chevron at a glance

Future Growth Project–Wellhead Pressure Management Project
The Chevron-operated Tengizchevroil (TCO) joint venture in Kazakhstan continued construction in 2017 of the Future Growth Project–Wellhead Pressure Management Project (FGP-WPMP), designed to further increase total daily production from the supergiant Tengiz reservoir and maximize the ultimate recovery of resources.

Chevron is one of the world’s leading integrated energy companies. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemicals and additives; and develop and deploy technologies that enhance business value in every aspect of the company’s operations. Our success is driven by a dedicated, diverse and highly skilled global workforce, united by the vision, values and strategies of The Chevron Way and a commitment to deliver industry-leading results and superior stockholder value in any operating environment. We operate responsibly, applying advanced technologies, capturing new high-return opportunities, and producing returns in a socially and environmentally responsible manner. We take great pride in enabling human progress by developing the energy that improves lives and powers the world forward.

net oil-equivalent
daily production
1

2.7

million barrels

net oil-equivalent
proved reserves
2,3

11.7

billion barrels

sales and other
operating revenues
1

$134.7

billion

total assets2

$253.8

billion

1. Year ended December 31, 2017
2. At December 31, 2017
3. For definition of “reserves,” see Glossary of Energy and Financial Terms

driven by innovations in well design and applications of new technology

Chevron’s industry-leading shale and tight rock position in the Permian Basin of West Texas and southern New Mexico exceeded expectations in 2017, increasing production by 35 percent over 2016.

the permian basin is one of the most prolific oil and natural gas geologic basins in the United States

 

chevron resources*

11.2

billion barrels of net unrisked oil-equivalent Permian Basin resources in 2017

chevron acreage

~2.2

million net acres in the Permian Basin

permian unconventional production

181,000

average net oil-equivalent barrels per day in 2017

*For definition of “resources,” see Glossary of Energy and Financial Terms