What mineral owners need to know about America's second-largest oil company.
Get Your Free Mineral ValuationHeadquarters: San Ramon, California
Stock Ticker: NYSE: CVX
Company Type: Major Integrated Oil Company
Primary U.S. Basins: Permian Basin, DJ Basin, Gulf of Mexico
Status: Second-largest U.S. oil company
Heritage: Standard Oil of California
Chevron Corporation is the second-largest integrated oil company in the United States, tracing its roots to the Pacific Coast Oil Company, founded in 1879. As one of the successor companies to Standard Oil, Chevron has over 140 years of oil and gas experience.
As a fully integrated energy company, Chevron explores for and produces crude oil and natural gas, manufactures transportation fuels and lubricants, and produces petrochemicals. This diversification provides the financial stability that mineral owners value in an operator.
Chevron's acquisition of PDC Energy in 2023 significantly expanded their DJ Basin position in Colorado. If you previously received royalties from PDC, your payments now come from Chevron. The company also has a pending acquisition of Hess Corporation that would add Bakken acreage to their portfolio.
Chevron holds approximately 2.2 million net acres in the Permian Basin, making them one of the largest acreage holders in the play. Key areas include:
Midland Basin - Wolfcamp and Spraberry formations
Delaware Basin - Wolfcamp and Bone Spring
Lea County, NM - Delaware Basin operations
Eddy County, NM - Core Delaware acreage
Following the PDC Energy acquisition, Chevron became a significant DJ Basin operator. Their Colorado operations focus on:
Weld County, CO - Niobrara and Codell formations
Adams County, CO - DJ Basin development
Chevron operates major deepwater production facilities in the Gulf of Mexico, including the Jack/St. Malo and Big Foot projects.
Financial strength: One of the strongest balance sheets in the industry
Reliable payments: Well-established royalty payment systems
Detailed statements: Comprehensive royalty statements with production details
Experienced operator: 140+ years of operational experience
Corporate processes: Large company bureaucracy can slow issue resolution
Multiple acquisitions: Integration of PDC and potentially Hess may cause transitions
California HQ: Time zone differences for Texas/Oklahoma owners calling support
Standard terms: Less flexibility in lease negotiations
Phone: 1-800-722-6232
Hours: Monday - Friday, 8:00 AM - 5:00 PM PT
Mail: Chevron USA Inc., Owner Relations, P.O. Box 6042, San Ramon, CA 94583
Keep documentation handy: Have your owner number, lease information, and recent statements available when calling owner relations.
Verify your records: Ensure Chevron has your correct legal name and mailing address to avoid payment issues.
Understand time zones: Chevron's headquarters is in California (Pacific Time). Plan calls accordingly if you're in Texas or Oklahoma.
Review statements monthly: Chevron provides detailed production and payment information. Track trends over time.
Follow up in writing: For important matters like address changes or ownership transfers, follow up phone calls with written correspondence.
Check acquisition status: If you have Hess royalties, monitor the acquisition status for potential payment system changes.
Chevron's owner relations department can be reached at 1-800-722-6232. They handle royalty inquiries, division orders, and address changes. You can also mail correspondence to Chevron USA Inc., Owner Relations, P.O. Box 6042, San Ramon, CA 94583.
Chevron holds approximately 2.2 million net acres in the Permian Basin across the Delaware and Midland Basins in Texas and New Mexico. They also have significant operations in Colorado's DJ Basin following their PDC Energy acquisition, and offshore in the Gulf of Mexico.
Chevron acquired PDC Energy in 2023. If you received royalty payments from PDC, your payments now come from Chevron. Your lease terms remain unchanged. Contact Chevron owner relations if you experience transition issues or need to update your payment information.
Chevron typically pays royalties monthly, following state-specific payment timelines. Most mineral owners receive payments 60-90 days after production. Detailed royalty statements accompany each payment.
Chevron announced plans to acquire Hess Corporation in 2023. The transaction has been subject to regulatory review. If completed, Bakken mineral owners with Hess as their operator may transition to Chevron's payment systems. Watch for official communications about any changes.
Whether you have Chevron or any other operator, get a free, no-obligation valuation of your mineral rights from our experienced team.
Request Your Free ValuationDisclaimer: This information is for educational purposes only and is not affiliated with or endorsed by Chevron. Contact information and company details may change. For the most current information, contact Chevron directly or visit their official website.