() is one of the world's largest global
Energy Companies . Headquartered in
San Ramon, California , USA and active in more than 180 countries, it is engaged in every aspect of the
Oil and
Gas industry, including
Exploration and
Production ;
Refining , marketing and transport; chemicals manufacturing and sales; and
Power Generation . Chevron has facilities in 90 countries. Its headquarters are in San Ramon at 6001 Bollinger Canyon Road 94583.
Chevron was originally known as , or Socal, and was formed amid the
Antitrust breakup of
Standard Oil in 1911. It was one of the
"Seven Sisters" that dominated the world oil industry during the early 20th century.
In
1984 , the merger between Chevron and
Gulf Oil became the largest merger in world history at the time. Because of its size, Gulf divested many of its worldwide operating subsidiaries and sold some Gulf stations and a refinery in the eastern United States to satisfy US antitrust requirements. In
2001 , the former Chevron corporation merged with
Texaco to form ChevronTexaco. On
May 9 ,
2005 , ChevronTexaco announced it would drop the Texaco
Moniker and return to the Chevron name. Texaco will remain as a brand under the Chevron Corporation. On August 19, 2005, Chevron merged with the
Unocal Corporation , a move which, because of Unocal's large South East Asian geothermal operations, made Chevron the largest producer of
Geothermal Energy in the world.
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Chevron employs approximately 53,000 people worldwide and had approximately 12 billion barrels (1.9 km³) of oil-equivalent net proved reserves at
December 31 ,
2003 . Daily production in
2003 was 2.5 million net oil-equivalent barrels (400,000 m³) per day. In addition, the company had a global refining capacity at year-end
2003 of 2.2 million barrels (350,000 m³) of
Crude Oil per day. The company has a worldwide marketing network in 84 countries with approximately 24,000 retail sites, including those of affiliate companies. The company also has interests in 13
Power Generating assets in the
United States ,
Asia , and
Europe .
The company marked its 125th anniversary in
2004 , tracing its roots to an
Oil discovery at Pico Canyon, north of Los Angeles. This find led to the formation, in
1879 , of the Pacific Coast Oil Company, the predecessor of Chevron Corporation. Another side of the genealogical chart points to the
1901 founding of The Texas Fuel Company, a modest enterprise that started out in three rooms of a corrugated iron building in
Beaumont, Texas . This company would later become known as
Texaco .
Chevron was headquartered in San Francisco for nearly a century before it relocated its headquarters across the bay to San Ramon, CA. Chevron's headquarters buildings at 555 and 575
Market Street , built in the mid-1960's, in San Francisco were sold in December 1999.
Its original headquarters were at 200 Bush St., built in 1912. [http://www.sfbctc.org/highrise-91701.htm
station branded as Standard in Fort Worth, Texas.]]
Chevron is the owner of the
Standard Oil trademark in a 16-state area of the western and southeastern United States. To maintain ownership of the mark, the company owns and operates one Standard-branded Chevron station in each state of its area.
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Chevron is the only brand of gas used by several automakers when testing vehicles, including
General Motors and
Toyota . (
Ford does as well despite a strategic alliance with
BP .) Chevron also has often had one of the highest brand loyalty rates for gasoline in America, with only
Shell and BP (through
Amoco ) having such high rates as Chevron.
The company also develops and commercializes advanced energy technologies, including
Fuel Cell s,
Photovoltaics , and advanced batteries, and is active in research and development efforts to utilize
Hydrogen as a
Fuel for
Transport and
Power . Additionally, the company is investing in the field of
Nanotechnology , evaluating a new class of molecular building blocks that potentially may be useful in many industries.
- Delo (sold by Caltex and Chevron)
- Havoline (sold by Caltex and Texaco)
- Revtex (sold by Caltex)
- Ursa (sold by Texaco)
- Techron - Chevron, Texaco (phased in during 2005 ), Caltex (phased in during 2006 and later)
- Clean System 3 - Texaco (phased out during 2005 in favor of Techron)
As of November 2005
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In 1992, 777 women filed a
Class-action suit against Chevron for discrimination and tolerating
Sexual Harassment at Chevron Information Technology Company in
San Ramon . In 1995, they settled the harassment claim for $2.2 million. Chevron settled the rest of the charges for $7.42 million.
"Mother's Day Massacre" : In 1993, the day before
Mother's Day , Ortho, a joint division of Chevron and
Monsanto , fired more than 60 sales people, 90 percent of them over 40-years-old.
Forty-three of the employees sued Chevron and
Monsanto for
Age Discrimination . They settled for $18.3 million.
On May 28, 1998, as
Activist s were staging a demonstration on an oil platform in the
Niger Delta ,
Nigeria , Nigerian police and soldiers, instead of Chevron representatives (as the activists expected), were flown in with Chevron helicopters. Soldiers shot at the activists and subsequently two activists (Jola Ogungbeje and Aroleka Irowaninu) died from their wounds
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Chevron had ten refinery accidents in ten years at their refinery in Richmond, Ca. The 10th accident occurred on
25 March 1999 , when the refinery exploded. Hundreds of people living nearby complained of difficulty breathing and vomiting afterwards. Chevron's warning system was delayed for up to a half-hour after the blast.
Communities for a Better Environment sued Chevron,
Unocal (also an initiative funder), and other oil companies for polluting Latino and African-American communities in Los Angeles.
