How AI describes Chevron Technology Ventures

Chevron Technology Ventures (CTV) identifies and integrates externally developed technologies and startup innovations with the potential to enhance Chevron's energy production and delivery, linking Chevron with external innovation. Its Core Venture Fund invests in technologies that improve Chevron’s core business through operational enhancements, digitalization, and lower-carbon operations, and has backed more than 100 companies with over 300 co-investors since 1999. Its Future Energy Funds—Fund I (carbon capture, emerging mobility, energy storage), Fund II (industrial decarbonization, emerging mobility, energy decentralization, circular economy), and Fund III (lower-carbon fuels, advanced materials, transforming carbon to higher-value products)—have invested in more than 30 companies with more than 250 co-investors to advance lower-carbon innovations.