Chevron
Chevron is a global energy company committed to delivering affordable, reliable, and cleaner energy, with significant investments in carbon capture, renewable fuels, and sustainable technologies.
Company Overview
Chevron is committed to delivering affordable, reliable, and ever-cleaner energy. With a global presence, the company operates in countries including Angola, Argentina, Australia, Bangladesh, Brazil, Canada, China, Indonesia, Israel, Kazakhstan, Kuwait, Malaysia, Netherlands, Nigeria, Philippines, Republic of Congo, Saudi Arabia, Singapore, South Korea, Sri Lanka, Thailand, United Kingdom, United States, and Venezuela.
Sustainability Initiatives
Chevron's sustainability initiatives are robust and varied. The company is targeting 25 million tonnes of CO2 offsets per year through its carbon capture and storage (CCUS) efforts by the end of the decade. Additionally, it has invested in the Adopt-a-Port initiative with $28 million to provide carbon-negative renewable natural gas to truck operators. The Future Energy Fund has also announced a $500 million investment to support lower carbon technologies. Chevron's methane management strategy has reduced methane intensity by more than 50% since 2016.
Innovative Technologies
Chevron leverages innovative technologies to advance its energy solutions. The AiRanger drone, cleared by the FAA for pipeline surveillance, exemplifies its use of uncrewed aircraft systems (UAS). The company is also testing polymers for enhanced oil recovery (EOR) in Kuwait and developing hydrogen transportation solutions for both heavy- and light-duty vehicles in collaboration with partners.
Carbon Capture and Storage (CCUS)
Chevron is a leader in CCUS technology, with major projects such as the Gorgon project in Western Australia, which features one of the world's largest CCS systems. The Bayou Bend hub's onshore expansion positions it as one of the largest carbon storage projects in the U.S., with a capacity of more than 1 billion metric tonnes. The Richmond Refinery is also a significant user of recycled water, using over 7 million gallons per day.
Renewable Energy Projects
Chevron is committed to growing its renewable fuels capacity to 100,000 barrels per day by 2030. The company is part of the Clean Skies for Tomorrow Coalition, focused on accelerating the use of sustainable aviation fuel (SAF). Additionally, Chevron plans to construct 30 hydrogen fueling sites in California by 2026 through its collaboration with Iwatani.
Environmental Conservation
Chevron is actively involved in environmental conservation initiatives such as the Pecos Watershed Conservation Initiative, which aims to restore habitats and manage grasslands, agricultural lands, and riparian areas. The El Segundo Refinery has had a fenceline monitoring system since 2020 to collect real-time air quality data, underscoring Chevron's commitment to transparency and environmental responsibility.