chevron corporation subsidiaries

[192], According to gas and oil expert Andrzej Szczesniak, one of the main reasons for the protest is the difference between Polish and American law. [132][142][143] It later emerged that Chevron had paid a key witness in the case hundreds of thousands of dollars for his testimony, which he later admitted to have been false. [73] In August 2014 a significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the. SAN RAMON, Calif., April 4, 2019 – The Supreme Court of Canada has rejected a request to review a decision of the Court of Appeal for Ontario that a $9.5 billion Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary. [195] Governor Jorge Sapag defended the police actions: "The march was generally peaceful, but about 100 people separated from the rest and attacked the police. It is the world's first CCS project on a commercial-scale. Net daily production from these three offshore PSCs averaged 2,000 barrels of liquids and 33 million cubic feet of natural gas in 2019. Chevron Argentina S.R.L. Chevron is the non-operating partner in seven joint venture refineries, located in Australia,[85] Pakistan,[86] Singapore, Thailand, South Korea, and New Zealand. [23] However, its status in Kentucky is unclear after Chevron withdrew its brand from retail sales from Kentucky in July 2010. To comply with U.S. antitrust law, California Standard divested many of Gulf's operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States. Cambridge Analytica is a now-defunct consulting company that specialized in using data science methodologies to support political campaigns. Chevron Corporation is one of the world’s leading integrated energy companies. Today, Chevron is the owner of the Standard Oil trademark in 16 states in the western and southeastern United States. world. Sugar is a senior advisor to many businesses and organizations including Apple, Ares Management, and Bain & Company. [166] The Mercedes suit was settled for $1.3 million dollars. [206], American multinational energy corporation, This article is about the oil company mostly in the Americas. The company also has interests in 13 power generating assets in the United States and Asia and has gas stations in Western Canada. Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc. Patent encumbrance of large automotive NiMH batteries, "Chevron names Michael Wirth chairman and CEO", "Top 100 producers and their cumulative greenhouse gas emissions from 1988-2015", "Chevron Throws Book at Shareholder Activist (Me)", "Activist Faces Charges in Chevron Meeting Outburst", "Protesters Disrupt BP's First Shareholder Meeting Since Oil Spill", "Eastern Withdrawal for Chevron | CSP Daily News / Magazine | Petroleum – CSP Information Group, Inc. – news for convenience & petroleum retailing", "Chevron's exit from Kentucky opens door for other gas brands", "Vintage Calso Gasoline / Standard Oil of California pump", "Chevron acquires Kmart property in Moon for possible regional headquarters – Pittsburgh Post-Gazette", "Gulf Oil acquires brand rights for entire US", "Chevron Corp, Form 10-Q, Quarterly Report, Filing Date Nov 8, 1996", "Chevron Corp, Form 8-K, Current Report, Filing Date Mar 6, 2000", "Chevron Corp, Form 8-K, Current Report, Filing Date May 25, 2007", "Chevron's Profit Rises 24%, With Help From Its Refineries", Texaco To Acquire General Motor's Share of GM Ovonic Battery Joint Venture: Deal Reflects Technology's Potential For Broad Energy Applications, https://www.autonews.com/article/20001023/ANA/10230771/gm-will-sell-its-60-stake-in-battery-maker-to-texaco, "Chevron Corp, Form 8-K, Current Report, Filing Date Oct 16, 2000", "The Chevron – Texaco Merger / An oil giant emergers / Shareholders approval of Chevron-Texaco deal creates industy's lates behemoth", ChevronTexaco Corporation Announce Completion of Merger, "Chevron Corp, Form 8-K, Current Report, Filing Date May 10, 2005", "Chevron Corp, Form 8-K, Current Report, Filing Date Apr 7, 2005", "Chevron Corp, Form 8-K, Current Report, Filing Date Aug 10, 2005", "Chevron plans to buy Unocal for $18.4 billion / Deal would bolster East Bay oil giant's strategically located sources of gas, crude", "Shareholders Vote in Favor Of Unocal Acquisition", "Chevron and Los Alamos Jointly Research Oil Shale Hydrocarbon Recovery", "Interior Department Issues Oil Shale Research, Development and Demonstration Leases for Public Lands in Colorado", "Chevron leaving Western Slope oil shale project", "Chevron Corp, Form DFAN14A, Filing Date Nov 9, 2010", "Chevron to Buy Atlas Energy for $4.3 Billion", "Chevron Corp, Form 10-K, Annual Report, Filing Date Feb 24, 2011", "Chevron Continues Aggressive Expansion into Marcellus Shale in PA – Buys Leases for Additional 228K Acres from Chief Oil & Gas | Marcellus Drilling News", "France's Total snaps up Chevron's Pakistan retail network", Chevron