Must-know: An overview of Chevron Corporation

Must-know: An overview of Chevron Corporation

Keisha Bandz - Author

Nov. 26 2019, Updated 10:16 p.m. ET

Chevron Corporation

Chevron Corporation (CVX) is headquartered in San Ramon, California. It’s an energy company that engages in oil and gas exploration, production, refining, marketing, and transportation across more than 180 countries. It’s also involved in geothermal and chemical manufacturing and sales as well as power generation.

CVX’s operations are divided into two segments:

  1. Upstream
  2. Downstream

The upstream segment focuses on the exploration, development, and production of crude oil and natural gas.

The downstream segment engages in refining crude oil into petroleum products. Then, the petroleum products are marketed and transported through pipelines, marine vessels, motor equipment, and rail cars.

Chevron also engages in natural gas transportation, storage, and marketing.

Chevron’s upstream operations are mainly based in the U.S., Australia, Nigeria, Angola, Kazakhstan, and the Gulf of Mexico. Its downstream operations are based on the West Coast of North America, the U.S. Gulf Coast, southeast Asia, South Korea, Australia, and South Africa.

On October 31, CVX announced earnings for 3Q14. The quarter ended on September 30, 2014.

Key exchange-traded funds (or ETFs)

Chevron is a part of the Energy Select Sector SPDR Fund (XLE), the Vanguard Energy ETF (VDE), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the iShares U.S. Energy ETF (IYE).

In the next part of the series, we’ll discuss how CVX performed in 3Q14.

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