Chevron Corporation

Chevron Corporation is an American multinational energy company primarily focused on oil and gas. Its core business encompasses the entire energy value chain, including hydrocarbon exploration, production, refining, marketing, and transportation, as well as chemicals manufacturing and sales, and power generation. The company's mission is to provide affordable, reliable, and ever-cleaner energy to enable human progress. As of late 2024, Chevron's corporate headquarters are located in Houston, Texas.

Chevron operates through two main business segments: Upstream and Downstream. The Upstream segment is responsible for the exploration, development, and production of crude oil and natural gas, including liquefied natural gas (LNG) activities, natural gas processing and marketing, and carbon capture and storage. The Downstream segment focuses on refining crude oil into various petroleum products such such as gasoline, diesel, and jet fuel, manufacturing and marketing lubricants, fuel additives, petrochemicals, and plastics, and is increasingly involved in renewable fuels. The company serves a diverse customer base, including individual consumers through retail stations, commercial entities, industrial clients, and governments worldwide.

Led by Chairman and CEO Michael K. Wirth since 2018, Chevron is recognized as the second-largest oil company in the United States by revenue and one of the world's largest integrated energy companies. The company recently reported its Q1 2026 earnings, exceeding EPS estimates but falling short on revenue, and is targeting structural cost reductions by year-end 2026. A significant development was the acquisition of Hess Corporation in 2025, which substantially expanded Chevron's operational footprint and production capabilities. Chevron maintains a strong dividend track record, having increased its dividend for 38 consecutive years.