Chevron - People also ask

Chevron is an integrated energy company: it finds and produces oil and natural gas ("upstream"), then refines, transports and sells fuels, lubricants and chemicals ("downstream"). Its biggest production assets include the Permian Basin in Texas and New Mexico, the Tengiz field in Kazakhstan, the Gorgon and Wheatstone LNG projects in Australia, the US Gulf of Mexico and, since the Hess deal, a 30% stake in Guyana's offshore Stabroek Block. It also sells fuel through Chevron and Texaco branded stations and co-owns Chevron Phillips Chemical. Sources: Chevron, Wikipedia.

Nobody owns Chevron outright: Chevron Corporation is a publicly traded company listed on the New York Stock Exchange under the ticker CVX, and it is one of the 30 stocks in the Dow Jones Industrial Average. Its largest shareholders are the big index fund managers, BlackRock, Vanguard and State Street, each holding very roughly 7 to 9% depending on how their funds are counted. Berkshire Hathaway is also a major holder: its 13F filing for the quarter ended June 30, 2026 showed about 84.4 million Chevron shares, after Berkshire cut the position by about 35% in the first quarter of 2026. Sources: SEC 13F filings, Kiplinger, Simply Wall St.

No. It is one of the most common mix-ups, but the two companies have nothing in common except the first letters. Chevrolet is a car brand owned by General Motors, named after the Swiss-born racing driver Louis Chevrolet and founded in Detroit in 1911. Chevron is an oil company descended from Standard Oil of California, which adopted the Chevron name as its corporate name in 1984. Chevrolet's "bowtie" logo and Chevron's V-shaped "chevron" logo are also unrelated. More on the car brand on our [Chevrolet](/en/brands/chevrolet/) page.

The Chevron doctrine comes from a 1984 US Supreme Court case, Chevron U.S.A., Inc. v. Natural Resources Defense Council, which involved an EPA air-pollution rule that Chevron supported. It told federal judges to defer to a government agency's reasonable interpretation of an ambiguous law. For 40 years it shaped how courts treated rules from agencies like the EPA or the SEC. On June 28, 2024, the Supreme Court overruled it in Loper Bright Enterprises v. Raimondo, ruling that judges must decide for themselves what a statute means. The doctrine is named after the company only because Chevron was a party to the case; it is a legal concept, not a company policy.

Chevron is headquartered in Houston, Texas (1400 Smith Street), the address on its recent SEC filings. In August 2024 the company announced it would move its head office from San Ramon, California, where it had been based for decades, to Houston, with corporate functions migrating there over several years. California operations roles remain in San Ramon. Sources: Chevron, SEC filings, ABC7.

Mike Wirth (Michael K. Wirth) has been chairman and CEO of Chevron since February 1, 2018. A chemical engineer who joined Chevron in 1982, he spent much of his career in refining and marketing. In 2023 the board waived the company's mandatory retirement age of 65 so that he could stay on, and the 2026 proxy statement still lists him as chairman and CEO. Sources: Chevron, SEC proxy statement 2026.

Chevron shares reached all-time highs in mid-October 2026, as reported by The Motley Fool and Investing.com. The main backdrop is the oil price: US crude topped $100 a barrel around October 16 after a new wave of attacks on tankers near the Strait of Hormuz (CNBC), and higher crude prices generally lift the earnings of oil producers. This page explains the news; it is not investment advice, and past share moves say nothing about future ones. Background on the crisis: [Strait of Hormuz crisis 2026](/en/strait-of-hormuz-crisis-2026/) and the [2026 oil shock](/en/gas-prices-2026-oil-shock/).

Chevron is scheduled to publish its third-quarter 2026 results on Friday, October 30, 2026, before the US market opens, followed by a conference call with analysts the same morning. The release and webcast are posted on Chevron's investor relations site. The quarter covers July to September 2026. Sources: Chevron, Unusual Whales.

Yes. Chevron completed its all-stock acquisition of Hess Corporation on July 18, 2025, a deal valued at about $53 billion when it was announced in October 2023. Closing took almost two years because ExxonMobil and CNOOC claimed a right of first refusal over Hess's stake in Guyana; an arbitration panel of the International Chamber of Commerce ruled for Hess and Chevron, and the deal closed within days. Chevron now holds 30% of Guyana's Stabroek Block, which ExxonMobil operates with 45% alongside CNOOC with 25%. Sources: Chevron, Argus, Reuters.

Texaco belongs to Chevron. Chevron acquired Texaco in October 2001 and the combined company was called ChevronTexaco until 2005, when it went back to simply Chevron. Texaco survives as a fuel brand: many US gas stations still fly the red Texaco star, and Chevron sells Texaco-branded lubricants. In other words, filling up at a Chevron or a Texaco station in the US puts fuel from the same group in your tank, sold under two brand names. Sources: Chevron, Wikipedia.

Chevron traces its roots to 1879 and the Pacific Coast Oil Company in California. That business became part of John D. Rockefeller's Standard Oil and, after the 1911 break-up of the trust, emerged as the independent Standard Oil Company of California (Socal). Socal bought Gulf Oil in 1984, then the largest merger in history, and took the corporate name Chevron the same year. Later deals added Texaco (2001), Unocal (2005), Noble Energy (2020), PDC Energy (2023) and Hess (2025). Sources: Chevron, Wikipedia.

Yes. In February 2025 Chevron announced it would cut 15% to 20% of its global workforce by the end of 2026, as part of a plan to reduce costs by about $3 billion and simplify its organisation. At the end of 2023 it employed about 40,000 people excluding retail station staff, so the plan represents up to roughly 8,000 jobs. Cuts have included about 600 positions in California tied to the move to Houston. Sources: Reuters, CNN.

Yes. Chevron is the main US oil company still operating in Venezuela, through joint ventures with the state company PDVSA, under licences from the US Treasury that have changed several times since 2022. In September 2026 Chevron confirmed an expansion: two additional Orinoco Belt fields and a plan to invest more than $7 billion over five years, with a goal of roughly doubling output from about 280,000 to 600,000 barrels a day by 2031. Analysts caution that rebuilding Venezuela's oil industry will take years. Source: CNBC.

No, it is number two. ExxonMobil is the largest US oil company by market value and production, with Chevron second. Globally, Chevron sits among the "supermajors" alongside ExxonMobil, Shell, BP and TotalEnergies, while state-owned groups such as Saudi Aramco are larger still. Sources: company filings, Wikipedia.