Chevron

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Posted by pompos 02/28/2009 @ 15:40

Tags : chevron, energy and water, business

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Slidell-area Chevron robbed Monday morning - The Times-Picayune - NOLA.com
A robber threatened to kill a clerk at a Chevron station near Slidell on Monday morning before fleeing with cash from the gas station, authorities said. The man went into the gas station near US 11 west of Slidell about 2:30 am, physically forced the...
Top Proxy Voting Advisors Recommend Teamsters' Country Selection ... - PR Newswire (press release)
8 on the proxy card, goes to a vote at Chevron's May 27, 2009 annual meeting of shareholders. "We're very pleased that both RiskMetrics Group and PROXY Governance, Inc. are supporting our call for Chevron to be transparent about the standards it uses...
Chevron hikes oil prices - Inquirer.net
By Abigail Kwok MANILA, Philippines -- Chevron Phil. (formerly Caltex) will increase its oil prices 6 am Tuesday, following the price adjustments earlier implemented by some oil companies. Chevron announced that it will increase the prices of its...
Chevron studying refinery shutdown - San Jose Mercury News
Chevron Corp. will decide if its 54000-barrel-a-day oil refinery at Campbell Industrial Park should be converted into a terminal for distribution of products shipped to Oahu. The San Ramon, Calif.-based company said it is simply reviewing how best to...
Companies hiring the right college graduates, US - Product Design & Development
One company that learned its lesson is Chevron Corp. For a period of time the company discontinued its on-campus recruiting. Then two years ago, it found itself with a shortage of middle-aged midlevel managers. In 2007 and 2008, the company hired 12000...
Solar's New Important Players: Chevron, Lockheed Martin - Seeking Alpha
By Daniel Englander Depending on whom you ask, Bechtel, Chevron (CVX) and Lockheed Martin (LMT) are either three of the most respected or most reviled companies in Corporate America. They employ thousands of people; provide technology and resources...
Total and Chevron appear to have a major offshore oilfield in ... - Gerson Lehrman Group
Total's interest is 53.5% and Chevron Overseas Congo owns 31.5%. Remaining 15% interest belongs to Societe Nationale des Petroles du Congo. Total has drilled half of all wells in Congo and is running oil from 15 fields. The company has discovered 65%...
OIL FUTURES: Nymex Crude Rises On Nigeria Supply Concern - Wall Street Journal
Chevron Corp. (CVX) over the weekend said its operations continued as normal. But Royal Dutch Shell PLC (RDSA) reiterated Monday it is investigating a report that one of its facilities was attacked. "The fighting in Nigeria seems to have given the...
When Chevron Hires Ex-Reporter to Investigate Pollution, Chevron ... - New York Times
By BRIAN STELTER What did Chevron do when it learned that “60 Minutes” was preparing a potentially damaging report about oil company contamination of the Amazon rain forest in Ecuador? It hired a former journalist to produce a mirror image of the...
BofA, Fifth Third and Chevron Drop - Wall Street Journal
By GEOFFREY ROGOW NEW YORK -- Stocks ended a volatile week lower on Friday as a slide by life insurers and Fifth Third hurt financials, and a drop in crude-oil prices hit energy companies like Chevron. Bank of America fell 64 cents, or 5.7%, to $10.67,...

Chevron Corporation

Chevron Logo.svg

Chevron Corporation (NYSE: CVX) is the world's fourth largest non-government energy company. Headquartered in San Ramon, California, USA, 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 transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's six "supermajor" oil companies.

The company is in its 125th anniversary in 2004, tracing its roots to an oil discovery in Pico Canyon (now the Pico Canyon Oilfield) north of Los Angeles. This find led to the formation, in 1879, of the Pacific Coast Oil Company, the oldest predecessor of Chevron Corporation. Another side of the genealogical chart points to the 1901 founding of The Texas Fuel Company, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. This company would later become known as Texaco.

Chevron Corporation was originally known as Standard Oil of California, or SoCal, and was formed amid the antitrust breakup of John D. Rockefeller's Standard Oil company in 1911. It was one of the "Seven Sisters" that dominated the world oil industry during the early 20th century. In 1933, Saudi Arabia granted SoCal a concession to find oil, which occurred in 1938. In the early 1950s, SoCal discovered the world's largest oil field (Ghawar) in Saudi Arabia. SoCal's subsidiary, California-Arabian Standard Oil Company, evolved over the years, becoming the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis and in 1988, the name was changed to Saudi Arabian Oil Company (Saudi Aramco).

