Chevron U.S.A.

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Address

6001 Bollinger Canyon Road

San Ramon, CA 94583

Phone

1 925.842.1000

Company Description

Chevron plans to lay off 15-20% of its global workforce by 2026 as part of a $3 billion cost-cutting effort amid production challenges and weak refining margins. The company’s $53 billion acquisition of Hess remains uncertain due to ExxonMobil’s legal challenge, while its oil and gas reserves have hit a decade-low. Chevron is restructuring its business, slowing spending, and shifting focus toward digital and asset efficiency to stay competitive.

Recent News

Engine No. 1, Chevron U.S.A., and GE Vernova are partnering to develop multi-gigawatt “power foundries”—co-located natural gas power plants and data centers—to address rising energy demands without burdening the existing grid. The project will initially deliver up to 4 GW across the Southeast, Midwest, and West U.S., using GE Vernova’s 7HA turbines with potential carbon capture and renewable integration. With an initial in-service target by 2027, this move reinforces Chevron’s expansion into power markets while securing reliable energy for AI-driven data center growth.

Operations

Chevron U.S.A. Inc. ranks #2 in wells drilled in 2023 with 639 wells drilled in the US

Permian Basin

Midland County, TX ranks #1 in the state for BOE produced in the most recent month (Jun 2022).

Reeves County, TX ranks #2 in the state for BOE produced in the most recent month (Jun 2022).

Culberson County, TX ranks #10 in the state for BOE produced in the most recent month (Jun 2022).

Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Jul 2022).

Lea County, NM ranks #1 in the state for BOE produced in the most recent month (Jul 2022).

Rocky Mountains

Weld County, CO ranks #1 in the state for BOE produced in the most recent month (Oct 2023).

Bakken

Mountrail County, ND ranks #4 in the state for BOE produced in the most recent month (Oct 2023).

Williams County, ND ranks #3 in the state for BOE produced in the most recent month (Oct 2023).