In 2004, it became clear that the world was witnessing a new energy equation driven by a number of factors — growing global demand, a more challenging frontier of energy supplies in areas such as the deep water and oil sands, and a complex geopolitical environment. Abundant, reliable energy is critical to healthy economies and healthy communities. Addressing this new equation is one of the greatest challenges facing energy producers and consumers.
ChevronTexaco has a 125-year history of rising to challenges and creating opportunities. Today, we are responding to the new energy equation by leveraging our strengths: a high-impact exploration and development program; a commitment to safe, efficient and environmentally sound operations; the application of technology to maximize the value of our existing assets and develop promising new energy sources; and the creation of partnerships that benefit our company, our communities and, of course, our many customers around the world.
Downtown Shanghai at night reflects the growth in global demand for new energy supplies, particularly in China. ChevronTexaco's long-term strategies are focused on growing production to help meet new demand and fuel economic growth and human progress.
