netrashetty
Par 100 posts (V.I.P)
Chevron Corporation (NYSE: CVX Euronext: CHTEX) is an American multinational energy corporation. Headquartered in San Ramon, California, and active in more than 180 countries, it is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's six "supermajor" oil companies. For the past five years, Chevron has been continuously ranked as one of America's 5 largest corporations by Fortune 500.[2] In 2011 it was named the 16th largest public company in the world by Forbes Global 2000.[3][4]
Energy Supply & Demand
Energy Policy
Energy Efficiency and Conservation
Emerging Energy
Environment
Climate Change
Social Investment
Health & Safety
Human Rights
Diversity
Business Ethics
Corporate Responsibility
he appetite for oil and other energy sources is growing dramatically, with worldwide energy consumption projected to increase by 36 percent by 2035.
The growing demand is fueled by a population that is predicted to increase 25 percent in the next 20 years, with most of that growth in countries with emerging economies, such as China and India. Rising energy demand from economic output and improved standards of living will likely put added pressure on energy supplies. For example, in China alone, demand is expected to increase by 75 percent by 2035.
Meanwhile, in the Western world people are driving their cars more each year and living in bigger houses that are equipped with an increasing array of energy-demanding appliances and electronics.
At Chevron, we recognize the world needs all the energy we can develop, in many potential forms. That's why we're investing in a broad portfolio of energy resources, with $26 billion budgeted in 2011 alone.
We're finding and developing conventional and new sources of oil and gas.
We're using energy more efficiently.
We're investing in renewables and the next generation of energy sources.
Finding More Oil and Gas
Even if the use of renewables triples over the next 25 years, the world is likely still to depend on fossil fuels for at least 50 percent of its energy needs. That's why in 2010 we invested $21.6 billion in exploration and production to develop our portfolio of major capital projects.
New technologies are helping us to see more clearly beneath the Earth's surface. These advances allow us to maximize the production of our existing oil and natural gas fields and to drill deeper than ever before so we can locate and recover resources that were once considered too difficult to develop.
For example, our work at the Tahiti Field in the deepwater U.S. Gulf of Mexico demonstrates Chevron's capabilities. Tahiti's deepest producing well is more than 26,700 feet (8,140 m), a record for the Gulf of Mexico. Production began in May 2009.
Using Energy Wisely
Energy efficiency is the cheapest and most plentiful form of new energy the world has.
Our subsidiary Chevron Energy Solutions (CES), is devoted to helping schools, government agencies and businesses use energy more efficiently and reduce energy use. As one of the nation's largest installers of solar energy systems for educational institutions, CES helps clients reduce energy usage by 30 percent on average. In March 2010, East Side Union High School District in San Jose, California, launched a 3.7 megawatt solar project expected to reduce the school district's electric utility costs by 30 percent and deliver $36 million in savings over the life of the project.
We also are applying some of CES's solutions to our own business. Since 1992, we've increased our energy efficiency at Chevron by 33 percent.
How did we do it?
We invested hundreds of millions of dollars in energy-efficiency efforts directed at reducing the amount of energy we use in our operations. Every day, energy savings are achieved by taking actions ranging from upgrading steam traps and installing more efficient heat exchangers to constructing more efficient power plants. In 2010, our Houston offices received silver and gold Leadership in Energy and Environmental Design certification from the U.S. Green Building Council.
Developing Alternative Energy
Chevron is making global investments in renewable and alternative energy and in energy efficiency. Those efforts aim to modify our energy portfolio over the long term.
Renewables—such as cellulosic biofuels, which do not undermine the food supply, geothermal energy, and solar—will provide new raw materials for fuels, new sources for power and new benefits for the environment.
Meeting the Demand
Growing demand, geopolitical pressures, and more remote and challenging resources continue to change the global energy landscape.
The decisions we all make today—whether they involve investing in a multibillion-dollar oil project or purchasing the family car—may have long-term energy implications.
