Chevron Corporation is one of the leading integrated energy companies in the world. It engages in the exploration, production, and transportation of crude oil and natural gas; refining, marketing, and distribution of fuels and lubricants as well as the manufacture and sale of petrochemicals. The company’s reportable segments are Upstream (78% of 2018 earnings - exploration and production) and Downstream (22% - refining, marketing, and chemical manufacturing). As a global energy company, Chevron has substantial business activities in over 27 countries including the USA, Asia, UK, and Australia. The U.S. accounts for nearly 30% of the company’s earnings while international business constitutes the remaining 70%. The company owns assets worth $260 billion all around the globe comprising of conventional and unconventional crude oil and natural gas, heavy oil, LNG and deepwater assets. Chevron has a net oil-equivalent daily production capacity of 2.9 million barrels and 12.1 billion barrels of proved reserves. Its downstream and chemicals business is focused on petrochemicals, lubricants, and additives.
Investment Data
The S&P500 Dividend Aristocrats is the best list for filtering dividend stocks. This should be your starting point to create your core portfolio. Why should it be part of your core portfolio? It’s simple, the companies in the list must … Read more
Chevron Corporation (CVX) is one of the leading integrated energy companies in the world. It engages in the exploration, production, and transportation of crude oil and natural gas; refining, marketing, and distribution of fuels and lubricants as well as the … Read more