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Chevron begin with an oil discovery north of Los Angeles in 1879 followed by the formation of

the Pacific Coast Oil Company, the oldest predecessor of Chevron Corporation. Standard Oil

Company(owned by John D. Rockefeller) subsequently bought Pacific Coast Oil in 1900, and six

years later the merged name became Standard Oil Company(California). but in 1911, the

Sherman Antitrust Act resulted in the breakup of the parent Standard Oil and created Standard of

California as an independent company. After the war ended, the company merged with Pacific

Oil Company, becoming Standard Oil Company of California(Socal).

By the end of 1930s, the Aramco partnership was formed in the middle East, composed of Socal,

Texaco, Exxon, and Mobil. Following World War II, the additives and petroleum-based

chemical invented for the war were quickly turned to peacetime uses. The age of petrochemical

had arrived, and with it came Chevron Chemical Company. By 1980, Aramco was entirely

owned by Saudis, and in 1988the name was changed to Saudi Arabian Corporation. In 1984, the

merger between Standard Oil of California Gulf Oil was the largest merger in history at that time

nearly doubling the company's world wide proved oil and gas reserves.

This merger, Socal changed its name to Chevron Corporation. Through the purchase of Tenneco

Inc.'s U.S. Gulf of Mexico crude oil and natural gas properties in 1988, Chevron became one of

the largest gas producers in the United States. Chevron merged with NGC Corporation in the

area of natural gas to from Dynegy in 1998. In 1993, Chevron formed Tengizchevroil, a joint

venture with the Republic of Kazakhstan, becoming the first Western oil company Kazakhstan.

In 2001, Chevron acquired Texaco for $37.5 billion and change its name yet again to Chevron

Texaco Corporation. But after sizable amounts on changing the name/logo on everything from

letterhead to the credit union's legal name, on May 9,2005, the name returned to the Chevron. In

2005, Chevron had another name changed opportunity through its acquisition of Unocal

Corporation. But this time it opted to leave the brand unchanged and reduced confusion. The

Unocal acquisition made Chevron the world's largest producer of geothermal energy.

Now in present Chevron is the second-largest energy company in the United States and among

the largest corporations in the world, based on market capitalization as of December 31,2008.

Headquartered in San Ramon, California, with the stock ticker symbol CVX, it conducts

business in more than 100 countries. Chevron engages in every aspects of the crudes oil and

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natural gas industry, including exploration and production, manufacturing, marketing and

transportation, chemicals manufacturing and sales, geothermal, power generation and renewable.

Its global workforce consisted of 66,000 employees at year-end 2008.

In 2008, Chevron produced 2.53 million barrels of net oil-equivalent per day. About 75 percentof that volume occurred outside the United States in more than 20 different countries. Chevron

had a global refining capacity of more than 2 MM barrels of oil per day at the end of 2008 and

invested $22.8 billion in capital projects last year. The marketing network supports more than

25,000 retail outlets on six continents, with investment in 13 power-generating facilities in the

United States and Asia. Of the 10,000 retail outlets in the United States

Chevron has had 21 consecutive annual increases in dividends, with dividends growing at an

average annual rate of 12 percent over the 5 past years. The growth rate is 7 percent for the last

21 years. At the end of March 2009, the dividend yield was about 4 percent. Over the last five

years, cash returned to the stockholders has totaled more than $46 billion, $ 25 billion in share

buybacks and over $21 MM in dividends. In March 2009, Chevron was presented with the

HART Energy Publishing Refiner of the year award, which is based on achievements in the

following categories: cleaner environment, investment and corporate growth and lastly vision.