It is important that we face the challenges and embrace the opportunities because energy—both its production and its use in an environmentally safe manner—is a platform for broader economic growth and improves the quality of life of people around the world.
We know a lot about producing energy. But we've also made it our business to save energy.
Energy efficiency is one of our most economical sources of new energy. Imagine this: A reduction of just 5 percent in global energy use would save the equivalent of more than 10 million barrels of oil per day—enough energy to power Australia, Mexico and the United Kingdom.
Using energy more efficiently makes sense for many reasons, including:
It reduces carbon emissions.
It lowers costs.
It conserves the supplies we have.
Helping Others to Save
We're an energy company with a business unit dedicated to helping others become more energy efficient. Since 2000, Chevron Energy Solutions (CES) has helped clients reduce energy use at their facilities by nearly 30 percent on average. CES customers are schools, colleges, government agencies and businesses, including some of our own business units. We work with our customers to improve energy efficiency and find ways to use renewable power to provide significant energy and cost savings each year. The money saved generally covers the cost of the improvements within a relatively short time, thereby providing ongoing financial benefits for the customer and improved health for the environment.
In 2010, CES announced three important projects. The City of Brea Energy Efficiency and Solar project in California is expected to bring the city more than $13 million in net energy savings over the life of the project. The Marine Corps Logistics Base Albany Landfill Gas project in Georgia will produce 1.9 megawatts of renewable electric power and steam by burning gas generated by a nearby landfill. CES also built a 6,800-ton chilled water plant as part of the University of Utah Thermal Storage and Central Plant project.
Lowering Our Energy Costs
At Chevron, we're practicing energy efficiency.
To help measure our progress, we established the Chevron Energy Index in 1992. Since then, we have increased the energy efficiency of our global operations by 33 percent.
We've achieved these savings in big and small ways.
We created the position of Corporate Energy Coordinator to lead the company's energy efficiency efforts. The coordinator develops and improves best practices that can be shared among business units and conducts energy reviews to assist in prioritizing conservation opportunities across the company.
We've also invested in projects to reduce the amount of energy we use in our operations.
In 2010, two Chevron facilities in Houston received silver and gold certification for Leadership in Energy and Environmental Design (LEED). Developed by the U.S. Green Building Council, LEED is an internationally recognized certification system that verifies a building or community was designed and built to be environmentally sustainable. Our Houston offices are the largest LEED-certified buildings in the United States.
The people of Chevron make energy efficiency a constant priority. We do it with simple, everyday acts, such as constantly maintaining our equipment so that it runs smoothly, and with complex projects, such as building high-efficiency power plants.
Generating Electricity More Efficiently
Worldwide, Chevron operates cogeneration units at refineries, production facilities and other sites, with a combined electrical generating capacity of about 3,500 megawatts. Cogeneration is a fuel-efficient and environmentally friendly process to produce steam and electric power simultaneously. These units, also referred to as combined heat and power units, generate electricity about twice as efficiently as the average power supplied by a local utility company.
Our Kern River Cogeneration Co. facility in California, a joint venture with Edison Mission Energy, was California's first large cogeneration facility, with a generating capacity of 300 megawatts.
We built an $80 million cogeneration facility in El Segundo, Calif., to provide electrical and steam power for our refinery there. We're using cogeneration to produce additional electricity from energy that would otherwise go unused at several of our refineries.
We also developed and installed California's first megawatt-class hydrogen fuel cell cogeneration plant at Alameda County's Santa Rita Jail. The 1 megawatt project provides half of the facility's annual power needs and is saving county taxpayers more than $260,000 a year. By reducing the facility's demand for utility-provided power, the fuel cell plant offsets more than 3,000 tons of greenhouse gas emissions each year.
Oil
Providing Energy for Progress
The world has produced about 1 trillion barrels of oil to date. Over the next century or so, approximately 2 trillion barrels more are expected to be produced from conventional proved reserves and undiscovered conventional oil. Additional supplies will be produced by Chevron and others from unconventional oil resources, such as extra-heavy oil in Venezuela, oil sands in Alberta and shale oil in the United States.
