Chevron Corporation (ticker symbol: CVX) is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. Headquartered in San Ramon, California, Chevron is a multinational corporation that is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing, and transport; chemicals manufacturing and sales; and power generation.
Chevron was originally known as Standard Oil Co. of California, or SoCal, and became Chevron Corporation after its merger with Gulf Oil in 1984. It was one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. Today, Chevron is one of the world's largest oil companies and consistently ranks in the top 20 largest companies in the Fortune 500 list, demonstrating a robust economic performance and a significant influence in energy markets.
The company operates two major segments: Upstream and Downstream. The Upstream segment is responsible for the exploration, development, and production of crude oil and natural gas; the liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; processing, transportation, storage, and marketing of natural gas, and a gas-to-liquids plant. The Downstream segment is involved in refining crude oil into petroleum products; marketing of crude oil and refined products, transporting crude oil and refined products through