Chevron and Mercuria Finalize CNG Refueling Network Joint Venture
SAN RAMON, CA & SARATOGA SPRINGS, NY & HOUSTON – (COMMERCIAL THREAD) – Chevron USA Inc., a subsidiary of Chevron Corporation (NYSE: CVX), today announced the closing of its previously announced acquisition of a stake in American Natural Gas LLC and its network of 60 compressed natural gas stations across the United States from Mercuria Energy Trading.
Chevron is one of the world’s leading integrated energy companies. We believe that affordable, reliable and ever cleaner energy is essential to achieve a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that improve our business and the industry. To advance a low carbon future, we are focused on reducing the carbon intensity in our operations and growing our low carbon businesses. More information about Chevron is available at www.chevron.com.
Founded in 2004, Mercuria is one of the largest independent energy and raw materials groups in the world. As an integrated group, Mercuria is present throughout the commodity value chain with activities forming a balanced combination of trade flows, strategic assets and structuring solutions. With more than $ 100 billion in sales, Mercuria has become one of the most active players in the energy and renewable energy markets. Over the next five years, the company will direct half of its investments towards energy transition. For more information, visit www.mercuria.com.