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In 2000, Chevron Corporation invested in a 50-50 joint venture with Phillips 66, formerly known as Phillips Petroleum. In this joint venture, Chevron Corporation moved most of its petrochemical operations into the new The Woodlands-based company, including the Cedar Bayou plant.
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 current operator of the Kern River Field is Chevron, who has gradually acquired the field through buyout and merger with the various other operators, including Tidewater, one of the original developers of the enhanced production technologies that revived the field in the 1960s; Getty Oil; and Texaco. [citation needed]
The single remaining refinery in Hawaii now also includes refining assets previously owned and operated as "Hawaii Refinery" by Chevron Corporation with up to 54,000 bbl/d (8,600 m 3 /d) in additional capacity. Chevron sold their Hawaii Refinery to newly formed Island Energy Services LLC in 2016, and IES sold the refining assets to Par Hawaii ...
The Standard Oil Company (Ohio) was an American petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio, was founded by John D. Rockefeller. [4] [2] It was established as one of the separate entities created after the 1911 breakup.
In 2007 and 2008, Chevron engaged in a clean-up operation of the cove that cost between $20 and $30 million after being ordered to do so by the California Regional Water Quality Control Board's Bay Protection and Toxic Clean-up Program (which found Chevron liable for an additional $2.85 million in "natural resources damages.") [43]
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Chevron Phillips Chemical (CPChem) is a petrochemical company jointly owned by Chevron Corporation and Phillips 66.The company was formed July 1, 2000, by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company.