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KEY FACTS

• The worldwide downstream business includes four refining
and marketing units, which operate in North America; Europe
and West Africa; Latin America; and Asia, the Middle East and
southern Africa. Downstream also has five global businesses
– aviation, lubricants, trading, shipping, and fuel and marine
marketing.

• Our global refining network comprises 23 wholly owned and
joint-venture facilities, which process more than 2 million
barrels of oil per day.

• We sell more than 2 million barrels of gasoline and diesel per
day through over 24,000 retail outlets under three well-known
Sharing knowledge and improving performance consumer brands – Chevron in North America; Texaco in Latin
across global refining America, Europe and West Africa; and Caltex in Asia, the Middle
East and southern Africa.

Identify the best and improve the rest: This is the goal of the best-practices • We are the No. 1 jet fuel marketer in the United States and third
initiative that we are deploying across our worldwide refining system. As our worldwide, marketing 550,000 barrels per day in 80 countries.
refineries identify, share and adopt the best, most cost-effective operating
practices, we are strengthening the system’s capabilities, lowering costs and • Our industrial and consumer lubricants business operates in
improving reliability. For example: over 180 countries and sells more than 3,500 products, from
specialized hydraulic fluids to leading branded products, such
• Our Pembroke Refinery in Wales transferred knowledge about as Delo, Havoline, Revtex and Ursa.
processing high-acid crude oil to our Cape Town Refinery in South Africa.
• The company’s global trading business buys and sells more
than 6 million barrels of hydrocarbons per day in some 65
• By implementing a fare-management system that had been developed at countries. It also markets surplus equity oil and buys or trades
Pembroke, our Pascagoula Refinery in Mississippi is reducing crude oil and feed stocks for ChevronTexaco’s refining system.
fare emissions.
• Our fuel and marine marketing business is a leading global
• Our refineries in Africa, Asia and Europe have begun using an intensive supplier and marketer of fuels, lubricants and coolants to the
planning process for more cost-effective maintenance shutdowns. marine and power markets, with about 500,000 barrels of sales
per day.
• In North America, we partnered with one of our technology companies • Our shipping company manages a fleet of 31 vessels and
to develop a safer, more productive process for coking fuel oil. This annually transports more than a billion barrels of crude oil and
new technology was so successful that we are now licensing it to other
companies. petroleum products.

These actions alone generate more than $20 million of savings annually.

For millions of customers on six
continents, our three strong brands
– Chevron, Texaco and Caltex –
represent superior quality, convenience
and service. We are extending the
reach of these brands in markets where
populations, incomes and demand for
transportation fuels are rising

GLOBAL PORTFOLIO CHEVRONTEXACO
WORLDWIDE EXPLORATION & PRODUCTION

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