Do you have any idea about the chevron stock prices? Chevron is one of the world’s largest companies. As of March 2020, it ranked fifteenth in the Fortune 500 with a yearly revenue of $146.5 billion and a market valuation of $136 billion. In the 2020 Forbes Global 2000, Chevron was ranked as the 61st largest public company in the world. It was also one of the Seven Sister which dominated the global petroleum industry from the mid-1940s to the 1970s. Chevron is incorporated in California.
Chevron Stock Prices
Chevron Corporation is an American multinational energy corporation. The Chevron Gas Station which is downstream of the Chevron Corporation is one of the successor companies of Standard Oil Company of California where its headquarters complex is based and active in more than 180 countries. Chevron is engaged in every aspect of the oil, natural gas, including hydrocarbon exploration and production; refining, marketing and transport, chemicals manufacturing and sales, and power generation.
About Chevron Corporation
Chevron Corporation is an oil and gas industry that was founded on the 10th of September, 1879. Its predecessor was Standard Oil Company of California. The company has its headquarters based in San Roman, California.
Chevron’s downstream operations manufacture and sell products such as fuels, lubricants, additives, and petrochemicals. The company’s most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, and Australia. In 2018, the company produced an average of 791,000 barrels of net oil-equivalent per day in the United States.
Chevron Stock and Shares
In 2000, Chevron bought Texaco in a $45 billion deal which created the United States’ second-largest oil company and the fourth-largest publicly traded oil company in the world. The Corporation has had many different brands under its umbrella including Chevron, Standard Oil, Texaco, Unocal, Redwood Market, Star Mart, Extra Mile, Town Pantry, Revtex, Delo, Havoline, Ursa, Techron, and Caltex.
Chevron is also distinguished by its environmentally track record and achieved the highest score for an American oil and gas company investing in alternative energy sources and setting emission reduction targets.
The company is also the largest producer of geothermal energy. Chevron has also slashed its own energy usage by more than 30% since 1992 by utilizing alternative energy platforms including hydrogen fuel and solar panels at its facilities. In 2010, the company acquired Atlas Petroleum for $4.3 billion to make inroads in the lucrative Marcellus shale and Utica shale plays.
In 2014, Chevron began reducing its investment in renewable energy technologies, reducing headcount, and selling alternative energy-related assets. In 2015, the Shell Canada Quest Energy project was launched of which Chevron Canada Limited holds a 20% share. The project is based within the Athabasca Oil Sands Project near Fort McMurray, Alberta. It is the world’s first CCS project on a commercial-scale.
As of 31st December 2018, Chevron had approximately 48,600 employees (including about 3,600 service station employees). Approximately 24,800 employees (including about 3,300 service station employees), or 51 percent, were employed in U.S. operations.
On 1st of July, 2020 Chevron Australia Downstream Pty Ltd, a wholly-owned subsidiary of Chevron Corp., announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU$425 million.
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