Top 50 largest companies in the world 2022 (P.26) Chevron: Second largest energy company in the US

08-08-2022

(WorldKings.org) Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries.

Chevron is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. It was also one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s.

Chevron's downstream operations manufacture and sell products such as fuels, lubricants, additives, and petrochemicals. The company's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea and Australia. In 2018, the company produced an average of 791,000 barrels of net oil-equivalent per day in United States.

As of December 31, 2018, Chevron had approximately 48,600 employees (including about 3,600 service station employees). Approximately 24,800 employees (including about 3,300 service station employees), or 51 percent, were employed in U.S. operations.

Chevron's alternative energy operations include geothermal solar, wind, biofuel, fuel cells, and hydrogen. In 2021 it significally increased its use of biofuel from dairy farms, like biomethane. Chevron has claimed to be the world's largest producer of geothermal energy. The company's primary geothermal operations were located in Southeast Asia, but these assets were sold in 2017. Prior, Chevron operated geothermal wells in Indonesia providing power to Jakarta and the surrounding area. In the Philippines, Chevron also operated geothermal wells at Tiwi field in Albay province, the Makiling-Banahaw field in Laguna and Quezon provinces.

As of August 2021, Chevron ranked 27th in the Fortune 500 with a yearly revenue of $94.7 billion and market valuation of $190 billion. In the 2022 Forbes Global 2000, Chevron was ranked as the 26th largest public company in the world.

According to Wikipedia; Forbes

 


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