🏢 Full Name: Chevron Corporation
🌍 Headquarters: Houston, Texas, USA
🗓️ Founded: 1879
📈 Stock Ticker: CVX (NYSE)
👥 Employees: 45,600 (as of December 31, 2023)
💰 Annual Revenue (2024): $246.3 billion
💵 Net Profit (2024): $14.8 billion
📊 Operating Cash Flow (2024): $34.6 billion
📈 Dividends (2024): $27 billion returned to shareholders, including $3.9 billion in share buybacks
⚙️ Key Business Areas:
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Upstream (Exploration and Production): Chevron operates in regions such as the Permian Basin in the U.S., the Gulf of Mexico, Kazakhstan, West Africa, and Guyana.
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Midstream (Transportation and Storage): Transportation and storage of oil and gas through pipelines.
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Downstream (Refining and Marketing): Production and sale of fuels, oils, chemicals, and other products.
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New Energy Sources: Investments in hydrogen, biomass, solar energy, and carbon capture technologies.
📈 Q1 2025 Results:
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Net Profit: $3.5 billion (36% decrease year-over-year)
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Revenue: $47.61 billion (2.3% decrease year-over-year)
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Share Buybacks: $3.9 billion in Q1
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Total Returned to Shareholders: $6.9 billion (since the beginning of 2025)
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Company Stock: 5.9% decrease since the beginning of 2025 (marketwatch.com)
🌱 Sustainability and New Energy Strategy:
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2024 CAPEX Budget: $16 billion, with $2 billion allocated for low-carbon technologies and new energy projects (chevron.com)
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Guyana Project: Planned acquisition of Hess Corporation for $53 billion to develop new oil projects, despite claims from ExxonMobil (en.wikipedia.org)
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India Project: A ten-year agreement with HPCL to produce and sell oil products under the Caltex brand (en.wikipedia.org)
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Technology Center: Established the ENGINE technology and innovation center in Bangalore, India, with $1 billion in investments (en.wikipedia.org)