Chevron Corporation is a leading American multinational energy company primarily focused on oil and gas. It is one of the largest and oldest integrated energy firms globally, tracing its origins to the 1870s in Southern California as part of Standard Oil. Over time, Chevron evolved through mergers, notably with Gulf Oil in 1985 and Texaco in 2001, establishing itself as a powerhouse in hydrocarbon exploration, production, refining, marketing, chemicals manufacturing, and power generation across more than 180 countries[1]. Chevron operates vertically across the entire oil and gas value chain and has significant production footprints, especially in the Permian Basin, which recently achieved a record of over 1 million barrels per day. The company reported record-breaking quarterly performance in 2025, with U.S. and global production reaching new highs and refinery throughput hitting a 20-year peak. Despite lower crude prices, Chevron’s free cash flow increased by 15% quarter-over-quarter, demonstrating strong financial health supported by a double-A credit rating and a net debt ratio of 14%[2]. Chevron’s headquarters, originally in San Francisco and later San Ramon, California, are relocating to Houston, Texas, as of August 2024, signaling a strategic shift closer to the energy industry hub[1]. The company is actively investing to sustain and grow production, emphasizing a balance between expansion and free cash flow generation to maintain shareholder returns. Chevron plans to reduce its workforce by 20% by the end of 2026 to cut payroll expenses by $2 to $3 billion, reflecting efforts to optimize costs amid evolving market conditions[1]. Notable aspects of Chevron include its historical significance as one of the original "Seven Sisters" that shaped the global petroleum industry and its continued leadership in technological advancements in hydrocarbon extraction and refining. Chevron’s integrated operations and financial discipline position it as a dominant player navigating the complexities of the modern energy landscape[1][2].