Chevron Corp. (CVX)

Chevron Corporation operates as an integrated energy company worldwide. The company’s Petroleum operations include the exploration, development, production, and marketing of crude oil and natural gas; refining, marketing, and transportation operations include refining crude oil into finished petroleum products; marketing crude oil and products derived from petroleum; and transporting crude oil, natural gas, and petroleum products by pipeline, marine vessel, motor equipment, and rail car. Its chemical operations include manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant oil additives. The company also engages in coal mining, power generation, insurance, and real estate activities. The company was founded in 1879. It was formerly known as Standard Oil Company of California and changed its name to Chevron Corporation in 1984. Further, it changed its name to ChevronTexaco Corporation in 2001 and to Chevron Corporation in 2005. Chevron Corporation is based in San Ramon, California.

For the nine months ended 30 September 2006, Chevron Corporation's revenues rose 12% to $162.37B. Net income rose 34% to $13.37B. Revenues reflect increased production of crude oil, higher prices for crude oil & refined product and increase in income from equity affiliates of both Chevron Phillips Chemical Co., Tengizchevroil & Dynegy. Net income also reflects improved gross margins and decreased non income tax expenses.