Chevron Tech Ventures

Chevron Corporation, headquartered in San Ramon, California, is a leading global energy company involved in every aspect of the energy sector, including oil, natural gas, and geothermal energy production. Chevron’s investment strategy focuses on both traditional and renewable energy sources to ensure sustainable growth and environmental stewardship. Chevron Technology Ventures (CTV) is the company's venture capital arm, which supports innovations in low-carbon technologies. CTV has launched three Future Energy Funds, with the latest in 2024 focusing on areas such as novel low-carbon fuels, advanced materials, and transforming carbon into higher-value products. Notable portfolio companies include Baseload Capital, Blue Planet, Carbon Engineering, and ChargePoint​. In addition to its venture capital activities, Chevron is engaged in several major capital projects worldwide. These include significant natural gas projects like the Gorgon and Wheatstone projects in Australia, deepwater oil extraction at the Jack/St. Malo fields in the Gulf of Mexico, and the Tengiz oil field expansion in Kazakhstan. These projects are designed to provide long-term energy supplies to meet global demand​. Chevron’s approach integrates sustainability throughout its operations, focusing on lowering carbon intensity and growing its lower-carbon business portfolio. The company aims to deliver higher returns and lower carbon emissions, emphasizing the importance of environmental, social, and governance (ESG) factors in its business strategy.