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Chevron Corporation is a multinational energy company operating in the integrated oil and gas sector.
It was founded in 1879 by a group of California-based entrepreneurs seeking to explore the growing oil market on the U.S. West Coast.
The company’s diversified portfolio spans exploration, production, refining, and marketing of oil and natural gas.
It also includes fuels, lubricants, petrochemicals, and renewable energy solutions such as biofuels, carbon capture, hydrogen, and energy storage technologies.
With operations in more than 180 countries, Chevron maintains a strong global presence across the United States, Latin America, Africa, Asia, and the Middle East.
It employs approximately 48,000 people worldwide and operates through a vast network of refineries, pipelines, and distribution terminals.
Chevron continually invests in innovation and advanced technologies to maximize operational efficiency while reducing its environmental footprint.
The company is actively developing deepwater exploration projects and contributing to the global energy transition through low-carbon initiatives.
Chevron Corporation is listed on the New York Stock Exchange (NYSE) under the ticker CVX.
History and Founding of Chevron Corporation
Chevron’s origins trace back to 1879, when it was established as Pacific Coast Oil Company in California. In 1900, it was acquired by Standard Oil Company, becoming a key subsidiary on the West Coast.
Following the dissolution of Standard Oil in 1911 due to antitrust rulings, the company became known as Standard Oil of California (SOCAL).
It later expanded significantly, especially after the acquisition of Gulf Oil Corporation in 1984, one of the largest mergers in corporate history at the time.
In 2001, Chevron merged with Texaco, forming ChevronTexaco, and adopted its current name, Chevron Corporation, in 2005.
Over the decades, Chevron has evolved from a traditional oil company to an energy player investing in renewable energy, carbon reduction, and emerging technologies. In the 2010s, it expanded activities in Brazil's pre-salt reserves and in U.S. shale gas development.
Between 2020 and 2024, the company accelerated its energy transition strategy, increasing investments in clean energy projects and committing to net-zero emissions by 2050.
It also pursued strategic acquisitions to strengthen its position in the sustainable energy sector.
Today, headquartered in San Ramon, California, Chevron remains one of the world’s leading energy companies, balancing its traditional fossil fuel operations with a growing focus on low-carbon solutions.
Additional Information
The Company Chevron Corporation (United States), is listed on NYSE with a market cap of $ 290.81 Billions, having an equity of $ 195.60 Billions.
With a total of 48.200 employees, the company is listed in the sector of Energy and categorized in industry of Oil & Gas Integrated.
In the last 12 months the Company had a revenue of $ 186.98 Billions, which generated a profit in the amount of $ 12.77 Billions.
As for its main indicators, the Company has a P/E ratio of 22.78, a P/BV ratio of 1.49 and in the last 12 months the dividend yield of CVX was at 4.51%.
The Company is traded internationally through the ticker CVX.
