Chevron Mergers and Acquisitions Summary

Oil/gas ExplorationCompany

Chevron has acquired 14 companies, including 3 in the last 5 years. It has also divested 14 assets.

Chevron’s largest acquisition to date was in 2000, when it acquired Texaco for $36.0B. It’s largest disclosed sale occurred in 2014, when it sold Mesquite Pipeline to ONEOK Partners for $800M. Chevron has acquired in 8 different US states, and 4 countries. The Company’s most targeted sectors include oil/gas exploration (72%) and energy services and equipment (15%).

Join Mergr and gain access to Chevron’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity14
    • M&A Sell Activity14
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 22
  • M&A Advisors 5

Chevron

Chevron Corp.

6001 Bollinger Canyon Road,
San Ramon, California 94583
United States,
(925) 842-1000
www.chevron.com

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was originally founded in 1879 and is based in San Ramon, California.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 11 - - 2 - 1 14
vol $58.2B $13.0B $3.2B $74.4B
Sell (0.2/yr) # 13 - - 1 - - 14
vol $1.3B $735M $2.0B
  28

Most Recent M&A

Company Date Value Type
Renewable Energy Group, Inc. 2022-02-28 3.2B USD Add-on Acquisition
Ames, Iowa · www.regi.com
Chevron Corp. - Appalachia Assets 2020-10-27 735M USD Divestiture
Coraopolis, Pennsylvania
Noble Energy, Inc. 2020-07-20 13.0B USD Add-on Acquisition
Houston, Texas · www.nblenergy.com
Noble Midstream Partners LP 2020-07-20 - Add-on Acquisition
Houston, Texas · www.nblmidstream.com
Chevron Corp. - Central Basin Platform 2017-09-12 - Divestiture
San Ramon, California
Chevron Corp. - Bay Marchand and Main Pass Gulf of Mexico 2017-07-01 - Divestiture
, Louisiana
Chevron Corp. - NGL Logistics Assets 2016-08-25 - Divestiture
San Ramon, California
Chevron - White Oils & Food Machinery Lubricants Business 2016-05-03 - Divestiture
San Ramon, California
Island Energy 2016-04-19 - Divestiture
Kapolei, Hawaii · www.islandenergyservices.com
Kosmos Energy - Mauritania Oil and Gas Exploration 2015-02-04 - Stake Purchase
, Bermuda
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Chevron Australia Pty Ltd.    - Puma Energy (Australia) Holdings Pty Ltd. 2019-12-18 3
Perth,, Australia · www.chevronaustralia.com Fortitude Valley, Australia · www.pumaenergy.com.au
Chevron Midstream Pipelines LLC    - Chevron Midstream Three Intrastate Natural Gas Liquids Pipeline Systems 2009-12-14 1
San Ramon, California Henry,, Louisiana

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 10 (71%) 71.2B (96%) 10 (71%) 2.0B (100%)
Energy Services and Equipment 2 (14%) - 2 (14%) -
Chemicals 1 (7%) - 1 (7%) -
Renewable Energy 1 (7%) 3.2B (4%) - -
Infrastructure - - 1 (7%) -
Total 14 $74.4B 14 $2.0B

By Geo

State/Country Buy Value Sell Value
United States 11 74.4B 12 1.5B
  Texas 3 13.0B 3 800M
  California 1 17.9B 3 -
  Louisiana 1 - 2 -
  New York 2 36.0B - -
  Pennsylvania 1 4.3B 1 735M
  Georgia 1 - - -
  New Mexico 1 - - -
  Iowa 1 3.2B - -
  Utah - - 1 -
  Hawaii - - 1 -
Bermuda 1 - - -
Cameroon 1 - - -
Dominican Republic - - 1 -
Iraq 1 - - -
Netherlands - - 1 460M
Domestic 11 (79%) 74.4B (100%) 12 (86%) 1.5B (77%)
Cross-border 3 (21%) - 2 (14%) 460M (23%)
Total 14 $74.4B 14 $2.0B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
2
Lehman Brothers, Inc.
1
Credit Suisse Investment Banking
1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison LLP
2
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
> $1B 5 $74.4B
TOTAL $74.4B
Largest Texaco, Inc.
$36.0B (2000-10-16)
sell # Total
$100M to $1B 3 $2.0B
TOTAL $2.0B
Largest Mesquite Pipeline Co.
$800M (2014-10-27)

M&A Connections

Deals
Acquired from
Strategic(s)
36%
5 (36%)
Divested to
Investor(s)
7%
1 (7%)
Strategic(s)
93%
13 (93%)

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