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Caspian Pipeline Consortium

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The Caspian Pipeline Consortium ( CPC ) is a consortium and an oil pipeline that transports Caspian oil from the Tengiz oil field in Kazakhstan to the Novorossiysk -2 Marine Terminal, an export terminal at the Russian Black Sea port of Novorossiysk . It is one of the world's largest pipelines and a major export route for oil from the Kashagan and Karachaganak fields. The CPC pipeline transfers about 1% of global oil supply and handles almost all of Kazakhstan's oil exports. In 2021, the pipeline exported up to 1.3 million barrels per day (bpd) of Kazakhstan's main crude grade , light sour CPC Blend, which represented 80% of Kazakhstan's total oil production of 1.6 million bpd.

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148-590: The pipeline's largest shareholders include Chevron and Exxon . As of 2009, the CPC pipeline was the only oil export pipeline in Russian territory not wholly owned by Transneft . CPC was initially created in 1992 as a development by the Russian, Kazakhstani and Omani governments to build a dedicated pipeline from Kazakhstan to export routes in the Black Sea . Chevron Corporation was asked to join, however talks broke down due to

296-561: A failed war in northern Korea provoked widespread unrest. Under the succeeding Tang and Song dynasties , Chinese economy, technology, and culture entered a golden age. The Tang dynasty retained control of the Western Regions and the Silk Road, which brought traders to as far as Mesopotamia and the Horn of Africa , and made the capital Chang'an a cosmopolitan urban center. However, it

444-841: A shale oil extraction process named Chevron CRUSH . In 2006, the United States Department of the Interior issued a research, development and demonstration lease for Chevron's demonstration oil shale project on public lands in Colorado's Piceance Basin . In February 2012, Chevron notified the Bureau of Land Management and the Department of Reclamation, Mining and Safety that it intended to divest this lease. Starting in 2010, Chevron began to reduce its retail footprint and expand in domestic natural gas. In July 2010, Chevron ended retail operations in

592-532: A 30 percent holding in its Canadian oil shale holdings to Kuwait 's state-owned oil company Kuwait Oil Company for a fee of $ 1.5 billion. Despite these sales, Chevron continued to explore acquisitions, a trend which had reinvigorated in 2019 and extended throughout the COVID-19 pandemic . In April 2019, Chevron announced its intention to acquire Anadarko Petroleum in a deal valued at $ 33 billion, but decided to focus on other acquisitions shortly afterwards when

740-401: A climate very suitable for agriculture and the country has been the world's largest producer of rice, wheat, tomatoes, eggplant, grapes, watermelon, spinach, and many other crops. In 2021, 12 percent of global permanent meadows and pastures belonged to China, as well as 8% of global cropland. China is one of 17 megadiverse countries , lying in two of the world's major biogeographic realms :

888-562: A combined 400,000 barrels per day.from two offshore projects. With the potential to develop 10 more projects, Guyana becomes one of the fastest-growing oil regions that Chevron now has access to. In 2023, Chevron entered into a 10-year agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to license, manufacture, distribute and sell Chevron lubricants in India under the Caltex brand. In August 2024, Chevron earmarked $ 1 billion in

1036-534: A combined market value of approximately $ 95 billion. Completed on October 9, 2001, Chevron temporarily renamed itself to ChevronTexaco between 2001 and 2005; after the company reverted its name to Chevron, Texaco became used as a brand by the company for some of its fueling stations. 2005 also saw Chevron purchase Unocal Corporation for $ 18.4 billion, increasing the company's petroleum and natural gas reserves by about 15%. Because of Unocal's large South East Asian geothermal operations, Chevron became

1184-555: A company that provides portable carbon capture technology for the oil field and other industrial facilities. Two years later, Chevron announced that they will acquire Renewable Energy Group , a biodiesel production company based in Ames, Iowa . The acquisition was completed just under four months later on June 13. In the Americas, Chevron acquired natural gas company Beyond6, LLC (B6) and its network of 55 compressed natural gas stations across

1332-521: A cultural identity among its populace still remembered in the ethnonym of the modern Han Chinese . The Han expanded the empire's territory considerably , with military campaigns reaching Central Asia, Mongolia , Korea , and Yunnan , and the recovery of Guangdong and northern Vietnam from Nanyue . Han involvement in Central Asia and Sogdia helped establish the land route of the Silk Road , replacing

1480-474: A deal could not be reached. Despite the failed acquisition of Andarko, Chevron did acquire Noble Energy for $ 5 billion in July 2020. Chevron was not spared from the pandemic, however, as Chevron announced reductions of 10–15% of its workforce due to both the pandemic and a 2020 oil price war between Russia and Saudi Arabia . During the pandemic, Chevron considered a merger with rival ExxonMobil in 2020 during

1628-613: A disputed land border with India and Bhutan . China is additionally involved in maritime disputes with multiple countries over territory in the East and South China Seas , such as the Senkaku Islands and the entirety of South China Sea Islands . The People's Republic of China is a one-party state governed by the Chinese Communist Party (CCP). The CCP is officially guided by socialism with Chinese characteristics , which

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1776-581: A domestic gas plant with the capacity to provide 300 terajoules per day to supply gas to Western Australia. It is also developing the Wheatstone liquefied natural gas development in Western Australia. The foundation phase of the project is estimated to cost $ 29 billion; it will consist of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure. In August 2014

1924-700: A far-reaching popular uprising (the May Fourth Movement ). In the late 1920s, the Kuomintang under Chiang Kai-shek was able to reunify the country under its own control with a series of deft military and political maneuverings known collectively as the Northern Expedition . The Kuomintang moved the nation's capital to Nanjing and implemented "political tutelage", an intermediate stage of political development outlined in Sun Yat-sen's Three Principles of

2072-471: A high density of plant species including numerous rare endemics. Tropical and seasonal rainforests , though confined to Yunnan and Hainan , contain a quarter of all the animal and plant species found in China. China has over 10,000 recorded species of fungi . In the early 2000s, China has suffered from environmental deterioration and pollution due to its rapid pace of industrialization. Regulations such as

2220-694: A joint venture with California Standard named Caltex , to drill and produce oil in Saudi Arabia . According to energy analyst and activist shareholder Antonia Juhasz , the Texas Fuel Company and California Standard were often referred to as the "terrible twins" for their cutthroat business practices. In 1911, the federal government broke Standard Oil into several pieces under the Sherman Antitrust Act . One of those pieces, Standard Oil Co. (California), went on to become Chevron. It became part of

2368-618: A key role in helping Nicolas Maduro's government dodge US economic sanctions, using his Syrian and Lebanese parentage to open up new business channels to Iran and Turkey . On January 5, 2022, Chevron temporarily decreased production in Kazakhstan 's Tengiz Field due to the 2022 Kazakh protests , which were motivated by heavy oil price increases. Later that month, Chevron also announced it would end all operations in Myanmar , citing rampant human rights abuses and deteriorating rule of law since

2516-532: A large producer of geothermal energy . The deal did not include Unocal's former retail operations including the Union 76 trademark, as it had sold that off to Tosco Corporation in 1997. The 76 brand is owned by Phillips 66 , unaffiliated with Chevron. Chevron and the Los Alamos National Laboratory started a cooperation in 2006, to improve the recovery of hydrocarbons from oil shale by developing