Oil has powered the world in the form of transportation fuels for more than a century, and demand is expected to grow over the long term. Global energy demand is projected to increase more than 40 percent over the next 25 years, with oil, natural gas and coal continuing to meet most of that demand.
What Chevron Is Doing
For more than 130 years, Chevron has developed some of the world's most complex crude oil fields. We have a strong position in nearly all of the world's key basins, and our extensive project portfolio provides the foundation for future growth.
We are the largest private producer of oil in Kazakhstan, the top oil and natural gas producer in Thailand, the largest oil producer in Indonesia and the top leaseholder in the U.S. Gulf of Mexico.
In 2010, Chevron produced 2.763 million net oil-equivalent barrels per day from operations around the world.
Developing Energy Sources Around the Globe
We have numerous major capital projects under way to bring significant new resources to global markets. Our technological capabilities play a pivotal role in making these projects successful and in producing more oil from mature fields.
Africa
In Africa, the company is exploring for and producing oil in Angola, Chad, Democratic Republic of the Congo, Nigeria and Republic of the Congo. Chevron is involved in several projects in different stages of development, including:
Angola – A major development program is under way to significantly increase production from the Block 0 concession, located offshore adjacent to the Cabinda coastline. This includes Mafumeira Sul, the second stage of the Mafumeira field development.
Nigeria – In 2009, the second phase of the Agbami deepwater field development offshore Nigeria was initiated. When completed, the 10-well development program is expected to sustain a maximum production rate of 250,000 barrels per day.
Asia
Chevron is exploring for or producing oil throughout Asia, including Azerbaijan, Cambodia, China, Indonesia, Kazakhstan, the Partitioned Zone between Saudi Arabia and Kuwait, and Thailand. Major projects include:
Tengiz Sour Gas Injection and Second Generation Plant, Kazakhstan – This significant expansion project increased Tengizchevroil (TCO) production capacity by approximately 80 percent. Options are being evaluated for an expansion project similar in scale to this one.
Duri Field Expansion, Indonesia – Already one of the world's largest steamflood developments, the Duri Field continues to expand as projects are implemented to sustain production and increase oil recovery. The North Duri Development Area 12 expansion was completed in December 2010, and a final investment decision for Area 13 was reached in May 2010.
Wafra Field Steamflood Project, Partitioned Zone – In 2009, the second phase of a steamflood pilot project was commissioned at the Wafra Field in the Partitioned Zone. The project is designed to determine the technical and economic viability of thermal-recovery projects in the carbonate reservoir and, if successful, could significantly increase recoverability of the heavy oil.
South America
In South America, Chevron produces oil in Argentina, Brazil and Venezuela.
Chevron is investing in the sustained development of the Frade and Papa-Terra deepwater fields offshore Brazil. Frade, which started producing oil in 2009, is among the larger deepwater heavy oil projects in the world. The Papa-Terra Project, now under construction, is expected to be Chevron's largest investment in Brazil.
Chevron is one of the leading private oil companies in Venezuela. In February 2010, a Chevron-led consortium was selected to participate in a heavy oil project composed of three blocks in the Orinoco Belt.
North America
Chevron's U.S. portfolio is anchored by producing assets concentrated in California, the Gulf of Mexico, Louisiana, Texas, New Mexico, the Rocky Mountains and Alaska. The company was the third-largest hydrocarbon producer in the United States during 2010. Net oil-equivalent production in the United States during 2010 represented approximately one-fourth of the companywide total.
U.S. Gulf of Mexico Deepwater Projects – Chevron is one of the leading producers in the deepwater Gulf of Mexico. Key producing assets include Tahiti and Blind Faith, the company's deepest operated offshore production facility. Two major capital projects—Jack/St. Malo and Big Foot—reached final investment decision in 2010.
