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Our company has a long, robust history, which began when a group of explorers and merchants established the Pacific Coast Oil Co. on Sept. 10, 1879. Since then, our company's name has changed more than once, but we've always retained our founders' spirit, grit, innovation and perseverance.
Over the years, we joined with other companies, each with their own history, strengths and character. We've grown from a San Francisco-based company with a five-state market in the Western United States to a major corporation whose subsidiaries conduct business worldwide. Throughout, we've retained our fundamental purpose: to provide the energy people need to fuel human progress.
Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.
We trace our beginnings to an 1879 oil discovery at Pico Canyon, north of Los Angeles, which led to the formation of the Pacific Coast Oil Co. That company later became Standard Oil Co. of California and, subsequently, Chevron. We took on the name Chevron when we acquired Gulf Oil Corporation in 1984, nearly doubling our worldwide proved crude oil and natural gas reserves. Our merger with Gulf was then the largest in U.S. history.
Another major branch of the family tree is The Texas Fuel Company, formed in Beaumont, Texas, in 1901. It later became known as The Texas Company and, eventually, Texaco. In 2001, our two companies merged. The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as an energy industry leader, increasing our crude oil and natural gas assets around the world.
Our diverse and highly skilled global workforce consists of approximately 57,000 employees and about 3,800 service station employees.
In 2011, Chevron's average net production was 2.673 million barrels of oil-equivalent per day. About 75 percent of that production occurred outside the United States. Chevron had a global refining capacity of 1.96 million barrels of oil per day at the end of 2011.
Our marketing network supports retail outlets on six continents. And we have invested in 13 power-generating facilities in the United States and Asia.
Technology and Emerging Energy
Technology is propelling our growth. We're focusing on technologies that improve our chances of finding, developing and producing crude oil and natural gas.
We also are investing in the development of emerging energy technologies, such as finding better ways to make nonfood-based biofuels, integrating advanced solar technology into our operations and expanding our renewable energy resources.
Environment and Safety
As a company and as individuals, we take great pride in contributing to the communities where we live and work.
We also care about the environment and are proud of the many ways in which our employees work to safeguard it.
Our persistent efforts to improve on our safe work environment continue to pay off. In 2011, Chevron achieved significant levels of safety as measured in days-away-from-work ratings in both Upstream and Downstream operations.
We recognize that the world needs all the energy we can develop, in every potential form. That's why our employees work daily to find newer, cleaner ways to power the world.
Updated: April 2012
2 Chevron Drive, Lekki Peninsula Private Mail Bag 12825 Lagos, Nigeria