2664-659: A license to the Gulf trademark in the Northeastern United States since 1986. In 1996, Chevron transferred its natural gas gathering, operating and marketing operation to NGC Corporation (later Dynegy) in exchange for a roughly 25% equity stake in NGC. In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc. and Chevron's stake increased up to 28%. However, in May 2007, Chevron sold its stake in

2812-489: A major focus, special economic zones (SEZs) were created. Inefficient state-owned enterprises (SOEs) were restructured and some closed. This marked China's transition away from planned economy. China adopted its current constitution on 4 December 1982. In 1989, there were protests such those in Tiananmen Square , and then throughout the entire nation. Zhao Ziyang was put under house arrest for his sympathies to

2960-461: A new research and development (R&D) hub called Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru , India. The first logo featured the legend "Pacific Coast Oil Co.", the name adopted by the company when it was established in 1879. Successive versions showed the word 'Standard' (for "The Standard Oil of California"). In 1968, the company introduced the word 'Chevron' (which

3108-404: A permanent navy which was supported by the developed shipbuilding industry along with the sea trade. Between the 10th and 11th century CE, the population of China doubled to around 100 million people, mostly because of the expansion of rice cultivation in central and southern China, and the production of abundant food surpluses. The Song dynasty also saw a revival of Confucianism , in response to

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3256-560: A population exceeding 1.4 billion, it is the second-most populous country after India , representing 17.4% of the world population. China spans the equivalent of five time zones and borders fourteen countries by land . With an area of nearly 9.6 million square kilometers (3,700,000 sq mi), it is the third-largest country by total land area. The country is divided into 33 province-level divisions : 22 provinces , five autonomous regions , four municipalities , and two semi-autonomous special administrative regions . Beijing

3404-508: A regional headquarters there as of 2013, partially for Marcellus Shale -related drilling. The same year, Standard Oil of California also took the opportunity to change its legal name to Chevron Corporation , since it had already been using the well-known "Chevron" retail brand name for decades. Chevron would sell the Gulf Oil trademarks for the entire U.S. to Cumberland Farms , the parent company of Gulf Oil LP , in 2010 after Cumberland Farms had

3552-653: A significant gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in Western Australia, in which Chevron has a 50% interest was announced. The company also has an interest in the North West Shelf Venture , equally shared with five other investors including BP , BHP Petroleum , Shell , Mitsubishi / Mitsui and Woodside . Presently, Chevron is looking to convert its Gorgon Island operations from upstream production to carbon capture and storage . In

3700-454: Is Marxism adapted to Chinese circumstances . The Chinese constitution states that the PRC "is a socialist state governed by a people's democratic dictatorship that is led by the working class and based on an alliance of workers and peasants," that the state institutions "shall practice the principle of democratic centralism ," and that "the defining feature of socialism with Chinese characteristics

3848-644: Is "China" ( 中国 ; 中國 ; Zhōngguó ), from zhōng ('central') and guó ('state'), a term which developed under the Western Zhou dynasty in reference to its royal demesne . It was used in official documents as an synonym for the state under the Qing . The name Zhongguo is also translated as 'Middle Kingdom' in English. China is sometimes referred to as " mainland China " or "the Mainland" when distinguishing it from

3996-829: Is bounded by the Bohai , Yellow , East China and South China seas. China connects through the Kazakh border to the Eurasian Steppe . The territory of China lies between latitudes 18° and 54° N , and longitudes 73° and 135° E . The geographical center of China is marked by the Center of the Country Monument at 35°50′40.9″N 103°27′7.5″E  /  35.844694°N 103.452083°E  / 35.844694; 103.452083  ( Geographical center of China ) . China's landscapes vary significantly across its vast territory. In

4144-569: Is commonly agreed that pre-modern China's population experienced two growth spurts, one during the Northern Song period (960–1127), and other during the Qing period (around 1700–1830). By the High Qing era China was possibly the most commercialized country in the world, and imperial China experienced a second commercial revolution by the end of the 18th century. On the other hand, the centralized autocracy

4292-461: Is home to a variety of forest types. Cold coniferous forests predominate in the north of the country, supporting animal species such as moose and Asian black bear , along with over 120 bird species. The understory of moist conifer forests may contain thickets of bamboo . In higher montane stands of juniper and yew , the bamboo is replaced by rhododendrons . Subtropical forests, which are predominate in central and southern China, support

4440-515: Is poised to be the world's largest storage facility for hydrogen in renewable energy . In October 2023, Chevron Corporation acquired Hess Corporation in an all-stock deal for $ 53 billion. The acquisition, which was announced on October 23, 2023, opens up new opportunities in the US shale plays and in oil-rich Guyana . Hess Corp, Exxon Mobil and China 's CNOOC , key players in Guyana, have been producing

4588-451: Is protected by law, and as of 2005 , the country has over 2,349 nature reserves , covering a total area of 149.95 million hectares, 15 percent of China's total land area. Most wild animals have been eliminated from the core agricultural regions of east and central China, but they have fared better in the mountainous south and west. The Baiji was confirmed extinct on 12 December 2006. China has over 32,000 species of vascular plants, and

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4736-518: Is the country's capital, while Shanghai is its most populous city by urban area and largest financial center . China is considered one of the cradles of civilization : the first human inhabitants in the region arrived during the Paleolithic . By the late 2nd millennium BCE, the earliest dynastic states had emerged in the Yellow River basin. The 8th–3rd centuries BCE saw a breakdown in

4884-447: Is the direct ancestor of modern Chinese characters . The Shang were overthrown by the Zhou , who ruled between the 11th and 5th centuries BCE, though the centralized authority of Son of Heaven was slowly eroded by fengjian lords. Some principalities eventually emerged from the weakened Zhou and continually waged war with each other during the 300-year Spring and Autumn period . By

5032-401: Is the leadership of the Chinese Communist Party." The PRC officially terms itself as a democracy , using terms such as "socialist consultative democracy", and " whole-process people's democracy ". However, the country is commonly described as an authoritarian one-party state and a dictatorship , with among the heaviest restrictions worldwide in many areas, most notably against freedom of

5180-629: Is the owner of the Standard Oil trademark in 16 states in the western and southeastern United States. Since American trademark law operates under a use-it-or-lose-it rule, the company owns and operates one Standard-branded Chevron station in each state of the area. However, though Chevron (as CalSo) acquired Kyso in the 1960s, its status in Kentucky is unclear after Chevron withdrew its brand from retail sales from Kentucky in July 2010. The 'Chevron' name came into use for some of its retail products in

5328-559: Is the world's leading investor in renewable energy and its commercialization , with $ 546 billion invested in 2022; it is a major manufacturer of renewable energy technologies and invests heavily in local-scale renewable energy projects. Long heavily relying on non-renewable energy sources such as coal, China's adaptation of renewable energy has increased significantly in recent years, with their share increasing from 26.3 percent in 2016 to 31.9 percent in 2022. In 2023, 60.5% of China's electricity came from coal (largest producer in

