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Chevron is another oil and gas supermajor that could benefit from a commodity boom. In 2023, the company reported earnings of $21.4 billion and cash flow from operations of $35.6 billion.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
In April 2005, the United States oil company Chevron made an offer to acquire Unocal for US$16.6 billion, which was followed, after the companies had agreed to the transaction, by a competing unsolicited bid from the Chinese firm CNOOC Limited of US$18.5 billion on June 22. [11]
The company's headquarters is located at 5195 Las Vegas Blvd South, Las Vegas, Nevada 89119. Its stations are typically of the Chevron brand. In 2018, the company opened Terrible's Road House in Jean, billed as the largest Chevron in the world, with 96 gas pumps, 60 restroom stalls, and a 50,000 sq ft (4,600 m 2) convenience store. [11]
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas.The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is active in more than 180 countries.
The natural gas found was cleaner than manufactured gas and less expensive to produce. [23] While natural gas sources were abundant in Southern California, no economical sources were then available in Northern California. In 1929, PG&E constructed a 300-mile pipeline from the Kettleman oil field to bring natural gas to the San Francisco Bay area.
Terrible's Road House is a gas station in Jean, Nevada off Nevada State Route 161.It contains the World's Largest Chevron and is a tourist trap for people traveling from Las Vegas to California, being about 30 mi (48 km) south of the former.
The Chevron Richmond Refinery is a 2,900-acre (1,200 ha) petroleum refinery in Richmond, California, on San Francisco Bay. [1] It is owned and operated by Chevron Corporation and employs more than 1,200 workers, [ 1 ] making it the city's largest employer. [ 2 ]