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building a stronger future powered by american energy
3 min read | may 05, 2025
In 2024, Chevron increased U.S. production by nearly 20%, helping to ensure growth and powering American communities and businesses.
Chevron has a presence throughout the U.S.—for example, Chevron is Colorado’s largest oil and gas producer.
Here in the U.S., the energy sector is unlocking value for Americans—by powering key industries such as farming and transportation, increasing domestic energy supplies to strengthen reliability, and investing in local energy projects and jobs in all 50 states.
And Chevron is playing a key role: fueling communities and powering economic prosperity while helping the U.S. realize all the benefits of its oil and gas resources.

Oil and natural gas production supports 10.8 million jobs in all 50 states and contributes nearly $1.8 trillion to the U.S. economy (according to a 2021 report prepared for the American Petroleum Institute).
a nation isn’t just built—it’s powered
As a leading producer of oil and natural gas, Chevron is:
expecting to spend approximately
$9 billion
to increase U.S. production
fueling America’s economic engine by spending
$44 billion
with vendors and suppliers across all 50 states since 2022
Behind America’s energy leadership stand the local workforces that drive its success. Chevron supports these communities, spending $44 billion with U.S. vendors and suppliers since 2022.
In 2025, the company plans to invest nearly $9 billion in U.S. energy projects, creating jobs and stimulating industrial growth. In the Permian Basin, for example, where Chevron has maintained a presence for nearly a century, its operations have contributed to a flourishing regional economy that supported approximately 630,000 jobs in Texas, 145,000 in New Mexico and more than 850,000 nationwide in 2023.
permian basin
Chevron is seeing steady growth in the Permian Basin, where Chevron’s legacy dates to the late 1800s and the construction of the Texas & Pacific Railway. In 2025, Chevron is on track to deliver 1 million barrels of oil-equivalent (BOE) per day from the Permian.
colorado
Chevron is the state’s largest oil and gas producer, maintaining 400,000 BOE per day in the DJ Basin.
gulf of america
Chevron has explored and produced oil and natural gas for more than 85 years in the region, and it’s planning to increase production to 300,000 net BOE per day by 2026.
energy isn’t just power—it’s security
Chevron increased production by nearly 20% last year, powering the country’s communities and businesses. By doing so, Chevron is both strengthening energy supplies and securing the U.S. energy advantage. At the same time, it’s reducing foreign dependence and increasing national resilience.
From the heartland to the coasts, and deep under the Gulf of America, Chevron is helping secure America’s energy future—reliably and affordably—for generations to come.

Chevron’s U.S. assets are in the Permian Basin, Colorado and the Gulf of America.
america’s energy advantage
Natural gas produced in the U.S. could help the country become a world leader in artificial intelligence (AI), as natural gas is expected to help power AI’s rapid growth.
AI promises to ignite productivity gains across our economy, making it one of the most important technological breakthroughs in recent history and a key to American economic leadership.
Power reliability is necessary to keep the benefits of AI accessible. That’s why Chevron has teamed up with GE Vernova and Engine No. 1 to develop onsite power plants that can run on natural gas at certain data centers.
While Chevron works to power AI, Chevron employees are also using AI to enhance their ways of working. For decades, Chevron has utilized data science and analytics to advance energy solutions, laying the foundation for AI to evolve in this space.
powering what’s next
The story of American energy is still being written, and Chevron intends to play a pivotal role in its next chapter.
And as energy demand is projected to continue rising from current record highs, Chevron is responding by working to increase its U.S. oil and gas production in ways that are affordable, reliable and ever cleaner.
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