Who owns Chevron?

Investors own Chevron. Michael K. Wirth has been the chief executive officer and chairman of the board of Chevron Corporation since February 2018. Wirth is the single largest shareholder (as of March 2021), with 1,245,835 shares of the company. Other top shareholders of the company include:

• James W. Johnson (976,813 shares)

• Joseph C. Geagea (796,295 shares)

The top institutional investors of the company include:

• The Vanguard Group (160,262,353 shares)

• Berkshire Hathaway (159,178,117 shares)

• SSga Funds Management, Inc (137,899,278 shares)

Chevron was founded as Pacific Coast Oil Co in 1879 in San Francisco, California. As the company grew, it changed structurally. In 1906, Pacific Coast Oil Co and Iowa Standard consolidated and created a new entity called Standard Oil Co. In 1911, the federal government broke Standard Oil into several pieces, one of which was Chevron.

Chevron is headquartered in San Ramon, California, and is broken down into two divisions:

• Upstream operations

• Downstream operations

Chevron is one of the latest companies in the world and is the second largest oil company in the United States (second only to ExxonMobil). As of August 2021, Chevron ranked 27th in the Fortune 500. Chevron is engaged in all aspects of the oil and natural gas industries, including hydrocarbon exploration/production and power generation.

Chevron's downstream operations manufacture and sell products such as fuels, lubricants, additives, and petrochemicals. In 2021, Chevron had annual revenue of $43 billion with over 42,000 employees working for the company.