Chevron corporation Third place in fortune 500 company

The company history  Chevron company has a long, robust history, which began when a group of explorers and merchants established the Pacific Coast Oil Co. on Sept. 10, Since then, the company's name has changed more than once, but they have always retained founders' spirit, grit, innovation and perseverance.  Over the years, they joined with other companies, each with their own history, strengths and character. They'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, they've retained our fundamental purpose: to provide the energy people need to fuel human progress!

Business At Chevron, the businesses work in concert to provide the energy that drives human progress. Explore Chevron’s companies to learn how they use global resources, determination and ingenuity to meet today’s complex energy challenges.

Company roots  They trace their 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. They took on the name Chevron when they acquired Gulf Oil Corporation in 1984, nearly doubling their worldwide proved crude oil and natural gas reserves. Their 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 It later became known as The Texas Company and, eventually, Texaco. In 2001, their two companies merged. The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as an energy industry leader, increasing their crude oil and natural gas assets around the world.

Global Scope  Their 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 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  Their marketing network supports retail outlets on six continents. And they have invested in 13 power- generating facilities in the United States and Asia.

Technology and Emerging Energy  Technology is propelling their growth. They 're focusing on technologies that improve their chances of finding, developing and producing crude oil and natural gas.  They 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 their operations and expanding their renewable energy resources.

Environment and Safety  As a company and as individuals, they take great pride in contributing to the communities where they live and work.  They also care about the environment and are proud of the many ways in which their employees work to safeguard it.  Their persistent efforts to improve on o 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.

CEO of Chevron company

Their work  They recognize that the world needs all the energy we can develop, in every potential form. That's why employees of Chevron work daily to find newer, cleaner ways to power the world.