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Chevron Corp  (NYSE: CVX)
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Chevron Corp

Business Description


Chevron Corporation is a global leader in integrated energy operations, engaged in a wide array of business activities, primarily in the petroleum and chemical sectors. The company manages investments in subsidiaries and affiliates, providing administrative, financial, and management support for operations in the United States and over 180 other countries.

Core Business Segments:

1. Exploration and Production (Upstream):
- Chevron engages in the exploration, development, and production of crude oil and natural gas. Key areas for exploration and production include the Gulf of Mexico, California, Louisiana, Texas, New Mexico, and regions in the Rocky Mountains. The company operates on a global scale, with significant activities in countries across North America, South America, Europe, Africa, the Middle East, and Asia-Pacific.

2. Refining, Marketing, and Transportation (Downstream):
- The company refines crude oil into finished petroleum products and markets these products. Transportation of crude oil, natural gas, and petroleum products is conducted through various means, including pipelines, marine vessels, motor equipment, and railcars.

3. Chemicals Operations:
- Through its 50-percent-owned affiliate, Chevron Phillips Chemical Company LLC (CPChem), Chevron manufactures and markets commodity petrochemicals for industrial applications. CPChem has facilities in the United States and international locations, including Singapore, China, and Qatar. Additionally, Chevrons wholly owned subsidiary, Oronite, specializes in producing fuel and lubricating oil additives, with operations in multiple countries such as Mexico, France, and Brazil.

4. Power and Energy Services:
- Chevron has invested in various energy-related services and power generation capabilities, including an equity interest in Dynegy Inc. which is involved in power generation and natural gas liquids processing.

Strategic Focus:
Chevron continuously seeks to improve its competitive performance and increase operational efficiency. This includes divesting from non-strategic properties, particularly those that do not align with its core objectives or growth strategy.

In summary, Chevron?s business operations encompass a diverse range of activities within the energy sector, focusing on upstream and downstream petroleum operations, chemical production, and energy services on a global scale.



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