5476-1028: Is well known for its slogan "the human energy company", a campaign first launched in September 2007. In a corporate blog, Chevron states "human energy" was chosen as their campaign's slogan and focus because "human energy captures our positive spirit in delivering energy to a rapidly changing world". The slogan remains prominent in Chevron advertising, and Chevron has derived from this slogan to use phrases in marketing such as "it's only human". As of December 31, 2018, Chevron had approximately 48,600 employees (including about 3,600 service station employees). Approximately 24,800 employees (including about 3,300 service station employees), or 51 percent, were employed in U.S. operations. Chevron's dominant regions of production are North America, which produces 1.2 billion barrels of oil equivalent (BBOE), and Eurasia, which produces 1.4 BBOE. Chevron's Eurasian-Pacific operations are concentrated in

5624-672: The Encyclopædia Britannica , to 9,596,961 km (3,705,407 sq mi) according to the UN Demographic Yearbook , and The World Factbook . China has the longest combined land border in the world , measuring 22,117 km (13,743 mi) and its coastline covers approximately 14,500 km (9,000 mi) from the mouth of the Yalu River (Amnok River) to the Gulf of Tonkin . China borders 14 nations and covers

5772-452: The 18th CCP National Congress in 2012. Shortly after his ascension to power, Xi launched a vast anti-corruption crackdown , that prosecuted more than 2 million officials by 2022. During his tenure , Xi has consolidated power unseen since the initiation of economic and political reforms. China's landscape is vast and diverse, ranging from the Gobi and Taklamakan Deserts in the arid north to

5920-544: The 2021 Myanmar coup d'état . A statement released by the company on its website stated while Chevron was committed to an orderly exit which ensured it could still provide energy to Southeast Asia, Chevron remained firmly opposed to the human rights violations committed by the current military rule in Myanmar . Also in 2022, Chevron was reported to explore the sale of stakes in three fields located in Equatorial Guinea . It

6068-483: The Bermuda Islands in 1992. It is split into two companies: CPC-R operates the Russian section of the pipeline and CPC-K operates the Kazakh section. The shareholders of the consortium are: Chevron Corporation Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas . The second-largest direct descendant of Standard Oil , and originally known as

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6216-738: The Cultural Revolution , sparking a decade of political recrimination and social upheaval that lasted until Mao's death in 1976. In October 1971, the PRC replaced the ROC in the United Nations, and took its seat as a permanent member of the Security Council. After Mao's death, the Gang of Four was arrested by Hua Guofeng and held responsible for the Cultural Revolution. The Cultural Revolution

6364-618: The Kuomintang and the Communists led to the resumption of civil war. Constitutional rule was established in 1947, but because of the ongoing unrest, many provisions of the ROC constitution were never implemented in mainland China. Afterwards, the CCP took control of most of mainland China, and the ROC government retreated offshore to Taiwan . On 1 October 1949, CCP Chairman Mao Zedong formally proclaimed

6512-549: The Northern Chinese Famine of 1876–1879 , in which between 9 and 13 million people died. The Guangxu Emperor drafted a reform plan in 1898 to establish a modern constitutional monarchy , but these plans were thwarted by the Empress Dowager Cixi . The ill-fated anti-foreign Boxer Rebellion of 1899–1901 further weakened the dynasty. Although Cixi sponsored a program of reforms known as the late Qing reforms ,

6660-602: The Palearctic and the Indomalayan . By one measure, China has over 34,687 species of animals and vascular plants, making it the third-most biodiverse country in the world, after Brazil and Colombia . The country is a party to the Convention on Biological Diversity ; its National Biodiversity Strategy and Action Plan was received by the convention in 2010. China is home to at least 551 species of mammals (the third-highest in

6808-717: The RCEP . It is a member of the BRICS , the G20 , APEC , the SCO , and the East Asia Summit . Making up around one-fifth of the world economy, the Chinese economy is the world's largest economy by PPP-adjusted GDP , the second-largest economy by nominal GDP , and the second-wealthiest country , albeit ranking poorly in measures of democracy , human rights and religious freedom . The country has been one of

6956-562: The Republic of China (ROC) was established the following year. The country under the nascent Beiyang government was unstable and ultimately fragmented during the Warlord Era , which was ended upon the Northern Expedition conducted by the Kuomintang (KMT) to reunify the country. The Chinese Civil War began in 1927, when KMT forces purged members of the rival Chinese Communist Party (CCP), who proceeded to engage in sporadic fighting against

7104-716: The Republic of China or the PRC's Special Administrative Regions . Archaeological evidence suggests that early hominids inhabited China 2.25 million years ago. The hominid fossils of Peking Man , a Homo erectus who used fire , have been dated to between 680,000 and 780,000 years ago . The fossilized teeth of Homo sapiens (dated to 125,000–80,000 years ago) have been discovered in Fuyan Cave . Chinese proto-writing existed in Jiahu around 6600 BCE, at Damaidi around 6000 BCE, Dadiwan from 5800 to 5400 BCE, and Banpo dating from

7252-403: The Rosebank oil and gas field west of Shetland was being evaluated by Chevron and its partners. Chevron drilled its discovery well there in 2004. Production was expected in 2015 if a decision was made to produce from the field. The geology and weather conditions are challenging. China China , officially the People's Republic of China ( PRC ), is a country in East Asia . With

7400-412: The Silk Road , and the building of the Great Wall , Chinese culture flourished and has heavily influenced both its neighbors and lands further afield. However, China began to cede parts of the country in the late 19th century to various European powers by a series of unequal treaties . After decades of Qing China on the decline, the 1911 Revolution overthrew the Qing dynasty and the monarchy and

7548-403: The Standard Oil Company of California (shortened to Socal or CalSo ), it is active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration , production , refining , marketing and transport, chemicals manufacturing and sales, and power generation . Founded originally in Southern California during the 1870s, the company

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7696-414: The State Council , China's cabinet, composed of four vice premiers, state councilors , and the heads of ministries and commissions. The Chinese People's Political Consultative Conference (CPPCC) is a political advisory body that is critical in China's " united front " system, which aims to gather non-CCP voices to support the CCP. Similar to the people's congresses, CPPCC's exist at various division, with

7844-421: The Tiananmen Square protests and massacre in 1989. China is a unitary one-party socialist republic led by the CCP. It is one of the five permanent members of the UN Security Council ; the UN representative for China was changed from the ROC to the PRC in 1971. It is a founding member of several multilateral and regional organizations such as the AIIB , the Silk Road Fund , the New Development Bank , and

7992-438: The Turpan Depression . China's climate is mainly dominated by dry seasons and wet monsoons , which lead to pronounced temperature differences between winter and summer. In the winter, northern winds coming from high-latitude areas are cold and dry; in summer, southern winds from coastal areas at lower latitudes are warm and moist. A major environmental issue in China is the continued expansion of its deserts , particularly

8140-407: The U.S. Department of Justice and U.S. Environmental Protection Agency , Chevron and Phillips failed to properly flare at the plants, causing excess air pollution. The companies agreed to add pollution control systems to the plants as well. Despite the major oil and gas companies, including Chevron, reporting sharp rises in interim revenues and profits due to Russia's 2022 invasion of Ukraine ,

