Chevron 2009 Annual Report Download - page 87

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Chevron History
Incorporated in San Francisco, California, as the Pacific Coast Oil Company.
Acquired by the West Coast operations of John D. Rockefeller’s original Standard Oil Company.
Emerged as an autonomous entity — Standard Oil Company (California) — following U.S. Supreme Court
decision to divide the Standard Oil conglomerate into 34 independent companies.
Acquired Pacific Oil Company to become Standard Oil Company of California (Socal).
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.
Acquired Signal Oil Company, obtaining the Signal brand name and adding 2,000 retail stations in the western
United States.
Acquired Standard Oil Company (Kentucky), a major petroleum products marketer in five 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.
Acquired Gulf Corporation — nearly doubling the size of crude oil and natural gas activities — and gained
significant presence in industrial chemicals, natural gas liquids and coal. Changed name to Chevron Corporation
to identify with the name under which most products were marketed.
Purchased Tenneco Inc.’s U.S. Gulf of Mexico crude oil and natural gas properties, becoming one of the largest
U.S. natural gas producers.
Formed Tengizchevroil, a joint venture with the Republic of Kazakhstan, to develop and produce the giant
Tengiz Field, becoming the first major Western oil company to enter newly independent Kazakhstan.
Acquired Rutherford-Moran Oil Corporation. This acquisition provided inroads to Asian natural gas markets.
Merged with Texaco Inc. and changed name to ChevronTexaco Corporation. Became the second-largest
U.S.-based energy company.
Relocated corporate headquarters from San Francisco, California, to San Ramon, California.
Acquired Unocal Corporation, an independent crude oil and natural gas exploration and production company.
Unocal’s upstream assets bolstered Chevron’s already-strong position in the Asia-Pacific, U.S. Gulf of Mexico
and Caspian regions. Changed name to Chevron Corporation to convey a clearer, stronger and more unified
presence in the global marketplace.
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Chevron Corporation 2009 Annual Report 85
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