Chevron's predecessor first entered China in 1904, and later Chevron was one of the first western companies to re-enter China in 1979. We became a partner in one of China's first offshore oil production projects in the Pearl River Mouth Basin of the South China Sea. Since then, Chevron has expanded operations in China through various subsidiaries. The range of businesses includes petroleum exploration and production, additives, fuels and lubricants marketing.
One Chevron subsidiary Unocal East China Sea, Ltd. currently has a production-sharing contract with China National Petroleum Corporation (CNPC) for the joint development of the Chuandongbei natural gas area in the Sichuan Basin in southwest China. Another Chevron subsidiary Chevron China Energy Company has multiple production contracts with China National Offshore Oil Corporation (CNOOC) to develop offshore oil and gas resources in the South China Sea and in Bohai Bay.
On the downstream side, Chevron's Caltex® brand has become an established marketer of gasoline and lubricant products in China.
The Chevron Way
The Chevron Way explains who we are, what we do, what we believe and what we plan to accomplish. Read The Chevron Way (2 MB)