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13 - Chevron

A Nabors Industries Ltd. roughneck uses a power washer to clean the drilling floor of a rig drilling for Chevron Corp. in the Permian Basin near Midland, Texas, U.S., on Thursday, March 1, 2018. Chevron, the world's third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Its expansion will further bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. Photographer: Daniel Acker/Bloomberg via Getty Images - Daniel Acker — Bloomberg via Getty Images
A Nabors Industries Ltd. roughneck uses a power washer to clean the drilling floor of a rig drilling for Chevron Corp. in the Permian Basin near Midland, Texas, U.S., on Thursday, March 1, 2018. Chevron, the world's third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Its expansion will further bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. Photographer: Daniel Acker/Bloomberg via Getty Images Daniel Acker — Bloomberg via Getty Images

Chevron had a fine 2017 and things are looking even better for the rest of 2018. Earnings and cash flow are surging thanks to what the company calls a “powerful combination” of upstream margins and volumes, and its annual revenues were up 25% to $135 billion. Production is booming in Texas, New Mexico and the Gulf of Mexico. The only trouble spot is in domestic refining, where earnings are down because of lower margins–but this was more than offset by the positive trends in production.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank19
Revenues ($M)$134533
Revenue Percent Change25.1%
Profits ($M)$9195.0
Profits Percent Change%
Assets ($M)$253806
Market Value — as of March 29, 2018 ($M)$217845
Employees51900

Company Facts

Employees51900
SectorEnergy
IndustryPetroleum Refining
HQ LocationSan Ramon, Calif.
CEOMichael K. Wirth
CEO Title-
Websitewww.chevron.com
Years on Fortune 500 List24

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