# Chevron

> Chevron is a publicly traded integrated energy company that explores for and produces oil and natural gas, manufactures and markets fuels, lubricants and chemicals, and develops renewable fuels, hydrogen, power and carbon management businesses. Its global operations connect resource development with industrial and consumer energy demand.

- **Founded:** 1879
- **Headquarters:** Houston, United States
- **Founders:** Charles N. Felton (Co-founder of predecessor Pacific Coast Oil Company), Lloyd Tevis (Co-founder of predecessor Pacific Coast Oil Company), George Loomis (Co-founder of predecessor Pacific Coast Oil Company)
- **Products:** Oil and natural gas, LNG, Transportation fuels and lubricants, Chevron Oronite, Chevron Phillips Chemical
- **Notable:** Started Anchor production in August 2024 using subsea equipment rated to 20,000 psi., Completed the Hess acquisition on July 18, 2025., Tengiz Future Growth Project began producing oil in January 2025.

## Products & services

- **Oil and natural gas** — Exploration, development and production from onshore and offshore assets, including the Permian Basin, Kazakhstan and Guyana.
- **LNG** — Liquefied natural gas supply, including the Gorgon and Wheatstone projects in Australia.
- **Transportation fuels and lubricants** — Gasoline, diesel, jet fuel and lubricants marketed through consumer and commercial channels.
- **Chevron Oronite** — Lubricant and fuel additives for transportation and industrial equipment.
- **Chevron Phillips Chemical** — Petrochemicals and polymers through a 50-50 venture with Phillips 66.
- **Chevron Renewable Energy Group** — Biodiesel and renewable diesel business expanded through the Renewable Energy Group acquisition.
- **New Energies** — Businesses focused on hydrogen, power, carbon capture, offsets and biofuels; project maturity varies.

## Achievements

- Started Anchor production in August 2024 using subsea equipment rated to 20,000 psi.
- Completed the Hess acquisition on July 18, 2025.
- Tengiz Future Growth Project began producing oil in January 2025.
- Reported $1.5 billion of annual run-rate Hess synergies by July 2026, ahead of schedule.

## Latest updates

- **2026-10** — October 6: announced plans to divest ownership interests in Hess Midstream and DJ Basin crude midstream assets in exchange for extended and improved Bakken midstream commercial terms; announcement, not a claim of closing.
- **2026-10** — October 5: announced leadership changes effective January 1, 2027; Eimear Bonner to lead Oil, Products & Gas, Jeff Gustavson to become CFO, and Brent Gros to lead New Energies.
- **2026-07** — July 31: reported second-quarter earnings of $12.1 billion and a 20-year, 2.67 GW Microsoft power agreement.
- **2026-07** — Reported $1.5 billion in annual run-rate Hess synergies, 50% above the initial target and ahead of schedule.

## Links

- Website: https://www.chevron.com
- LinkedIn: https://www.linkedin.com/company/chevron
- Twitter/X: https://x.com/Chevron
- YouTube: https://www.youtube.com/user/Chevron
- Instagram: https://www.instagram.com/chevron/
- Facebook: https://www.facebook.com/Chevron
- TikTok: https://www.tiktok.com/@chevron

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Profile page: https://yespress.io/chevron
Published by YesPress — https://yespress.io
Last updated: 2026-10-22