Summer 2026, Summer 2027
Updated on 9/4/2026
Global oil, gas, and energy company
No salary listed
No H1B Sponsorship
Salt Lake City, UT, USA + 12 more
More locations: Midland, TX, USA | Geismar, LA, USA | Houston, TX, USA | Richmond, CA, USA | Pascagoula, MS, USA | Bakersfield, CA, USA | Belle Chasse, LA, USA | Covington, LA, USA | Ames, IA, USA | Pasadena, TX, USA | Greeley, CO, USA | El Segundo, CA, USA
In Person
Relocation may be considered; the development program may include multiple work locations or location rotations.
Bachelor's, Master's
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Chevron is a global energy company that produces oil, natural gas, and other energy products. It operates upstream (exploration and production), midstream, and downstream (refining, distribution, and marketing) across many regions. It differentiates itself through its long history, global scale, and integrated value chain that spans the full energy lifecycle from resource development to customer delivery. Its goal is to provide reliable energy by expanding resources, improving efficiency, and maintaining safety across markets.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Ramon, California
Founded
1879
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President Donald Trump's nine largest oil and gas holdings gained between $1.5 million and $4.4 million in the first six months of the Iran war, according to a CNBC analysis of his financial disclosure and market data. The holdings include Chevron, ExxonMobil, and seven other energy companies. CNBC calculated gains using share-price movements from 27 February, the day before hostilities began, through 31 August. Trump's accounts showed at least 23 sell transactions across the nine stocks through 29 June. A White House spokesman said Trump plays no role in trading decisions, with all investments managed independently. Ethics watchdogs disputed this, noting Trump still knows his heavy energy investment positions. The nine firms posted combined second-quarter profits of $47.6 billion, triple the prior year's figure. US crude prices rose roughly 36% since the war started.
Chevron shares have surged 43% year-to-date, approaching a record high of $212.79. However, analysts at 24/7 Wall St. have set a hold rating with a price target of $204.67, implying roughly 4% downside from current levels. The rally follows strong Q2 results, with adjusted earnings per share of $6.06 and revenue of $67.20 billion, up 51% year-on-year. The company also reduced total debt by $8.41 billion during the quarter. Despite the bullish momentum, Chevron trades at a price-to-earnings ratio of 34 compared to Exxon's 23. Analysts note a 20-year power purchase agreement with Microsoft at Project Kilby could unlock commodity-independent cash flow streams. WTI crude prices have climbed to $91.48, up from mid-$70s a month earlier, supporting the energy sector's recent strength.
Chevron will pay shareholders $1.78 per share on 10 September 2026, marking its 39th consecutive annual dividend increase. Shares are up 42% year-to-date, with the current yield at roughly 3.08%. The company posted adjusted earnings per share of $6.06 in Q2 2026, with revenue of $67.20 billion, up 51% year-over-year. Free cash flow reached $18.1 billion against a quarterly dividend of $3.5 billion. Full-year 2025 generated $33.94 billion in operating cash flow versus $12.75 billion in dividends. Net debt to cash flow stands at 0.6 times after $8 billion in debt reduction last quarter. When oil crashed to $37 in 2020, Chevron paid $9.7 billion in dividends by relying on its balance sheet. Hess synergies of $1.5 billion arrived ahead of schedule, whilst a 20-year Microsoft power deal provides cash flows independent of crude prices.
Chevron announced plans to more than double its oil production in Venezuela over the next five years through a $7 billion investment. The move expands the company's position in the South American nation. CEO Mike Wirth discussed the investment plans during an appearance on CNBC's Squawk on the Street programme. The expansion represents a significant increase in Chevron's Venezuelan operations. The investment comes as the company seeks to grow its international production footprint. Venezuela has some of the world's largest proven oil reserves, making it an attractive location for energy companies looking to expand their operations.
Chevron appears poised to benefit significantly from a new US-Venezuela oil deal. President Donald Trump announced an agreement giving the US control of over 65 billion barrels of Venezuelan proven oil reserves — roughly equal to total US proven reserves. Venezuelan Interim President Delcy Rodriguez confirmed the 25-year pact, which involves developing 17 oil fields and drawing more than $100 billion of investment. Chevron is reportedly negotiating to expand operations in Venezuela, where it's the only American oil major that maintained operations after the 1999 Bolivarian Revolution. The company's operations currently account for about one-fourth of Venezuelan oil production. Venezuela holds the world's largest proven crude oil reserves at 303 billion barrels, exceeding Saudi Arabia's reserves. Chevron reported second-quarter net income of $12 billion, nearly 400% higher year-over-year, beating Wall Street estimates by $0.50 per share at $6.06. CEO Mike Wirth said the company can process an additional 100,000 barrels per day of Venezuelan crude at its Mississippi refinery.