Chevron Corp (Chevron) is an integrated oil and gas company. It carries out upstream and downstream operations. It explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation lubricants and fuels; manufactures and markets additives and petrochemicals; generates power; and develops and deploys technologies to enhance the company's operations. The industries served by Chevron include energy, chemicals, and petrochemicals.

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Chevron undertakes research and development to advance energy solutions, focusing on technologies that support its oil, natural gas, and new energies businesses. The company is involved in developing and deploying advanced technologies, digital and data science, and maintaining a strong safety culture and environmental stewardship. Chevron holds more than 4,000 patents for new technologies, with nearly 3,400 additional patents pending. Collaboration with startups, universities, national laboratories, joint ventures, and service companies is emphasized to integrate emerging technologies into existing energy value chains. Chevron Technology Ventures (CTV) identifies and invests in externally developed technologies and new business solutions to enhance energy production and delivery. In FY2025, the company spent US$427 million on R&D, which as a percentage of revenue, stood at 0.2% and grew 20.9% YoY.