All rights reserved.Over the past three years, Chevron has invested more than $170 million in education partnerships and programs in the United States. The final two were delivered in 2017. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Energy that is affordable, reliable and ever-cleaner.Our greatest resource is our people. Chevron Corporation is one of the world's leading energy companies. Chevron is the second-largest integrated energy company headquartered in the United States. Chevron also launched the Future Energy Fund with an initial $100 million commitment targeted at reducing emissions. Energy that is affordable, reliable and ever-cleaner.Using the latest technology, Chevron continues to make major discoveries in the United States while maintaining strong production in mature fields.At the end of 2018, Chevron was the second-largest leaseholder in the Gulf of Mexico.Chevron’s story dates back to an 1876 oil discovery at Pico Canyon in the Santa Susana Mountains, north of Los Angeles. That same year, Texaco purchased Getty Oil and gained 1.9 billion barrels in proved reserves of crude oil and 2.8 trillion cubic feet of natural gas reserves.Chevron has a 15.6 percent nonoperated working interest in the Mad Dog Field, where net daily production in 2018 averaged 8,000 barrels of liquids and 1 million cubic feet of natural gas. We invest in partnerships at every stage—from early education through employment—all with a special focus on cultivating programs in science, technology, engineering and math (STEM). Wherever Chevron operates, the company strives to build lasting relationships to create prosperity now and for decades to come. First oil is expected in 2021.Chevron supports a broad range of programs across the United States:In the Permian Basin, Chevron deploys its proprietary technologies in exploration, resource characterization, well drilling and completion in operations at the company’s extensive unconventional resources. Total potentially recoverable oil-equivalent resources are estimated to exceed 500 million barrels.Gas-fired cogeneration facilities produce electricity and steam and use recovered waste heat to support enhanced oil recovery operations.Here are some other highlights of our U.S. operations:In January 2019, the company signed an agreement to acquire a refinery located in Pasadena, Texas.The Gas Supply and Trading (GSAT) group helps maximize the value of Chevron’s equity natural gas, LPG, NGLs and LNG globally. The Company offers gasoline, diesel, motor oils, fuel additives, and automotive transmission fluids. The find led to the 1879 formation of Chevron’s earliest predecessor, the Pacific Coast Oil Co.Our renewable operations consist of wind, geothermal and solar assets, including interests in geothermal and solar joint ventures in Arizona, California and Texas.In 2018, net daily production at the 58 percent-owned and operated Tahiti Field averaged 51,000 barrels of crude oil, 22 million cubic feet of natural gas and 3,000 barrels of NGLs. These companies and other members of the Chevron family have been instrumental in transforming the oil business into today’s global energy industry.With our business and social investments, we boost economies in the areas where we operate by creating jobs, improving livelihoods and supporting local businesses.Chevron’s capital spending on exploration and development of the approximately 1.7 million net acres (6,880 sq km) of shale and other tight resources in the Midland and Delaware basins is focused on horizontal wells with multistage fracture stimulation.Stampede is a joint development of the Knotty Head and Pony fields, in Green Canyon. Chevron markets aviation fuel at airports and terminals in the United States and also supplies, through resellers, many general aviation locations.For more than a dozen years, our Richmond Refinery has supported RichmondBUILD, a pre-apprenticeship program focused on developing talent and skill in the high-growth, high-wage construction and renewable energy fields.
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