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Chevron (CVX) Company Profile

Updated Jul 3, 2019
Chevron has the following business profile:
Company's Full Name:Chevron Corp.
Short Name:Chevron
Trading Ticker Symbol:CVX
Primary Exchange:NYSE
Headquarter City/Country:San Ramon, California
Primary Industry Sector:Energy
Seconday Sub-sector:Integrated oil Companies
Main Business Areas: Dogs of the Dow, Energy, Integrated oil Companies, Oil & Gas Integrated, Natural Resources
Dividend Payments:Dividend History

Market and Trading Information for Chevron

The following details were available for trading and market data about the stock of Chevron as of writing:
Current Share Price:$123.35
Previous Year's Closing Price:$108.79
Percentage Price Change (YTD):13.38%
Market Cap:$234.97 billion
52-week Price Range:$100.22 - $128.55
Dividend Per Share:$4.55
EPS (TTM):7.23
Price-Earnings (Trailing):17.05
Price-Earnings (Forward):14.55

Company Profile and Business Description for Chevron

Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

Upstream

The Company sells crude oil and natural gas from its producing operations under various contractual obligations. The Upstream activities in the United States are primarily located in the midcontinent region, the Gulf of Mexico, California and the Appalachian Basin. In California, the Company has production in the San Joaquin Valley. Chevron is also engaged in various exploration, development and production activities in the deepwater Gulf of Mexico. The Company has interests in deepwater Jack and St. Malo fields. The Company has interest in the production host facility, which is designed to accommodate production from the Jack/St. Malo development and third-party tiebacks. Chevron is the operator of an exploration and appraisal program and potential development named Tigris, covering a range of jointly held offshore leases in the northwest portion of Keathley Canyon. The Company's activities in the midcontinent region are primarily in Colorado, New Mexico, Oklahoma and Texas. As of December 31, 2016, the Company had approximately 500,000 and 1,000,000 net acres of shale and tight resources in the Midland and Delaware basins, respectively in the Permian Basin of West Texas and southeast New Mexico. As of December 31, 2016, the Company had approximately 472,000 net acres in the Marcellus Shale and 309,000 net acres in the Utica Shale, primarily located in southwestern Pennsylvania, eastern Ohio and the West Virginia panhandle.

The Company's Other Americas includes Argentina, Brazil, Canada, Colombia, Greenland, Mexico, Suriname, Trinidad and Tobago and Venezuela. The Upstream activities in Canada are concentrated in Alberta, British Columbia and the offshore Atlantic region. The Company also has exploration interests in the Beaufort Sea region of the Northwest Territories. The Company holds interest in the Hibernia Field, which consists of the Hibernia and Ben Nevis Avalon (BNA) reservoirs, and in the unitized Hibernia Southern Extension (HSE) areas offshore Atlantic Canada. As of December 31, 2016, the Company has working interest in two exploration blocks in the Flemish Pass Basin offshore Newfoundland. As of December 31, 2016, the Company had approximately 228,000 net acres in the Duvernay Shale in Alberta and approximately 200,000 overlying acres in the Montney tight rock formation. It holds interest in the proposed Kitimat LNG and Pacific Trail Pipeline projects. As of December 31, 2016, the Company had interest in 300,000 net acres in the Horn River and Liard shale gas basins in British Columbia. The Company has interest in Aitken Creek and in the Alberta Hub natural gas storage facilities.

In Greenland, the Company holds interest in Blocks 9 and 14 located in the Kanumas Area, offshore the northeast coast of Greenland. It holds interest in an exploration license for Block 3 in the deepwater Perdido area of the Gulf of Mexico. As of December 31, 2016, the Company had interest in two concessions covering approximately 73,000 net acres in the Vaca Muerta Shale formation in Argentina. In Brazil, Chevron holds interests in the Frade and Papa-Terra deepwater fields located in the Campos Basin. Additionally, Chevron holds an interest in Block CE-M715, located in the Ceara Basin offshore Brazil. It operates the offshore Chuchupa and the onshore Ballena natural gas fields. It holds interest in deepwater Blocks 42 and 45 offshore Suriname. As of December 31, 2016, the Company had interest in three blocks in the East Coast Marine Area offshore Trinidad, which includes the Dolphin, Dolphin Deep and Starfish natural gas fields. Chevron's production activities in Venezuela are performed by two affiliates in western Venezuela and an affiliate in the Orinoco Belt.

