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This excerpt taken from the CVX 10-K filed Feb 25, 2010. Research
and Technology
The company’s energy technology organization supports
Chevron’s upstream and downstream businesses by providing
technology, services and competency development in earth
sciences; reservoir and production engineering; drilling and
completions; facilities engineering; manufacturing; process
technology; catalysis; technical computing; and health,
environment and safety. The information technology organization
integrates computing, telecommunications, data management,
security and network technology to provide a standardized
digital infrastructure and enable Chevron’s global
operations and business processes.
Chevron Technology Ventures (CTV) manages investments and
projects in emerging energy technologies and their integration
into Chevron’s core businesses. As of the end of 2009, CTV
continued to explore technologies such as next-generation
biofuels and advanced solar.
Chevron’s research and development expenses were
$603 million, $702 million and $510 million for
the years 2009, 2008 and 2007, respectively.
Some of the investments the company makes in the areas described
above are in new or unproven technologies and business
processes, and ultimate technical or commercial successes are
not certain. The company’s overall investment in this area
is not significant to the company’s consolidated financial
position.
This excerpt taken from the CVX 10-K filed Feb 26, 2009. Research
and Technology
The company’s energy technology organization supports
Chevron’s upstream and downstream businesses by providing
technology, services and competency development in earth
sciences; reservoir and production engineering; drilling and
completions; facilities engineering; manufacturing; process
technology; catalysis; technical computing; and health,
environment and safety. The information technology organization
integrates computing, telecommunications, data management,
security and network technology to provide a standardized
digital infrastructure and enable Chevron’s global
operations and business processes.
Chevron Technology Ventures (CTV) manages investments and
projects in emerging energy technologies and their integration
into Chevron’s core businesses. As of the end of 2008, CTV
was investigating technologies such as next-generation biofuels,
advanced solar power and enhanced geothermal.
Chevron’s research and development expenses were
$835 million, $562 million and $468 million for
the years 2008, 2007 and 2006, respectively.
Some of the investments the company makes in the areas described
above are in new or unproven technologies and business
processes, and ultimate successes are not certain. Although not
all initiatives may prove to be economically viable, the
company’s overall investment in this area is not
significant to the company’s consolidated financial
position.
This excerpt taken from the CVX 10-K filed Mar 27, 2008. Research
and Technology
The company’s Energy Technology Company (ETC) supports
Chevron’s upstream and downstream businesses. ETC provides
technology and competency support in earth sciences; reservoir
and production engineering; drilling and completions; facilities
engineering; health, environment and safety; refining; technical
computing; strategic planning; and organizational capability.
Technology Ventures Company manages investments and projects in
emerging energy technologies and their integration into
Chevron’s core businesses. Its activities are managed
through four business units: Venture Capital, Biofuels, Hydrogen
and Emerging Energy.
Information Technology Company integrates computing,
telecommunications, data management, security and network
technology to provide a standardized digital infrastructure for
Chevron’s global operations.
During 2007, the company entered into research alliances with
Texas A&M University, with focus on the production and
conversion of crops for biofuels from cellulose, and the
Colorado Center for Biorefining and Biofuel, with focus on
conversion technologies. The company also has research alliances
with the University of California, Davis and the Georgia
Institute of Technology that are focused on converting
cellulosic biomass into transportation fuels.
Chevron’s research and development expenses were
$562 million, $468 million and $316 million for
the years 2007, 2006 and 2005, respectively.
Some of the investments the company makes in the areas described
above are in new or unproven technologies and business
processes, and ultimate successes are not certain. Although not
all initiatives may prove to be economically viable, the
company’s overall investment in this area is not
significant to the company’s consolidated financial
position.
This excerpt taken from the CVX 10-K filed Feb 28, 2008. Research
and Technology
The company’s Energy Technology Company (ETC) supports
Chevron’s upstream and downstream businesses. ETC provides
technology and competency support in earth sciences; reservoir
and production engineering; drilling and completions; facilities
engineering; health, environment and safety; refining; technical
computing; strategic planning; and organizational capability.
Technology Ventures Company manages investments and projects in
emerging energy technologies and their integration into
Chevron’s core businesses. Its activities are managed
through four business units: Venture Capital, Biofuels, Hydrogen
and Emerging Energy.
Information Technology Company integrates computing,
telecommunications, data management, security and network
technology to provide a standardized digital infrastructure for
Chevron’s global operations.
During 2007, the company entered into research alliances with
Texas A&M University, with focus on the production and
conversion of crops for biofuels from cellulose, and the
Colorado Center for Biorefining and Biofuel, with focus on
conversion technologies. The company also has research alliances
with the University of California, Davis and the Georgia
Institute of Technology that are focused on converting
cellulosic biomass into transportation fuels.
Chevron’s research and development expenses were
$562 million, $468 million and $316 million for
the years 2007, 2006 and 2005, respectively.
Some of the investments the company makes in the areas described
above are in new or unproven technologies and business
processes, and ultimate successes are not certain. Although not
all initiatives may prove to be economically viable, the
company’s overall investment in this area is not
significant to the company’s consolidated financial
position.
This excerpt taken from the CVX 10-K filed Feb 28, 2007. Research
and Technology
The company’s Energy Technology Company supports
Chevron’s upstream and downstream businesses with
technologies that span the hydrocarbon value chain from
exploration to refining and marketing.
The Technology Ventures Company identifies, grows and
commercializes emerging technologies with the potential to
transform energy production and use. The business development
portfolio includes biofuels, hydrogen infrastructure, advanced
batteries, nano-materials and renewable energy applications.
In the second quarter 2006, the company completed the
acquisition of a 22 percent interest in Galveston Bay
Biodiesel L.P., which is building one of the first large-scale
biofuel plants in the United States. During 2006, the company
also entered into research alliances with the University of
California, Davis and the Georgia Institute of Technology. Both
are focused on converting cellulosic biomass into viable
transportation fuels.
Chevron’s research and development expenses were
$468 million, $316 million and $242 million for
the years 2006, 2005 and 2004, respectively.
Some of the investments the company makes in the areas described
above are in new or unproven technologies and business
processes, and ultimate successes are not certain. Although not
all initiatives may prove to be economically viable, the
company’s overall investment in this area is not
significant to the company’s consolidated financial
position.
This excerpt taken from the CVX 10-K filed Mar 9, 2004. Research and Technology
The company’s core hydrocarbon technology efforts support the upstream, downstream, and power and gasification businesses. These activities include heavy oil recovery and upgrading, deepwater exploration and production, shallow water production operations, gas-to-liquids processing, hydrocarbon gasification to power, and new and improved refinery processes. Additionally, ChevronTexaco’s Technology Ventures Company focuses on the identification, growth and commercialization of emerging technologies that have the potential to change or transform how energy is produced or consumed. The range of business spans early-stage investing of venture capital in emerging technologies to developing joint venture companies in new energy systems, such as advanced batteries for distributed power and transportation systems and hydrogen fuel storage. During 2003, the company completed the worldwide implementation of a new information technology infrastructure encompassing computing, data management, security, and connectivity of partners, suppliers and employees. The architecture, known as “Net Ready,” provides the foundation for the company to cost-effectively and rapidly integrate advances in computing and network-based technology. ChevronTexaco’s research and development expenses were $238 million, $221 million and $209 million for the years 2003, 2002 and 2001, respectively. Because some of the investments the company makes in the areas described above are in new or unproven technologies and business processes, ultimate success is not certain. Although not all initiatives may prove to be economically viable, the company’s overall investment in this area is not significant to the company’s consolidated financial position.
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