#Chevron November 2

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Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on CHEVRON.

Of the 30 stocks that make up the 2024 Dow Jones Industrial Average the company with the longest current tenure is Chevron. They have been part of the Dow since July 18, 1930. Chevron Corporation is one of the world’s largest energy companies, currently headquartered in San Ramon, California but will relocate to Houston TX.

Chevron operates in over 180 countries. Its business spans the exploration, production, and refining of oil and natural gas, as well as ventures in alternative energy sources.

Dow Jones 30-Day Challenge Guidelines

Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines

1. Each day in November 2024 write about the history or a company that makes up the Dow Jones.
2. Share at least one fact about that company.
3. If so inclined use the hash tag #Coach4adayChallenge on social media platforms

November 2nd-Chevron

Here are some facts about Chevron

Origins as Standard Oil: Chevron traces its roots back to Standard Oil, founded by John D. Rockefeller in 1879. After the 1911 antitrust breakup of Standard Oil, Chevron emerged as an independent company, originally known as Standard Oil of California.

Renewable Energy Investments: Chevron is heavily investing in renewable energy and emissions reduction initiatives, with projects in geothermal, solar, wind, and biofuels. In recent years, the company has committed to reducing its carbon footprint and has set goals for lower greenhouse gas emissions.

Global Reach and Influence: Chevron operates in over 180 countries and is involved in all aspects of the energy sector, including exploration, production, refining, and marketing. Its diverse operations make it one of the largest multinational energy companies, with a significant influence on global energy markets.

One of Chevron’s lowest prices in recent decades occurred during the 2008 financial crisis when shares dropped to around $56 per share, and again in March 2020, when it hit around $51 per share due to the COVID-19 pandemic and falling oil prices. Its price at the end of October 2024 was 148.05.