Chevron 2006 Annual Report Download - page 105

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Chevron History
1
98
4Acquire
d
Gu
l
f Corpora
t
ion — near
l
y
d
ou
b
l
ing
th
e size of cru
d
e oi
l
an
d
na
t
ura
l
gas ac
t
i
v
v
i
t
ies —
and
g
ained si
g
nifi cant
p
resence in industrial
c
h
emica
l
s, na
t
ura
l
gas
l
iqui
d
s an
d
coa
l
.
C
h
ange
d
name
t
o C
h
evron Corpora
t
ion
t
t
o
identif
y
with the name under which most
pro
d
uc
t
s were mar
k
e
t
e
d.
1988 Purchased Tenneco Inc.’s U.S. Gulf of
Me
e
xico
cru
d
e oi
l
an
d
na
t
ura
l
gas proper
t
ies,
b
e
c
c
oming
one of
th
e
l
arges
t
U.S. na
t
ura
l
gas pro
du
u
cers
.
1
993
Forme
d
Tengizc
h
evroi
l
, a join
t
ven
t
ure
w
w
i
th
th
e Repu
bl
ic of Kaza
kh
s
t
an,
t
o
d
eve
l
op
a
a
n
d
p
roduce the
g
iant Ten
g
iz Field, becomin
g
the
fi rs
t
major Wes
t
ern oi
l
company
t
o en
t
er
new
l
y in
d
epen
d
en
t
Kaza
kh
s
t
an.
1
999
Acquire
d
Ru
th
erfor
d
-Moran Oi
l
Corpora
t
t
ion
an
d
Pe
t
ro
l
era Argen
t
ina San Jorge S.A.
T
Th
ese
ac
q
uisitions
p
rovided inroads to Asian na
t
t
ural
gas mar
k
e
t
s an
d
b
ui
lt
on
th
e company’
s
s
La
t
in
America
b
usiness foun
d
a
t
ion
.
2001
Merge
d
wi
th
Texaco Inc. an
d
c
h
ange
d
n
a
a
me
t
o C
h
evronTexaco Corpora
t
ion. Became
t
h
e
second-lar
g
est U.S.-based ener
g
y com
p
any.
2002
Re
l
oca
t
e
d
corpora
t
e
h
ea
d
quar
t
ers from San
Francisco
,
California
,
to San Ramon
,
California
.
2005
Acquire
d
Unoca
l
Corpora
t
ion, an in
d
epen
d
d
en
t
crude oil and natural
g
as ex
p
loration a
n
n
d
pro
d
uc
t
ion company. Unoca
l
’s ups
t
rea
m
m
asse
t
s
b
o
l
s
t
ere
d
C
h
evron’s a
l
rea
d
y-s
t
ro
n
n
g
p
osition in the Asia-Pacifi c, U.S. Gulf of
Mexico an
d
Caspian regions. C
h
ange
d
n
a
a
me
t
o C
h
evron Corpora
t
ion
t
o convey a c
l
earer,
stron
g
er and more unifi ed
p
resence in t
h
h
e
g
l
o
b
a
l
mar
k
e
t
p
l
ace.
1879 Incorporated in San Francisco, California, as
the Pacifi c Coast Oil Company.
1900 Acquired by the West Coast operations
of John D. Rockefeller’s original Standard
Oil Company.
1911 Emerged as an autonomous entity — Standard
Oil Company (California) — following the U.S.
Supreme Court decision to divide the Stand-
ard Oil conglomerate into 34 independent
companies.
1926 Acquired Pacifi c Oil Company to become
Standard Oil Company of California (Socal).
1936 Formed the Caltex Group of Companies, jointly
owned by Socal and The Texas Company (later
became Texaco), to manage exploration and
production interests of the two companies
in the Middle East and Indonesia and provide
an outlet for crude oil through The Texas
Company’s European markets.
1947 Acquired Signal Oil Company, obtaining the
Signal brand name and adding 2,000 retail
stations in the western United States.
1961 Acquired Standard Oil Company (Kentucky),
a major petroleum products marketer in fi ve
southeastern states, to provide outlets for
crude oil from southern Louisiana and the U.S.
Gulf of Mexico, where the company was a
major producer.