Owner Investor / Financier Operator Developer
Chevron Corporation is a U.S.-based integrated energy company headquartered in San Ramon, California. The company operates across the global oil and gas value chain, including exploration, production, liquefaction (LNG), refining, marketing, and logistics.
Chevron has a significant presence in chemicals. Through Chevron Phillips Chemical Company LLC—a 50/50 joint venture with Phillips 66—it manufactures olefins, polyolefins, aromatics, and specialty chemicals used in plastics and industrial applications. Chevron also produces and markets fuels, lubricants, base oils, and petrochemical feedstocks, and, via its Chevron Oronite business, supplies fuel and lubricant additives to automotive, industrial, and marine sectors.
The company is pursuing lower-carbon initiatives focused on renewable fuels (including renewable natural gas), hydrogen, carbon capture and storage, and methane emissions reduction, alongside efficiency improvements in its operations.
Also known as Union Oil Company of California, CVX, Chevron Corporation, Amerada Hess Corporation, Hess Corporation and 3 more.
chemXplore tracks 4 projects involving Chevron, of which 2 are active.
Besides these 2, the record holds 2 completed projects.
Closest to start-up first.
The 2 that are completed, on hold or cancelled are in the record. See all 4 in chemXplore →
Restructures Bakken contracts to cut unit midstream costs ~50%, transfers midstream ownership and DJ Basin assets for improved terms plus $200M, expects a $3–4B one-time after-tax loss; close by year-end 2026.
Reached R$700.08bn after an ultra‑deep‑water discovery off Amapá; shares jumped and production rose to nearly 3 million b/d.
Near‑field discovery to be fast‑tracked to production, adding 6,000 bpd; operator stakes in two nearby exploration blocks and a Benguela Basin farm‑in HoA.
Updated JV terms and added Orinoco acreage underpin plans to invest $7bn+, more than double output to ~600,000 b/d at under $20/boe over five years.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Entry into Namibia via PEL 90 gives access to a drill-ready Orange Basin prospect scheduled for testing in 2026; closing subject to regulatory approvals.
Oil and gas condensate found at Block 0’s 105-4X: >600 m column and >90 m net pay in the Pinda reservoir; potential tie-back to nearby facilities; partners hold 39.2–41% stakes.
IAPG study attributes revision to larger prospective area, thicker pay and higher recovery factor; export infrastructure and an incentives regime improve development conditions.
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