8288-529: The United Kingdom , Southeast Asia , Kazakhstan , Australia , Bangladesh , and greater China . Chevron additionally operates in South America, the west coast of sub-Saharan Africa (mainly Nigeria and Angola ), Egypt , and Iraq ; these four regions collectively produce 0.4 BBOE. Chevron's largest revenue products are shale and tight , though produces considerable revenue from heavy oil , deepwater offshore drilling , conventional oil, and liquefied natural gas . In October 2015, Chevron announced that it

8436-481: The World Trade Organization in 2001. At the 16th CCP National Congress in 2002, Hu Jintao succeeded Jiang as the general secretary. Under Hu, China maintained its high rate of economic growth, overtaking the United Kingdom, France, Germany and Japan to become the world's second-largest economy. However, the growth also severely impacted the country's resources and environment, and caused major social displacement. Xi Jinping succeeded Hu as paramount leader at

8584-433: The Xi , Mekong , Brahmaputra and Amur . To the west sit major mountain ranges, most notably the Himalayas. High plateaus feature among the more arid landscapes of the north, such as the Taklamakan and the Gobi Desert. The world's highest point, Mount Everest (8,848 m), lies on the Sino-Nepalese border. The country's lowest point, and the world's third-lowest, is the dried lake bed of Ayding Lake (−154 m) in

8732-426: The Xinhai Revolution of 1911–1912 ended the Qing dynasty and established the Republic of China . Puyi , the last Emperor, abdicated in 1912 . On 1 January 1912, the Republic of China was established, and Sun Yat-sen of the Kuomintang (KMT) was proclaimed provisional president. In March 1912, the presidency was given to Yuan Shikai , a former Qing general who in 1915 proclaimed himself Emperor of China . In

8880-523: The breakup of Standard Oil by continuing to acquire companies and partnering with others both inside and outside of California, eventually becoming one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. In 1985, Socal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron; the newly merged company later merged with Texaco in 2001. Chevron manufactures and sells fuels, lubricants, additives, and petrochemicals, primarily in Western North America ,

9028-422: The campaigns against Western Xia by Genghis Khan , who also invaded Jin territories . In 1271, the Mongol leader Kublai Khan established the Yuan dynasty , which conquered the last remnant of the Song dynasty in 1279. Before the Mongol invasion, the population of Song China was 120 million citizens; this was reduced to 60 million by the time of the census in 1300. A peasant named Zhu Yuanzhang overthrew

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9176-438: The fastest-growing major economies and is the world's largest manufacturer and exporter , as well as the second-largest importer . China is a nuclear-weapon state with the world's largest standing army by military personnel and the second-largest defense budget . It is a great power , and has been described as an emerging superpower . China is known for its cuisine and culture, and has 59 UNESCO World Heritage Sites ,

9324-399: The second-highest number of any country . The word "China" has been used in English since the 16th century; however, it was not used by the Chinese themselves during this period. Its origin has been traced through Portuguese , Malay , and Persian back to the Sanskrit word Cīna , used in ancient India . "China" appears in Richard Eden 's 1555 translation of the 1516 journal of

9472-422: The subtropical forests in the wetter south. The Himalaya , Karakoram , Pamir and Tian Shan mountain ranges separate China from much of South and Central Asia . The Yangtze and Yellow Rivers, the third- and sixth-longest in the world, respectively, run from the Tibetan Plateau to the densely populated eastern seaboard. China's coastline along the Pacific Ocean is 14,500 km (9,000 mi) long and

9620-434: The " Seven Sisters ", which dominated the world oil industry in the early 20th century. In 1926, the company changed its name to Standard Oil Co. of California (SOCAL). By the terms of the breakup of Standard Oil, at first Standard of California could use the Standard name only within its original geographic area of the Pacific coast states, plus Nevada and Arizona; outside that area, it had to use another name. Today, Chevron

9768-418: The "Pacific Coast Oil Company", which acquired the assets of Star Oil with $ 1 million in funding. Pacific Coast Oil eventually became the largest oil interest in California, and in 1900, John D. Rockefeller 's Standard Oil acquired Pacific Coast Oil for $ 761,000. In 1906, the Pacific Coast acquired the business operations and assets of the Standard Oil Company (Iowa) . At this time, Pacific renamed itself

9916-421: The 1930s. The name "Calso" was also used from 1946 to 1955, in states outside its native West Coast territory. Standard Oil Company of California ranked 75th among United States corporations in the value of World War II military production contracts. In 1933, Saudi Arabia granted California Standard a concession to find oil, which led to the discovery of oil in 1938. In 1948, California Standard discovered

10064-440: The 1979 Environmental Protection Law are fairly stringent, though they are poorly enforced, frequently disregarded in favor of rapid economic development. China has the second-highest death toll because of air pollution, after India , with approximately 1 million deaths. Although China ranks as the highest CO 2 emitting country, it only emits 8 tons of CO 2 per capita , significantly lower than developed countries such as

10212-406: The 2010s. In 2020, the Chinese government announced its aims for the country to reach its peak emissions levels before 2030, and achieve carbon neutrality by 2060 in line with the Paris Agreement , which, according to Climate Action Tracker , would lower the expected rise in global temperature by 0.2–0.3 degrees – "the biggest single reduction ever estimated by the Climate Action Tracker". China

10360-405: The 5th millennium BCE. Some scholars have suggested that the Jiahu symbols (7th millennium BCE) constituted the earliest Chinese writing system. According to traditional Chinese historiography , the Xia dynasty was established during the late 3rd millennium BCE, marking the beginning of the dynastic cycle that was understood to underpin China's entire political history. In the modern era,

10508-409: The Biden administration as well as from news commentators within the United States. The 2020s also saw efforts by Chevron to expand into the clean energy industry. Across the 2020s, Chevron invested stakes into fusion power companies, the two largest of them being Zap Energy and TAE Technologies . September 2023 saw Chevron acquire a majority stake in a Utah hydrogen storage facility, which

10656-537: The Bottleneck Elimination Program (BEP), which provides for expansion of the Tengiz - Novorossiysk oil pipeline capacity to at least 72.5 million tons per year. The diameter of the 1,510 kilometres (940 mi) long oil pipeline varies between 1,016 millimetres (40.0 in) and 1,067 millimetres (42.0 in). There are five pumping stations. The marine terminal includes two single point moorings and

10804-640: The British under the 1842 Treaty of Nanking , the first of what have been termed as the " unequal treaties ". The First Sino-Japanese War (1894–1895) resulted in Qing China's loss of influence in the Korean Peninsula , as well as the cession of Taiwan to Japan . The Qing dynasty also began experiencing internal unrest in which tens of millions of people died, especially in the White Lotus Rebellion ,

10952-446: The CCP. The NPC is dominated by the CCP, with another eight minor parties having nominal representation under the condition of upholding CCP leadership. The president is elected by the NPC. The presidency is the ceremonial state representative, but not the constitutional head of state. The incumbent president is Xi Jinping, who is also the general secretary of the CCP and the chairman of

