natural gas

providing an efficient, economical energy source

For the latest figures, view the 2017 Supplement to the Annual Report.

what is natural gas?

Natural gas is the cleanest burning conventional fuel, producing lower levels of greenhouse gas emissions than the heavier hydrocarbon fuels, like coal and oil. The advantages of natural gas include its efficiency, abundance, and versatility. Historically, natural gas also has been one of the most economical energy sources.

what is natural gas used for?

Natural gas can be used to fuel electric power plants, heat buildings and is used as a raw material in many consumer products, including plastics.

According to the U.S. Department of Energy, demand for natural gas is expected to increase by approximately 31 percent from 2015 to 2035. Chevron is well positioned to meet this growing demand.


Did you know?

By 2035 natural gas is expected to account for about 24 percent of the world’s energy use and demand is expected to keep growing.

what is chevron doing?

Chevron is engaged in every aspect of the natural gas business – exploration, production, liquefaction, shipping, pipelines, marketing and trading, power generation, and gas-to-liquids (GTL). We hold the largest natural gas resource position in Australia through the Gorgon and Wheatstone projects and the North West Shelf Venture. We also have significant natural gas holdings in western Africa, Bangladesh, China, Indonesia, Kazakhstan, North America, the Philippines, South America, Thailand and the United Kingdom.

Natural gas is a growing segment of Chevron’s energy portfolio

U.S. production


billion cubic feet per day

international production


billion cubic feet per day

2016 net production


billion cubic feet

Chevron expects to substantially increase this volume over the next decade.

where is natural gas found?

Natural gas is found around the world in underground rock formations. Often, natural gas reservoirs are near areas where other fuels – like oil – are found. Although world natural gas resources are plentiful, the regions with natural gas surpluses are often oceans away from the greatest demand. Chevron has the capabilities required to develop resources and deliver natural gas to markets where its use is growing.