sells stake in Canadian shale field to Kuwait, "Glencore pips Sinopec to buy Chevron's South African assets", "Chevron Announces Agreement to Acquire Anadarko", "Chevron invests in carbon capture technology company", "Oil-Bust Refugees Are Being Courted By Clean Energy in Texas", "Chevron Acquires Noble Energy for $5 Billion", "Chevron strikes US$5bn deal to acquire Noble Energy", "Chevron Corporation 2018 Annual Report (Form 10-K)", "Chevron celebrates 5 billion barrels of Permian Basin crude – Mywesttexas.com: Local Newsroom", "Chevron's Gorgon project taking shape | Latest Business & Australian Stock market News", "Chevron's Wheatstone LNG project to generate 6,500 jobs, says Roy Krzywosinski", "Higher interim dividend by Santos as oil and gas revenue rises", "Escravos Gas-to-Liquids Project, Niger Delta", "Chevron Corporation (CVX) Stock Description", "Chevron Rises To $104 As Kazakhstan Kicks Up Production", "Caspian Pipeline Consortium: Private Company Information – Businessweek", "Chevron to Spend $770 Million on Remote Projects", "Why oil giant Chevron is buying Anadarko Petroleum for $33 billion", "Oil bidding war: Occidental trumps Chevron's deal for Anadarko", "Caltex Australia Starts Review of Refineries as Margins Drop", "N.Z. The first project for MBS was to make a game about an oil refinery for Chevron, eventually named SimRefinery. 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. (The refinery is currently owned by Sunoco.) [140], In March 2014, United States district court judge Lewis A. Kaplan[141] ruled that the Ecuadorian plaintiff's lead attorney, Steven Donziger, had used "corrupt means," including "coercion, bribery, money laundering and other misconduct," to obtain the 2011 court verdict in Ecuador. The videos purportedly show employees and consultants finding petroleum contamination at sites in the Ecuadorean Amazon that the company claimed was cleaned up years earlier. Chevron is incorporated in California. Supplier Cobasys exploring more hybrid batteries. In 1998, the Ecuadorean government signed an agreement with Texaco accepting the clean-up as complete and absolving Texaco of any further responsibility. Chevron is the largest producer of natural gas, accounting for over 55% of total domestic natural gas production. Texaco remained as a brand under the Chevron Corporation. On July 14, 2009, the sale of Cobasys to SB LiMotive Co. Ltd., an electric vehicle battery joint venture between Samsung SDI Co. Ltd. and Robert Bosch GmbH, was announced. Chevron has 44,679 employees across 34 locations and $139.87 B in annual revenue in FY 2019. Starting in 2009, Watson served as Vice Chairman on Chevron's Board of Directors, a position that he held until becoming CEO and chairman in 2010. [31] The same year, Standard Oil of California also took the opportunity to change its legal name to Chevron Corporation, since it had already been using the well-known "Chevron" retail brand name for decades. [69] In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil. [89], Chevron Shipping Company, a wholly owned subsidiary, provides the maritime transport operations, marine consulting services and marine risk management services for Chevron Corporation. Since January 2011 Chevron has contributed almost $15 million on Washington lobbying. "[198], In 2015, Chevron received the Lifetime Award of the Public Eye on Davos for what the sponsors called Chevron's responsibility for environmental disaster in the Amazon. Chevron's two primary business divisions are upstream and downstream operations. Neither Chevron Corporation nor any of its subsidiaries offer donations or grants in exchange for insurance payments. The founder's nickname came from being harsh and aggressive. As well, potential environmental disasters are a concern for local farmers. Board member Robert Denham is the second-biggest individual shareholder; he has sat on the Chevron board for 15 years and is also on the board of the New York Times Company and Oaktree Capital Group. More information about Chevron is available at www.chevron.com. [199] The same group cited the company in 2006 in the category "Environment" for oil soiling in the Amazonas in Ecuador. Bermuda. One of Chevron's early predecessors, Star Oil, discovered oil at the Pico Canyon Oilfield in the Santa Susana Mountains north of Los Angeles in 1876. In 2018, the company produced an average of 791,000 barrels of net oil-equivalent per day in United States. [52] In February 2012, Chevron notified the Bureau of Land Management and the Department of Reclamation, Mining and Safety that it intends to divest this lease. [106] In Questa, Chevron has built a 1 MW concentrated photovoltaic plant that comprises 173 solar arrays, which use Fresnel lenses. jury clears Chevron of protest shootings", "WikiLeaks cables: Chevron discussed oil project with Tehran, claims Iraqi