11100-609: The Central Military Commission , making him China's paramount leader and supreme commander of the Armed Forces. The premier is the head of government , with Li Qiang being the incumbent. The premier is officially nominated by the president and then elected by the NPC, and has generally been either the second- or third-ranking member of the Politburo Standing Committee (PSC). The premier presides over

11248-675: The Fortune 500 in 2023. The company is also the last-remaining oil-and-gas component of the Dow Jones Industrial Average since ExxonMobil's exit from the index in 2020. Chevron has been subject to numerous controversies . One of Chevron's early predecessors, "Star Oil", discovered oil at the Pico Canyon Oilfield in the Santa Susana Mountains north of Los Angeles in 1876. The 25 barrels of oil per day well marked

11396-504: The Gobi Desert. Although barrier tree lines planted since the 1970s have reduced the frequency of sandstorms , prolonged drought and poor agricultural practices have resulted in dust storms plaguing northern China each spring, which then spread to other parts of East Asia, including Japan and Korea. Water quality, erosion , and pollution control have become important issues in China's relations with other countries. Melting glaciers in

11544-592: The Gulf of Mexico. As of December 31, 2018, the company's upstream business reported worldwide net production of 2.930 million oil-equivalent barrels per day. In the United States, the company operates approximately 11,000 oil and natural gas wells in hundreds of fields occupying 4,000,000 acres (16,000 km ) across the Permian Basin , located in West Texas and southeastern New Mexico . In 2010, Chevron

11692-766: The Himalayas could potentially lead to water shortages for hundreds of millions of people. According to academics, in order to limit climate change in China to 1.5 °C (2.7 °F) electricity generation from coal in China without carbon capture must be phased out by 2045. With current policies, the GHG emissions of China will probably peak in 2025, and by 2030 they will return to 2022 levels. However, such pathway still leads to three-degree temperature rise. Official government statistics about Chinese agricultural productivity are considered unreliable, due to exaggeration of production at subsidiary government levels. Much of China has

11840-448: The July 6 ruling, the operator of Kazakhstan's Tengiz oil field , Tengizchevroil , said that the transfer of oil through the CPC had not been interrupted since immediate suspension of the pipeline was technically impossible and would have resulted in "irreversible consequences". The CPC pipeline handles almost all of Kazakhstan 's oil exports, which makes the country oil supply routes heavily dependent on Russia. In addition, about 15% of

11988-686: The KMT-led Nationalist government . Following the country's invasion by the Empire of Japan in 1937, the CCP and KMT formed the Second United Front to fight the Japanese. The Second Sino-Japanese War eventually ended in a Chinese victory; however, the CCP and the KMT resumed their civil war as soon as the war ended. In 1949, the resurgent Communists established control over most of the country, proclaiming

12136-681: The Kuomintang and the CCP. Japanese forces committed numerous war atrocities against the civilian population; as many as 20 million Chinese civilians died. An estimated 40,000 to 300,000 Chinese were massacred in Nanjing alone during the Japanese occupation. China, along with the UK, the United States, and the Soviet Union , were recognized as the Allied " Big Four " in the Declaration by United Nations . Along with

12284-826: The Mid-Atlantic United States by removing the Chevron and Texaco names from 1,100 stations. In 2011, Chevron acquired Pennsylvania-based Atlas Energy Inc. for $ 3.2 billion in cash and an additional $ 1.1 billion in existing debt owed by Atlas. Three months later, Chevron acquired drilling and development rights for another 228,000 acres in the Marcellus Shale from Chief Oil & Gas LLC and Tug Hill, Inc. In September 2013, Total S.A. and its joint-venture partner agreed to buy Chevron's retail distribution business in Pakistan for an undisclosed amount. In October 2014, Chevron announced that it would sell

12432-640: The PRC initially allied closely with the Soviet Union , the relations between the two communist nations gradually deteriorated , leading China to develop an independent industrial system and its own nuclear weapons . The Chinese population increased from 550 million in 1950 to 900 million in 1974. However, the Great Leap Forward , an idealistic massive industrialization project, resulted in an estimated 15 to 55 million deaths between 1959 and 1961, mostly from starvation. In 1964, China detonated its first atomic bomb. In 1966, Mao and his allies launched

12580-947: The People program for transforming China into a modern democratic state. The Kuomintang briefly allied with the Chinese Communist Party (CCP) during the Northern Expedition, though the alliance broke down in 1927 after Chiang violently suppressed the CCP and other leftists in Shanghai, marking the beginning of the Chinese Civil War . The CCP declared areas of the country as the Chinese Soviet Republic (Jiangxi Soviet) in November 1931 in Ruijin , Jiangxi . The Jiangxi Soviet

12728-571: The People's Republic of China and forcing the Nationalist government to retreat to the island of Taiwan . The country was split, with both sides claiming to be the sole legitimate government of China . Following the implementation of land reforms , further attempts by the PRC to realize communism failed: the Great Leap Forward was largely responsible for the Great Chinese Famine that ended with millions of Chinese people having died, and

12876-526: The People's Republic of China in Tiananmen Square , Beijing . In 1950, the PRC captured Hainan from the ROC and annexed Tibet . However, remaining Kuomintang forces continued to wage an insurgency in western China throughout the 1950s. The CCP consolidated its popularity among the peasants through the Land Reform Movement , which included the state-tolerated executions of between 1 and 2 million landlords by peasants and former tenants. Though

13024-556: The Pittsburgh-based natural gas firm EQT Corporation in 2020. Chevron's largest single resource project is the $ 43 billion Gorgon Gas Project in Australia. It also produces natural gas from Western Australia. The $ 43 billion project was started in 2010, and was expected to be brought online in 2014. The project includes construction of a 15 million tonne per annum liquefied natural gas plant on Barrow Island , and

13172-557: The Portuguese explorer Duarte Barbosa . Barbosa's usage was derived from Persian Chīn ( چین ), which in turn derived from Sanskrit Cīna ( चीन ). Cīna was first used in early Hindu scripture, including the Mahabharata (5th century BCE) and the Laws of Manu (2nd century BCE). In 1655, Martino Martini suggested that the word China is derived ultimately from

13320-855: The Standard Oil Company (California). Since the acquisition of the Pacific Coast Oil Company by Standard Oil, the Standard descendant had traditionally worked closely with Texaco for 100 years, before acquiring Texaco outright in 2001. Originally known as the Texas Fuel Company (later the Texas Company), Texaco was founded in Beaumont, Texas , as an oil-equipment vendor by "Buckskin Joe". The founder's nickname came from being harsh and aggressive. Texas Fuel worked closely with Chevron. In 1936, it formed

13468-696: The Tombua–Landana development and the Mafumeira Norte project, operated by the company. It is also a leading partner in Angola LNG plant . In Kazakhstan , Chevron participate the Tengiz and Karachaganak projects. In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline, which transports oil from the Caspian Sea to the Black Sea . As of 2013,

13616-455: The US Gulf Coast , Southeast Asia, South Korea and Australia. In 2018, the company produced an average of 791,000 barrels (125,800 m ) of net oil-equivalent per day in United States. Chevron is one of the largest companies in the world and the second-largest oil company based in the United States by revenue, only behind fellow Standard Oil descendant ExxonMobil . Chevron ranked 10th on