In Africa, Chevron is engaged in upstream activities Congo, Liberia, Morocco, Nigeria and Republic of Congo. In Angola, the Company operates and holds interest in Block 0, a concession adjacent to the Cabinda coastline, and has interest in a production-sharing contract (PSC) for deepwater Block 14. The Company also holds an interest in the Congo River Canyon Crossing Pipeline project. Chevron operates and holds an interest in the Lianzi Unitization Zone, located in an area shared equally by Angola and Republic of Congo. It has interest in an offshore concession in Democratic Republic of the Congo. It holds interest in the offshore Haute Mer permit areas (Nkossa, Nsoko and Moho-Bilondo) in Republic of Congo. It holds interest in Block LB-14 off the coast of Liberia. As of December 31, 2016, the Company had three operated deepwater areas offshore Morocco. As of December 31, 2016, the Company had interest in eight operated concessions in the onshore and near-offshore regions of the Niger Delta. Chevron operates and holds an interest in the Agbami Field, located in deepwater Oil Mining Lease (OML) 127 and OML 128.

In Asia, the Company is engaged in upstream activities in Azerbaijan, Bangladesh, China, Indonesia, Kazakhstan, the Kurdistan Region of Iraq, Myanmar, the Partitioned Zone located between Saudi Arabia and Kuwait, the Philippines, Russia and Thailand. In Azerbaijan, Chevron holds interest in the Azerbaijan International Operating Company (AIOC) and the crude oil production from the Azeri-Chirag-Gunashli (ACG) fields. Chevron also has interest in the Baku-Tbilisi-Ceyhan (BTC) Pipeline affiliate, which transports the majority of ACG production from Baku, Azerbaijan, through Georgia to Mediterranean deepwater port facilities at Ceyhan, Turkey. In Kazakhstan, the Company has interest in the Tengizchevroil (TCO) affiliate and a non-operated working interest in the Karachaganak Field. In Bangladesh, the Company operates and holds interest in Block 12 (Bibiyana Field) and Blocks 13 and 14 (Jalalabad and Moulavi Bazar fields). In China, Chevron has operated and non-operated working interests in various areas in China. In China, the Company operates and holds interest in the Chuandongbei Project, located onshore in the Sichuan Basin. The Company also has non-operated working interests in the QHD 32-6 Field, in Block 11/19 in the Bohai Bay, and in Block 16/19 in the Pearl River Mouth Basin. In Indonesia, Chevron holds working interests through various PSCs in Indonesia. It holds contractor interests in the Sarta and Qara Dagh PSCs.

In Australia/Oceania, the Company is engaged in upstream activities in Australia and New Zealand. In Australia, Chevron's upstream activities are concentrated in offshore Western Australia. As of December 31, 2016, the Company operated two LNG projects, Gorgon and Wheatstone, and has a non-operated working interest in the North West Shelf (NWS) Venture and exploration acreage in the Browse Basin and the Carnarvon Basin. The Company also holds exploration acreage in the Bight Basin offshore South Australia. Chevron holds interest in the Gorgon Project, which includes the development of the Gorgon and Jansz-Io fields. The Company also operates Wheatstone Project, which includes the development of the Wheatstone and Iago fields. Chevron has a non-operated working interest in the NWS Venture in Western Australia. As of December 31, 2016, the Company had interest in three blocks in the Browse Basin. As of December 31, 2016, the Company had interest and operated three deepwater exploration permits in the offshore Pegasus and East Coast basins. In Europe, the Company is engaged in upstream activities in Denmark, Norway and the United Kingdom. As of December 31, 2016, it had interest in the Danish Underground Consortium (DUC), which produces crude oil and natural gas from 13 North Sea fields. It holds interest in Alder Project, Clair Ridge Project and Rosebank Project in the United Kingdom. It has interest in exploration Block PL 859, located in the Barents Sea.

