Rank: 10 (Previous rank: 11)
CEO: John S. Watson
Address: 6001 Bollinger Canyon Rd.
San Ramon, California 94583
This year, Chevron took steps to get a little less refined.
The company sold its Pembroke refinery in Ireland and other downstream assets in Africa and the Caribbean, and it is trying to focus more on production. Its efforts have made the company cash-heavy, with a net cash position of $5.3 billion at the end of the first quarter of 2011.
The company sees a bright future in gas and oil. In February, it bought Atlas Energy mainly to exploit the company's access to gas from the Marcellus Shale in the Northeast U.S. The company also feels confident about the prospect of increased drilling activity in the Gulf. Two of Chevron's three deepwater vessels are active in the Gulf again. --S.D.
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|Company||2010 Number of Employees|
|China National Petroleum||1,674,541|