CHEVRON CORP

Chevron Corporation (NYSE: CVX) is an integrated energy company engaged in exploring for, developing, and producing crude oil and natural gas, as well as refining petroleum products and manufacturing chemicals. The company operates through two primary business segments: Upstream and Downstream. The Upstream segment focuses on crude oil and natural gas exploration, development, and production, including liquefied natural gas operations, carbon capture and storage, and gas-to-liquids activities. The Downstream segment encompasses crude oil refining, petroleum product marketing, renewable fuel manufacturing, pipeline transportation, and commodity petrochemical production.

As of December 31, 2025, Chevron employed approximately 43,039 people globally, with significant operations across North America, South America, Europe, Africa, Asia, and Australia. The company maintains proved reserves of approximately 10.6 billion barrels of oil-equivalent, with 43 percent located in the United States, 15 percent in Australia, and 11 percent in Kazakhstan. Chevron's production reached 3.7 million barrels of oil-equivalent per day in 2025, representing a twelve percent increase from the prior year.

The company's strategic direction emphasizes safely delivering lower carbon energy to a growing world while maintaining higher returns and superior shareholder value. Chevron leverages its capabilities, assets, partnerships, and customer relationships to grow its oil and gas business, reduce carbon intensity of operations, and develop new energy businesses. The company operates a substantial portfolio of productive wells, with 42,980 gross productive oil wells and 3,500 gross productive gas wells as of year-end 2025.

Chevron's website is located at www.chevron.com. The company was incorporated in Delaware in 1926 as Standard Oil Company of California and adopted the Chevron Corporation name in 1984. In 2025, Chevron completed a significant acquisition of Hess Corporation, which substantially expanded its upstream portfolio, particularly in the Permian Basin, Gulf of America, and Guyana operations. This acquisition enhanced Chevron's resource base and production capacity across multiple geographic regions and contributed meaningfully to the company's 2025 production growth.