Chevron Background

Topics: Natural gas, Caltex, Chevron Corporation Pages: 1 (293 words) Published: May 18, 2009
Chevron Corporation (NYSE: CVX)

Chevron is one of the world’s largest energy companies. It is based in San Ramon, California, U.S.A. and is active in over 100 countries. The Company takes part in every aspect of the oil and natural gas industry. Apart from the exploration, production, manufacturing, sales and power generation, Chevron also invests in “renewables” and advanced technology.

I chose to examine Chevron because it is an American company that has a large involvement in the Australian energy industry. Since I am a Study Abroad student from the U.S., I thought it would be fitting to examine an American company that is involved in the Australasian region.

Chevron is the prevalent holder of untapped natural gas resources in Australia. The company considers this to be an important asset in order to meet Asia’s rapidly growing need for energy. It is leading the development of a liquefied natural gas project located in the Greater Gorgon gas fields, and is also running an exploration program in Australia’s northwest region. In addition, Chevron owns 50 percent of the total interest in Caltex Australia Limited. Caltex is Australia’s leading oil refining and marketing company.

Chevron is extremely concerned with the issue of producing energy in environmentally responsible ways. From geothermal operations in Indonesia to photovoltaic facilities across the U.S., it makes great efforts in developing emerging sources of energy.

The Company places great value on business ethics. It conducts business in accordance with the highest standards and laws in countries where it operates. Employees are required to read and acknowledge that they will follow the Company’s “Business Conduct and Ethics Code” and are required to make a report of any questionable conduct to their superiors.
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