Term Paper
Contents History of Chevron 31 Chevron 34 Change in Company Logo over the years: 36 Description of Business & Functions 43 Industry & Competitor Analysis 55 Advantages of separating out strategic and operational procurement 59 Chevron Strategic sourcing stages 60 Five force model analysis of Chevron Procurement system 60
History of Chevron
Chevron International
California Star Oil Works
The first predecessor of Chevron was named California Star Oil Works. It took aim at Pico Canyon, a remote portion of the rugged Santa Susana Mountains in San Joaquin County. In September 1876, driller Alex Mentry succeeded in striking oil in Pico No. 4, despite rattlesnakes, wasps, mud and underbrush. Pico No. 4 was the first successful oil well in California. It launched California as an oil producing state and demonstrated the spirit of innovation, ingenuity, optimism and risk-taking that has marked the company ever since.
Pacific Coast Oil Company
Lacking the capital it would need to seize marketing opportunities in this growing area, California Star was acquired by the Pacific Coast Oil Company on Sept. 10, 1879. Colonel Charles Felton, Coast Oil’s president, had incorporated the company less than seven months earlier, on Feb. 19, 1879.
Within the next year, Coast Oil built California’s largest and most modern refinery, with a capacity of 600 barrels a day, at Point Alameda on San Francisco Bay; constructed a pipeline that linked Pico Canyon with the Southern Pacific’s train station at Elayon in southern California, and undertook an extensive, largely successful drilling program.
In 1895, it initiated the company’s enduring marine history when it launched California’s first steel tanker, the George Loomis, which could ship 6,500 barrels of crude between Ventura and San Francisco.
Standard Oil Company (Iowa)
In 1878, Standard Oil Company opened a three-person, second-story office in San Francisco. Despite its modest trappings, Standard
History of Chevron
Chevron International
California Star Oil Works
The first predecessor of Chevron was named California Star Oil Works. It took aim at Pico Canyon, a remote portion of the rugged Santa Susana Mountains in San Joaquin County. In September 1876, driller Alex Mentry succeeded in striking oil in Pico No. 4, despite rattlesnakes, wasps, mud and underbrush. Pico No. 4 was the first successful oil well in California. It launched California as an oil producing state and demonstrated the spirit of innovation, ingenuity, optimism and risk-taking that has marked the company ever since.
Pacific Coast Oil Company
Lacking the capital it would need to seize marketing opportunities in this growing area, California Star was acquired by the Pacific Coast Oil Company on Sept. 10, 1879. Colonel Charles Felton, Coast Oil’s president, had incorporated the company less than seven months earlier, on Feb. 19, 1879.
Within the next year, Coast Oil built California’s largest and most modern refinery, with a capacity of 600 barrels a day, at Point Alameda on San Francisco Bay; constructed a pipeline that linked Pico Canyon with the Southern Pacific’s train station at Elayon in southern California, and undertook an extensive, largely successful drilling program.
In 1895, it initiated the company’s enduring marine history when it launched California’s first steel tanker, the George Loomis, which could ship 6,500 barrels of crude between Ventura and San Francisco.
Standard Oil Company (Iowa)
In 1878, Standard Oil Company opened a three-person, second-story office in San Francisco. Despite its modest trappings, Standard