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ChevronTexaco Corporation (NYSE: CVX (http://www.nyse.com/about/listed/lcddata.html?ticker=CVX)) ranks among the world's largest and most competitive global energy companies. Headquartered in San Ramon, California and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.
Company roots
The company marks its 125th anniversary in 2004, tracing its roots to an oil discovery at Pico Canyon, north of Los Angeles. This find led to the formation, in 1879, of the Pacific Coast Oil Company. Another side of the genealogical chart points to the 1901 founding of The Texas Fuel Company, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas.
These two companies, the predecessors of Chevron Corp. and Texaco Inc., respectively, were both instrumental in transforming a fledgling oil business into today's multifaceted, high-tech energy industry.
Global scope
Global, diverse and highly skilled, the ChevronTexaco work force of approximately 51,000 takes pride in a commitment to community partnerships, social responsibility and environmental excellence.
ChevronTexaco had approximately 12 billion barrels (1.9 km³) of oil-equivalent net proved reserves at December 31, 2003. Daily production in 2003 was 2.5 million net oil-equivalent barrels (400,000 m³) per day. In addition, the company had a global refining capacity at year-end 2003 of 2.2 million barrels (350,000 m³) of crude oil per day. The company has a worldwide marketing network in 84 countries with approximately 24,000 retail sites, including those of affiliate companies. The company also has interests in 13 power generating assets in the United States, Asia and Europe
Energy technologies
ChevronTexaco develops and commercializes advanced energy technologies, including fuel cells, photovoltaics and advanced batteries, and is active in research and development efforts to utilize hydrogen as a fuel for transportation and power. Additionally, the company is investing in the field of nanotechnology, evaluating a new class of molecular building blocks that potentially may be useful in many industries.
Marketing Brands
Fuel
Chevron
Texaco (only in SE USA. Others are operated by Shell until 2006)
Gulf
Caltex
Lubricants
Havoline
DEX
Chevron Oils
Fuel Aditives
Techron - Chevron
Clean System 3 - Texaco
External links
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