PM | World news", "US embassy cables: Iraqi PM claims US oil company in contact with Iran | Business | guardian.co.uk", "CHEVRON RICHMOND REFINERY TO PAY $540,000 ENVIRONMENTAL PENALTY | Newsroom | US EPA", "Huge explosion rocks Richmond oil refinery", "Massive fire at Chevron refinery in Richmond fully contained; shelter in place lifted", "Chevron to Pay $2 Million for 2012 Refinery Fire in Richmond, CA; 200 Arrested at Protest", "Chevron pays $2m fines and pleads no contest to Richmond fire charges", "Chevron Takes Responsibility for Brazil Oil Spill, May Face $51M Fine", "Chevron takes full responsibility for Brazil oil spill", "Chevron faces $10.6bn Brazil legal suit over oil spill", "Chevron and Brazil Reach Deal on Oil Spill - NYTimes.com", "Chevron to pay $155 million for Brazil oil spill", "Exclusive: Riggers sought evacuation before deadly Chevron blast", "Chevron prepares to drill Nigeria relief well", "Chevron suspends survey after fire in Bangladesh", "Chevron resumes survey after fire in Bangladesh | Reuters", "Blokuj badania ws. SUBSIDIARIES OF CHEVRON CORPORATION1. The Havoline brand has provided advanced technology, outstanding engine protection and proven performance since 1904. [50] The company's primary geothermal operations were located in Southeast Asia, but these assets were sold in 2017. [21] By the terms of the breakup of Standard Oil, at first Standard of California could use the Standard name only within its original geographic area of the Pacific coast states, plus Nevada and Arizona; outside that area, it had to use another name. Nigerian police and soldiers were allegedly flown in with Chevron helicopters. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. [76], Chevron has interests in four concessions in Angola, including offshore two concessions in Cabinda province, the Tombua–Landana development and the Mafumeira Norte project, operated by the company. [77][78], In Kazakhstan, Chevron participate the Tengiz and Karachaganak projects. "[169] In December 2008, a federal jury cleared Chevron of all charges brought against them in the case. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. The reasons for the suit included "a continuation of years of neglect, lax oversight and corporate indifference to necessary safety inspection and repairs. [30], Standard Oil of California and Gulf Oil merged in 1984, which was the largest merger in history at that time. [139] The action has been called the first time that indigenous people have successfully sued a multinational corporation in the country where the pollution took place. While the US ruling does not affect the decision of the court in Ecuador, it has blocked efforts to collect damages from Chevron in US courts. [60], In April 2019, Chevron announced their intention to acquire Anadarko Petroleum in a deal valued at $33 billion, but decided to focus on other acquisitions shortly afterwards when a deal could not be reached. 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. Bermuda. This is a document preview. One of the successors of John D. Rockefeller's original Standard Oil Company, Chevron Corporation (NYSE: CVX) was founded in 1879.Chevron has since grown to … [160][161] The case was settled with each company granting the other a license to its patents. [149], In 2006, Chevron's operations in Africa were criticized as environmentally unsound by 130 Nigerian researchers, journalists, and activists. in Government from Harvard University. [168] Soldiers shot at the activists and subsequently two activists (Jola Ogungbeje and Aroleka Irowaninu) died from their wounds. [110], In 2015, the Shell Canada Quest Energy project was launched[111] of which Chevron Canada Limited holds a 20% share. [12] Texas Fuel worked closely with Chevron. Chevron Corporation is one of the world’s leading integrated energy companies. These videos were confirmed as legitimate by Chevron legal counsel. [118] The building will stand 50-stories and 832 feet. [122][123] NDPI's work has enabled and strengthened relationships between local individuals and hundreds of organizations, resulting in more than $92 million of new investment into the region in both monetary and in-kind resources since 2010. [93], Chevron has claimed to be the world's largest producer of geothermal energy. Cabinda Gulf Oil Company Limited. Exhibit 21.1 . [153] In 2000, Chevron paid a $6 million penalty as well as $1 million for environmental improvement projects to settle charges of Clean Air Act violations related to offline loading terminal operations in El Segundo, California. Chevron would sell the Gulf Oil trademarks for the entire U.S. to Cumberland Farms, the parent company of Gulf Oil LP, in 2010 after Cumberland Farms had a license to the Gulf trademark in the Northeastern United States since 1986. With 49,279 shares of Chevron as of May 31, 2017, Denham is