California, U.S. – Chevron is No. 1 in net daily oil-equivalent production in California, with heavy oil making up about 84 percent of production. The company uses steam to increase oil recovery. Heat management is a major operational focus in the recovery of these reserves, with emphasis on improved energy efficiency.
In Canada, Chevron has interests in the Athabasca oil sands projects in Alberta, exploration and development projects offshore in the Atlantic region, and exploration and discovered resource interests in the Mackenzie Delta and Beaufort Sea region of Canada's western Arctic.
Athabasca Oil Sands Expansion Project, Canada – This project achieved first production in 2010 and is expected to increase daily production capacity from oil sands to more than 255,000 barrels in early 2011.
Europe
Chevron has interests in 10 offshore producing fields in the United Kingdom, Denmark, the Netherlands and Norway. The company's operations in the North Sea have a track record of technological innovation, including horizontal drilling at the Captain Field, one of the first North Sea fields to use this technology.
For Businesses
Additives
Aviation
Base Oils
Business Opportunities
Chemicals
Energy Services
Fuels
Lubricants
Marine
Specialty Products
Supplier Diversity
Technology
Additives
Improving Lubricant and Fuel Performance
Our products help maximize the reliability, efficiency and lifespan of engines. We use the latest technology and research to deliver the products that keep the world moving.
Chevron Oronite
Chevron Oronite sells quality additives that improve the performance of lubricants and fuels used in drivelines, hydraulic components and engines.
Our lubricant additives are blended into refined base oils to produce finished lubricants used in cars, diesel trucks, buses, ships, locomotives and motorcycles. Lubricant additives made by Oronite dissolve deposits, inhibit corrosion, control oxidation, and reduce friction and wear. Improved engine performance results in fewer emissions and less impact on the environment
Aviation
Excellence From Refinery to Wingtip
Chevron has been a key player in aviation fuels for 85 years through its innovation, quality, reliability, service and trust.
Global Aviation
Commercial Aviation-Chevron supplies superior-quality jet fuels that meet or exceed stringent requirements for worldwide fuel handling and products standards set by industry and government groups, including The American Society of Testing and Materials (ASTM), The Coordinating Research Council and the United Kingdom Ministry of Defense.
General Aviation
General Aviation-Chevron supplies superior-quality jet fuels and aviation gasoline to Fixed Based Operators and Distributors. These are in compliance with worldwide fuel handling and products standards set by industry and government groups, including The American Society of Testing and Materials (ASTM), The Coordinating Research Council and the United Kingdom Ministry of Defence. Our jet fuels meet or exceed stringent requirements.
Aviation Support Services
Our Center of Operational Excellence is key to ensuring the delivery of superior-quality products and services to our customers worldwide in a safe, secure, environmentally sound, reliable and efficient manner.
General Aviation- The Chevron- and Texaco-branded General Aviation businesses provide state-of-the-art business support to its Fixed Based Operators and Distributors to help them run their business more effectively.
Premium Base Oils
Improving the Performance of Lubricants and Process Oils
Base oils are the building blocks used to manufacture lubricants, such as motor oils, for consumer and commercial uses.
Chevron's ISODEWAXING® catalyst revolutionized base oil quality. Virtually all of the world's premium base oils are produced using this isomerized dewaxing technology. Due to their high purity and great oxidation stability, Chevron premium base oils enable lubricant blenders to cut costs while meeting stringent new specifications for cleaner-burning engines.
We work closely with lubricant manufacturers, additive companies, equipment manufacturers and industry groups such as the American Petroleum Institute, European Automobile Manufacturers' Association, International Lubricant Standardization and Approval Committee, and Society of Automotive Engineers to advance industry standards that protect engine performance while enabling environmental compliance for new engine designs.
