The company had market capitalization of $169 billion (Chevron Corp New CVX, 2) Sales and other operating revenue totaled $167 billion (Chevron Financial Highlights, 6).
Chevron is involved in most every aspect of the energy industry. They produce, explore, and transport crude oil and natural gas. They also refine, distribute, and market fuels and energy products. Another aspect of their business is manufacturing and selling petrochemical products. Generating power and producing geothermal energy are other tasks they undertake. For future benefits, the company explores new efficient energy solutions, and are constantly working on items such as biofuels and other renewable products (Chevron 2009 Annual Report, 8).
In the Petroleum Refining Industry, Chevron currently ranks number two in revenue and is only trailing Exxon Mobil. Exxon Mobil’s latest revenue stood at $285 million dollars, while Chevron’s figure was at $163 million dollars (Fortune 500, 1).
The company’s major competitors are Exxon Mobil, Royal Dutch Shell, and British Petroleum (Chevron Corp New CVX, 2). Other top competitors include Anadarko Petroleum, ConocoPhillips, Hess Corporation, Holly Corporation, Koch Industries, Marathon Oil, Total S.A., and PetroChina Co Ltd (Fortune 500 Global, 2).
For the future, Chevron has several stated objectives. One objective is with refining and marketing where the company hopes to improve returns and selectively grow with a focus on integrated value creation (Chevron 2009 Annual report, 7-8 ) A second objective is with renewable energy where Chevron seeks to invest in renewable energy technology and capture profitable positions (Chevron 2009 Annual Report, 7-8 )
The company core is with gas exploration and production. The company wishes to commercialize their equity gas to resource base while growing a high-impact global gas business. With regards exploration