Chevron Corp (NYSE: CVX) is an integrated energy company that explores for, produces, refines, and markets crude oil, natural gas, and petroleum products. Revenue comes from selling hydrocarbons and refined products at commodity-linked prices across two reported segments: Upstream, which covers exploration and production, and Downstream, which covers refining, marketing, and transportation. The 10-K filing dated 2026-02-24 also references Other Businesses as a third reporting category. Chevron operates in the petroleum, chemicals, and other energy-related industries, as stated in the FY2025 10-K. The business is capital-intensive, with earnings directly tied to oil and natural gas price cycles. Chevron is headquartered in the United States and files as a well-known seasoned issuer under the Securities Exchange Act of 1934.

Revenue model

Transactional revenue from the sale of crude oil, natural gas, and refined petroleum products at market prices. Upstream segment generates revenue through hydrocarbon production and sales. Downstream segment generates revenue through refining and marketing of petroleum products.

Products and services

Crude oil, natural gas, refined petroleum products, and chemicals. Operations span Upstream (exploration and production), Downstream (refining, marketing, transportation), and Other Businesses as disclosed in the FY2025 10-K filed 2026-02-24.

Customers and end markets

Petroleum, chemicals, and other energy-related industries, as described in the FY2025 10-K. No specific customer concentration data is provided in the available filing excerpts.

Value-chain role

Vertically integrated energy producer and refiner. Operates across exploration, production, refining, and marketing of hydrocarbon-based products.

Geographic exposure

Headquartered in the United States. Specific geographic revenue breakdown is not supported by the available filing excerpts.

Source: SEC 10-K, filed 2026-02-24

Industry: Petroleum Refining Peers: Exxon Mobil Corp Occidental Petroleum Corp Unit Corp