Powered by eeNation.com
History of Oil
Top 10 World Oil Giants
These are the ones to thank for the high gas prices.................................The rich get richer!
Let's take you to the beginning of time, the lucky ones!.........Find out where it came from!
Other US Oil Giants
Chevron Corporation (NYSE: CVX) is the world's fifth largest global energy company. Headquartered in San Ramon, California, USA and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world's six "supermajor" oil companies
Chevron was originally known as Standard Oil of California, or Socal, and was formed amid the antitrust breakup of Standard Oil in 1911. It was one of the "Seven Sisters" that dominated the world oil industry during the early 20th century. In 1933, Saudi Arabia granted Socal a concession to find oil, which finally occurred in 1938 when the largest oil field on earth was discovered. Socal's subsidiary California-Arabian Standard Oil Company evolved over the years, becoming the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis and in 1988, the name was changed to Saudi Arabian Oil Company (Saudi Aramco).
In 1984, the merger between Chevron and Gulf Oil became the largest merger in world history at the time. Because of its size, Gulf divested many of its worldwide operating subsidiaries and sold some Gulf stations and a refinery in the eastern United States to satisfy US antitrust requirements. As part of the merger, Socal rebranded to become Chevron Corporation.
Type Public (NYSE: CVX)
Founded 1879 (Pico Canyon, California)
Headquarters San Ramon, California,
Key people David J. O'Reilly, CEO & Chairman
Steve Crowe, CFO
Industry Oil and Gasoline
Revenue ?US$210.78 Billion (2007)
Net income ?US$18.69 Billion (2007)
Employees 62,000 (2006)