Highlights of Operations

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

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 initial construction budget was spent in Russia. Another $5.6 billion is expected to be spent on an expansion project that began construction in 2011.

Through our subsidiary Chevron Neftegaz Inc., Chevron is interested in building a profitable crude oil and natural gas business in Russia and is conducting extensive technical studies to identify opportunities for possible partnership with Russian companies.

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 LLC, several of Chevron’s industry-leading technologies have been licensed to Russian oil companies.

Chevron sells lubricants for consumer, commercial, industrial and marine use in Russia through authorized distributors.

In addition, Chevron is a committed member of the community in Russia, supporting social programs, education and the arts.

Updated: March 2015

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Fact Sheet

Russia (52 KB)