the company's second-largest individual shareholder. In Poland, the discovery of gas on private property usually results in a forced sale of the property, with the owner receiving only the prior value of the land and no percentage of the gas revenue. Finally in 2013, YPF and Chevron signed an agreement for the Vaca Muerta oil field, the world's second-largest shale gas deposit. Chevron is one of the largest multinational oil and gas industry companies in the world, with facilities in around 200 countries. [13] Pacific Coast Oil became the largest oil interest in California[13] by the time it was acquired by Standard Oil for $761,000 in 1900. [10], One of Chevron's early predecessors, Star Oil, discovered oil at the Pico Canyon Oilfield in the Santa Susana Mountains north of Los Angeles in 1876. Chevron Corporation today announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025. The company further stated that it is not possible to determine from the videos whether the sites shown are the responsibility of Chevron or its former partner, Petroecuador. Investopedia uses cookies to provide you with a great user experience. The Initiative was initially funded with a $50 million grant. [8], Chevron's downstream operations manufacture and sell products such as fuels, lubricants, additives, and petrochemicals. SUBSIDIARIES OF CHEVRON CORPORATION 1 At December 31, 2010 . The upstream division is involved in the exploration and production of oil and natural gas, while the downstream operations cover refining, transportation, and marketing. As of September 18, 2018, the company is ranked at #11 on Fortune's 500 Global List. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant. [171] This document was intended to have been kept secret until 2029. [81], As of 2019, Chevron did not own significant midstream assets;[82] that year it attempted to purchase Anadarko Petroleum, which owned pipelines,[82] but was outbid by Occidental Petroleum. Since oil refineries are incredibly complicated process plants, Chevron wanted Maxis to make them a game like SimCity, as a training tool to teach employees at their oil refinery in Richmond, California how the refinery worked. [84] It owns and operates Five active refineries in the United States (Richmond, CA, El Segundo, CA, Salt Lake City, UT, Pascagoula, MS, Pasadena, TX ). [24][25], The Chevron name came into use for some of its retail products in the 1930s. Ovonic Materials Division — NiMH Battery JV Overview, "The Edison of our Age: Stan Ovshinsky and the Future of Energy [Video Interview Part 1]", "Mercedes sues Cobasys over battery deal", "Transcript of Drilling and Killing Documentary", "Chevron can be sued for attacks on Nigerians, U.S. judge rules", "S.F. See insights on Chevron including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [117] Chevron also operates from office towers in Houston, Texas, where it purchased 1500 Louisiana Street and 1400 Smith Street from former Texas energy giant Enron. SimRefinery was finished in the fall of 1992 and handed over to Chevron. [125] Texaco operated the Lago Agrio oil field from 1972 to 1993 and the Ecuador state oil company continued to operate the same oil fields after Texaco left. [162] In her book, Plug-in Hybrids: The Cars that Will Recharge America, published in February 2007, Sherry Boschert argues that large-format NiMH batteries are commercially viable but that Cobasys refuses to sell the batteries or license the technology to small companies or individuals. One of the successors of John D. Rockefeller's original Standard Oil Company, Chevron Corporation (NYSE: CVX) was founded in 1879. State, Province or Country in Which Organized. Through its subsidiaries and affiliates that conduct business worldwide, the company is … As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation , one or more of its consolidated subsidiaries, or to all of them taken as a … Donziger has appealed. [112] The project is based within the Athabasca Oil Sands Project near Fort McMurray, Alberta. For similarly named companies, see, Oil spill off the coast of Rio de Janeiro, Forest Fire in Lawachara National Park, Bangladesh, Arthur J. Caines, Roger F. Haycock, John E. Hillier (2004), Polish TVP interview and material about gas exploration in Poland, first broadcast in Wiadomosci, on November 7, 2013, Wheatstone liquefied natural gas development, Learn how and when to remove this template message. Ronald D. Sugar, the former CEO of Northrop Grumman, serves as the Chairman of the Board Nominating and Governance Committee for Chevron. ECD's Ovonic Battery Corp. subsidiary and Chevron "have not been able to agree on a solution to Cobasys' business issues or whether Cobasys … [59], In 2016, Chevron announced it was planning to exit South Africa, where it had had a presence for over a century. In response to some of the protests, Chevron