The acquisition was completed on October 9, 2001. , In 2005, Chevron purchased Unocal Corporation for $18.4 billion, increasing the company's petroleum and natural gas reserves by about 15%.  In October 2011, Chevron launched a 29-MW thermal solar-to-steam facility in the Coalinga Field to produce the steam for enhanced oil recovery.  Chevron's United States refineries are located in Gulf and Western states. Samuel Ginn, William E. Crain, Kenneth Derr, Richard Matzke and most notably Condoleezza Rice were among those honored, but the ship named after Rice was subsequently renamed as Altair Voyager. About Chevron. Apple Pay is a contactless payments system created by Apple and in use by over 440 million customers. Since oil refineries are incredibly complicated process plants, Chevron wanted Maxis to make them a game like SimCity, as a training tool to teach employees at their oil refinery in Richmond, California how the refinery worked.  Governor Jorge Sapag defended the police actions: "The march was generally peaceful, but about 100 people separated from the rest and attacked the police.  In 2006, the United States Department of the Interior issued a research, development and demonstration lease for Chevron's demonstration oil shale project on public lands in Colorado's Piceance Basin.  In 2011, Chevron acquired Pennsylvania based Atlas Energy Inc. for $3.2 billion in cash and an additional $1.1 billion in existing debt owed by Atlas. It is the world's first CCS project on a commercial-scale. Nigerian police and soldiers were allegedly flown in with Chevron helicopters.  In February 2012, Chevron notified the Bureau of Land Management and the Department of Reclamation, Mining and Safety that it intends to divest this lease. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the. Chevron Corporation is one of the world’s leading integrated energy companies. The landholders of the region view Chevron's presence in the region negatively since they may be forced to sell their properties at a low cost if gas is discovered in the region. Nigeria. In response to some of the protests, Chevron has sued some of the protesters from Żurawlów for disrupting their operations.  The same year, Standard Oil of California also took the opportunity to change its legal name to Chevron Corporation, since it had already been using the well-known "Chevron" retail brand name for decades. The explosion resulted in the death of two of the 154 workers on board and a fire that burned for 46 days before the well was sealed on June 18. As of 2012, the project is the largest of its kind in the world. The name Calso was also used from 1946 to 1955, in states outside its native West Coast territory. An additional $40 million was donated in 2013. operations. The first project for MBS was to make a game about an oil refinery for Chevron, eventually named SimRefinery. Ecuador's attorney general plans to appeal the tribunal's ruling saying, "It worries us that the tribunal is asking a country to lift a sentence of one of its courts that was issued as part of a dispute between private parties. , In April 2019, Chevron announced their intention to acquire Anadarko Petroleum in a deal valued at $33 billion, but decided to focus on other acquisitions shortly afterwards when a deal could not be reached. Chevron Corporation, a Delaware corporation, manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services. In 2005, the company changed its name to Chevron Corp. and then acquired Unocal Corp., further enhancing its position as a leading energy provider. Chevron's shares traded at over $105 per share, and its market capitalization was valued at over US$240 billion. ], A 1989 explosion and fire at the refinery resulted in a $877,000 OSHA fine for "willfully failing to provide protective equipment for employees." In Poland, the discovery of gas on private property usually results in a forced sale of the property, with the owner receiving only the prior value of the land and no percentage of the gas revenue.  In August 2008, Mercedes-Benz U.S. International filed suit against Cobasys, on the ground Cobasys did not tender the batteries it agreed to build for Mercedes-Benz's planned hybrid SUV. State, Province or Country in Which Organized . On September 30, 2009, John Watson, age 52, was elected chairman of the board and CEO, effective at the December 31, 2009 retirement of David J. O'Reilly. That same year, an Ecuadorean scientific team took water and soil samples after Texaco left and found petroleum hydrocarbons at unsafe levels in almost half. While the US ruling does not affect the decision of the court in Ecuador, it has blocked efforts to collect damages from Chevron in US courts. world. Chevron had stated that the military intervention was necessary to protect the lives of its workers and considers the jury's decision vindication for the accusations of wrongdoing.  In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea. As well, potential environmental disasters are a concern for local farmers. jury clears Chevron of protest shootings", "WikiLeaks cables: Chevron discussed oil project with Tehran, claims Iraqi PM | World news", "US embassy cables: Iraqi PM claims US oil company in contact with Iran | Business | guardian.co.uk", "CHEVRON RICHMOND REFINERY TO PAY $540,000 ENVIRONMENTAL PENALTY | Newsroom | US EPA", "Huge explosion rocks Richmond oil refinery", "Massive fire at Chevron refinery in Richmond fully contained; shelter in place lifted", "Chevron to Pay $2 Million for 2012 Refinery Fire in Richmond, CA; 200 Arrested at Protest", "Chevron pays $2m fines and pleads no contest to Richmond fire charges", "Chevron Takes Responsibility for Brazil Oil Spill, May Face $51M Fine", "Chevron takes full responsibility for Brazil oil spill", "Chevron faces $10.6bn Brazil legal suit over oil spill", "Chevron and Brazil Reach Deal on Oil Spill - NYTimes.com", "Chevron to pay $155 million for Brazil oil spill", "Exclusive: Riggers sought evacuation before deadly Chevron blast", "Chevron prepares to drill Nigeria relief well", "Chevron suspends survey after fire in Bangladesh", "Chevron resumes survey after fire in Bangladesh | Reuters", "Blokuj badania ws.  It is also developing the Wheatstone liquefied natural gas development in Western Australia.  In 2000, Chevron paid a $6 million penalty as well as $1 million for environmental improvement projects to settle charges of Clean Air Act violations related to offline loading terminal operations in El Segundo, California. , In October 2015, Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce.  In 2002 Angola demanded $2 million in compensation for oil spills allegedly caused by Chevron, the first time it had fined a multinational corporation operating in its waters. Chevron Corporation today announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025.  It was also one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. Beta Offshore Nigeria Deepwater Limited .  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