Chevron Corporation is a leading American multinational energy company specializing primarily in oil and gas, with integrated operations across exploration, production, refining, marketing, and transportation[2][3]. Founded originally in the 1870s as part of Standard Oil's California interests, it evolved through mergers with Gulf Oil in 1985 and Texaco in 2001 to become one of the world’s largest integrated energy companies[3]. Chevron operates globally in more than 180 countries, engaging in hydrocarbon exploration and production using advanced technologies in diverse environments such as deepwater offshore sites, shale formations, and conventional fields[2][3]. The company also runs extensive refining and petrochemical operations, producing fuels, lubricants, additives, and specialty chemicals distributed under brands like Chevron, Texaco, and Caltex[2][3]. As of 2025, Chevron’s market capitalization is approximately $309 billion, ranking it as the 38th most valuable company worldwide[1]. Its revenue is heavily weighted toward downstream activities, which accounted for about 75.7% of its fiscal 2024 revenue, reflecting a strong presence in refining, marketing, and transportation sectors[1]. Upstream production reached a record 3.3 million barrels of oil-equivalent per day in 2024, driven significantly by growth in the Permian Basin[1]. Chevron targets producing 1 million barrels per day in that basin by 2025[1]. Despite recent challenges—such as a 12.4% revenue decline and a 43.4% drop in net income year-on-year in Q2 2025—Chevron maintained a comparatively strong net margin of 5.61%[1]. Strategic moves like acquiring Hess Corporation (expected to close in 2025) aim to bolster its future growth and relevance[1]. In 2024, Chevron announced relocating its headquarters from California to Houston, Texas, and plans to reduce its workforce by 2