Chevron, once part of the Standard Oil empire, has grown over the past quarter century into the world’s fourth largest petroleum company, thanks to a series of ambitious acquisitions: Gulf Oil in 1984, Texaco in 2001 and Unocal in 2005. The purchase of Texaco brought with it a massive environmental lawsuit that has dragged on for more than a decade. This is only one of a host of controversies surrounding Chevron’s environmental and human rights record around the world.
Ecuador
Repsol YPF
Company Snapshot:
Since its privatization in the 1990s, Spain’s Repsol YPF has become one of the world’s largest integrated oil companies. While retaining its dominant position in its home country, Repsol made a major push into South America, becoming the largest foreign energy player on that continent. The YPF part of its name reflects a major acquisition in Argentina.
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