Chevron Corporation (Working Proof)

Chevron Corporation (Working Proof)
Item# 4287chevronbr

Chevron Corporation (Working Proof)

This item is an extremely rare American Bank Note Company working proof for a Chevron Corporation stock certificate.

Reference:   Working proofs were used during the American Bank Note pre-production process. Each piece details the intricacies of the old fashioned cut-and-paste method in which the designs were developed. The proof was subsequently circulated amongst American Bank Note Company officials and the executives of the customer (in this case Chevron) for editing and approval. Once the approval and editing process was completed, the mass production of the certificate occurred for distribution to eventual shareholders. This unique item offers a glimpse into the bank note approval and printing process.

Item Contents:   Working proof (1 piece), mounted on a cardboard backing.
Presentation:   This item is presented on a rigid hard board that measures 12" (w) x 8 (h).
Proof Sheet:   The main proof (pictured above) is an original specimen, that has been mocked to show a phase of edits. Original markings appear directly on the proof sheet.

Company History:   Chevron traditionally traces its roots to an oil discovery in Pico Canyon (now the Pico Canyon Oilfield) north of Los Angeles. The discovery led to the formation, in 1879, of the Pacific Coast Oil Company, the oldest predecessor of Chevron Corporation. Another side of the genealogical chart points to the founding of The Texas Fuel Company in 1901, a modest enterprise that started out in three rooms of a corrugated iron building in Beaumont, Texas. This company was known as the Texas Company and later Texaco. Chevron Corporation was originally known as Standard Oil of California, or SoCal, and was formed amid the antitrust breakup of John D. Rockefeller's Standard Oil company in 1911. It was one of the "Seven Sisters" that dominated the world oil industry in the early 20th century. In 1933, Saudi Arabia granted SoCal a concession to find oil, and oil was found in 1938. In the early 1950s, SoCal discovered the world's largest oil field (Ghawar) in Saudi Arabia. SoCal's subsidiary, California-Arabian Standard Oil Company, developed over years, to become the Arabian American Oil Company (ARAMCO) in 1944. In 1973, the Saudi government began buying into ARAMCO. By 1980, the company was entirely owned by the Saudis, and in 1988, the name was changed to Saudi Arabian Oil Company (Saudi Aramco). Standard Oil of California and Gulf Oil merged in 1984, the largest merger in history at that time. Under the antitrust regulation, SoCal divested many of Gulf's operating subsidiaries, and sold some Gulf stations and a refinery in the eastern United States. SoCal changed the name to Chevron Corporation. In June 1992, Dynegy, Inc. was created from the merger of Chevron's former natural gas and natural gas liquids business with Dynegy's predecessor, NGC Corp. NGC had been an integrated natural gas services company since around 1994.

In a merger completed February 1, 2000, Illinova Corp. became a wholly owned subsidiary of Dynegy Inc., in which Chevron also took a 28% stake. However, Chevron in 2007 sold its 19 percent (at the time) common stock investment in the company for approximately $940 million, resulting in a gain of $680 million.

In 2001, Chevron Corporation acquired Texaco to form ChevronTexaco.

On May 9, 2005, ChevronTexaco announced it would drop the Texaco moniker and return to the Chevron name. Texaco remains as a brand under the Chevron Corporation. On August 19, 2005, Chevron acquired the Unocal Corporation. Because of Unocal's large South East Asian geothermal operations, Chevron became the world's largest producer of geothermal energy. On mid-2007,Chevron Corporation sold all Conoco stations in Mississippi to the Texaco brand a process to be complete at the end of 2007.

In July 2010, Chevron ended retail operations in the Mid Atlantic US, removing the Chevron and Texaco names from 1,100 stations in Delaware, Indiana, Kentucky, North Carolina, New Jersey, Maryland, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Washington, D.C., and parts of Tennessee.

    - from:
State Affiliations:   DE-Delaware

Related Piece(s):   Chevron Corporation Specimen (Blue) | Chevron Corporation Specimen (Brown)

See Additional American Bank Note Company Proofs

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.