13764-483: The United States (16.1), Australia (16.8) and South Korea (13.6). Greenhouse gas emissions by China are the world's largest . The country has significant water pollution problems; only 89.4% of China's national surface water was graded suitable for human consumption by the Ministry of Ecology and Environment in 2023. China has prioritized clamping down on pollution, bringing a significant decrease in air pollution in

13912-920: The United States from Mercuria in November 2022. However, Chevron's largest American moves in the 2020s were in Venezuela , as the Biden administration relaxed restrictions on Chevron from pumping oil in the South American nation, originally imposed due to corruption scandals and human rights violations by Venezuelan president Nicolás Maduro . The relaxed restrictions, however, came with severe limitations, including provisions which prohibited Chevron from selling to Russian or Iranian-affiliated agencies and from allowing any direct profits to go to Venezuelan oil company PDVSA . On November 29, 2022, Venezuelan Government Petroleum Minister Tarek El Aissami met in Caracas , Venezuela, with

14060-493: The Xia is the earliest for which there are both contemporary written records and undisputed archaeological evidence. The Shang ruled much of the Yellow River valley until the 11th century BCE, with the earliest hard evidence dated c.  1300 BCE . The oracle bone script , attested from c.  1250 BCE but generally assumed to be considerably older, represents the oldest known form of written Chinese , and

14208-508: The Xia's historicity came under increasing scrutiny, in part due to the earliest known attestation of the Xia being written millennia after the date given for their collapse. In 1958, archaeologists discovered sites belonging to the Erlitou culture that existed during the early Bronze Age ; they have since been characterized as the remains of the historical Xia, but this conception is often rejected. The Shang dynasty that traditionally succeeded

14356-656: The Yuan in 1368 and founded the Ming dynasty as the Hongwu Emperor . Under the Ming dynasty, China enjoyed another golden age, developing one of the strongest navies in the world and a rich and prosperous economy amid a flourishing of art and culture. It was during this period that admiral Zheng He led the Ming treasure voyages throughout the Indian Ocean, reaching as far as East Africa. In

14504-448: The authority of the Zhou dynasty , accompanied by the emergence of administrative and military techniques, literature , philosophy , and historiography . In 221 BCE, China was unified under an emperor , ushering in more than two millennia of imperial dynasties including the Qin , Han , Tang , Yuan , Ming , and Qing . With the invention of gunpowder and paper , the establishment of

14652-801: The bulk of East Asia, bordering Vietnam , Laos , and Myanmar in Southeast Asia; India , Bhutan , Nepal , Pakistan and Afghanistan in South Asia; Tajikistan , Kyrgyzstan and Kazakhstan in Central Asia; and Russia, Mongolia , and North Korea in Inner Asia and Northeast Asia . It is narrowly separated from Bangladesh and Thailand to the southwest and south, and has several maritime neighbors such as Japan , Philippines , Malaysia , and Indonesia . China has resolved its land borders with 12 out of 14 neighboring countries, having pursued substantial compromises in most of them. China currently has

14800-453: The case of Petroboscán, current production is nil and, in Petropiar, current records indicate close to 50,000 barrels per day. On March 20, 2023, Tareck El Aissami resigned from his government post amid serious corruption allegations. Moreover, El Aissami, a longtime Maduro ally, has a $ 10mn US government reward on his head for allegedly facilitating drug trafficking from Venezuela. He played

14948-410: The company for approximately $ 985 million, resulting in a gain of $ 680 million. The early 2000s saw Chevron engage in many mergers, acquisitions, and sales. The first largest of which was the $ 45 billion acquisition of Texaco , announced on October 15, 2000. The acquisition created second-largest oil company in the United States and the world's fourth-largest publicly traded oil company with

15096-556: The discovery of the Newhall Field, and is considered by geophysicist Marius Vassiliou as the beginning of the modern oil industry in California. Energy analyst Antonia Juhasz has said that while Star Oil's founders were influential in establishing an oil industry in California, Union Mattole Company discovered oil in the state eleven years prior. In September 1879, Charles N. Felton , Lloyd Tevis , George Loomis and others created

15244-599: The earlier path over the Himalayas to India. Han China gradually became the largest economy of the ancient world. Despite the Han's initial decentralization and the official abandonment of the Qin philosophy of Legalism in favor of Confucianism , Qin's legalist institutions and policies continued to be employed by the Han government and its successors. After the end of the Han dynasty , a period of strife known as Three Kingdoms followed, at

15392-537: The early Ming dynasty, China's capital was moved from Nanjing to Beijing. With the budding of capitalism, philosophers such as Wang Yangming critiqued and expanded Neo-Confucianism with concepts of individualism and equality of four occupations . The scholar-official stratum became a supporting force of industry and commerce in the tax boycott movements, which, together with the famines and defense against Japanese invasions of Korea (1592–1598) and Later Jin incursions led to an exhausted treasury. In 1644, Beijing

15540-579: The early stages of the COVID-19 pandemic that drove oil demand sharply down. It would have been one of the largest corporate mergers in history, and a combined Chevron and ExxonMobil (dubbed "Chexxon" by Reuters ) would have been the second-largest oil company in the world, trailing only Saudi Aramco . Later in the pandemic, Chevron began requiring some employees, namely expatriate employees, those working overseas, and workers on U.S.-flagged ships, to receive COVID-19 vaccinations after having some key operations,

15688-704: The east, along the shores of the Yellow Sea and the East China Sea, there are extensive and densely populated alluvial plains , while on the edges of the Inner Mongolian plateau in the north, broad grasslands predominate. Southern China is dominated by hills and low mountain ranges, while the central-east hosts the deltas of China's two major rivers, the Yellow River and the Yangtze River. Other major rivers include

15836-548: The eight companies. Production companies financed the construction cost of US$ 2.67 billion, while the Russian Federation contributed unused pipeline assets worth US$ 293 million. In April 2007, the Russian government transferred its shares to the Russian state-owned oil pipeline company Transneft . In October 2008, the Government of Oman sold its 7%-stake to Transneft at a price of $ 700 million and withdrew from

15984-633: The end of which Wei was swiftly overthrown by the Jin dynasty . The Jin fell to civil war upon the ascension of a developmentally disabled emperor ; the Five Barbarians then rebelled and ruled northern China as the Sixteen States . The Xianbei unified them as the Northern Wei , whose Emperor Xiaowen reversed his predecessors' apartheid policies and enforced a drastic sinification on his subjects . In

16132-468: The face of popular condemnation and opposition from his own Beiyang Army , he was forced to abdicate and re-establish the republic in 1916. After Yuan Shikai's death in 1916, China was politically fragmented. Its Beijing-based government was internationally recognized but virtually powerless; regional warlords controlled most of its territory. During this period , China participated in World War I and saw

16280-537: The failed Taiping Rebellion that ravaged southern China in the 1850s and 1860s and the Dungan Revolt (1862–1877) in the northwest. The initial success of the Self-Strengthening Movement of the 1860s was frustrated by a series of military defeats in the 1880s and 1890s. In the 19th century, the great Chinese diaspora began. Losses due to emigration were added to by conflicts and catastrophes such as

