Chevron is the third-largest oil producer in Nigeria and one of its largest investors, spending more than $3 billion annually.
In Nigeria, we do business through our subsidiary Chevron Nigeria Limited. The company operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation and has assets on land, swamp and near-offshore concessions covering approximately 2.2 million acres (8,900 sq km) in the Niger Delta region.
Chevron also has extensive interests in deepwater Nigeria. The Agbami Field is one of Nigeria's largest deepwater discoveries. The company also has an interest in another deepwater development, the Usan project.
Chevron provides career opportunities for Nigerians hired as employees and workers who are under contract.
Chevron is one of the world's leading integrated energy companies. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide renewable energy and energy efficiency solutions; and develop the energy resources of the future, including research into advanced biofuels.
We trace our beginnings to an 1879 oil discovery at Pico Canyon, north of Los Angeles, which led to the formation of the Pacific Coast Oil Co. That company later became Standard Oil Co. of California and, subsequently, Chevron. We took on the name Chevron when we acquired Gulf Oil Corporation in 1984, which nearly doubled our worldwide proved crude oil and natural gas reserves. Our merger with Gulf was then the largest in U.S. history.
Another major branch of the family tree is The Texas Fuel Company, formed in Beaumont, Texas, in 1901. It later became known as The Texas Company and, eventually, Texaco. In 2001, our two companies merged. The acquisition of Unocal Corporation in 2005 strengthened Chevron's position as an energy industry leader, increasing our crude oil and natural gas assets around the world.
Our diverse and highly skilled global workforce consists of approximately 61,900 employees, including more than 3,600 service station employees.
In 2012, Chevron's average net production was 2.61 million barrels of oil-equivalent per day. About 75 percent of that production occurred outside the United States. Chevron had a global refining capacity of 1.95 million barrels of oil per day at the end of 2012.
Our marketing network supports retail outlets on six continents. And we have invested in 11 power-generating facilities in the United States and Asia.