In 1984, the merger between Standard Oil of California and Gulf Oil was the largest merger in history at that time. Because of its size, SoCal divested many of Gulf's operating subsidiaries and sold some Gulf stations and a refinery in the eastern United States to satisfy U.S. antitrust requirements. As part of the merger, SoCal changed its name to Chevron Corporation.

In June 1998 Dynegy, Inc. (NYSE: DYN) was created from the merger of Chevron's former natural gas and natural gas liquids businesses with Dynegy's predecessor, NGC Corp. (formerly NYSE: NGL). NGC had been an integrated natural gas services company around since 1994.

In a merger completed February 1, 2000, Illinova Corp. (formerly NYSE: ILN) became a wholly-owned subsidiary of Dynegy Inc., in which Chevron also took a 28% stake.

In 2001, Chevron Corporation acquired Texaco to form ChevronTexaco.

On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco remains as a brand name under the Chevron Corporation. On August 19, 2005, Chevron acquired the Unocal Corporation. Because of Unocal's large South East Asian geothermal operations, this made Chevron the world's largest producer of geothermal energy.

Chevron employs approximately 59,000 people worldwide (of which 27,000 are U.S.-based) and had approximately 12 billion barrels (1.9 km³) of oil-equivalent net proved reserves at December 31, 2003. Daily production in 2003 was 2.5 million net oil-equivalent barrels (400,000 m³) per day. In addition, the company had a global refining capacity at year-end 2003 of 2.2 million barrels (350,000 m³) of crude oil per day. The company has a worldwide marketing network in 84 countries with approximately 24,000 retail sites, including those of affiliate companies. The company also has interests in 13 power generating assets in the United States, Asia, and Europe. Chevron also has gas stations in Western Canada.

Chevron was headquartered in San Francisco for nearly a century before it relocated its headquarters across the bay to San Ramon CA. Chevron's headquarters buildings at 555 and 575 Market Street, built in the mid-1960s, in San Francisco were sold in December 1999. Its original headquarters were at 225 Bush St., built in 1912. Now, their headquarters are at 6001 Bollinger Canyon Road, San Ramon, CA.

Chevron is the owner of the Standard Oil trademark in a 16-state area of the western and southeastern United States. To maintain ownership of the mark, the company owns and operates one Standard-branded Chevron station in each state of its area. Chevron also is currently the owner of the trademark rights to Texaco brand gasoline. Texaco fuels are now supplied by Chevron's network of wholesalers.

Chevron is the only brand of gas used by several automakers when testing vehicles, including General Motors and Toyota. (Ford does as well despite a strategic alliance with BP.) Chevron also has often had one of the highest brand loyalty rates for gasoline in America, with only Shell and BP (through Amoco) having equally high rates.

Chevron Shipping Company is a wholly owned subsidiary company which handles the maritime transport operation for Chevron Corporation. The fleet comprises crude oil and product tankers as well as three gas tankers operated by Chevron Shipping for other companies. The fleet is divided into two sections: The US fleet transports oil products from Chevron refineries to customers in the US. The ships are manned by US citizens and are flagged in the US. The International fleet vessels are flagged in the Bahamas and have officers and crews from many different nations. The largest ships are 308,000 tonne VLCCs. The job of the international fleet is to transport crude oil from the oilfields to the refineries. The international fleet mans two LPG tankers and one LNG tanker.

Chevron ships originally had names beginning with "Chevron", such as the Chevron Washington and Chevron South America, or were named after former or serving Directors of the company. Samuel Ginn, William E Crain and most notably Condoleezza Rice were amongst those honored, but controversy led to its being renamed Altair Voyager. All the ships were renamed in 2001 to reflect the corporate merger with Texaco. The International fleet ships are all named after celestial bodies or constellations (Orion Voyager, Altair Voyager etc) and the US ships are named after states (Washington Voyager, Colorado Voyager etc).

The company also develops, and commercializes advanced energy technologies, including fuel cells, photovoltaics, and advanced batteries, and is active in research and development efforts to utilize hydrogen as a fuel for transport and power.

Chevron is investing $300M USD a year into alternative fuel sources, and has created a biofuels business unit.