We produce premium base oils at two strategically located refineries, in Richmond, California, and Yeosu, South Korea. Preparations are under way at a third plant, at our refinery in Pascagoula, Mississippi. The facility is scheduled for startup by the end of 2013. When it is completed, Chevron will be positioned as the world's leading premium base oil suppler. Our premium base oils are shipped to regional supply hubs in the world's most significant lubricant markets.
Energy Supply & Demand
Energy Policy
Energy Efficiency and Conservation
Emerging Energy
Environment
Climate Change
Social Investment
Health & Safety
Human Rights
Diversity
Business Ethics
Corporate Responsibility
he appetite for oil and other energy sources is growing dramatically, with worldwide energy consumption projected to increase by 36 percent by 2035.
The growing demand is fueled by a population that is predicted to increase 25 percent in the next 20 years, with most of that growth in countries with emerging economies, such as China and India. Rising energy demand from economic output and improved standards of living will likely put added pressure on energy supplies. For example, in China alone, demand is expected to increase by 75 percent by 2035.
Meanwhile, in the Western world people are driving their cars more each year and living in bigger houses that are equipped with an increasing array of energy-demanding appliances and electronics.
At Chevron, we recognize the world needs all the energy we can develop, in many potential forms. That's why we're investing in a broad portfolio of energy resources, with $26 billion budgeted in 2011 alone.
We're finding and developing conventional and new sources of oil and gas.
We're using energy more efficiently.
We're investing in renewables and the next generation of energy sources.
Finding More Oil and Gas
Even if the use of renewables triples over the next 25 years, the world is likely still to depend on fossil fuels for at least 50 percent of its energy needs. That's why in 2010 we invested $21.6 billion in exploration and production to develop our portfolio of major capital projects.
New technologies are helping us to see more clearly beneath the Earth's surface. These advances allow us to maximize the production of our existing oil and natural gas fields and to drill deeper than ever before so we can locate and recover resources that were once considered too difficult to develop.
For example, our work at the Tahiti Field in the deepwater U.S. Gulf of Mexico demonstrates Chevron's capabilities. Tahiti's deepest producing well is more than 26,700 feet (8,140 m), a record for the Gulf of Mexico. Production began in May 2009.
Using Energy Wisely
Energy efficiency is the cheapest and most plentiful form of new energy the world has.
Our subsidiary Chevron Energy Solutions (CES), is devoted to helping schools, government agencies and businesses use energy more efficiently and reduce energy use. As one of the nation's largest installers of solar energy systems for educational institutions, CES helps clients reduce energy usage by 30 percent on average. In March 2010, East Side Union High School District in San Jose, California, launched a 3.7 megawatt solar project expected to reduce the school district's electric utility costs by 30 percent and deliver $36 million in savings over the life of the project.
We also are applying some of CES's solutions to our own business. Since 1992, we've increased our energy efficiency at Chevron by 33 percent.
How did we do it?
We invested hundreds of millions of dollars in energy-efficiency efforts directed at reducing the amount of energy we use in our operations. Every day, energy savings are achieved by taking actions ranging from upgrading steam traps and installing more efficient heat exchangers to constructing more efficient power plants. In 2010, our Houston offices received silver and gold Leadership in Energy and Environmental Design certification from the U.S. Green Building Council.
Developing Alternative Energy
Chevron is making global investments in renewable and alternative energy and in energy efficiency. Those efforts aim to modify our energy portfolio over the long term.
Renewables—such as cellulosic biofuels, which do not undermine the food supply, geothermal energy, and solar—will provide new raw materials for fuels, new sources for power and new benefits for the environment.
Meeting the Demand
Growing demand, geopolitical pressures, and more remote and challenging resources continue to change the global energy landscape.
The decisions we all make today—whether they involve investing in a multibillion-dollar oil project or purchasing the family car—may have long-term energy implications.
It is important that we face the challenges and embrace the opportunities because energy—both its production and its use in an environmentally safe manner—is a platform for broader economic growth and improves the quality of life of people around the world.
We know a lot about producing energy. But we've also made it our business to save energy.
