Chevron's work in Russia ranges from exploration and transportation to technology licensing and consumer products.
Chevron is a major investor in the Caspian Pipeline Consortium (CPC). Approximately $2.2 billion of the $2.7 billion CPC pipeline construction budget was spent in Russia. Another $5.4 billion is expected to be spent in Russia on an expansion project approved in late 2010.
Chevron continues to work with Russian partners to identify opportunities for oil and natural gas exploration and development.
Our subsidiary Chevron Oronite has developed partnerships with several Russian oil companies that we supply with lubricants additives. We market Chevron® lubricants through a separate distributor network.
Through Chevron Lummus Global, several of Chevron's industry-leading technologies have been licensed to Russian oil companies.
Chevron also is a committed member of the community in Russia, supporting social programs, education and the arts.
Updated March 2011
Cautionary Statement