Formation of Pacific Coast Oil Company
Chevron's origins trace back to the formation of the Pacific Coast Oil Company in 1879, which was the first significant oil company in California.
1879
1906
Standard Oil Acquires Pacific Coast Oil Company
The Pacific Coast Oil Company was acquired by Standard Oil, becoming a significant part of what would later evolve into Chevron.
1911
Dissolution of Standard Oil
Following the U.S. Supreme Court's decision to dissolve Standard Oil, Pacific Coast Oil Company became Standard Oil Company of California (SOCAL), a major precursor to Chevron.
1933
Concession in Saudi Arabia
SOCAL obtained a concession in Saudi Arabia, which led to the discovery of vast oil reserves, significantly boosting Chevron's future growth.
1948
Formation of ARAMCO
SOCAL, along with Texaco, Standard Oil of New Jersey, and Socony-Vacuum, formed the Arabian American Oil Company (ARAMCO), further cementing Chevron's influence in the Middle East.
1984
Acquisition of Gulf Oil
Chevron acquired Gulf Oil, one of the largest mergers in history at the time, significantly expanding Chevron's resources and market presence.
2001
Merger with Texaco
Chevron merged with Texaco to form ChevronTexaco, creating one of the world's largest energy companies.
2005
Rebranding to Chevron Corporation
The company dropped the Texaco name and rebranded as Chevron Corporation, unifying its operations under a single brand.
2010
Acquisition of Atlas Energy
Chevron acquired Atlas Energy, gaining significant natural gas resources in the Marcellus Shale, enhancing its natural gas portfolio.
2011
Australia LNG Projects
Chevron made significant investments in Australia, particularly in the Gorgon and Wheatstone LNG projects, positioning itself as a key player in the global LNG market.
2015
Chevron's Big Foot Project
Chevron commenced production from its Big Foot project in the deepwater Gulf of Mexico, one of the largest and most complex oil developments in the region.
2018
Chevron's Tengiz Expansion
Chevron announced a major expansion of the Tengiz oil field in Kazakhstan, expected to significantly increase production capacity.
2020
Acquisition of Noble Energy
Chevron acquired Noble Energy, enhancing its portfolio with additional assets in the Eastern Mediterranean and the U.S. shale sector.
2021
Chevron's Climate Commitments
Chevron announced its commitment to achieving net-zero greenhouse gas emissions from its upstream operations by 2050, aligning with global climate goals.
2023
Expansion in Renewable Energy
Chevron made significant investments in renewable energy projects, including solar and wind, as part of its strategy to diversify its energy portfolio and reduce carbon emissions.