Chevron Corporation and US-DOE's National Renewable Energy Laboratory (NREL) announced that they had entered into a collaborative research and development agreement to produce biofuels from algae. Under the agreement, Chevron and NREL scientists will collaborate to identify and develop algae strains that can be economically harvested and processed into transportation fuels such as jet fuel.

From 1965 to 1993, Texaco participated in a consortium to develop the Lago Agrio oil field in Ecuador. It has been accused of extensive environmental damage from these operations, and faces legal claims from both private plaintiffs and the government of Ecuador. The case has been widely publicized by environmental activists. Chevron claims that it is being unfairly targeted as a deep pocket defendant, when the actual responsibility lies with the government and its national oil company.

Chevron’s activities in Richmond, California have been the subject of ongoing controversy. The project houses over 11 million pounds of toxic materials and has been responsible for over 304 accidents. For illegally bypassing wastewater treatments and failing to notify the public about toxic releases, Chevron’s Richmond refineries were forced to pay $540,000 in 1998. Overall, Chevron is listed as potentially responsible for ninety-five Superfund sites—locations for which the EPA has earmarked funds for cleanup. In October, 2003, the state of New Hampshire sued Chevron and other oil companies for using MTBE, a gasoline additive that the attorney general claimed polluted much of the state's water supply.

Chevron’s African operations have also been criticized as environmentally unsound. In 2002, Angola became the first African nation ever to fine a major multinational corporation operating in its own waters when it demanded 2 million dollars in compensation for oil spills allegedly caused by Chevron’s poor maintenance.

On October 16, 2003, Chevron U.S.A. Inc. resolved a Clean Air Act settlement, which reduced harmful air emissions by about 10,000 tons a year. In San Francisco, Chevron was filed by a consent decree to spend almost $275 million to install and utilize innovative technology to reduce nitrogen and sulfur dioxide emissions at its refineries. After violating the Clean Air Act at an offline loading terminal in El Segundo, California, Chevron paid a $6 million penalty as well as $1 million for environmental improvement projects. Chevron also had implemented programs that minimized production of hazardous gases, upgraded its leak detection and repair practices, reduced emissions from its sulfur recovery plants and adopted strategies to ensure the proper handling of harmful benzene wastes at each refinery. Chevron also spent about $500,000 to install leakless valves and double-sealed pumps at its El Segundo refinery, which could prevent significant emissions of air contaminants.

Defenders of Chevron’s environmental record point to recent changes in the corporation, particularly its pledge, as of 2004, to combat global warming.

The NiMH chemistry used in modern hybrid vehicles was invented by ECD Ovonics founder, Stan Ovshinksy, and Dr. Masahiko Oshitani of the Yuasa Company In 1994, General Motors acquired a controlling interest in Ovonics's battery development and manufacturing. On October 10, 2001, Texaco purchased GM's share in GM Ovonics, and Chevron completed its acquisition of Texaco six days later. In 2003, Texaco Ovonics Battery Systems was restructured into Cobasys, a 50/50 joint venture between Chevron and Energy Conversion Devices (ECD) Ovonics. Chevron's influence over Cobasys extends beyond a strict 50/50 joint venture. Chevron holds a 19.99% interest in ECD Ovonics. In addition, Chevron maintains the right to seize all of Cobasys' intellectual property rights in the event that ECD Ovonics does not fulfill its contractual obligations. On September 10, 2007, Chevron filed a legal claim that ECD Ovonics has not fulfilled its obligations. ECD Ovonics disputes this claim. Since that time, the arbitration hearing was repeatedly suspended while the parties negotiate with an unknown prospective buyer. No agreement has been reached with the potential buyer. Cobasys's patents relating to NiMH batteries expire in 2015.

In December 2006, Cobasys and General Motors announced that they had signed a contract under which Cobasys provides NiMH batteries for the Saturn Aura hybrid sedan. In March 2007, GM announced that it would use Cobasys NiMH batteries in the 2008 Chevrolet Malibu hybrid as well.

In October 2007, International Acquisitions Services, Inc. and Innovative Transportation Systems AG filed suit against Cobasys and its parents for refusing to fill a large, previously agreed-upon order for large-format NiMH batteries to be used in the electric Innovan.