16428-474: The first three months of 2009, the pipeline transported 8.7 million tonnes of oil. From 2001 to April 31, 2020, through the Tengiz - Novorossiysk pipeline system 662,784,671 tons of net oil were delivered to world markets. Of this amount, 582 814 809 tons is oil from Kazakhstan and 85 295 642 tons is oil produced in Russia. The total number of tankers processed during this period was 287. In March 2022, two of

16576-460: The growth of Buddhism during the Tang, and a flourishing of philosophy and the arts, as landscape art and porcelain were brought to new levels of complexity. However, the military weakness of the Song army was observed by the Jin dynasty . In 1127, Emperor Huizong of Song and the capital Bianjing were captured during the Jin–Song wars . The remnants of the Song retreated to southern China . The Mongol conquest of China began in 1205 with

16724-410: The high financial burden Chevron would have to take on relative to equity in the pipeline. Progress on the project stalled for several years until 1996 when a restructure included eight production companies in the project. Among the companies were Chevron , Mobil , LUKoil , Royal Dutch Shell and Rosneft . BP joined the consortium in 2003. Shares were divided fifty-fifty between the three states and

16872-400: The informal paramount leader . The current general secretary is Xi Jinping , who took office on 15 November 2012. At the local level, the secretary of the CCP committee of a subdivision outranks the local government level; CCP committee secretary of a provincial division outranks the governor while the CCP committee secretary of a city outranks the mayor. The government in China is under

17020-409: The largest importer of Russian crude oil in 2022. China is the third-largest country in the world by land area after Russia , and the third- or fourth-largest country in the world by total area. China's total area is generally stated as being approximately 9,600,000 km (3,700,000 sq mi). Specific area figures range from 9,572,900 km (3,696,100 sq mi) according to

17168-478: The multiple consultation mechanisms that exist in Chinese government. According to the CCP constitution , its highest body is the National Congress held every five years. The National Congress elects the Central Committee , who then elects the party's Politburo , Politburo Standing Committee and the general secretary ( party leader ), the top leadership of the country. The general secretary holds ultimate power and authority over party and state and serves as

17316-513: The name of the Qin dynasty (221–206 BCE). Although use in Indian sources precedes this dynasty, this derivation is still given in various sources. The origin of the Sanskrit word is a matter of debate. Alternative suggestions include the names for Yelang and the Jing or Chu state. The official name of the modern state is the "People's Republic of China" ( simplified Chinese : 中华人民共和国 ; traditional Chinese : 中華人民共和國 ; pinyin : Zhōnghuá rénmín gònghéguó ). The shorter form

17464-516: The off-shore platforms off the Gulf of Mexico and Permian Basin for example. The requirement will begin for workers off the Gulf of Mexico on the first of November. In the 2020s, Chevron's primary focus was on alternative energy solutions, gradual pullouts from Africa and Southeast Asia, and an increased focus on the Americas with a lessened albeit still present interest in natural gas. Chevron in February 2020 joined Marubeni Corporation and WAVE Equity Partners in investing in Carbon Clean Solutions,

17612-433: The onshore and near-offshore regions of the Niger Delta , Chevron operates under a joint venture with the Nigerian National Petroleum Corporation , operating and holding a 40% interest in 13 concessions in the region. In addition, Chevron operates the Escravos Gas Plant and the Escravos gas-to-liquids plant . Chevron has interests in four concessions in Angola, including offshore two concessions in Cabinda province ,

17760-420: The other three great powers, China was one of the four major Allies of World War II , and was later considered one of the primary victors in the war. After the surrender of Japan in 1945, Taiwan, including the Penghu , was handed over to Chinese control ; however, the validity of this handover is controversial. China emerged victorious but war-ravaged and financially drained. The continued distrust between

17908-417: The president of Chevron, Javier La Rosa. The Venezuelan ruling party said it was committed to "the development of oil production" after the easing of sanctions. The most important joint ventures where Chevron is involved in Venezuela are Petroboscán, in the west of the nation, and Petropiar, in the eastern Orinoco Belt, with a production capacity of close to 180,000 barrels per day between both projects. In

18056-417: The press , freedom of assembly , free formation of social organizations , freedom of religion and free access to the Internet . China has consistently been ranked amongst the lowest as an "authoritarian regime" by the Economist Intelligence Unit 's Democracy Index , ranking at 148th out of 167 countries in 2023. Other sources suggest that terming China as "authoritarian" does not sufficiently account for

18204-420: The project. On 17 December 2008, a memorandum on expanding the pipeline was signed. On October 14, 2016, crude oil from Kashagan oil field in Kazakhstan first started flowing into the Caspian Pipeline Consortium's system. On April 18, 2018, the last pump station of CPC Expansion Project - PS-2 in Kalmykia - was put into permanent operation. On May 21, 2019, the annual meeting of CPC shareholders adopted

18352-417: The protests and was replaced by Jiang Zemin . Jiang continued economic reforms, closing many SOEs and trimming down " iron rice bowl " (life-tenure positions). China's economy grew sevenfold during this time. British Hong Kong and Portuguese Macau returned to China in 1997 and 1999 , respectively, as special administrative regions under the principle of one country, two systems . The country joined

18500-406: The rest of Kazakhstan's oil exports are also transferred through Russia (while about 5% is sent to China or to various other destinations over rail and the Caspian Sea ). After the 6 July suspension of the pipeline, Kazakhstan's President Kassym-Jomart Tokayev ordered the government of his country's to diversify its oil supply routes. The Caspian Pipeline Consortium was initially registered in

18648-563: The sole control of the CCP. The CCP controls appointments in government bodies, with most senior government officials being CCP members. The National People's Congress (NPC), with nearly 3,000-members, is constitutionally the " highest organ of state power ", though it has been also described as a " rubber stamp " body. The NPC meets annually, while the NPC Standing Committee , around 150 members elected from NPC delegates, meets every couple of months. Elections are indirect and not pluralistic, with nominations at all levels being controlled by

18796-495: The south, the general Liu Yu secured the abdication of the Jin in favor of the Liu Song . The various successors of these states became known as the Northern and Southern dynasties , with the two areas finally reunited by the Sui in 581. The Sui restored the Han to power through China, reformed its agriculture, economy and imperial examination system, constructed the Grand Canal , and patronized Buddhism . However, they fell quickly when their conscription for public works and

18944-443: The standardization of Chinese characters, measurements , road widths, and currency . His dynasty also conquered the Yue tribes in Guangxi , Guangdong , and Northern Vietnam . The Qin dynasty lasted only fifteen years, falling soon after the First Emperor's death. Following widespread revolts during which the imperial library was burned , the Han dynasty emerged to rule China between 206 BCE and 220 CE, creating

19092-534: The subsequent Cultural Revolution was a period of social turmoil and persecution characterized by Maoist populism. Following the Sino-Soviet split , the Shanghai Communiqué in 1972 would precipitate the normalization of relations with the United States . Economic reforms that began in 1978 moved the country away from a socialist planned economy towards an increasingly capitalist market economy , spurring significant economic growth. The corresponding movement for increased democracy and liberalization stalled after