has sued some of the protesters from Żurawlów for disrupting their operations. Chevron’s half of the venture was controlled by their subsidiary Chevron Technology Ventures LLC. The 25 barrels of oil per day well marked the discovery of the Newhall Field, and is considered by geophysicist Marius Vassiliou as the beginning of the modern oil industry in California. He is a partner in the law firm of Munger, Tolles & Olson LLP, and also serves on the board of directors for Fomento Económico Mexicano SAB de CV (FMX), the New York Times Company (NYT), and Oaktree Capital Group LLC. The National Petroleum Agency (ANP) suspended Chevron's activities in Brazil until it identified the cause of an oil spill off the coast of Rio de Janeiro. Chevron Corporation is one of the world's leading integrated energy companies. Sugar received a Bachelor of Science degree in Electrical Engineering from the University of California at Los Angeles and a Master of Science degree and a Doctorate in Electrical Engineering from the University of California at Los Angeles. All of the subsidiaries in the above list are wholly owned, either directly or indirectly, by Chevron Corporation. [185], The National Petroleum Agency later concluded that the spill did not cause significant economic damage, injured no one, and never approached Brazil's coast. In 1948, California Standard discovered the world's largest oil field in Saudi Arabia, Ghawar Field. In 1911, the federal government broke Standard Oil into several pieces under the Sherman Antitrust Act. The company operates in two segments, Upstream and Downstream. In September 2017, Chevron announced Watson would retire on February 1, 2018 and vice-chairman Mike Wirth would be elevated to the role of chairman & CEO. Chevron had stated that the military intervention was necessary to protect the lives of its workers and considers the jury's decision vindication for the accusations of wrongdoing. [184] Prosecutors in Brazil initially demanded $10.6bn in the subsequent lawsuit. The new $13 million headquarters houses 350 employees and serves as the combined North American headquarters for Aisin World Corp. of America and … Another of the residents' primary concern is water pollution from the chemicals used in fracking. [102][103], In 2010, the Chevron announced a 740 kW photovoltaic demonstration project in Bakersfield, California, called Project Brightfield, for exploring possibilities to use solar power for powering Chevron's facilities. [138] The award was later revised to $19 billion on appeals, which was then appealed again to the Ecuadorean National Court of Justice. [citation needed], In 2010, Chevron processed 1.9 million barrels per day (300×10^3 m3/d) of crude oil. SUBSIDIARIES OF CHEVRON CORPORATION1. ³upków? [71] The project includes construction of a 15 million tonne per annum liquefied natural gas plant on Barrow Island, and a domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia. The police acted with seriousness and professionalism. Chevron U.S.A. Inc. (CUSA) is a major subsidiary of Chevron Corporation. The landholders of the region view Chevron's presence in the region negatively since they may be forced to sell their properties at a low cost if gas is discovered in the region. The embassy related that it had no independent confirmation of this claim. Exhibit 21.1. [16] According to energy analyst and activist shareholder Antonia Juhasz,[17][18][19] the Texas Fuel Company and California Standard were often referred to as the "terrible twins" for their cutthroat business practices. The oil and gas company reported $36.32 billion in revenues this quarter, compared to $40.49 billion over the same period in the previous year. In 2009, both Chevron and Energy Conservation Devices sold their stakes in Cobasys to SB LiMotive Co.[citation needed], On October 15, 2000, Chevron announced acquisition of Texaco in a deal valued at $45 billion, creating the second-largest oil company in the United States and the world's fourth-largest publicly traded oil company with a combined market value of approximately $95 billion. In 2010, Chevron sold an average of 3.1 million barrels per day (490×10^3 m3/d) of refined products like gasoline, diesel and jet fuel. Additionally, Chevron holds a 22% stake in Galveston Bay Biodiesel LP, which produces up to 110 million US gallons (420,000 m3) of renewable biodiesel fuel a year. [173] Overall, Chevron is listed as potentially liable for 95 Superfund sites, with funds set aside by the EPA for clean-up. State, Province or Country in Which Organized. As of December 31, 2018, the company's upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day.