Chevron Corporation operates in the integrated energy and chemicals sectors. Its upstream operations include exploring, developing, producing, and transporting crude oil and natural gas, as well as processing and transporting liquefied natural gas (LNG). Downstream operations involve refining crude oil into petroleum products, marketing fuels, lubricants, and renewable fuels, and manufacturing petrochemicals and additives. Chevron also engages in renewable energy projects, including carbon capture and hydrogen production initiatives.
Chevron generates revenue primarily through the production and sale of crude oil, natural gas, and refined petroleum products. Its primary customers include industrial, commercial, and retail clients globally. The company operates through various subsidiaries and affiliates, with significant activities in the United States, Australia, Kazakhstan, and several other countries. Key factors impacting Chevron's business performance include oil and gas prices, production volumes, refining margins, and operational efficiencies.