In August 2008, Mercedes-Benz U.S. International Inc. filed suit against Cobasys claiming that Cobasys isn’t delivering the batteries it agreed to build for Mercedes-Benz’s planned hybrid SUV.

On May 28, 1998, activists staged a demonstration and took several individuals hostage on a company oil platform in the Niger Delta, Nigeria. Nigerian police and soldiers were allegedly flown in with Chevron helicopters. Soldiers shot at the activists and subsequently two activists (Jola Ogungbeje and Aroleka Irowaninu) died from their wounds. Chevron describes the situation as "a violent occupation of private property by aggressors seeking to extort cash payments from the company." The Nigerian government is reportedly 80% dependent upon oil production and is condemned by many for its reported treatment of environmentalists. The documentary "Drilling and Killing" covers these and other topics.

U.S. District Judge Susan Illston, allowing a lawsuit brought by victims and victims' families against Chevron to proceed, said that there may be evidence that Chevron has hired, supervised, and/or provided transportation to Nigerian military forces known for their "general history of committing abuses." In March 2008, the plaintiffs' lawyers, without explanation, "quietly moved to withdraw half of their claims" against Chevron.

On December 1, 2008, a federal jury cleared Chevron of all charges brought against them in the case. The jury deliberated for less than two hours and the verdict was unanimous. Chevron had claimed that the military intervention was necessary to protect the lives of its workers and considers the jury's decision vindication for the accusations of wrongdoing.

Chevron has taken steps to reduce emissions of greenhouse gases and pursue cleaner forms of energy. Chevron has scored highest among U.S. oil companies for investing in alternative energy sources and setting targets for reducing its own emissions. Chevron is the world's largest producer of geothermal energy, providing enough power for over 7 million homes.

Condoleezza Rice is a former member of the board of directors, and also headed Chevron's committee on public policy until she resigned on January 15, 2001, to become National Security Advisor to President George W. Bush.

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Chevron House

The atrium of Chevron House

Chevron House, formerly called Caltex House, is a high-rise skyscraper located in the central business district of Singapore. It is located on 30 Raffles Place, in the financial district of Raffles Place. The building is near several buildings and landmarks, such as Singapore Land Tower, Hitachi Tower, Change Alley and The Arcade, all of which are less than 100 metres (110 yd) away.

The development has direct underground access to Raffles Place MRT Station. Hitachi Tower, a nearby neighbour of Chevron House, shares a four-level retail podium with the building.

Chevron House has a total of 33 floors, not including 3 basement levels, and it rises 152.0 metres (499 ft) above ground. The international headquarters of Caltex is situated in the building.

Chevron House was designed by Murphy/Jahn, Inc. Architects and Architects 61, and was completed in 1993, just one year after its next-door neighbour, Hitachi Tower. The other firms involved in the development are CapitaLand Commercial Limited, Savu Investments Private Limited, CapitaLand, Obayashi Gumi Corporation, Sendai Eversendai Engineering Group, Steen Consultants Private Limited, PCR Engineers Private Limited, Chevalier Group, PCR Engineers Private Limited, Rider Hunt Levett & Bailey, and Toshiba Elevator and Building Systems Corporation.

In September 2007, a Goldman Sachs-linked fund bought Chevron House, at a price of S$730 million. This equates to $2,780 per square foot ($29,924/m²) of net lettable area. This is Goldman Sachs' second major acquisition of an office property in Singapore. It will allow CapitaLand to have a profit of about $150.8 million from the sale of its stake.

Before the sale, Chevron House was owned by several companies. CapitaLand, IP Property Fund Asia and NTUC Income Insurance Co-operative had a stake of 50 per cent, 25 per cent and 25 per cent respectively. A few months later, its neighbour Hitachi Tower was also bought by Goldman Sachs.

Chevron House models the late-modernist architectural style, and is similar to that of Springleaf Tower and Hitachi Tower. It is mainly built out of aluminium, glass and steel. A distinctive glass rotunda and four-storey high portico is located at the entrance of the building. The rotunda motif is expressed on the roof, capped by radial sunshading louvres. This strong feature that distincts the building from other skyscrapers in Raffles Place.

Major tenants of Chevron House includes Planet Fitness. Planet Fitness occupies 17,000 square feet (1,600 m2) of space in the building. It is primarily used as a gym, and has a mezzanine interior with large windows.