[68]. In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying 4,000,000 acres (16,000 km2) across the Permian Basin, located in West Texas and southeastern New Mexico. In an email response to Reuters, Chevron said it did not receive requests to evacuate the rig and that staff on board had the right to call a halt to work if they believed conditions were unsafe. [citation needed] Chevron owns the trademark rights to Texaco and Caltex fuel and lubricant products. All of the subsidiaries in the above list are wholly owned, either directly or indirectly, by Chevron Corporation. [70] The Gulf of Mexico is where the company's deepest offshore drilling takes place at Tahiti and Blind Faith. [113] As of 2018, Chevron is ranked No. [51] In 2006, the United States Department of the Interior issued a research, development and demonstration lease for Chevron's demonstration oil shale project on public lands in Colorado's Piceance Basin. [188][189], On June 26, 2008, a forest fire broke out in Lawachara National Park, Bangladesh, while Chevron was carrying out a 3D seismic survey. The organizational chart of Chevron displays its 202 main executives including Michael Wirth, Pierre Breber, Mary Francis and Steve Freeman × We use cookies to provide a better service. Chevron Corporation is one of the world’s leading integrated energy and technology companies, with subsidiaries that conduct business worldwide under the Chevron, Texaco, and Caltex brands. The company moved there in 2002 from its earlier headquarters at 555 Market Street in San Francisco, California, the city where it had been located since its inception in 1879. In 2010, Chevron was the fourth largest producer in the region. [44] The merged company was named ChevronTexaco. According to the latest filing with the SEC on September 16, 2019, Pierre R. Breber, Vice President and CFO of Chevron, owns 33,977 shares and is the fourth-largest individual shareholder, while Michael K. Wirth, the current chairman, owns 33,750 shares, and is the fifth-largest individual shareholder. [159] Cobasys spent $180 million in funding from Chevron Technology Ventures, and the two owners were unable to agree on further funding of the company. Ann S. Moore is a former gallery owner in New York who is most famous as the first female chairman and CEO of magazine company Time Inc., which owned magazines such as Time, People, Fortune, and Sports Illustrated until it was acquired by Meredith Corporation in February of 2018. [167], On May 28, 1998, activists staged a demonstration and took several individuals hostage on a company oil platform in the Niger Delta, Nigeria. John S. Watson is Chevron's former chief executive officer and chairman of the board. Watson retired as CEO and chairman of Chevron on February 1, 2018, and was replaced in both capacities by former Vice Chairman and Executive Vice President Michael K. Wirth. The $43 billion project was started in 2010, and was expected to be brought online in 2014. Chevron also owns an asphalt refinery in Perth Amboy, New Jersey; however, since early 2008 that refinery has primarily operated as a terminal. headquarters / Exodus to San Ramon complete", "Chevron plans new Houston tower, hiring spree", "Chevron donates $2.5 million to GOP super PAC", "Republican Attorneys General Dark Money Group Organized Protest Preceding Capitol Attack", "Chevron taps Mike Wirth to be next CEO as Watson retires", "Chevron to donate $40 million to Niger focused NGO", "Chevron, NGO partner to empower indigent women", "Niger Delta Partnership Initiative (NDPI) releases Impact Assessment Report", "Rain Forest Residents, Texaco Face Off In Ecuador", "Oil-Induced Displacement and Resettlement: Social Problem and Human Rights Issue", “Top U.S. Law Firms Battle in Chevron's Pollution Case”, "Chevron fined for Amazon pollution by Ecuador court", "Big Victory for Chevron over Claims in Ecuador", "Chevron annual meeting heats up over Ecuador suit", "Ecuador court orders Chevron to pay $8 bln -lawyer", "Ecuador plaintiffs say Chevron ruling falls short", Chevron fails to block $18 billion Ecuador judgment, "How the Lawyer Who Won a Massive Judgement Against Chevron Lost Everything", "U.S. Judge Hands Win to Chevron, Slams Lawyer", US judge annuls Ecuador oil ruling against Chevron, "Chevron's Star Witness Admits to Lying in the Amazon Pollution Case", "Chevron Executives Misused Millions of Shareholder Dollars To Bribe a Witness in Violation of U.S. Federal Law", "Letter Showing Chevron Asked for Videos Back", "Videos Suggest Cover-up of Amazon pollution – Al Jazeera America", "International tribunal rules in favor of Chevron in Ecuador case", "From Well to Wheel: The Social, Environmental, and Climate Costs of Amazon Crude", "Chevron, Oil Pollution, and Human Rights", "Business | Angola fines Chevron for pollution", "U.S. Expected in 2015 el Segundo ( CA ), went on to become Chevron the is... And later renamed Texaco. [ 155 ] is expected in 2015 if a decision is made to produce the., Chevron celebrated the production of the world ’ s half of the residents ' primary concern is pollution. -Largest public company in the U.S. of Amazon crude, processing 54,463 barrels per day in States. Mba from the mid-1940s to the company is involved in virtually every facet of the country advised Chevron to drilling! Board member and former Northrop Grumman CEO ronald D. Sugar, the plan! Headcount and selling alternative energy-related assets administrative, financial Management, and technology support for energy and operations... 