes wells that reach up to 4.5 miles (7.2 km) in length and are drilled to a depth of almost 13,000 feet (3,960 m).

The Hibernia Southern Extension (HSE) Unit development is expected to stem the production decline from the main Hibernia Field. Chevron has a 23.6 percent nonoperated working interest in the unitized HSE areas of the Hibernia Field. The $1.8 billion project includes drilling of producing wells from the existing Hibernia platform and subsea drilling of water-injection wells. During 2011, two producing wells from the Hibernia platform were completed. In 2012, progress was made on the fabrication of topside and subsea equipment. Full production startup is expected in 2014.

Southeast of Hibernia lies Hebron, a heavy oil field in which Chevron holds a 26.6 percent nonoperated working interest. Plans call for a freestanding concrete gravity-base structure with integrated drilling and production facilities and a capacity of 150,000 barrels of crude oil per day. A final investment decision was made in December 2012. The $14 billion project is expected to produce its first oil in 2017.

North of Hibernia and Hebron is the deepwater Orphan Basin exploration project. Chevron operates and holds a 65 percent interest in an exploration license totaling 1.5 million acres (6,040 sq km). In 2010, we set a water-depth record of 8,537 feet (2,602 m) for deepwater wells drilled in Canada. Drilling on the third exploration well in the Orphan Basin began in March 2013.

In the Flemish Pass Basin, southeast of Orphan Basin, Chevron has a 40 percent nonoperated interest in exploration rights for two blocks covering about 1.1 million acres (4,340 sq km). A 3-D seismic survey was conducted, and a drilling decision is expected in 2013.

Arctic Exploration and Development

Chevron has two exploration licenses in the Beaufort Sea. We own and operate the first license and have a 60 percent interest in and operate the second. During the second half of 2012, we collected 3-D seismic data on the second license.

Chevron holds a 35.4 percent nonoperated working interest in the offshore Amauligak field—the largest discovery in the Beaufort Sea—and is assessing development alternatives.

In Calgary, Alberta, the Chevron Arctic Center is home base for some of the world's foremost experts in Arctic exploration and development.

Natural Gas Trading and Storage

Chevron provides customers with natural gas storage and conducts trading activities in Canada. The company has a 94 percent interest in Aitken Creek and a 43 percent nonoperated interest in the Alberta Hub natural gas storage facilities. Together they have an approximate total capacity of 100 billion cubic feet. These facilities are adjacent to the Duvernay, Horn River and Montney shale formations.

Marketing and Retail

With an average of more than 80,000 customer visits per day, Chevron Canada ranks as British Columbia's market leader in transportation fuels. Our network also makes us the largest gasoline convenience store marketer in the province. It includes:

  • 161 service stations
  • 134 Town Pantry® convenience stores
  • 21 White Spot Triple O™ quick-serve restaurants

Chevron is a key supplier of condensates in British Columbia. We service the trucking and other commercial industries from a network of 40 commercial credit-card-operated facilities, commercial bulk fuel delivery facilities and marinas throughout British Columbia and Alberta. In addition, we supply more than 40 percent of the jet fuel used at Vancouver International Airport.


Chevron's Burnaby Refinery was established in 1935. The 55,000-barrel-per-day facility is the only refinery on the coast of British Columbia, Chevron Canada Ltd.'s primary marketing area.

In Burnaby, on the shores of Burrard Inlet near Vancouver, the refinery produces petroleum products from Canadian crude oil. The oil arrives at the refinery by pipeline from northern British Columbia and Alberta.

Conventional and synthetic crude oils, natural gas condensate, and butane are transformed into gasoline, diesel and jet fuels; asphalt; heating fuels; heavy fuel oils; butane; and propane.

Updated: April 2013

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