Chevron Corporation is an American multinational energy corporation.
Chevron’s history dates back to 1879 when it was founded as the Pacific Coast Oil Company. Although Standard Oil bought out the company in 1900, its breakup saw it reborn as Standard Oil Co. of California. It secured a 50-year concession with Saudi Aramco. In 1984, the company merged with Gulf Oil in what was the largest merger in history at that time, and Chevron Corporation was born.
During the mid-1940s to the 1970s, Chevron was one of the Seven Sisters, a collection of seven global oil companies that completely dominated the global petroleum industry. Today, Chevron has developed interests in alternative energy sources, and it claims to be the world’s largest producer of geothermal energy.
In 2018, Chevron took a significant step into the world of e-commerce with a formal partnership with PayPal. The deal means drivers will be able to pay for fuel through PayPal as early as 2019.
