chevron technology ventures
we bring external innovation to chevron, and chevron to external innovation
what we do
Chevron Technology Ventures (CTV) was launched in 1999 to identify and integrate externally developed technologies and new business solutions with the potential to enhance the way Chevron produces and delivers affordable, reliable and ever-cleaner energy now and into the future.
in the news
invest in the core
Chevron’s Core Venture Fund invests in technologies that have the potential to add efficiencies to Chevron’s core business in the areas of operational enhancement, digitalization and lower-carbon operations.
Chevron’s first Core Venture Fund was launched in 1999. Now in our seventh fund, we have invested in more than 100 companies with more than 150 other investors.
invest in the future
Our first Future Energy Fund was launched in 2018, focusing on areas such as carbon capture, emerging mobility and energy storage. Building on its success, Future Energy Fund II was launched in 2021, and has focused on industrial decarbonization, emerging mobility, energy decentralization and the growing circular economy. Future Energy Fund III, launched in 2024, will continue to look forward in the areas of focus for the earlier two funds and aims to expand investment in the areas of novel low carbon fuels, advanced materials and transforming carbon to higher-value products. Our Future Energy Funds have invested in more than 30 companies with more than 250 other investors in support of low-carbon innovations.
areas of interest
CTV engages a range of startup companies, investors, incubators and accelerators to access technology that can be used across Chevron now and in the future to enable us to operate more efficiently, to lower the carbon intensity of our operations and launch viable new businesses.
Select portfolio companies in our focus areas:
limited partnership participation
* a sample of companies listed.