Downstream

The Company markets petroleum products under the principal brands of Chevron, Texaco and Caltex throughout various parts of the world. In the United States, the Company markets its products under the Chevron and Texaco brands. As of December 31, 2016, the Company supplied directly or through retailers and marketers approximately 7,800 Chevron- and Texaco-branded motor vehicle service stations, primarily in the southern and western states. As of December 31, 2016, approximately 325 of these outlets were Company-owned or -leased stations. As of December 31, 2016, Chevron supplied directly or through retailers and marketers approximately 6,000 branded service stations, including affiliates outside the United States. In British Columbia, Canada, the Company markets under the Chevron brand. The Company markets in Latin America using the Texaco brand. In the Asia-Pacific region, southern Africa and the Middle East, the Company uses the Caltex brand. The Company also operates through affiliates under various brand names. The Company also markets a line of lubricant and coolant products under the product names Havoline, Delo, Ursa, Meropa, Rando, Clarity and Taro in the United States, and around the wolrd under the three brands: Chevron, Texaco and Caltex.

Chevron Oronite Company develops, manufactures and markets performance additives for lubricating oils and fuels and conducts research and development for additive component and blended packages. Chevron owns interest in its Chevron Phillips Chemical Company LLC (CPChem) affiliate. PChem produces olefins, polyolefins and alpha olefins and is a supplier of aromatics and polyethylene pipe, in addition to participating in the specialty chemical and specialty plastics markets. Chevron also has operations in the petrochemical business through GS Caltex, an affiliate of the Company. GS Caltex manufactures aromatics, including benzene, toluene and xylene. These base chemicals are used to produce a range of products, including adhesives, plastics and textile fibers. GS Caltex also produces polypropylene, which is used to make automotive and home appliance parts, food packaging, laboratory equipment and textiles.

Chevron owns and operates a network of crude oil, natural gas and product pipelines and other infrastructure assets in the United States. The Company's marine fleet includes both the United States- and foreign-flagged vessels. The United States -flagged vessels are engaged primarily in transporting refined products in the coastal waters of the United States. The foreign-flagged vessels transport crude oil, LNG, refined products and feedstocks in support of the Company's global Upstream and Downstream businesses. The Company's other business include Research and Technology, and Environmental Protection. The Company's energy technology organization supports upstream and downstream businesses. The Company designs, operates and maintains its facilities to avoid potential spills or leaks and to minimize the impact of those that may occur.

6001 Bollinger Canyon Rd

Peer / Competitor Companies of Integrated oil Companies Sector

Along with Chevron Corp., the following other peer (competitor) companies also exist within the same Integrated oil Companies - Energy sector whose company profile and dividend history is as follows:

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▶ BP PLC (BP): BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field de....See Detailed Company Profile  and Dividend History.

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▶ Calumet Specialty Products (CLMT): Calumet Specialty Products Partners, L.P., incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products ....See Detailed Company Profile  and Dividend History.

▶ China Petroleum and Chemical (SNP): China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five s....See Detailed Company Profile  and Dividend History.

▶ ConocoPhillips (COP): ConocoPhillips, incorporated on November 16, 2001, is an independent exploration and production (E&P) company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas ....See Detailed Company Profile  and Dividend History.

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▶ Delek US (DK): Delek US Holdings, Inc., incorporated on April 10, 2001, is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and ....See Detailed Company Profile  and Dividend History.

▶ Exxon Mobil (XOM): Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada Other Americas, Europe, Africa, Asia, and Australia Oceania. It operates through Upst....See Detailed Company Profile  and Dividend History.

▶ Gazprom Neft (GZPFY): Gazprom Neft' PAO is a vertically integrated oil company operating in the Russian Federation, Commonwealth of Independent States (CIS) and internationally. The Company's principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and marketing operations through its retail outlets. The Company manages its operations in two segments: Upstream and Downstream. ....See Detailed Company Profile  and Dividend History.

▶ Hess Corp. (HES): Hess Corporation, incorporated on February 7, 1920, is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas ....See Detailed Company Profile  and Dividend History.

▶ HollyFrontier (HFC): HollyFrontier Corporation, incorporated on January 25, 1947, is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty ....See Detailed Company Profile  and Dividend History.

▶ Imperial Oil (IMO): Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explor....See Detailed Company Profile  and Dividend History.

▶ Marathon Petroleum (MPC): Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The ....See Detailed Company Profile  and Dividend History.

▶ PBF Energy (PBF): PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical ....See Detailed Company Profile  and Dividend History.

▶ Phillips 66 (PSX): Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, ....See Detailed Company Profile  and Dividend History.

▶ Statoil ASA (STO): Statoil ASA (Statoil), incorporated on March 12, 1995, is an energy company. The Company is engaged in oil and gas exploration and production activities. The Companys segments include Development and ....See Detailed Company Profile  and Dividend History.

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