Chevron Corp (NYSE: CVX)

Chevron Corporation manages its investments in subsidiaries and affiliates and provides administrative financial management and technology support to U. S. and international subsidiaries that engage in integrated energy and chemicals operations. Upstream operations consist of exploring for developing producing and transporting crude oil and natural gas processing liquefaction transportation and regasification associated with liquefied natural gas transporting crude oil by major international oil export pipelines transporting storage and marketing of natural gas carbon capture and storage and a gas-to-liquids plant. Downstream operations consist of refining crude oil into petroleum products marketing of crude oil refined products and lubricants manufacturing and marketing of renewable fuels transporting crude oil and refined products by pipeline marine vessel motor equipment and rail car and manufacturing and marketing of commodity petrochemicals plastics for industrial uses and fuel and lubricant additives.

The company generates revenue primarily from the sale of crude oil natural gas natural gas liquids refined petroleum products lubricants renewable fuels and petrochemicals. Revenue is earned through the production and marketing of hydrocarbons the refining and distribution of petroleum products and the manufacturing and sale of specialty chemicals and performance additives. Customers include industrial users transportation firms utilities and individual consumers worldwide.

The company operates through the following segments: Upstream Downstream and Chemicals.

• Upstream activities involve exploration development production and transportation of crude oil and natural gas including liquefied natural gas projects carbon capture and storage initiatives and gas-to-liquids facilities.

• Downstream activities include refining crude oil into gasoline diesel jet fuel and other petroleum products marketing of fuels lubricants and renewable fuels as well as manufacturing and marketing of commodity petrochemicals plastics and additives.

• Chemicals activities focus on developing manufacturing and marketing performance additives for lubricating oils and fuels producing olefins polyolefins and aromatics through joint ventures and investing in the specialty chemical and specialty plastics markets.

Chevron holds a strong position in the global petroleum and petrochemical industries competing with fully integrated majors such as ExxonMobil Royal Dutch Shell BP and TotalEnergies as well as independent refiners marketers and national oil companies. Its competitive advantages stem from a large diversified asset base integrated upstream downstream and chemicals operations technological expertise in deepwater and shale development and a commitment to lower carbon intensity through carbon capture renewable fuels and hydrogen initiatives.

The company serves individual consumers through its branded Chevron Texaco and Caltex service stations transportation firms utilities industrial manufacturers and aviation customers. Specific customer names are not disclosed in the filing.