 Get Quote: CVX
Financials: Latest Results
Rank: 8 (Previous rank: 10)
CEO: John S. Watson Employees: 61,189 Address: 6001 Bollinger Canyon Rd. San Ramon, California 94583 Country: U.S. Website: www.chevron.com Chevron has managed to hold strong throughout the tough economic environment, raising its net income by 41.4% in 2011, up from just over $19 billion in 2010. The company is also generating a lot of positive buzz surrounding its development of a new ethylene plant -- one of the first to be built in the U.S. in more than a decade. The expansion comes at a time when lightweight plastics derived from ethylene are in high demand for the production of electric vehicles. According to market analyst firm Frost & Sullivan, the use of plastics in EVs is expected to reach a market revenue of $73 million by 2017, up from $500,000 in 2010. -- S.J. Subscribe to Fortune Magazine |
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