Chevron: company overview-role of government regulations for oil company and issues and opportunities companies face

Essay by btsunsetsUniversity, Bachelor'sB+, October 2009

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Chevron conducts business in over 100 countries and employs 68,000 people around the globe. The organization has a long rich history that led to one of the leading energy organizations with awards from the National Ocean Industry Association and the California Department of Oil, Gas and Geothermal Resources for the organizational efforts to protect the environment. They have also made important improvements in technology and alternative fuel that will push the organization into the future.

History of the CompanyThe Chevron Corporation began in 1879 and was originally known as, Pacific Coast Oil Company. In 130 years of history and growth the company has seen many changes. Alex Mantry an oil field pioneer was the first person to strike oil in the hills of the San Joaquin Valley. Lacking capital and funding to get his company off the ground he sold his oil well and the surrounding fields to Pacific Coast Oil.

In the next year, Pacific Coast would build the largest and most modern refinery in the United States, producing 600 barrels of oil a day.

In 1878 Standard Oil Company opened a three man office. With financial backing from its New York parent and strong marketing, the company became an emerging leader. Standard Oil was the major marketer for kerosene in the western United States lighting 96.5% of the western United States. Lacking the savvy of Standard Oil, Pacific Coast oil was struggling financially despite its innovation in the oil market and in 1900 was acquired by Standard Oil but was allowed to retain the name Pacific Coast oil. This now merged the fuel business with both kerosene and oil production under one company.

In 1901 the company purchased 500 acres in Richmond California and started work on the Richmond refinery and the new pipeline to feed the...