Energy efficiency is one of our most economical sources of new energy. Imagine this: A reduction of just 5 percent in global energy use would save the equivalent of more than 10 million barrels of oil per day—enough energy to power Australia, Mexico and the United Kingdom.
Using energy more efficiently makes sense for many reasons, including:
It reduces carbon emissions.
It lowers costs.
It conserves the supplies we have.
Helping Others to Save
We're an energy company with a business unit dedicated to helping others become more energy efficient. Since 2000, Chevron Energy Solutions (CES) has helped clients reduce energy use at their facilities by nearly 30 percent on average. CES customers are schools, colleges, government agencies and businesses, including some of our own business units. We work with our customers to improve energy efficiency and find ways to use renewable power to provide significant energy and cost savings each year. The money saved generally covers the cost of the improvements within a relatively short time, thereby providing ongoing financial benefits for the customer and improved health for the environment.
In 2010, CES announced three important projects. The City of Brea Energy Efficiency and Solar project in California is expected to bring the city more than $13 million in net energy savings over the life of the project. The Marine Corps Logistics Base Albany Landfill Gas project in Georgia will produce 1.9 megawatts of renewable electric power and steam by burning gas generated by a nearby landfill. CES also built a 6,800-ton chilled water plant as part of the University of Utah Thermal Storage and Central Plant project.
Lowering Our Energy Costs
At Chevron, we're practicing energy efficiency.
To help measure our progress, we established the Chevron Energy Index in 1992. Since then, we have increased the energy efficiency of our global operations by 33 percent.
We've achieved these savings in big and small ways.
We created the position of Corporate Energy Coordinator to lead the company's energy efficiency efforts. The coordinator develops and improves best practices that can be shared among business units and conducts energy reviews to assist in prioritizing conservation opportunities across the company.
We've also invested in projects to reduce the amount of energy we use in our operations.
In 2010, two Chevron facilities in Houston received silver and gold certification for Leadership in Energy and Environmental Design (LEED). Developed by the U.S. Green Building Council, LEED is an internationally recognized certification system that verifies a building or community was designed and built to be environmentally sustainable. Our Houston offices are the largest LEED-certified buildings in the United States.
The people of Chevron make energy efficiency a constant priority. We do it with simple, everyday acts, such as constantly maintaining our equipment so that it runs smoothly, and with complex projects, such as building high-efficiency power plants.
Generating Electricity More Efficiently
Worldwide, Chevron operates cogeneration units at refineries, production facilities and other sites, with a combined electrical generating capacity of about 3,500 megawatts. Cogeneration is a fuel-efficient and environmentally friendly process to produce steam and electric power simultaneously. These units, also referred to as combined heat and power units, generate electricity about twice as efficiently as the average power supplied by a local utility company.
Our Kern River Cogeneration Co. facility in California, a joint venture with Edison Mission Energy, was California's first large cogeneration facility, with a generating capacity of 300 megawatts.
We built an $80 million cogeneration facility in El Segundo, Calif., to provide electrical and steam power for our refinery there. We're using cogeneration to produce additional electricity from energy that would otherwise go unused at several of our refineries.
We also developed and installed California's first megawatt-class hydrogen fuel cell cogeneration plant at Alameda County's Santa Rita Jail. The 1 megawatt project provides half of the facility's annual power needs and is saving county taxpayers more than $260,000 a year. By reducing the facility's demand for utility-provided power, the fuel cell plant offsets more than 3,000 tons of greenhouse gas emissions each year.
Oil
Providing Energy for Progress
The world has produced about 1 trillion barrels of oil to date. Over the next century or so, approximately 2 trillion barrels more are expected to be produced from conventional proved reserves and undiscovered conventional oil. Additional supplies will be produced by Chevron and others from unconventional oil resources, such as extra-heavy oil in Venezuela, oil sands in Alberta and shale oil in the United States.
