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  • Previous Rank31
  • Revenues ($M)$107,567
  • Revenue Percent Change-18%
  • Profits ($M)$-497
  • Profits Percent Change-110.8%
  • Assets ($M)$260,078
  • Employees55,200

The second-biggest oil and gas producer in the U.S. went into the 2014 oil crash in a weaker position than ExxonMobil and has been struggling more in its efforts to come to terms with the new low price environment. (Average annual crude oil hit a 10-year low in 2016.) Chevron’s restructuring costs drove it to a loss in the first quarter of 2016 and it has pared back its workforce, which now numbers about 55,000, in a broader effort to rein in spending. (In 2016 it reduced capital spending by 34% to $22.4 billion and reduced operating expenses by almost 10%.) On the bright side, major projects “including Gorgon in Australia, Chuandongbei in China, Bangka in Indonesia, and Alder in the U.K.” have all been completed. Chevron was founded in 1879 and is headquartered in San Ramon, Calif.

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Company Information

CEO
John S. Watson
Sector
Energy
Industry
Petroleum Refining
HQ Location
San Ramon, CA
Websitehttp://www.chevron.com
Years on Global 500 List23
Employees55,200

Chevron Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$107,567-18%
Profits ($M)$-497-110.8%
Assets ($M)$260,078-
Total Stockholder Equity ($M)$145,556-

Profit Ratios

Profit as % of Revenues-0.5%
Profits as % of Assets-0.2%
Profits as % of Stockholder Equity-0.3%