exploration and production

we're meeting the world's growing demand for energy

"For the latest figures, view the 2016 Supplement to the Annual Report (4.7 MB)."


We're leaders in working in extremely difficult environments, and we have major operations in some of the world's most important oil and gas regions. Our upstream business combines innovation and the effective use of technology to maximize mature fields, discover new resources and meet the world's growing demand for energy. Through targeted investments and a consistent focus on operational excellence, we are developing the next generation of legacy producers.


providing energy for progress

Exploration is essential to our business. In 2015, we sought new resources in deepwater regions of West Africa, the U.S. Gulf of Mexico and offshore Australia, and we planned drilling and seismic activities in more than 10 countries. Our technological capabilities are constantly evolving to meet these new challenges and play a pivotal role in bringing new resource opportunities and proved reserves into production through major capital projects.

Our robust project portfolio is poised to bring significant new resources to global markets.

diverse assets and a global presence

Our portfolio spans across all forms of energy and we have a presence in all of the key basins around the world. Exploring and producing in each of these regions offers exciting opportunities to meet tomorrow’s complex energy challenges.

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heavy oil

Applying our heavy oil technologies, we aim to recover billions of barrels already discovered, yet historically beyond reach. After 50 years of pioneering in the field, our investment in advanced processing technologies has dramatically increased recoverable reserves.

heavy oilstories

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We are a leader in developing new technologies to tap the oil that lies deep beneath the ocean floor. In promising locations worldwide, we navigate uncertain weather conditions, frigid water and crushing pressure to conduct deepwater drilling and seismic activities and maintain our strong position in the world's key oil-producing areas.


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natural gas

A clean-burning and efficient energy source, natural gas now accounts for about 22 percent of the world’s energy supply. And with natural gas resources on six continents, we are well positioned to meet escalating demand.

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The world has enormous quantities of natural gas, but much of it is in areas far from where the gas is needed. We're invested in every aspect of the production and safe transportation of liquefied natural gas so that it can reach the world's fastest-growing markets.


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For more than 130 years, Chevron has been developing some of the world's most complex crude oil fields. Our extensive project portfolio provides the foundation for future growth.


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shale/tight resources

Natural gas and crude oil from shale and tight rock are changing the global energy supply landscape. We're developing new resources in shale/tight formations in the United States, Argentina and Canada.

shale/tight resourceslearn more

regional operations

Our upstream operations span the globe. Learn more about exploration and production in the regions where we operate.

Latin America
Middle East
North America


boosting our base

At Chevron, we’re experts at extending the life of what we have—our base business—to help fund future energy developments.

taking care of base business

taking care of base business

Learn how we apply technology and human ingenuity to keeping our base business flowing.