Chevron Corporation is an integrated energy and chemicals company conducting upstream operations that include exploring for, developing, producing, and transporting crude oil and natural gas; liquefied natural gas processing and transport; carbon capture and storage; and a gas-to-liquids plant. Downstream operations encompass refining crude oil into petroleum products, marketing fuels, lubricants, and renewable fuels, manufacturing petrochemicals and lubricant additives, and transporting products via pipeline, marine vessel, motor equipment, and rail.
Chevron competes against major integrated global petroleum companies, independent operators, and national petroleum companies in both upstream and downstream sectors. The company's stated strategy is to safely deliver lower-carbon energy by growing its oil and gas business, reducing the carbon intensity of operations, and developing new energies businesses. Petroleum industry economics are driven by supply-and-demand dynamics shaped by OPEC production levels, macroeconomic conditions, weather, energy transition pace, and government taxation and environmental policy.
Reportable Segment Aggregation Before Other Operating 100% · All Other Segments 0%
business segments · FY2025 (ended Dec 2025) · share of tagged segment revenue (10-K XBRL, as filed)