19240-573: The tank farm consists of four steel storage tanks of 100,000 cubic metres (3,500,000 cu ft) each. Pipeline throughflow started at 350,000 barrels per day (56,000 m/d) and has since increased to 700,000 barrels per day (110,000 m/d). The second stage reached a capacity of 1.4 million barrels per day (220,000 m/d). As of 2022, the pipeline throughput was about 1.2 million barrels per day (190,000 m/d), about 1.2% of global oil demand. In 2008, CPC transported 31.5 million tons of crude, down from 32.6 million tonnes in 2007. In

19388-444: The three pipeline connected ship berths at the Port of Novorossiysk suffered storm damage. Repairs may take two months, with exports falling by up to 1 million barrels per day. On 6 July 2022, a Russian court ordered the suspension of the pipeline for 30 days over oil spills . The CPC appealed the ruling and the suspension was lifted on 11 July of the following week, and the CPC was instead fined 200,000 rubles (US$ 3,300). Despite

19536-458: The time of the Warring States period of the 5th–3rd centuries BCE, there were seven major powerful states left. The Warring States period ended in 221 BCE after the state of Qin conquered the other six states, reunited China and established the dominant order of autocracy . King Zheng of Qin proclaimed himself the Emperor of the Qin dynasty , becoming the first emperor of a unified China. He enacted Qin's legalist reforms, notably

19684-478: The world's largest oil field in Saudi Arabia, Ghawar Field . California Standard's subsidiary, California-Arabian Standard Oil Company, grew over the years and became the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, its name was changed to Saudi Arabian Oil Company— Saudi Aramco . Standard Oil of California and Gulf Oil merged in 1984, which

19832-412: The world's-largest oil companies received immense backlash for such profits. In total, Chevron made US$ 246.3 billion in revenue and $ 36.5 billion in profit within 2022, both of which are records for the company. In addition, days before the company reported its full year earnings, Chevron increased its dividend and announced a $ 75 billion stock buyback program , a move which attracted a heated response from

19980-485: The world), 1,221 species of birds (eighth), 424 species of reptiles (seventh) and 333 species of amphibians (seventh). Wildlife in China shares habitat with, and bears acute pressure from, one of the world's largest population of humans. At least 840 animal species are threatened, vulnerable or in danger of local extinction , due mainly to human activity such as habitat destruction, pollution and poaching for food, fur and traditional Chinese medicine . Endangered wildlife

20128-428: The world), 13.2% from hydroelectric power (largest), 9.4% from wind (largest), 6.2% from solar energy (largest), 4.6% from nuclear energy (second-largest), 3.3% from natural gas (fifth-largest), and 2.2% from bioenergy (largest); in total, 31% of China's energy came from renewable energy sources. Despite its emphasis on renewables, China remains deeply connected to global oil markets and next to India, has been

20276-453: Was wiped out by the KMT armies in 1934, leading the CCP to initiate the Long March and relocate to Yan'an in Shaanxi . It would be the base of the communists before major combat in the Chinese Civil War ended in 1949. In 1931, Japan invaded and occupied Manchuria . Japan invaded other parts of China in 1937, precipitating the Second Sino-Japanese War (1937–1945), a theater of World War II . The war forced an uneasy alliance between

20424-406: Was captured by a coalition of peasant rebel forces led by Li Zicheng . The Chongzhen Emperor committed suicide when the city fell. The Manchu Qing dynasty , then allied with Ming dynasty general Wu Sangui , overthrew Li's short-lived Shun dynasty and subsequently seized control of Beijing, which became the new capital of the Qing dynasty. The Qing dynasty, which lasted from 1644 until 1912,

20572-410: Was cutting up to 7,000 jobs, or 11 percent of its workforce. Because of the COVID-19 pandemic and 2020 Russia–Saudi Arabia oil price war , Chevron announced reductions of 10–15% of its workforce. Chevron's oil and gas exploration and production operations, which in the oil and gas industry are considered as " upstream " operations, are primarily in the US, Australia, Nigeria, Angola, Kazakhstan, and

20720-417: Was devastated and weakened by the An Lushan rebellion in the 8th century. In 907, the Tang disintegrated completely when the local military governors became ungovernable. The Song dynasty ended the separatist situation in 960, leading to a balance of power between the Song and the Liao dynasty . The Song was the first government in world history to issue paper money and the first Chinese polity to establish

20868-407: Was introduced as a brand in the 1930s) for the first time in its logo. In July 2014, the Chevron Corporation logo design was officially changed, although it has been used since 2000. By 2015, the logo had been changed multiple times, with three different color schemes applied in the logo. The logo was gray, then blue, and then turned red before returning to the silver gray it is today. Chevron today

21016-408: Was rebuked, with millions rehabilitated. Deng Xiaoping took power in 1978, and instituted large-scale political and economic reforms , together with the " Eight Elders ", most senior and influential members of the party. The government loosened its control and the communes were gradually disbanded. Agricultural collectivization was dismantled and farmlands privatized. While foreign trade became

21164-492: Was strengthened in part to suppress anti-Qing sentiment with the policy of valuing agriculture and restraining commerce, like the Haijin during the early Qing period and ideological control as represented by the literary inquisition , causing some social and technological stagnation. In the mid-19th century, the Opium Wars with Britain and France forced China to pay compensation, open treaty ports, allow extraterritoriality for foreign nationals, and cede Hong Kong to

21312-423: Was suggested by Reuters that the sales are intended to attract smaller oil companies. Chevron, however, did not do business in the 2020s without controversy and regulatory obstacles. Chevron Phillips Chemical , a company jointly owned by Chevron and Phillips 66 , agreed to pay $ 118 million in March 2022 as a result of violating the Clean Air Act at three of its chemical production plants in Texas. According to

21460-401: Was the fourth-largest producer in the region. In February 2011, Chevron celebrated the production of its 5 billionth barrel of Permian Basin oil. The Gulf of Mexico is where the company's deepest offshore drilling takes place at Tahiti and Blind Faith. The company also explored and drilled in the Marcellus Shale formation under several northeastern US states; these operations were sold to

21608-410: Was the largest merger in history at that time. To comply with U.S. antitrust law , California Standard divested many of Gulf's operating subsidiaries, and sold some Gulf stations in the eastern United States and a Philadelphia refinery which has since closed. Among the assets sold off were Gulf's retail outlets in Gulf's home market of Pittsburgh , where Chevron lacks a retail presence but does retain

21756-422: Was the last imperial dynasty of China. The Ming-Qing transition (1618–1683) cost 25 million lives, but the Qing appeared to have restored China's imperial power and inaugurated another flowering of the arts. After the Southern Ming ended, the further conquest of the Dzungar Khanate added Mongolia, Tibet and Xinjiang to the empire. Meanwhile, China's population growth resumed and shortly began to accelerate. It

21904-500: Was then based for many decades in San Francisco, California , before moving its corporate offices to San Ramon, California , in 2001; and on August 2, 2024, Chevron announced that it would be relocating its headquarters from California to Houston, Texas , by 2025. Chevron traces its history back to the second half of the 19th century to small California-based oil companies which were acquired by Standard and merged into Standard Oil of California. The company grew quickly on its own after

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