Chevron Corporation - Overview

Overview

Chevron employs approximately 62,000 people worldwide (of which approximately 30,000 are employed in U.S. operations). As of December 31, 2010, Chevron had 10.545 billion barrels (1.6765×109 m3) of oil-equivalent net proved reserves. Daily production in 2010 was 2.763 million net oil-equivalent barrels per day. The company has a worldwide marketing network in 84 countries with approximately 19,550 retail sites, including those of affiliate companies. The company also has interests in 13 power generating assets in the United States and Asia. Chevron also has gas stations in Western Canada and operates the Burnaby Refinery.

Chevron was headquartered in San Francisco for nearly a century before it relocated across the bay to San Ramon, California. The headquarters at 555 and 575 Market Street, built in the mid-1960s in San Francisco, were sold in December 1999. Its original headquarters were at 225 Bush St., built in 1912. Now, their headquarters are at 6001 Bollinger Canyon Road, San Ramon, California.

Chevron is the owner of the Standard Oil trademark in 16 states in the western and southeastern U.S. To maintain ownership of the mark, the company owns and operates one Standard-branded Chevron station in each state of the area. Additionally, Chevron owns the trademark rights to Texaco and CalTex fuel and lubricant products.

Several automakers, including General Motors and Toyota, use gasoline often from Chevron when they test vehicles. Ford uses Chevron gas also in North America, despite its strategic alliance with BP. Chevron also has often had one of the highest brand loyalty for gasoline in America, with only Shell and BP (through Amoco) having equally high loyalty.

Chevron Shipping Company is a wholly-owned subsidiary company, providing the maritime transport operations, marine consulting services and marine risk management services for Chevron Corporation. The CSC-operated fleet comprises crude oil and product tankers, crude lightering ships and liquefied natural gas (LNG) carriers. The fleet is comprised of two sections: The U.S. fleet consists of four product tankers, which transport oil product between Chevron refineries and oil products from Chevron refineries to U.S. supply terminals. The ships are manned by U.S. citizens and are flagged in the United States. The International fleet vessels are primarily flagged in the Bahamas and have officers and crews from many different nations. The largest ships are 320,000 tonne Very Large Crude Carriers VLCCs, which carry 2 million barrels (320,000 m3) of crude oil. The job of the international fleet is to transport crude oil from the oilfields to the refineries. The international fleet mans one LNG tanker.

Chevron ships historically had names beginning with "Chevron", such as the Chevron Washington and Chevron South America, or were named after former or serving directors of the company. Samuel Ginn, William E. Crain, Kenneth Derr, Richard Matzke and most notably Condoleezza Rice were among those honored, but the ship named after Rice was subsequently renamed as Altair Voyager. All the ships were renamed in 2001 following the corporate merger with Texaco. Ships in the international fleet are all named after celestial bodies or constellations, such as Orion Voyager and Altair Voyager and Capricorn Voyager. The U.S.-flagged ships are named after the states in the country, as in Washington Voyager and Colorado Voyager, Mississippi Voyager, Oregon Voyager and the California Voyager.

Chevron is a signatory participant of the Voluntary Principles on Security and Human Rights.

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