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Global 500

Courtesy of Chevron





The U.S.’s second-biggest oil and gas producer went into the 2014 oil crash in a weaker position than ExxonMobil and is struggling more, accordingly, in its efforts to come to terms with the new low price environment. Where Chevron has ended its share buyback program, Exxon’s is still going (albeit in reduced scale). Chevron’s restructuring costs drove it to a loss in the first quarter of 2016, while Exxon remains profitable. Last October, it said it would cut up to 10% of its 70,000 workforce. It has already twice cut its estimated investment budget for this year to conserve cash, and is offload non-core assets like its refinery in Hawaii where it can. On the brighter side, projects that have consumed enormous amounts of money in the past, like the Gorgon liquefied natural gas project in Australia, are finally coming on stream, and its balance sheet, while not as strong as Exxon’s, is still strong enough for it to allow CEO John Watson to be on the lookout for bargains as the market recovers.


John S. Watson




Petroleum Refining

HQ Location

San Ramon, CA



Years on Global 500 List


Excise taxes have been deducted.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$131,118-35.7%
Profits ($M)$4,587-76.2%
Assets ($M)$266,103
Total Stockholder Equity ($M)$152,716
Profit Ratios
Profit as % of Revenues3.5%
Profits as % of Assets1.7%
Profits as % of Stockholder Equity3.0%
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about Chevron

U.S.-Based Oil Companies Are Finally Joining a Global Initiative to Combat Climate Change

Chevron, ExxonMobil, and Occidental Petroleum are joining the Oil and Gas Climate Initiative.

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Big Oil Firms Just Notched Another Victory Against Cities Suing Over Their Role in Climate Change

Government has to deal with the problem, said the judge. With the Trump EPA, that's unlikely.

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Big Oil Scores Victory Against California Climate Change Lawsuit

The suit called for an abatement fund that would go toward cities affected by flooding.

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Three Stocks to Own in Risky Times

They're in industries that do well even when the headlines are grim.

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New York City Is Suing Big Oil Over Climate Change

A lawsuit claims they knew what they were doing to the planet.

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Videos about Chevron

Why oil companies are doing really badly

Shell had layoffs and a bad quarter. Exxon Mobile and Chevron have seen on the worst quarter in a decades. Here's why.

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What is the Global 500?

Fortune's Brian O'Keefe, Leigh Gallagher, Andrew Nusca and Scott DeCarlo introduce us to the magazine's list of the world's biggest companies. See the full Global 500 list, here.

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How Chevron creates leaders

Brian O'Keefe talks with Chevron CEO John Watson about how he nurtures a culture of leadership with "The Chevron Way."

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Cheap oil: Good or bad for the economy?

Chevron CEO John Watson tells Fortune's Brian O'Keefe why cheap oil is a mixed bag for the business community.

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