CHEVRON

Chevron Corporation is a multinational energy corporation headquartered in San Ramon, California with business spanning across 180 countries worldwide.

Chevron Corporation has a rich history that dates back to 1876 when one of Chevron Corporation’s predecessors, Star Oil discovered Oil at the Pico Canyon Oilfield located in North of Los Angeles in the Santa Susana Mountains. This discovery was considered as the very beginning of the modern oil industry in California.

In 1879, Star Oil’s assets were acquired by Pacific Coast Oil Company and it subsequently became the largest oil interest in California by the time Standard Oil acquired the company in 1990.

Pacific Coast Oil Company continued to operate independently despite this acquisition and was merged with a subsidiary of Standard Oil to become Standard Oil Company, or otherwise known as California Standard.

When Standard Oil was broken into several pieces by the federal government in 1911, Standard Oil Co. (California) formed as a result and it would later become what it is known as today, Chevron Corporation.

During the 1930s, the name Chevron was used for some retail products with the name Calso also being used in states located outside of the native West Coast territory some time from 1946 until 1955.

Chevron Corporation was legally named as it is known today in 2013 as result of the retail brand name Chevron already having been used for decades.

In exchange for approximately 25% stake in NGC Corporation, Chevron Corporation transferred some of its operations pertaining to natural gas gathering, operations and marketing to NGC Corporation, who would later change its name to Dynegy, Inc.

The stake that Chevron Corporation had in NGC Corporation increased to 28% after a merger between Dynegy, Inc. and Illinova Corp. resulted in Illinova Corp. gaining its position as a wholly owned subsidiary of Dynegy, Inc.

During 2007, the stake that Chevron Corporation had in Dynegy, Inc. was subsequently sold for $985 million which resulted in gain of $680 million.

Texaco announced its purchase of the share that GM had in GM Ovonics in 2000 with Chevron Corporation announcing the acquisition of the company in late 2000, resulting in the creation of the United States’ second largest oil company.

This acquisition was completed in late 2001 and ChevronTexaco was the result from this particular merger followed by the merger that it would return to the Chevron name in addition to Texaco remaining as a separate brand under Chevron Corporation.

Chevron became a substantial producer of geothermal energy through the purchase of Unocal Corporation in 2005 and this purchase in turn increased Chevron Corporation’s reserves pertaining to petroleum and natural gas by approximately 15%.

The recovery of hydrocarbons from oil shale was undertaken when Chevron Corporation and the Los Alamos National Laboratory initiated a cooperation and this extraction became known as Chevron CRUSH.

For over a century, Chevron Corporation had a presence in South Africa when it decided to exit the country during 2016.

Carbon Clean Solutions became an investment venture between Chevron Corporation and WAVE Equity Partners which occurred in February 2025.

Chevron Corporation oversees a high-value, extensive and vast portfolio of upstream, mid-stream and downstream assets and operations in addition to alternative energy operations in around 180 countries worldwide.

Today, the Standard Oil trademark is wholly owned by Chevron Corporation in 16 states in both the western and south-eastern parts of the United States.

Chevron Corporation maintains its ownership of the mark by not only owning, but also operating a Standard-branded Chevron station in each of the states in the area.

Chevron Corporation has seen significant growth, development and expansion since its early history which has resulted in it ranking eleventh in the Fortune 500 list of Top US closely held and public corporations as of 2019.

In addition, Chevron Corporation also ranked 28th on the Fortune Global 500 list amidst 500 other corporations worldwide and it forms part of the Seven Sisters.

The Seven Sisters are known to have substantially dominated the global petroleum industry from mid-1940 until the 1970s.

As direct result of the Covid-19 pandemic, Chevron Corporation has been forced to slash costs in order to protect dividends from the virus.

Capital expenditures were significantly reduced by an additional $2 billion to a total of $14 billion while also lowering operating costs to approximately $1 billion in response to the result originating from the impact of the pandemic.

Capital spending was cut by $4 billion in March and furthermore, share buybacks were suspended in an attempt to reserve finances

Despite this, Chevron Corporation reported increased earnings YOY which have been driven by downstream margins in addition to increased output generated by the Permian basin.

Despite the current and upcoming challenges faced during the pandemic, Chevron Corporation makes consistent, conceited efforts in ensuring that energy is delivered to ensure the continuous powering of homes and facilities that are essential during this time.

Chevron Corporation trades its shares on the New York Stock Exchange (NYSE) under the stock symbol CVX as well and forms part of the DJIA, S&P 100 and S&P 500 components.

Data pertaining to the analysis done on the market performance for the end of the first quarter of 2025, which ended in March, indicated first quarter earnings of $3.6 billion in addition to a cash flow from operations of $4.7 billion.

The protection of dividends through actions taken was done with the intention of sustaining long-term value in addition to preserving cash. With the sale of upstream assets in the Philippines, there was a substantial gain of $240 million.

In addition to this, favourable tax items totalled to $440 million which is attributable specifically to the international upstream.

Earnings in the first quarter were particularly increased by Foreign currency affects, resulting in increased earnings which amounted to $514 million.

After the analysis on the first quarter result, in comparison with that of 2019’s first quarter, there was a clear indication of an increase in quarter earnings.

Although this was substantial, there was a significant drop in commodity prices in March with the continued weakness of such flowing over into the second quarter as a result of the ongoing Covid-19 pandemic.

These unprecedented challenges are being tended to through decision-making and actions towards making changes that are within the control of Chevron Corporation in addition to commitments towards the company’s long-term health and value.

Despite the current and foreseeable challenges faced due to the pandemic, shareholders who buy or sell shares can yet expect solid dividends and returns as the company takes necessary action to protect dividends, amongst other things.

Energy

Oil and Gas

1. Navigate to the AvaTrade website and select ‘Register’
2. Complete the registration form with the required information and submit documentation to verify your proof of Identity along with your proof of address.
3. As soon as your account application has been reviewed and approved, you can select your trading platform from AvaTrade’s website, or by visiting the MetaTrader 4 or MetaTrader 5 websites respectively to start download.
4. Once you have downloaded the trading platform of your choice, you can use your AvaTrade live account details to log into your AvaTrade account on the trading platform.
5. From the Market Watch screen on both MetaTrader 4 and MetaTrader 5, you can select ‘Chevron’ to buy/purchase shares.
6. Alternatively, you can make use of AvaTrade’s online Web Trader or the AvaTradeGo mobile application.

Buying shares has never been this convenient and easy. #myfirstshare

View more global shares for sale – here.

• Leverage of up to 1:20
• Being able to trade stocks on the NYSE, NASDAQ, FTSE, and various others.
• Indices, stocks, and commodities can all be traded form a single screen.
• Client support is presented live in a multitude of languages.
• Traders have exclusive access to a variety of educational tools
• Trades can be executed across multiple platforms

More shares that can be purchased / traded through AvaTrade, can be viewed here.

• Can I buy Chevron Corp shares in South Africa?
  Yes, you can.

• How to buy Chevron Corp shares
  By simply opening a free account on SA Shares, or by clicking the “Buy this Share” button to get started.

• What is the current share price?
  By clicking on the link provided above, you can view the real-time Chevron Corp  share price on the platform.

• Is Chevron Corp a good share to buy?
  No, not at the present time. With the company making decisions in order to protect and ensure the long-term health and value of the company, it is not advisable to invest in these shares right now until finances can be more accurately forecasted for the remainder of 2025.

• Can I buy Chevron Corp CFD through SA Shares?
  Yes, you can.