CHEVRON CORPORATION Competition
Chevron has earned its stripes as the #2 integrated oil company in the US, behind Exxon Mobil. In 2012 it reported proved reserves of 11.3 billion barrels of oil equivalent and a daily production of 2.6 million barrels of oil equivalent, 11,600 miles of oil and gas pipeline, and a refining capacity of 1.95 million barrels of oil per day. Chevron also owns interests in chemicals, mining, and power production businesses. The company owns or has stakes in 8,060 gas stations in the US (8,700 outside the US) that operate mainly under the Chevron and Texaco brands. Chevron also owns 50% of chemicals concern Chevron Phillips Chemical.