A route to better research and business development has been found through Chevron's disciplined, consistent strategy.
US-listed oil major Chevron has for more than a decade used corporate venturing as a less traditional method to find and leverage technology for greater performance and growth.
Such consistent application of corporate venturing has been relatively rare in the petroleum industry, even if Chevron’s experience has delivered its strategic and financial goals through 57 investments, latterly under the leadership of Trond Unneland, managing executive of Chevron Technology Venture Investments since 2007.
He said its relative longevity came from the…
