Chevron

Company Background

In 1984, Pacific Coast Oil and the Gulf Oil Corporation merged to become what would be known as Chevron, based in San Ramon, California (1a). In 2001, Chevron merged with Texas Fuel Company, creating Chevron Texaco, an oil production company (1a). In 2011, the company produced 2.673 million barrels of oil-equivalent per day (1a). Chevron has businesses in oil, natural gas, manufacturing, global trading, pipelines, lubricants, shipping, oronite, chemicals, mining, power, and technology (1b).

Strategic Partnerships

Chevron has an established system of corporate responsibility that has led to several partnerships that benefit communities outside of their own. They work with the Discovery Channel Global Education Partnership to help advance education in some of the developing countries in which Chevron works (1c). They also work with OUTSOURCE Consulting to ensure that the company has diversity in its employers (1c). OUTSOURCE identifies local talent in the minority communities (1c). Chevron is also conscious of reducing Greenhouse Gases, and has partnered with the Intergovernmental Panel on Climate Change to work on this effort (1c).

Innovation and Technology

I-Fields, also known as intelligent fields, are being pioneered by Chevron. Development in the digital realm of oil fields is helping to control aspects of the oil industry including machinery, reservoirs, and drilling (2). Tiny sensors in the field monitor them and send data to headquarters (2). They track the important information occurring in the field and maximize production. The use of these fields helps to solve problems before they start, which saves money and makes work more efficient.

Products

At the individual consumer level, Chevron produces gasoline for cars and for heating purposes (1d). For businesses, however, the company provides additives, base oils, chemicals, energy services, fuels, lubricants, and specialty products (1d).

In 2002, ChevronTexaco Technology Ventures announced that it formed MolecularDiamond Technologies, a new business unit in Richmond, California. The unit makes small quantities of proprietary higher diamondoid materials (1e). In 2004, they successfully produced gram quantities of the diamondoid materials (1f). In 2007, Sub-One Technology started development of a process to rapidly deposit diamondlike coatings on the internal surfaces of metallic parts, such as tubulars, chokes and nozzles using diamondoids from Chevron’s MolecularDiamond Technologies business (3).

Sources

  1. Chevron (2012). Retrieved on December 5, 2012 from www.chevron.com
    1. www.chevron.com/about/leadership
    2. www.chevron.com/about/ourbusinesses
    3. www.chevron.com/globalissues/corporateresponsibility/2008/partnershipstories
    4. www.chevron.com/products/services
    5. "ChevronTexaco Scientists Discover Novel Building Blocks For Nanotechnology" (2002, December 2): www.chevron.com/chevron/pressreleases/article/12022002_chevrontexacoscie...
    6. "ChevronTexaco MolecularDiamond Technologies Produces Research Quantities of Diamond Molecules From Petroleum" (2004, May 3): www.chevron.com/chevron/pressreleases/article/05032004_chevrontexacomole...
  2. US News (2012, June 12). "At Chevron, Digital Technology Spouts Gusher of Savings." Retrieved on December 10, 2012 from http://money.usnews.com/money/business-economy/articles/2012/06/12/at-ch...
  3. Chevron Technology (2007, August). "The Innovation Incubator." Next* Magazine, Issue 2. Retrieved on April 1, 2013 from www.chevron.com/documents/pdf/chevron2007nextmagazine.pdf