Oil has powered the world in the form of transportation fuels for more than a century, and demand is expected to grow over the long term. Global energy demand is projected to increase more than 40 percent over the next 25 years, with oil, natural gas and coal continuing to meet most of that demand.
What Chevron Is Doing
For more than 130 years, Chevron has developed some of the world's most complex crude oil fields. We have a strong position in nearly all of the world's key basins, and our extensive project portfolio provides the foundation for future growth.
We are the largest private producer of oil in Kazakhstan, the top oil and natural gas producer in Thailand, the largest oil producer in Indonesia and the top leaseholder in the U.S. Gulf of Mexico.
In 2010, Chevron produced 2.763 million net oil-equivalent barrels per day from operations around the world.
Developing Energy Sources Around the Globe
We have numerous major capital projects under way to bring significant new resources to global markets. Our technological capabilities play a pivotal role in making these projects successful and in producing more oil from mature fields.
Africa
In Africa, the company is exploring for and producing oil in Angola, Chad, Democratic Republic of the Congo, Nigeria and Republic of the Congo. Chevron is involved in several projects in different stages of development, including:
Angola – A major development program is under way to significantly increase production from the Block 0 concession, located offshore adjacent to the Cabinda coastline. This includes Mafumeira Sul, the second stage of the Mafumeira field development.
Nigeria – In 2009, the second phase of the Agbami deepwater field development offshore Nigeria was initiated. When completed, the 10-well development program is expected to sustain a maximum production rate of 250,000 barrels per day.
Asia
Chevron is exploring for or producing oil throughout Asia, including Azerbaijan, Cambodia, China, Indonesia, Kazakhstan, the Partitioned Zone between Saudi Arabia and Kuwait, and Thailand. Major projects include:
Tengiz Sour Gas Injection and Second Generation Plant, Kazakhstan – This significant expansion project increased Tengizchevroil (TCO) production capacity by approximately 80 percent. Options are being evaluated for an expansion project similar in scale to this one.
Duri Field Expansion, Indonesia – Already one of the world's largest steamflood developments, the Duri Field continues to expand as projects are implemented to sustain production and increase oil recovery. The North Duri Development Area 12 expansion was completed in December 2010, and a final investment decision for Area 13 was reached in May 2010.
Wafra Field Steamflood Project, Partitioned Zone – In 2009, the second phase of a steamflood pilot project was commissioned at the Wafra Field in the Partitioned Zone. The project is designed to determine the technical and economic viability of thermal-recovery projects in the carbonate reservoir and, if successful, could significantly increase recoverability of the heavy oil.
South America
In South America, Chevron produces oil in Argentina, Brazil and Venezuela.
Chevron is investing in the sustained development of the Frade and Papa-Terra deepwater fields offshore Brazil. Frade, which started producing oil in 2009, is among the larger deepwater heavy oil projects in the world. The Papa-Terra Project, now under construction, is expected to be Chevron's largest investment in Brazil.
Chevron is one of the leading private oil companies in Venezuela. In February 2010, a Chevron-led consortium was selected to participate in a heavy oil project composed of three blocks in the Orinoco Belt.
North America
Chevron's U.S. portfolio is anchored by producing assets concentrated in California, the Gulf of Mexico, Louisiana, Texas, New Mexico, the Rocky Mountains and Alaska. The company was the third-largest hydrocarbon producer in the United States during 2010. Net oil-equivalent production in the United States during 2010 represented approximately one-fourth of the companywide total.
U.S. Gulf of Mexico Deepwater Projects – Chevron is one of the leading producers in the deepwater Gulf of Mexico. Key producing assets include Tahiti and Blind Faith, the company's deepest operated offshore production facility. Two major capital projects—Jack/St. Malo and Big Foot—reached final investment decision in 2010.
California, U.S. – Chevron is No. 1 in net daily oil-equivalent production in California, with heavy oil making up about 84 percent of production. The company uses steam to increase oil recovery. Heat management is a major operational focus in the recovery of these reserves, with emphasis on improved energy efficiency.
