Skip to Content

Chevron

Facing a dip in oil prices in 2019, the CEO of California-based Chevron, Mike Wirth, warned there was no “silver bullet” to improve returns as long as oil markets remained flat. And sure enough, full-year net income fell 80% to $2.9 billion. Revenues and cash flow declined, too, forcing the company to cut unprofitable projects—and to refocus on the U.S. shale sector. Its assets in Venezuela, which it held on to even as other oil companies left the country amid economic collapse, have also seen a new twist. This spring, the Trump administration ordered Chevron to “wind down” its operations in the country.
Sharon Steinmann—Bloomberg via Getty Images
Lists ranking Chevron
RANK36
Global 500 - 2020This year's Global 500 generated $33.3 trillion in...READ MOREview in list
RANK15
Fortune 500 - 2020This year's Fortune 500 marks the 66th running of ...READ MOREview in list