Texaco remained as a brand under the Chevron Corporation. Today Chevron is the owner of the Standard Oil trademark in 16 states in the western and southeastern U. Boschert concludes that "it's possible that Cobasys Chevron is squelching all access to large NiMH batteries through its control of patent licenses in order to remove a competitor to gasoline. The company's most significant areas of operations are the west coast of North America, the U.
Chevron Wins APPEA Award
It also produces a wide range of petrochemicals and polymers , owns interests in coal and mineral mining, and produces geothermal energy.
Headquarters are in San Ramon, California. In , when the U. Supreme Court dissolved the giant New Jersey-based Standard Oil combine, the California-based company became an autonomous entity with its own oil fields, pipelines, tankers, refineries, and markets.
Soon Socal, with wells and refineries extending from California to Texas, was the dominant oil company in the western United States. Socal began a new era of expansion overseas after company geologists discovered vast quantities of oil in Bahrain and Saudi Arabia in the early s.
In Socal brought the Texas Company Texaco into Casoc, and a joint marketing enterprise to sell the Middle Eastern oil was formed—the Caltex group of companies, owned jointly by Socal and Texaco. In Socal began operations in Louisiana and later offshore in the Gulf of Mexico. Canadian production began in Subsidiaries and affiliates later were formed in Libya, Nigeria , Spain, Indonesia , and elsewhere.
In order to maintain its oil and gas reserves, the renamed Chevron Corporation acquired Gulf Oil in in one of the largest corporate mergers of its time. Following this merger, Chevron operated in more than 90 countries, either directly or through affiliates.
In the company resumed the Chevron Corporation name and then purchased Unocal, which had significant oil and gas fields in the Gulf of Mexico and Asia. These mergers made Chevron the second largest oil company in the United States behind Exxon Mobil , though only about one-quarter of its oil and gas production was located in that country. We welcome suggested improvements to any of our articles. You can make it easier for us to review and, hopefully, publish your contribution by keeping a few points in mind.
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The Editors of Encyclopaedia Britannica. Learn More in these related Britannica articles: The Ecuadoran Supreme Court upheld this judgment in though it reduced the compensation for the…. The company moved there from its earlier headquarters at Market Street in San Francisco, California , where it was located since its inception in Chevron is also planning a new office tower in downtown Houston next to its existing properties at Louisiana Street.
Upon completion, it will be the fourth tallest building in Houston and the first story building constructed there in nearly 30 years. Condoleezza Rice is a former member of the board of directors, and also headed Chevron's committee on public policy until she resigned on January 15, , to become National Security Advisor to President George W. Texaco and Gulf Oil began operating in the Oriente region of Ecuador in as a consortium. In , the Ecuadorean government signed an agreement with Texaco accepting the clean-up as complete and absolving Texaco of any further responsibility.
That same year, an Ecuadorean scientific team took water and soil samples after Texaco left and found petroleum hydrocarbons at unsafe levels in almost half. The clean up was called "a sham" by critics. Chevron described the lawsuit as an "extortion scheme" and refused to pay the fine. In November , the international arbitration tribunal issued a partial award in favour of Chevron and its subsidiary, Texaco Petroleum Company. The tribunal has found Chevron is not liable for environmental claims in Ecuador.
In March , a United States district court judge ruled that the Ecuadorian plaintiff's lead attorney, Steven Donziger , had used "corrupt means," including "coercion, bribery, money laundering and other misconduct," to obtain the court verdict in Ecuador. The judge did not rule on the underlying issue of environmental damages.
While the US ruling does not affect the decision of the court in Ecuador, it has blocked efforts to collect damages from Chevron in US courts.
In April , AmazonWatch released videos reportedly sent from a whistleblower inside Chevron. The videos purportedly show employees and consultants finding petroleum contamination at sites in the Ecuadorean Amazon that the company claimed was cleaned up years earlier.
These videos were confirmed as legitimate by Chevron legal counsel. The company further stated that it is not possible to determine from the videos whether the sites shown are the responsibility of Chevron or its former partner, Petroecuador. According to Amazon Watch, the videos contain a map confirming that the sites are Chevron's, and contain footage of interviews with villagers known to live in the area for which Chevron is responsible. In September , an international tribunal ruled in favor of Chevron Corp finding that Ecuador had violated its obligations under international treaties.
Chevron continues to take oil from the Amazon region at large. In El Segundo was the single largest refiner in the U. In , Chevron's operations in Africa were criticized as environmentally unsound by Nigerian researchers, journalists, and activists. On October 16, , Chevron U.
In , Chevron was recognized by the environmental group Ceres for its efforts to reduce global warming by cutting its own emissions and investing in renewable energy technologies. Soon after, it began reducing its investments in renewables.
