Chevron is one of the world’s leading integrated energy companies. It is involved in virtually every facet of the energy industry. The firm explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides renewable energy and energy efficiency solutions; and develops the energy resources of the future, including research into advanced biofuels. The California- headquartered firm employs 61,900 people worldwide. It also has the Texaco and Caltex brands.
It is a significant player in global shale gas exploration, having recently, for instance signed a $10 billion gas production and sharing deal with the government of the Ukraine.
Natural gas is a growing segment of Chevron’s energy portfolio. Its natural gas resources span six continents, with significant holdings in Africa, Australia, Southeast Asia, the Caspian region, Latin America and North America. Chevron’s net production in 2012 was about 5.07 billion cubic feet of natural gas per day, including equity shares in affiliates, and it expects to substantially increase this volume over the next decade.
Chevron is engaged in every aspect of the natural gas business—production, liquefaction, shipping, regasification, pipelines, marketing and trading, power generation, and gas-to-liquids (GTL).
Project Experience Includes:
Chevron holds the largest natural gas resource position in Australia through the Gorgon and Wheatstone projects and the North West Shelf Venture. It also has significant natural gas holdings in western Africa, Bangladesh, China, Indonesia, Kazakhstan, North America, the Philippines, South America, Thailand, the United Kingdom and Vietnam.
Chevron continues to add more shale gas acreage to its portfolio.
The company’s shale gas portfolio includes acreage in Pennsylvania, western Canada and Eastern Europe. In 2012, Chevron added acreage in New Mexico and Lithuania, providing further opportunities to explore for shale and unconventional resources.