René Muschter
Research Expert covering Industry & Mobility
Chevron - statistics & facts
Chevron is the most valuable United States-based oil and gas company. In 2024, it was awarded a higher brand value than close competitor ExxonMobil, despite lower production and revenue figures. Chevron operates in over 180 countries worldwide and is counted among the Big Oil or supermajors – the largest non-state-owned oil and gas companies in the world. It is employer to over 45,000 people and produces more than one million barrels of crude oil and other petroleum liquids every day.
Chevron’s brand value reached 14.8 billion U.S. dollars in 2024. Many European oil and gas companies ranked higher in brand value, due in part to large investments aimed at diversification.
Chevron’s production techniques and infrastructure
As an integrated energy company, Chevron is involved in every aspect of the oil and gas industry. This includes exploration and production, refining, chemical manufacturing, marketing and transportation, and power generation. Much of Chevron’s growth over recent years has come from success in hydraulic fracturing, which has led to a dramatic increase in the production of shale gas and tight oil plays, particularly in the U.S. As of 2024, Chevron’s net number of productive oil wells in the U.S. amounted to 24,000, far more than in any other country. However, its prolific production output has also made it the largest greenhouse gas emitter among U.S. fossil fuel companies based on historic emissions.Chevron's downstream operations
In 2024, the downstream segment generated 1.7 billion U.S. dollars in net income, which was only a fraction of the income attributed to upstream operations. Chevron sells its refined petroleum products such as transportation fuels and automotive lubricants either directly via service stations or through marketing to business clients. The company also runs convenience stores, which lends itself to widespread brand recognition.Chevron’s brand value reached 14.8 billion U.S. dollars in 2024. Many European oil and gas companies ranked higher in brand value, due in part to large investments aimed at diversification.
