|
Go To |
Headquarters:
Website: http://www.chevron.com Chevron Corp. ranks among the world's largest and most competitive global energy companies. Headquartered in San Ramon, CA and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation in the U.S. and Asia. The company sells its petroleum products under three well-known brands - Chevron, Texaco and Caltex. The Chevron brand is used primarily in North America; the Texaco brand primarily in Latin America, Europe and western Africa as well as North America; and the Caltex brand primarily in eastern Africa, Asia, the Middle East, Australia and New Zealand. In the U.S. and Canada, it operates 8,000 service stations. Chevron also has a marketing network that supports approximately 26,500 retail outlets - including those of affiliate companies - in nearly 90 countries. The company has interests in 16 power-generating assets in the United States and Asia, three of which were added with the Unocal acquisition in 2005. In 2009, Chevron reported revenues of $167 billion, down from $265 billion in 2008. The decrease was primarily due to lower prices for crude oil, natural gas and refined products. Net income was $10.8 billion. The company added approximately 1.10 billion barrels of net oil- equivalent proved reserves in 2009. Net oil production was 2.78 million barrels per day at the end of 2009. The company said it will restructure this year due to lower earnings and cut an undetermined number of jobs. History The company traces its earliest roots to an 1879 oil discovery at Pico Canyon, north of Los Angeles, a find that led to the formation of the Pacific Coast Oil Co., which later evolved into the Standard Oil Co. of California and, later, Chevron Corp. Another major root in the genealogical chart is the 1901 formation of The Texas Fuel Co. in Beaumont, Texas. It later became known as The Texas Co. and, eventually, Texaco Inc. In 2001, these entities merged to form ChevronTexaco. The name was changed to Chevron in 2005 to present a more unified presence in the global marketplace. Chevron acquired the Unocal Corporation in 2005, an independent gas and oil exploration firm, in a deal valued at $18 billion. The deal added 1.5 billion barrels of oil reserves. Chevron was added to the Dow Jones Industrial Average Index in February 2008. Benefits - Pay - Chevron pays salaries that are competitive with other major energy companies. - Success sharing - When the company and your operating unit succeed in meeting predetermined goals, such as Total Shareholder Return (TSR) and safety, you're rewarded with extra cash, up to 10 percent of your base pay. - Retirement Plan - This plan provides a defined benefit that, if you're eligible, you can receive after your employment ends. - 401(k) - The Employee Savings Investment Plan provides a convenient way to save for retirement. You contribute before-tax or after-tax dollars to your account and can choose from a variety of investment options. As long as you contribute 2 percent of your pay, you receive an 8 percent-of-pay match to your account. - Recognition and Awards (R&A) Program - Employees receive recognition for outstanding achievements, including cash and noncash awards ranging in value from $25 to $15,000. - Health and fitness - Take advantage of fitness centers at our major locations (some of which are open to families) and a variety of health-oriented programs. - Medical plans - Medical plans are offered in all locations. Chevron shares the cost of the coverage. All plans cover preventive care, such as routine physical exams, well-child care and immunizations, and provide coverage for prescription drugs. - Dental Plans - Our dental plans cover preventive, basic and major dental care. - Domestic partner benefits - Same-sex or opposite-sex domestic partners are eligible for benefits, including medical, dental, life and accident insurance and relocation assistance. - Mental Health/Substance Abuse Plan - This plan gives you access to counselors and treatment facilities if you or your family members have mental health issues or experience substance abuse problems. The company pays the entire cost of coverage and you are automatically enrolled. - Employee Assistance and WorkLife Services - This resource provides help and counseling to resolve workplace issues and challenges in your personal life. You can also access local programs and resources, such as tools that screen for depression or alcoholism. - Flexible Spending Account Plan - This plan allows you to set aside before-tax dollars to pay for health care or dependent care expenses. - Insurance - Basic Life Insurance and accident insurance are offered at no cost. Plus, if you're eligible, you may purchase a variety of additional insurance including additional life insurance for you and your family, additional accident insurance, long-term care insurance and Group Auto and Home Insurance. - Disability benefits - You'll have both short-term and long-term disability benefits in case you're injured and are unable to work for an extended period of time. - Vacation - You'll have up to six weeks of paid vacation each year, depending on how long you've been with the company. - Holidays - Ten paid holidays are scheduled each year and vary based on location and local custom. - Flexible work schedules - These schedules were designed to help employees balance the demands at work with demands in their personal lives. - Flex time allows you to vary your start and end time as long as you work core business hours. - Job sharing allows two employees to share responsibilities of one full-time job. - A compressed workweek schedule lets you work 40 hours in fewer than five workdays each week. For example, you could work 80 hours in nine days and have a day off every other week. Updated January 29, 2010 |