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When did Chevron change its name?
When was Chevron founded?
When did Chevron & Standard Oil merge?
When did Chevron acquire Gulf Oil?
Chevron's earliest predecessor, Pacific Coast Oil Co., was incorporated in 1879 in San Francisco. The first logo contained the company name against a backdrop of wooden derricks set among the Santa Susana Mountains that loomed over Pico Canyon.
Completed on October 9, 2001, Chevron temporarily renamed itself to ChevronTexaco between 2001 and 2005; after the company reverted its name to Chevron, Texaco became used as a brand by the company for some of its fueling stations.
Company Origins. Chevron's oldest direct ancestor is the Pacific Coast Oil Company, founded in 1879 by Frederick Taylor and a group of investors.
They kept the name until 1906, when it merged with a Standard Oil subsidiary and became Standard Oil Company (California). [2] Standard Oil of California and Gulf Oil merged in 1984, which became the largest merger in history at that time. [3] The company would change its name to Chevron Corporation the same year.
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Chevron Corporation is one of the largest oil refiners in the United States. It owns and operates many operations that are central to oil production, from exploration to refining to distribution. It is the fifth-largest oil company in the world (based on revenues), the largest U.S. marketer of petroleum products, one of the largest marketers of liq...
Chevron's goal was to achieve $3 billion in earnings by 1998, which it reached one year ahead of schedule in 1997. In fact, that year Chevron's net income was a record $3.25 billion, up 25 percent from $2.60 billion in 1996 and 250 percent from $930 million in 1995. Net income for 1994 was $1.70 billion and $1.26 billion for 1993. Chevron has incre...
Some experts are predicting oil prices to be flat over the next 15 years and that oil demand will increase to nearly 100 million barrels per day. The 1998 Value Line Investment Survey reported that petroleum industry profits are expected to fall 10 percent in 1998 because of overproduction and a mild winter. Morgan Stanley, Dean Witter reported in ...
In 1938 Standard Oil Co. of California (now Chevron) made a huge oil discovery in Saudia Arabia, which eventually led to the discovery of 52 oil fields. After World War II, the company began a major effort to market Arabian crude oil, which was probably the single most important factor in establishing Chevron as a major multinational company. The c...
Since 1989 Chevron has instituted cost-cutting initiatives in the upstream (exploration and production) and downstream (refining and marketing) businesses of the company, and these have had good results. Chevron's current strategy to improve financial performance has nine components: (1) Build a committed team to accomplish the corporate mission. (...
First and foremost the oil industry is strongly influenced by government regulation and environmental issues. When an oil spill occurs or the natural habitat is threatened, there is a negative impact on the industry at large. This negative impact will prohibit growth for the industry and, as a result, affect earnings across the board. To cut down o...
Ownership: Chevron Corporation is a publicly owned company traded on the New York, Chicago, Pacific, London, and Swiss Stock Exchanges. Ticker symbol:CHV Officers:Kenneth T. Derr, Chmn. & CEO, 61, 1997 base salary $3,618,604; Martin R. Klitten, VP & CFO, 53, 1997 base salary $1,127,885; James N. Sullivan, Vchmn, 60, 1997 base salary $1,920,158; Pet...
Perhaps the most important asset in Chevron's upstream portfolio is the Tengiz field in the Republic of Kazakstan. In 1993 Chevron entered into a joint venture with Kazakstan to develop the more than six-billion barrel field. By midyear 1997 approximately 166,000 barrels of oil were being produced per day, the major constraint being the lack of exp...
Chevron explores for and extracts crude oil, natural gas, and natural gas liquids. These natural resources are then sold as is or are refined into gasoline and lubricants. Through its subsidiary Chevron Chemical and its International Group, the company produces and markets petrochemicals for industrial use throughout the world. These chemicals incl...
Chevron participates in the American Business Collaboration for Quality Dependent Care program, which provides day care for its 9,000 employees in the San Francisco Bay area. The program trains local child-care providers to be more accessible to working families by extending the hours that child care is available, increasing the flexibility of care...
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May 27, 2024 · In order to maintain its oil and gas reserves, the renamed Chevron Corporation acquired Gulf Oil in 1984 in one of the largest corporate mergers of its time. Following this merger, Chevron operated in more than 90 countries, either directly or through affiliates.
