Houston, Texas-based Chevron Corporation (CVX) is one of the world's largest integrated energy companies, with operations spanning oil and natural gas exploration and production, refining, marketing, chemicals, and lower-carbon energy. Headquartered in Houston, Texas, Chevron operates across the U.S. and numerous international markets. The company has a market cap of $364.5 billion.
Companies with a market capitalization of $200 billion or more are typically referred to as "mega-cap stocks." CVX fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the integrated oil and gas industry. A major strength of Chevron is its vertically integrated and geographically diversified portfolio. The upstream business provides significant exposure to oil and gas prices, while refining, marketing and chemicals operations can provide earnings diversification when commodity prices or refining margins move in different directions.
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