Chevron, established in 1879, is one of the largest energy companies in the world, active in global oil and gas production and exploration1. Chevron is headquartered in the United States, but maintains operations around the world. In fact, 75% of its 2012 nnet production of 2.61 million barrels of oil per day was produced outside of the United States2. It is involved in many different aspects of the energy industry, including producing and transporting crude oil and natural gas, refining and distributing fuels and lubricants, manufacturing and selling petrochemical products, generating power, producing geothermal energy, providing renewable energy and energy efficient resources, and researching biofuels.
Chevron faces harsh criticism as its numerous business activities are connected to serious environmental and social problems. The company itself claims to be committed to protecting the environment, respecting human rights and addressing climate change3. Chevron has not signed the UN Global Compact. As of December 2014, at least 10 investors have excluded Chevron from their investment universe, including FDC (Fonds de compensation) in Luxemburg.
Investor information correct as at publication of Dirty Profits 3.