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ChevronTexaco Corporation

ChevronTexaco Corporation ranks among the world's largest and most competitive global energy companies. With headquarters in California, US it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.

The company has a global, diverse and highly skilled workforce of more than 50,000 people who take pride in a commitment to community partnerships, social responsibility and environmental excellence.

Active in more than 180 countries, ChevronTexaco has reserves of nearly 12 billion barrels of oil and gas equivalent and daily production of about 2.6 million barrels. In addition, it has a global refining capacity of more than 2.2 million barrels per day and operates more than 21,000 service stations around the world under the Chevron, Texaco and Caltex brand names. The company also has interests in 30 power projects in operation or under development.

Wherever it operates, ChevronTexaco strives for world-class performance by the systematic management of safety, health, environment, reliability and efficiency. The company has developed unique project management tools, which enables it to make the best of its investment opportunities.

Governing its day-to-day business is a set of values known as 'the ChevronTexaco way', which establishes a common understanding for all who interact with the company. It also sets out the company’s vision: to be the global energy company most admired for its people, partnership and performance.

ChevronTexaco in the Middle East

For more than seven decades, ChevronTexaco has been involved in upstream and downstream activities in the Middle East. It played a pivotal role in the first oil discoveries in the region. In 1938, the company discovered its first oil in Saudi Arabia from the Dammam Dome No. 7 well. It went on to discover the world’s largest oil field - estimated at 60 million barrels - at Ghawar in 1948. It was these discoveries, together with the second-largest oil field - Burgan - in Kuwait that changed the face of the international petroleum industry.

ChevronTexaco has a long history in the Partitioned Neutral Zone (PNZ), which is owned jointly by Saudi Arabia and Kuwait. The company operates on behalf of the Kingdom of Saudi Arabia in this area.

Commitment

Today, the company maintains its long-term commitment to the region and pursues a range of petroleum interests. It is one of the top lifters of Iraqi crude and is in the top five lifters of Saudi crude - under contract with Saudi Aramaco it lifts more than 250,000 barrels per day for its own refining system. It also has an exploration program in Bahrain.

ChevronTexaco has a marketing presence in 11 of the region's countries. Working in joint ventures and with its own distinctive Caltex brand it markets fuel, auto and marine lubricants throughout the region.
In several Middle Eastern countries, ChevronTexaco provides access to technical experts and best practices, as a commitment to becoming the long-term partner of choice for national oil companies.

ChevronTexaco also plays a prominent role in the region’s chemical industry via its 50 per cent ownership of ChevronPhillips Chemical Company LLC (CPChem).

Partnership

ChevronTexaco has a strong track record in the Middle East. Working in partnership with other national oil companies, governments, private business and communities is at the core of its business. The company’s working relationships are marked by trust and respect.

The company’s economic investments have created more than just jobs. They have also provided resources, education, training and development opportunities to national employees at all levels. In Saudi Arabia, for instance, more than 90 per cent of its employees are Saudi nationals and many hold jobs at the highest levels of management.

For more information, please visit our web site:
www.chevrontexaco.com

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