Chevron Corp was incorporated in Delaware in 1926 as Standard Oil Company of California, and it adopted the name Chevron Corporation in 1984 and ChevronTexaco Corporation in 2001. In 2005, ChevronTexaco Corporation changed its name to Chevron Corporation. The Company manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, and power and energy services. The Company operates in two business segments; Upstream and Downstream. Upstream operations consist of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas; and a gas-to-liquids project. Downstream operations consist of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives. The upstream and downstream activities of the Company and its equity affiliates are widely dispersed geographically, with operations and projects in North America, South America, Europe, Africa, Asia and Australia. It owns and operates an extensive network of crude oil, natural gas, natural gas liquid, refined product and chemical pipelines and other infrastructure assets in the United States. The Company also has direct or indirect interests in other U.S. and international pipelines. The Company works in all segments of the downstream industry-manufacturing, products, chemicals and transportation. Its markets refined fuels and finished lubricants primarily under three brands; Chevron, Texaco and Caltex. Its Americas Products organization serves retail, commercial and industrial, and aviation fuel customers in the United States and Canada as well as in Latin America and the Caribbean under the Chevron and Texaco brands. Its International Products organization markets its petroleum products and aviation fuels through Caltex in Africa, the Asia-Pacific region, the Middle East and Pakistan and through Texaco in Europe. In United States, the Company markets under the Chevron and Texaco brands, supplied directly or through retailers and marketers approximately 8,050 Chevron and Texaco branded motor vehicle service stations, primarily in the southern and western states. Outside the United States, it supplies directly or through retailers and marketers approximately 8,600 branded service stations, including affiliates. The Company competes with fully integrated, petroleum companies, as well as independent and national petroleum companies, for the acquisition of crude oil and natural gas leases and other properties and for the equipment and labor required to develop and operate those properties. In its downstream business, it competes with fully integrated, petroleum companies and other independent refining, marketing, transportation and chemicals entities and national petroleum companies in the sale or acquisition of various goods or services in many national and international markets. Virtually all aspects of the businesses in which the Company engages are subject to various international, federal, state and local environmental, health and safety laws, regulations and market-based programs.