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[1] [2] In April 2018, the company acquired the interest in the Elk Hills Oil Field previously held by Chevron Corporation for $460 million and 2.85 million shares. [3] [4] In July 2020, the company filed bankruptcy with $5 billion in debt; it emerged from bankruptcy in October 2020. [5] In March 2021, Mark A. (“Mac”) McFarland was ...
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.
While only the 18th-largest oil field in California in size, in total remaining reserves it ranks sixth, with the equivalent of over 110 million barrels (17,000,000 m 3) producible reserves still in the ground, according to the California Division of Oil, Gas and Geothermal Resources (Chevron Corp., the principal operator, estimates considerably more oil in the ground).
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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 ]
In the same week, California filed a civil lawsuit against five energy giants — Exxon Mobil, Shell, BP, ConocoPhillips and California-based Chevron — accusing them of misleading the public and ...
Market Center, formerly known as the Standard Oil Buildings and later the Chevron Towers, is a complex comprising two skyscrapers at 555–575 Market Street in the Financial District of downtown San Francisco, California. It served as the headquarters of the Chevron Corporation until 2001. As of 2019, it is owned by Paramount Group, Inc. [8]
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