Examination of Chevron’s Code of Conduct and Ethic’s Policy Essay

1372 WordsNov 20, 20146 Pages
Examination of Chevron’s Code of Conduct and Ethic’s Policy Company Overview: Chevron is one of the largest integrated energy companies in the world. Headquartered in San Ramon, California, and conducting business in approximately 180 countries, the company is engaged in every aspect of the oil and natural gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation . Chevron — including its share of equity affiliates — is among the largest publicly traded integrated energy companies in the world in net proved crude oil and natural gas reserves, adding 1.5 billion barrels-of-oil-equivalent (BOE) with the acquisition of Unocal in 2005. The company traces its earliest roots to an 1879 oil discovery at Pico Canyon, north of Los Angeles, a find that led to the formation of the Pacific Coast Oil Co., which later evolved into the Standard Oil Co. of California and, later, Chevron Corp. Another major root in the genealogical chart is the 1901 formation of The Texas Fuel Co. in Beaumont, Texas. It later became known as The Texas Co. and, eventually, Texaco Inc. In 2001, these entities merged to form ChevronTexaco. The name was changed to Chevron in 2005 to present a more unified presence in the global marketplace. The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as a global energy leader, enhancing assets in key basins around the world. With the addition of former Unocal employees, the company's diverse and highly skilled global work force stands at approximately 53,000 employees (excluding about 6,000 service station employees).In 2005, Chevron produced more than 2.5 million barrels of oil equivalent per day, with approximately 70 percent of the volume occurring outside the United States and in more than 20 different countries.The acquisition of Unocal in

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