Cobasys LLC was a supplier of nickel metal hydride NiMH batteries, battery control systems, and packaged solutions for automotive applications, uninterruptable power supplies , telecommunications applications, and distributed power generation. After arbitration between the owners had stalled, a buyer was found. Sherry Boschert accused Chevron of limiting access to large NiMH batteries through its stake in Cobasys corporation and control of patent licenses in order to remove a competitor to gasoline.
The Cars that Will Recharge America , published in February , Sherry Boschert argues that large-format NiMH batteries are commercially viable but that Cobasys refuses to sell the batteries or license the technology to small companies or individuals. Boschert argues that Cobasys accepts only very large orders for the batteries.
Major automakers showed little interest in placing large orders for large-format NiMH batteries. Because no other companies were willing to place large orders, Cobasys was not manufacturing or licensing large format NiMH battery technology for automobiles. Boschert concludes that "it's possible that Cobasys Chevron is squelching all access to large NiMH batteries through its control of patent licenses in order to remove a competitor to gasoline. Or it's possible that Cobasys simply wants the market for itself and is waiting for a major automaker to start producing plug-in hybrids or electric vehicles.
Cobasys just needs an infusion of cash. They build a great battery". In October , International Acquisitions Services and Innovative Transportation Systems filed suit against Cobasys and its parents for failure to fill an order for large-format NiMH batteries to be used in the electric Innovan.
International filed suit against Cobasys, on the ground Cobasys did not tender the batteries it agreed to build for Mercedes-Benz's planned hybrid SUV. On May 28, , activists staged a demonstration and took several individuals hostage on a company oil platform in the Niger Delta , Nigeria. Nigerian police and soldiers were allegedly flown in with Chevron helicopters. Chevron had stated that the military intervention was necessary to protect the lives of its workers and considers the jury's decision vindication for the accusations of wrongdoing.
The embassy related that it had no independent confirmation of this claim. On March 25, , an explosion and fire at the refinery spread noxious fumes and sent hundreds of Richmond residents to hospitals. On August 6, , a large fire erupted at the refinery.
The reasons for the suit included "a continuation of years of neglect, lax oversight and corporate indifference to necessary safety inspection and repairs. On November 8, , Chevron came under fire by Brazilian authorities for its role in the spill of crude oil off of the southeastern coast of Brazil. The National Petroleum Agency later concluded that the spill did not cause significant economic damage, injured no one, and never approached Brazil's coast. The KS Endeavor jackup rig exploded on January 16, , while drilling an exploration well for Chevron in the Funiwa field in Nigeria.
The explosion resulted in the death of two of the workers on board and a fire that burned for 46 days before the well was sealed on June According to a Reuters news report, workers on the KS Endeavor were ignored by Chevron when they requested evacuation due to concerns of increasing smoke billowing from the drilling borehole.
A senior worker said the blowout was triggered by a massive build-up of pressure. A witness said that rig engineers advised Chevron to stop drilling and evacuate staff but Chevron told them to continue with drilling.
Expecting an explosion, the rig manager, one of the two that later died, kept the lifeboats at hand and ready for use.
Chevron stated that it was not conducting activities in the area in which the fire broke out. Chevron has experienced protests aimed at the company by local communities in Southern Poland when they started gas exploration in the region. Their complaint is that Chevron didn't provide all of the documents required for gas exploration in Poland, and that the company has not promised to share a percentage of the revenues with the local landholders.
The landholders of the region view Chevron's presence in the region negatively since they may be forced to sell their properties at a low cost if gas is discovered in the region. As well, potential environmental disasters are a concern for local farmers. Another of the residents' primary concern is water pollution from the chemicals used in fracking.
According to gas and oil expert Andrzej Szczesniak, one of the main reasons for the protest is the difference between Polish and American law. In Poland, the discovery of gas on private property usually results in a forced sale of the property, with the owner receiving only the prior value of the land and no percentage of the gas revenue. This is the result of outdated, Communist Era laws that are still on the books and which are often exploited by municipal governments if they can get a 'kick back' from a larger company.
After the decision of the Argentine government to regain control of the biggest oil company of the country, YPF , the search for foreign investors for exploitation of unconventional oil started. Finally in , YPF and Chevron signed an agreement for the Vaca Muerta oil field , the world's second-largest shale gas deposit.
Police fired rubber bullets, hitting some protesters. The police acted with seriousness and professionalism. In , Chevron received the Lifetime Award of the Public Eye on Davos for what the sponsors called Chevron's responsibility for environmental disaster in the Amazon. In a letter Chevron Corp. Securities and Exchange Commission 's consultation process, noting that its " Form K included a significant discussion of the potential risks of additional greenhouse gas emissions regulation following the outcome of the Paris Accord.
From Wikipedia, the free encyclopedia. This article is about the oil company mostly in the Americas. For similarly named companies, see Chevron. Logo in use since . Chevron's headquarters complex in San Ramon, California. Lago Agrio oil field. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. March Learn how and when to remove this template message.
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