Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world’s largest oil companies; as of 2019, it ranked eleventh in the Fortune 500 list of the top US closely held and public corporations and 28th on the Fortune Global 500 list of the top 500 corporations worldwide. It was also one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. Chevron is incorporated in California.
Chevron’s downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company’s most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea and Australia . In 2010, Chevron sold an average of 3.1 million barrels per day (490×103 m3/d) of refined products like gasoline, diesel and jet fuel.
British oil and gas multinational Shell posted its Q1 2022 earnings report on Thursday which benefited from the soaring profits seen across the oil and gas industry.
Nasdaq Composite rose by 3.69% to 13,073.82, which made Tuesday the best day for the index since November 2020. The S&P 500 climbed by 1.4% to 3,875.44. As for the Dow Jones, it rose by 30.30 points, or 0.1%, to 31,832.74.
