65/100BChevron company profile
- CEO
- Michael K. Wirth
- Employees
- 43,039
- Headquarters
- 1400 Smith Street, Houston, TX 77002-7327, US
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- IPO date
- 24 Jun 1921
- Stock exchange
- NYSE
- ISIN
- US1667641005
Website:chevron.com
About the company
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.
Employees
Chevron had about 43,039 employees at the end of fiscal year 2025 (31 December 2025), by its annual report. That is 5.0% fewer than a year before.
Employees at each fiscal year end, as the company reports them in its annual report (10-K); revenue and net income per employee are the fiscal year's over that count.
Who owns Chevron
Institutions such as funds, banks and insurers held 76.4% of Chevron's shares on 30 June 2026, 4,265 of them reporting holdings to the SEC; the rest is held by individual investors and other shareholders.
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
How Chevron pays its executives
The chief executive was paid 26.83M USD for fiscal 2025, 67% of it in shares and options.
| Name and position | Salary | Stock awards | Option awards | Cash incentive | Other pay | Total pay |
|---|---|---|---|---|---|---|
| M.K. Wirth Chairman and Chief Executive Officer | 1.90M USD | 13.52M USD | 4.38M USD | 3.56M USD | 3.46M USD | 26.83M USD |
| M.A. Nelson Vice Chairman | 1.31M USD | 5.33M USD | 1.73M USD | 1.79M USD | 885.36K USD | 11.05M USD |
| R.C. Neff President, Upstream | 999.63K USD | 2.52M USD | 815.92K USD | 1.14M USD | 3.75M USD | 9.23M USD |
| R.H. Pate Chief Legal Officer | 1.19M USD | 3.35M USD | 1.08M USD | 2.64M USD | 848.65K USD | 9.11M USD |
| E.P. Bonner Chief Financial Officer | 1.04M USD | 3.35M USD | 1.08M USD | 1.44M USD | 614.06K USD | 7.53M USD |
FY2025 · From the company's proxy statements to the SEC: what each named executive was paid for the fiscal year, shares and options at their value when granted. The latest filing
Common questions about Chevron
Source: Financial Modeling PrepVerified against SEC filings