Chevron Texaco - Business Report

ChevronTexaco Corporation ChevronTexaco Corporation is the creation of the 2001 merger of California-based Chevron Corporation, one of the umpteen progeny of the Standard Oil Trust, and Texaco Inc., a caller-out whose memoir traces back to the early boom years of the Texas rock oil industry. The cardinal firms histories previously began to intertwine in the 1930s with the formation of the Caltex and Aramco ventures in the Middle East. ChevronTexaco began its existence as the number two U.S.-based co-ordinated oil company ( foot Exxon Mobil Corporation) and number four in the world, behind Exxon Mobil, BP p.l.c., and Royal Dutch/Shell Group. The company had some 11.5 jillion barrels of oil and gas reserves and had daily outturn of 2.7 million barrels. Major producing areas included the Gulf of Mexico, California, Texas, Canada, Kazakhstan, Argentina, Angola, Nigeria, Republic of Congo, Venezuela, Australia, Indonesia, Thailand, China, Papua unseasoned Guinea, the North Sea, and the Middle East. On the downstream side, ChevronTexaco operated 22 refineries close to the world and more than 25,000 service stations on sextuplet continents under such brands as Chevron, Texaco, Caltex, Delo, and Havoline.

Within the United States, the companys marketing operations were stiffest in the western, southwestern, and southern regions of the country. Among the companys other(a) operations and interests were a 50 percent interest in Chevron Phillips Chemical Company LLC, a major petrochemical producer (the other 50 percent was held by Phillips Petroleum Corporation); fairness interests in 47 power projects worldwide; and a 27 percent stake in Dynegy, Inc., a marketer and dealer of energy products, including electricity, natural gas, and coal. The Chevron side of the corporation grew from its minuscule California origins in the late 19th century to find out under ones skin a major power in the international oil market. Its dramatic discoveries in Saudi Arabia gave Chevron a strong position in the worlds largest oil region... If you want to get a full essay, order it on our website: Ordercustompaper.com

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