Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.
What We Do
Chevron Technology Ventures (CTV) helps Chevron embrace emerging technologies to create new commercial opportunities, reduce costs and improve performance.
CTV serves as one of the company's most important technology "scouts," always searching for emerging technologies that could enhance Chevron's strategies. CTV identifies, acquires, tests, validates, and – if appropriate – helps integrate those technologies into the company's core businesses. Alternatively, technologies may be studied then "shelved" for future consideration.
Chevron Technology Ventures works through four business units.
Venture Capital
Chevron's venture capital business unit finds and makes investments in early-stage companies offering technology valuable to Chevron. Chevron Venture Capital then helps Chevron business units implement that technology.
Go to Chevron Venture Capital
Biofuels
CTV's Biofuels business unit is developing technologies related to large-scale commercial production and distribution of non-food biofuels in the United States.
Learn About Our Work in Biofuels
Emerging Energy
CTV's Emerging Energy business unit is exploring innovative ways that Chevron can use renewable energy to run its operations more cost-effectively while reducing our carbon footprint.