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Chevron Renaissance

Chevron Renaissance Shopping Mall & Apartment Complex in GC HWY.jpg

Chevron Renaissance is a $400 million development in Queensland, Australia by Gold Coast veteran developer Raptis Group comprising both Chevron Renaissance Shopping Centre and Towers of Chevron Renaissance. Chevron Renaissance is addressed on the site of the old Chevron Hotel and located in the heart of the Surfers Paradise contributing the significant and remarkable influence to continue the revitalization of the Surfers Paradise in the city of Gold Coast, Queensland.

Chevron Renaissance commercial development occupied the block of the land, which is stretched from the east, Gold Coast Highway, to the west, Ferny Avenue, from the south, Circle on Cavill, half way towards Cavill Avenue, to the north, Elkhorn Avenue. The construction of the complex was commenced in November 1999 and completed in December 2004. Gold Coast city mayor councilor Gary Maildon, Chairman and founder of the Raptis Group Jim Raptis and former Queensland Premier Peter Beattie attended on site at the launch of Skyline Central in Towers of Chevron Renaissance in August 2003.

Chevron Renaissance is the most significant Gold Coast development since late 1950s.

Stanley Korman, a hard and keen business sense man, born in Radom, Poland in 1904, arrived in Australia at age 23. He had $80 when he landed and he spoke Polish, Russian, German, Italian, French and Hebrew, but his English was poor. Later he became a successful entrepreneur in textile business and then he sold his major textile interests after World War II and concentrated on hotels and real estate. His believe in town’s (Surfers Paradise) future was immense; the Chevron Hotel was very much his baby.

The first part of the Chevron was a “temporary” public bar that opened in June 1957. In August 1957 the upstairs Skyline Cabaret opened and this was something quite new to Australia – a spacious indoor beergarden where liquor, meals and coffee were available with entertainment and dancing.

In June 1958 the first accommodation wing opened at the new Chevron Hotel. This was followed in September by a second wing. In September 1960, work began on the construction of Chevron Hotel’s Main Block, which included a 24–lane bowling alley underneath and a large, modern convention centre – the Corroboree Room. The Chevron was then as modern as any hotel in Australia and closer international standards than any resort hotel in the nation.

In 1987 most of the Chevron was demolished, leaving Surfers Paradise with a two hectare hole in the middle of town for more than a decade due to the recession and lack of the interest from property developers. In October 1999 Raptis Group unveiled plans for the $400 million Chevron Renaissance development and announced work would begin immediately.

Chevron Renaissance development was a construction milestone record. The construction began sheet piles for the development that went to approximately 45 m deep, plus an additional 10 m into the bedrock in places, leaving the foundation for three towers.

The development was carried out at an average of 4.5 apartments a week over three years. The triple Towers of Chevron Renaissance used approximately 55,000 cum of concrete and more than 10,000 tonnes of steel reinforcement during the construction. It was a massive project including five acres of retail, commercial and dinning space, three residential towers and two acres of garden podium and lagoon on the roof top of the fifth floor.

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Chevron (artist)

Chevvers.jpg

He played many shows, including the legendary Kraked Squat Party, with artists such as Venetian Snares and Shitmat. Further releases on Planet Mu followed in 2004 as well as a European Tour with Ceephax Acid Crew.

Chevron's highly anticipated debut album "Everything's Exactly The Same" was released on Valentines Day in 2005, to outstanding reviews and extensive radio play. "Crimson" on US label Terminal Dusk Records also featured a track. He performed in the Overkill tent at UK dance festival "The Glade". In 2006 Chevron appeared on the "Sacred Symbols of Mu" Mu sampler. Mike Paradinas and Chevron remixed Shitmat on the three track "Gary’s Gruesome Garage" EP. The summer saw not one but three memorable performances at "The Glade" festival and a subsequent release on the first Overkill compilation featured The Bug, Exile and Vex'd.

Residing in Brighton since 2003 with "Wrong Music Records" boss Shitmat. Chevron finally released "Rave Like A Bastard" as "Chevvers"; a split 12" with Lancastrian speedcore producer Oen-Flux. Several samplers followed.

Chevrons "Tuff Shite" EP on Berlin breakcore label Ad Noiseam kicked off 2008. Acid tracks are planned on Marguerita's uber-cool "030303" series and the long awaited follow up Planet Mu album "Lifeshake".

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Source : Wikipedia