Chevron of San Ramon, Calif., is one of the largest public companies worldwide. The energy multinational—founded in the aftermath of the breakup of Standard Oil—is currently active in more than 180 countries. Chevron’s business interests include all aspects of the oil and gas industry, including refining, manufacturing, transportation, and distribution. The oil and gas sector took a huge hit throughout 2020, during which travel by car and by plane dropped dramatically owing to pandemic-related lockdowns and restrictions across the globe. As a result, in February 2021 it was reported
that CEOs from Chevron and competitor Exxon Mobil had discussed merging their two companies in what would have been the biggest deal the energy industry has ever seen.