Two traditionally traces its roots to an oil discovery in Pico Canyon (now the Pico Canyon Oilfield) north of Los Angeles. The discovery led to the formation, in 1879, of the Pacific Coast Oil Company, the oldest predecessor of Chevron Corporation. Another side of the genealogical chart points to the founding of The Texas Fuel Company in 1901, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. This company was known as the Texas Company and later Texaco.Chevron Corporation was originally known as Standard Oil of California, or SoCal, and was formed amid the antitrust breakup of John D. Rockefeller\'s Standard Oil company in 1911. It was one of the \"Seven Sisters\" that dominated the world oil industry in the early 20th century. In 1933, Saudi Arabia granted SoCal a concession to find oil, and oil was found in 1938. In the early 1950s, SoCal discovered the world\'s largest oil field (Ghawar) in Saudi Arabia. SoCal\'s subsidiary, California-Arabian Standard Oil Company, developed over years, to become the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, the name was changed to Saudi Arabian Oil Company (Saudi Aramco).
Standard Oil of California and Gulf Oil merged in 1984, the largest merger in history at that time. Under the antitrust regulation, SoCal divested many of Gulf\'s operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States. SoCal changed the name to Chevron Corporation.
In June 1992, Dynegy, Inc. (NYSE: DYN) was created from the merger of Chevron\'s former natural gas and natural gas liquids business with Dynegy\'s predecessor, NGC Corp. (formerly NYSE: NGL). NGC had been an integrated natural gas services company since around 1994.
In a merger completed February 1, 2000, Illinova Corp. (formerly NYSE: ILN) became a wholly owned subsidiary of Dynegy Inc., in which Chevron also took a 28% stake. However, Chevron in 2007 sold its 19 percent (at the time) common stock investment in the company for approximately $940 million, resulting in a gain of $680 million.
In 2001, Chevron Corporation acquired Texaco to form ChevronTexaco.
On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco remains as a brand under the Chevron Corporation. On August 19, 2005, Chevron acquired the Unocal Corporation. Because of Unocal\'s large South East Asian geothermal operations, Chevron became the world\'s largest producer of geothermal energy. On mid-2007,Chevron Corporation sold all Conoco stations in Mississippi to the Texaco brand a process to be complete at the end of 2007.
In July 2010, Chevron ended retail operations in the Mid Atlantic US, removing the Chevron and Texaco names from 1,100 stations in Delaware, Indiana, Kentucky, North Carolina, New Jersey, Maryland, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Washington, D.C., and parts of Tennessee.
·This detailed model was produced to specifications from the aircraft manufacturer and UPS. It reflects, as accurately the paint scheme of the airline and has many details that are not usually found on other models in this scale. Each model is meticulously finished for unsurpassed quality. This scaled model was produced is accurately painted and professionally detailed
· Mint condition, never removed from the package.
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