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Chevron Corporation facts for kids

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Chevron Corporation
Public
Traded as
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.
Area served
Worldwide
Key people
John S. Watson (Chairman & CEO)
Products Petroleum, natural gas and other petrochemicals, See Chevron products
Revenue Decrease US$ 110 billion (2016)
Operating income
Decrease US$ 0158 million (2015)
Decrease US$ 04.58 billion (2015)
Total assets Increase US$ 266.02 billion (2015)
Total equity Increase US$ 155.02 billion (2015)
Number of employees
61,500 (2016)
Subsidiaries Texaco, Inc

Chevron Corporation (NYSECVX) is a large international energy company, based in San Ramon, California. It employs over 60,000 people. It is one of the six largest oil companies in the world.

In September 1879, the Pacific Coast Oil Company was created. They kept the name until 1906, when it merged with a Standard Oil subsidiary and became Standard Oil Company (California). Standard Oil of California and Gulf Oil merged in 1984, which became the largest merger in history at that time. The company would change its name to Chevron Corporation the same year.

Alternative energy

Solarmine1
Chevron's 500kW Solarmine photovoltaic solar project in Fellows, California

The Chevron's alternative energy operations include geothermal, solar, wind, biofuel, fuel cells, and hydrogen.

Chevron has claimed to be the world's largest producer of geothermal energy. The company's geothermal operations are primarily located in Southeast Asia.

Chevron operates geothermal wells in Indonesia providing power to Jakarta and the surrounding area. In the Philippines, Chevron also operates geothermal wells at Tiwi field in Albay province, the Makiling-Banahaw field in Laguna and Quezon provinces.

Headquarters

Chevron's corporate headquarters are located in a 92-acre campus in San Ramon, California. The company moved there from its earlier headquarters at 555 Market Street in San Francisco, California, where it was located since its inception in 1879. Chevron also operates from office towers in Houston, Texas, where it leased the 1500 Louisiana Street and 1400 Smith Street from former Texas energy giant Enron. Chevron is also planning a new office tower in downtown Houston next to its existing properties at 1600 Louisiana Street. The building will stand 50-stories and 832 feet. Upon completion, it'll be the fourth tallest building in Houston and the first 50-story building constructed there in nearly 30 years.

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