General presentation of Chevron
If you want to analyse Chevron's share price on the stock market, you need to know about the company and its major activities in the sector. We would like to give you a detailed overview of the company, its activities and its major sources of income so that you can analyse its financial results and share price before buying or selling the stock.
Chevron Corporation is one of the world's major oil and gas companies, with a presence in over 180 countries. Founded in 1879, the company is a global leader in the exploration, production, refining and marketing of crude oil and natural gas.
Chevron's revenue is mainly generated by refining and distribution, which will account for 71.6% of its revenue in 2021. The group has eight refineries that produce 1.8 million barrels of product sold per day, as well as a network of nearly 13,900 service stations under the Chevron, Texaco and Caltex banners worldwide. Chevron also has oil and natural gas transportation, petrochemical and plastics production operations.
In 2021, oil and natural gas exploration and production accounted for 28.3% of Chevron's revenue. The company produced 3.1 million barrels of crude oil, 1.8 million barrels of liquefied natural gas and 218.3 million cubic metres of natural gas per day. Chevron has also invested in exploration and production projects around the world, including in Kazakhstan, Australia, Nigeria and Angola.
Finally, Chevron generates 0.1% of its turnover from other activities, including power generation. In 2021, 55.9% of Chevron's turnover was generated internationally, which underlines the company's importance in the oil sector.
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