highlightsofoperations

highlights of operations

In the Netherlands, Chevron is operating a lubricants marketing and retail business as well as a research center for the development of additives. We conduct business under our subsidiaries Chevron Netherlands B.V. and Chevron Oronite Technology B.V.

Rotterdam is the global technology center for marine lubricant additives research for our Chevron Oronite subsidiary. The laboratory also is responsible for engine oil additive development for the Europe, Africa and Middle East region.

Chevron manufactures lubricants in neighboring Ghent, Belgium, and an experienced sales force markets lubricants to customers in the Netherlands, directly and through a network of distributors. We also sell marine lubricants in the Rotterdam port to seagoing vessels. 

businessportfolio

business portfolio

marketing and retail

From our offices in Rotterdam, our subsidiary Chevron Netherlands B.V. markets lubricants, coolants and fuel treatments under the Texaco®, Havoline®, Ursa®, Delo® and Techron® brands directly to consumer, commercial and industrial customers and through authorized distributors.

We also market lubricants for marine markets. Chevron’s lubricants are predominantly based on Group II Premium Base Oils, imported from our own refineries in the United States. Chevron is the world’s leading producer of these base oils.

oronite

Our subsidiary Chevron Oronite Technology B.V runs the Rotterdam Technology Laboratory, where we conduct lubricant oil additive research.

The facility includes an engine test laboratory that focuses on testing automotive and large marine diesel engine additives. The lab meets the engine oil development needs of Oronite® additive customers in Europe, Africa and the Middle East.

The Rotterdam facility also is the global technology center for Oronite marine lubricant additives research.

recordofachievement

record of achievement

Chevron’s work in the Netherlands began more than a century ago.

Texaco, which later merged with Chevron, started operations in the Netherlands around 1902. After World War II, we started selling fuel under the Caltex® brand.

We began onshore exploration activities in the Netherlands in 1962. This led to the 1967 award of the Akkrum concession, which produced natural gas for more than 30 years before the field was decommissioned in 2003. The rural site was restored to its original state and reclaimed for agricultural use.

In 2005, Chevron acquired Unocal and its interests in the Netherlands. The company had been active in the country since the mid-1960s.

Also in 2005, Chevron and our partners were granted production licenses enabling development of the A/B shallow gas fields in the Dutch North Sea. A central processing platform and an export pipeline were installed in Block A12 in 2007. In 2011, the unmanned B13 satellite platform began production.

In 1982, first oil was produced from the Helder and Helm platforms in Block Q1 of the Dutch sector. Chevron celebrated the 30th anniversary of this significant milestone in 2012.

In November 2014, Chevron divested its exploration and production interests in the Dutch sector of the North Sea and sold its Chevron Transportation business.

health, environment and safety

Chevron’s Operational Excellence Management System, which aims to improve safety, environmental and health performance every day, is woven into every aspect of our operations.

Chevron employs Stop-Work Authority, a policy that establishes the responsibility and authority of any individual to stop work without repercussion when an unsafe condition or act could result in an undesirable event.

the economy and technology

Chevron contributes to the economy of the Netherlands through lubricant and fuel-additive research and as an employer.

contact

contact

Chevron Oronite Technology B.V.

Petroleumweg 32
3196 KD Vondelingenplaat
The Netherlands
Telephone: +31.0.10.295.1400
Fax: +31.0.10.438.1292

Chevron Netherlands B.V./Chevron B.V.

Petroleumweg 32
3196 KD Vondelingenplaat
The Netherlands
Telephone: +31.0.10.295.1400
Fax: +31.0.10.438.1292

disclosure;forward-lookingstatements

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER IMPORTANT LEGAL DISCLAIMERS

This website contains forward-looking images and statements relating to Chevron’s operations and lower carbon strategy that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “progress,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Our ability to achieve any aspiration, target or objective outlined in this report is subject to numerous risks, many of which are outside of our control. Examples of such risks include: (1) sufficient and substantial advances in technology, including the continuing progress of commercially viable technologies and low- or non-carbon-based energy sources; (2) laws, governmental regulation, policies, and other enabling actions, including those regarding subsidies, tax and other incentives as well as the granting of necessary permits by governing authorities; (3) the availability and acceptability of cost-effective, verifiable carbon credits; (4) the availability of suppliers that can meet our sustainability-related standards; (5) evolving regulatory requirements, including changes to IPCC’s Global Warming Potentials and U.S. EPA Greenhouse Gas Reporting Program, affecting ESG standards or disclosures; (6) evolving standards for tracking and reporting on emissions and emissions reductions and removals; (7) customers’ and consumers’ preferences and use of the company’s products or substitute products; (8) actions taken by the company’s competitors in response to legislation and regulations; and (9) successful negotiations for carbon capture and storage and nature-based solutions. Further, standards of measurement and performance set forth in this report made in reference to our environmental, social, governance, and other sustainability plans, goals and targets may be based on protocols, processes and assumptions that continue to evolve and are subject to change in the future, including due to the impact of future regulation. The reader should not place undue reliance on these forward-looking statements. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine, the conflict in Israel and the global response to these hostilities; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings and efficiencies associated with enterprise structural cost reduction initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures related to greenhouse gas emissions and climate change; the potential liability resulting from pending or future litigation; the risk that regulatory approvals and clearances related to the Hess Corporation (Hess) transaction are not obtained or are obtained subject to conditions that are not anticipated by the company and Hess; potential delays in consummating the Hess transaction, including as a result of the ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement; risks that such ongoing arbitration is not satisfactorily resolved and the potential transaction fails to be consummated; uncertainties as to whether the potential transaction, if consummated, will achieve its anticipated economic benefits, including as a result of risks associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the potential transaction that are not waived or otherwise satisfactorily resolved; the company’s ability to integrate Hess’ operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the potential transaction will not be realized or will not be realized within the expected time period; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; changes to the company’s capital allocation strategies; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 26 of the company’s 2023 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed on this website could also have material adverse effects on forward-looking statements.