Chevron - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Chevron M&A Summary

Chevron has acquired 18 companies, including 7 in the last 5 years. It has also divested 14 assets.

Chevron’s largest acquisition to date was in 2023, when it acquired Hess for $60.0B. It’s largest disclosed sale occurred in 2014, when it sold Mesquite Pipeline to ONEOK Partners for $800M. Chevron has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include oil/gas exploration (73%) and energy services and equipment (12%).

Chevron Business Overview

Where is Chevron headquartered?

Chevron is headquartered in San Ramon, California.

What is Chevron’s revenue?

Chevron disclosed revenue of 235,717M USD for 2022 and 155,606M USD for 2021.

How many employees does Chevron have?

Chevron has 43,846 employees.

What sector is Chevron in?

Chevron is an oil/gas exploration company.

When was Chevron founded?

Chevron was founded in 1879.

M&A Summary

  • M&A Total Activity32
    • M&A Buy Activity18
    • M&A Sell Activity14
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 23
  • M&A Advisors 8

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 incorporated in 1879 and is based in San Ramon, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 11 2 - 2 3 - 18
vol $58.2B $13.0B $3.2B $67.6B $142.0B
Sell (0.2/yr) # 13 1 - - - - 14
vol $1.3B $735M $2.0B
  32

Most Recent M&A

Company Date Value Type
Hess Corp. 2023-10-23 60.0B USD Add-on Acquisition
New York, New York · www.hess.com
ACES Delta, LLC 2023-09-12 - Add-on Acquisition
Delta, Utah · www.aces-delta.com
PDC Energy, Inc. 2023-05-22 7.6B USD Add-on Acquisition
Denver, Colorado · www.pdce.com
Beyond6 LLC 2022-11-17 - Divestiture
Saratoga Springs, New York · www.beyond6.com
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
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 13 (72%) 138.8B (98%) 10 (71%) 2.0B (100%)
Energy Services and Equipment 2 (11%) - 2 (14%) -
Chemicals 1 (6%) - 1 (7%) -
Environmental 1 (6%) - - -
Renewable Energy 1 (6%) 3.2B (2%) - -
Infrastructure - - 1 (7%) -
Total 18 $142.0B 14 $2.0B

By Geo

State/Country Buy Value Sell Value
United States 15 142.0B 12 1.5B
  Texas 3 13.0B 3 800M
  New York 4 96.0B - -
  California 1 17.9B 3 -
  Louisiana 1 - 2 -
  Utah 1 - 1 -
  Pennsylvania 1 4.3B 1 735M
  New Mexico 1 - - -
  Iowa 1 3.2B - -
  Georgia 1 - - -
  Colorado 1 7.6B - -
  Hawaii - - 1 -
Bermuda 1 - - -
Cameroon 1 - - -
Dominican Republic - - 1 -
Iraq 1 - - -
Netherlands - - 1 460M
Domestic 15 (83%) 142.0B (100%) 12 (86%) 1.5B (77%)
Cross-border 3 (17%) - 2 (14%) 460M (23%)
Total 18 $142.0B 14 $2.0B

Top M&A Advisors

Financial Deals
Goldman Sachs
2
Evercore Group
2
Morgan Stanley
2
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
4
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
> $1B 7 $142.0B
TOTAL $142.0B
Largest Hess Corp.
$60.0B (2023-10-23)
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)
33%
6 (33%)
Divested to
Investor(s)
7%
1 (7%)
Strategic(s)
93%
13 (93%)

 Subscribe to unlock this and 201,455
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.