In Canada, Chevron has interests in the Athabasca oil sands projects in Alberta, exploration and development projects offshore in the Atlantic region, and exploration and discovered resource interests in the Mackenzie Delta and Beaufort Sea region of Canada's western Arctic.
Athabasca Oil Sands Expansion Project, Canada – This project achieved first production in 2010 and is expected to increase daily production capacity from oil sands to more than 255,000 barrels in early 2011.
Europe
Chevron has interests in 10 offshore producing fields in the United Kingdom, Denmark, the Netherlands and Norway. The company's operations in the North Sea have a track record of technological innovation, including horizontal drilling at the Captain Field, one of the first North Sea fields to use this technology.
For Businesses
Additives
Aviation
Base Oils
Business Opportunities
Chemicals
Energy Services
Fuels
Lubricants
Marine
Specialty Products
Supplier Diversity
Technology
Additives
Improving Lubricant and Fuel Performance
Our products help maximize the reliability, efficiency and lifespan of engines. We use the latest technology and research to deliver the products that keep the world moving.
Chevron Oronite
Chevron Oronite sells quality additives that improve the performance of lubricants and fuels used in drivelines, hydraulic components and engines.
Our lubricant additives are blended into refined base oils to produce finished lubricants used in cars, diesel trucks, buses, ships, locomotives and motorcycles. Lubricant additives made by Oronite dissolve deposits, inhibit corrosion, control oxidation, and reduce friction and wear. Improved engine performance results in fewer emissions and less impact on the environment
Aviation
Excellence From Refinery to Wingtip
Chevron has been a key player in aviation fuels for 85 years through its innovation, quality, reliability, service and trust.
Global Aviation
Commercial Aviation-Chevron supplies superior-quality jet fuels that meet or exceed stringent requirements for worldwide fuel handling and products standards set by industry and government groups, including The American Society of Testing and Materials (ASTM), The Coordinating Research Council and the United Kingdom Ministry of Defense.
General Aviation
General Aviation-Chevron supplies superior-quality jet fuels and aviation gasoline to Fixed Based Operators and Distributors. These are in compliance with worldwide fuel handling and products standards set by industry and government groups, including The American Society of Testing and Materials (ASTM), The Coordinating Research Council and the United Kingdom Ministry of Defence. Our jet fuels meet or exceed stringent requirements.
Aviation Support Services
Our Center of Operational Excellence is key to ensuring the delivery of superior-quality products and services to our customers worldwide in a safe, secure, environmentally sound, reliable and efficient manner.
General Aviation- The Chevron- and Texaco-branded General Aviation businesses provide state-of-the-art business support to its Fixed Based Operators and Distributors to help them run their business more effectively.
Premium Base Oils
Improving the Performance of Lubricants and Process Oils
Base oils are the building blocks used to manufacture lubricants, such as motor oils, for consumer and commercial uses.
Chevron's ISODEWAXING® catalyst revolutionized base oil quality. Virtually all of the world's premium base oils are produced using this isomerized dewaxing technology. Due to their high purity and great oxidation stability, Chevron premium base oils enable lubricant blenders to cut costs while meeting stringent new specifications for cleaner-burning engines.
We work closely with lubricant manufacturers, additive companies, equipment manufacturers and industry groups such as the American Petroleum Institute, European Automobile Manufacturers' Association, International Lubricant Standardization and Approval Committee, and Society of Automotive Engineers to advance industry standards that protect engine performance while enabling environmental compliance for new engine designs.
We produce premium base oils at two strategically located refineries, in Richmond, California, and Yeosu, South Korea. Preparations are under way at a third plant, at our refinery in Pascagoula, Mississippi. The facility is scheduled for startup by the end of 2013. When it is completed, Chevron will be positioned as the world's leading premium base oil suppler. Our premium base oils are shipped to regional supply hubs in the world's most significant lubricant markets.