One of the popular and successful oil companies, Chevron is an American multinational energy corporation. Standard Oil is one of its successor companies and now has its head quarter in San, Ramon, California.
Chevron is operating in more than hundred and eighty countries and dabbles in every aspect of the oil like, gas and geothermal energy industries and also includes production, transport,refining, marketing, chemicals manufacturing and many more. It is counted among one of the largest oil companies in the world.
If we see the list of US closely held and public corporations which are in top, put together by Fortune 500 released in 2014, Chevron is placed at number three which is truly commendable. It also deals in many downstream activities like manufacturing and selling products for daily use like lubricants, petrochemicals and additives. In 2010, the company sold 3.1 million barrels per day of refined products like gasoline, diesel and jet fuel and this is just an average figure.
The list doesn’t end here, it also has its fingers in alternative energy operations which includes geothermal, solar, wind, bio fuel, fuel cells and hydrogen. It is reported that in 2011-2013, Chevron planned to spend at least two billion dollars only on research and acquisition of renewable power ventures. It has claimed that it wants to be the world’s largest geothermal energy producer which doesn’t seem to be very distant considering the company’s policies and progress.
In October 11, it put forward the first step to fulfill this dream by launching a 29-MW thermal solar-to-steam facility in the Coalinga field to produce the steam for enhanced oil recovery. The project is the largest in the world.