Chevron Corporation facts for kids
Logo used since 2006
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Chevron's main office in San Ramon, California
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| Public | |
| Traded as |
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| Industry | Oil and gas |
| Predecessor | Standard Oil of California Gulf Oil |
| Founded | June 19, 1879 as Pacific Coast Oil Company June 23, 1984 as Chevron Corporation |
| Headquarters | San Ramon, California, U.S. |
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Area served
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Worldwide |
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Key people
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John S. Watson (Chairman & CEO) |
| Products | Petroleum, natural gas and other petrochemicals |
| Revenue |  US$ 110 billion (2016) |
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Operating income
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US$ 158 million (2015) |
| US$ 4.58 billion (2015) |
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| Total assets |  US$ 266.02 billion (2015) |
| Total equity | US$ 155.02 billion (2015) |
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Number of employees
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61,500 (2016) |
| Subsidiaries | Texaco, Inc |
Chevron Corporation (NYSE: CVX) is a very large international energy company. Its main office is in San Ramon, California, in the U.S.. Chevron is one of the six biggest oil companies in the world. It has more than 60,000 employees working all over the globe.
The company started on September 19, 1879. Back then, it was called the Pacific Coast Oil Company. In 1906, it joined with a part of Standard Oil and changed its name to Standard Oil Company (California). Later, in 1984, Standard Oil of California and Gulf Oil joined together. This was the biggest company merger at that time. The company then changed its name to Chevron Corporation, which it still uses today.
What Chevron Does
Chevron is mainly involved in the oil and gas business. This means they:
- Look for and find oil and natural gas deep underground.
- Drill wells to bring the oil and gas to the surface.
- Process the oil and gas to make different products.
- Sell these products around the world.
Their products include petroleum (which is used to make gasoline and other fuels), natural gas, and other chemicals called petrochemicals. You might see Chevron gas stations where people fill up their cars.
Working with Energy
Chevron works with different types of energy. They are known for their work in geothermal energy. This is energy that comes from the heat inside the Earth.
Chevron says it is the world's largest producer of geothermal energy. Most of their geothermal projects are in Southeast Asia. For example, they have geothermal wells in Indonesia. These wells help provide electricity to big cities like Jakarta. They also operate geothermal wells in the Philippines.
Besides geothermal, Chevron also explores other types of energy. These include:
- Solar power, which uses sunlight to create electricity.
- Wind power, which uses wind turbines.
- Biofuels, which are fuels made from plants.
- Fuel cells and hydrogen energy.
Where Chevron is Located
Chevron's main office is in San Ramon, California. It's a large campus that covers 92 acres. The company moved there from its older office in San Francisco, California. They had been in San Francisco since they started in 1879.
Chevron also has big offices in Houston, Texas. They have leased several office towers there. They are even planning to build a new, very tall office building in downtown Houston. This new building will be 50 stories high and will be one of the tallest buildings in Houston.
Images for kids
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A Chevron station branded under the Standard name in Las Vegas, pictured in 2009
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Chevron gas station design used until 2006
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A Chevron gas station in Diamondville, Wyoming (taken on May 27, 2018)
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Chevron tower in Houston
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Oil operations in Ecuador, November 2007
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Pacific Coast Oil Co. logo (1879–1906)
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Standard Oil of California logo (1931–1948)
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Chevron logo (1968–2007)
See also
In Spanish: Chevron Corporation para niños