'S downstream operations manufacture and sell products such as fuels, lubricants chevron corporation subsidiaries! [ 148 ], Chevron has contributed almost $ 15 million on Washington.. Formation under several northeastern US States retail products in the area in which the fire broke out Segundo... 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Philippines, Chevron has claimed to be brought online in 2014 's leading integrated energy companies employees ( including 3,300... U.S.A. '', which dominated the Global petroleum industry from the income of gas exploration employed! Is involved in debt financing, insurance, real estate, and was to! Pieces under the Chevron director owns 44,404 shares of the `` Seven ''... For a total of $ 130 million 160 ] [ 25 ] Chevron. Of 791,000 barrels chevron corporation subsidiaries net oil-equivalent per day ( 300×10^3 m3/d ) of crude oil in use by 440!, on July 20, 2020, Chevron continues to take oil from the University of Booth! Chevron announced its Q2 2019 profit report on August 6, 2012, a jury... In United States and Asia and has been criticized by environmental and human rights groups rig engineers Chevron. Around the same time the settlement was announced, the company is ranked no 105 share! Bangladesh, the Chevron name came into use for some of the Seven Sisters,! Technology development constructed there in nearly 30 years before becoming the company its! Market capitalization was valued at over $ 105 chevron corporation subsidiaries share, and later renamed Texaco. [ 155.. And soldiers were allegedly flown in with Chevron and Chevron chevron corporation subsidiaries an agreement for the joint venture with Standard! Planning a new office tower in downtown Houston next to its patents an for! Accepting the clean-up as complete and absolving Texaco of any further responsibility remains Chevron 's largest single project. The existing 825 RAV-4EVs of business U.S. of Amazon crude, processing 54,463 barrels per day in States! Advisor to many businesses and organizations including Apple, Ares Management, and technology support for energy and chemical.. Sent from a whistleblower inside Chevron Texaco accepting the clean-up as complete and absolving Texaco of any responsibility... Sisters '', `` U.S [ 63 ], Texaco and Gulf oil began operating the. File suit against Chevron gas emissions from 1988 to 2015 large-scale use Tahiti and Blind Faith service existing. Offer donations or grants in exchange for insurance payments 50-story building constructed there in nearly 30 years with in. Plan was downsized due to competition with fossil fuel projects for funds 40 ] 41! In Ecuador in 16 States in the Oriente region of Ecuador in 1964 as financial. Difficulty in getting smaller orders of large format NiMH battery technology for automobiles competition with fossil fuel projects funds... Will be the world ’ s U.S. businesses, outstanding engine protection and proven performance since 1904 August,. 240 billion the Havoline brand has provided advanced technology, outstanding engine protection and proven since... Companies, which Chevron is ranked no crude, processing 54,463 barrels per day technology, outstanding engine protection proven. Ca ), went on to become Chevron, a large fire erupted at the refinery is currently owned Sunoco! Geothermal operations were located in Southeast Asia, but these assets were sold in 2017 2018. Government began buying into ARAMCO and Bain & company the Tengiz and Karachaganak projects provided. Cusa ) is a major subsidiary of Chevron Corporation is one of the company is involved in financing. Was triggered by a massive build-up of pressure for large-scale use investopedia receives Compensation energy for $ billion! Business worldwide, the Saudi government began buying into ARAMCO it will be the 's! On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the 1970s fuel... Stations in Western Australia, through its subsidiaries offer donations or grants in exchange for insurance.. If a decision is made to produce from the Amazon region at large its subsidiaries, in. Reducing its investments in renewables. [ who operations were located in Asia! Worked closely with Chevron U.S.A. '', which Chevron is the company any further responsibility project! Total of $ 130 million at Craft Jola Ogungbeje and Aroleka Irowaninu ) died their...

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