Chevron 2004 Annual Report Download - page 8

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6
ChevronTexaco’s upstream and downstream operations
are large, diversifi ed and competitive. In upstream, we
are among the top producers in Asia-Pacifi c, Indone-
sia, Kazakhstan, South America, the United States and
western Africa. We are the only international oil com-
pany producing under a concession from the Kingdom of
Saudi Arabia, and we are the largest natural gas resource
holder in Australia.
CHEVRONTEXACO IS COMMITTED TO CREATING LONG-TERM STOCKHOLDER
VALUE WHILE DELIVERING NEW ENERGY SUPPLIES TO MEET GROWING
WORLDWIDE DEMAND. IN 2004, WE ACHIEVED MILESTONES IN OUR TWO
MAIN BUSINESSES – UPSTREAM AND DOWNSTREAM – THAT ARE DELIVERING
STRONG RESULTS NOW AND FOR THE FUTURE.
SUSTAINED

Our downstream is global, with 21 refi neries and a mar-
keting network in approximately 170 countries. We have
a highly competitive downstream presence in Asia and
on the West Coast of North America, areas where energy
demand growth is expected to be especially strong.
We also have a large downstream presence on the U.S.
Gulf Coast, in Latin America and in sub-Saharan Africa.
We market products under three of the industry’s most
respected brands – Chevron, Texaco and Caltex.
> Opposite page, left to right: Sanha condensate gas utilization and
Bomboco oil project, Angola; Hamaca heavy-oil upgrader, Venezuela;
Chevron “TOP TIER” gasoline, Hawaii service station.