5 Biggest Exploration and Production Companies in the World

2. Chevron Corporation (NYSE:CVX)

Market Capitalization as of November 17th, 2022: $360.7 billion

Chevron Corporation (NYSE:CVX) is an integrated American energy company that produces, transports, and sells oil. The firm was set up in 1879 and is headquartered in San Ramon, California.

Chevron Corporation (NYSE:CVX) is busy expanding its natural gas and chemicals business. The firm announced in November 2022 that it had purchased a network of 55 compressed natural gas (CNG) stations in the U.S. with the aim of selling its own natural gas through them. It also announced in the same month that its joint venture and Qatar Energy will move ahead with building an $8.5 billion polymers plant in Texas.

Chevron Corporation (NYSE:CVX) pays a $1.42 dividend for a 3% yield, and 66 out of the 920 hedge funds part of Insider Monkey’s third quarter of 2022 survey had bought its shares.

Chevron Corporation (NYSE:CVX)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 165 million shares that are worth $23 billion.

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