Chevron Corporation Competition

Chevron has earned its stripes as the #2 integrated oil company in the US, behind Exxon Mobil. It has proved reserves of 11.2 billion barrels of oil equivalent and a daily production of 2.7 million barrels of oil equivalent, and it also owns interests in chemicals, mining, pipeline, and power production businesses. The company, which is restructuring its refinery and retail businesses to cut costs, owns or has stakes in 8,170 gas stations in the US that operate under the Chevron and Texaco brands. Outside the US it owns or has stakes in 9,660 gas stations. Chevron also owns 50% of chemicals concern Chevron Phillips Chemical. In a major move, in 2011 Chevron acquired Atlas Energy in a $4.3 billion deal.