2021 U.S.-Booked Air Volume: $22.2 million
2021 Global T&E: $64.7 million
Primary Global Expense Supplier: Concur
Primary Global Risk Management Supplier: ISOS Primary Global Payment Supplier: American Express
Primary Global Online Booking Tool: Concur
Primary Air Suppliers: Lufthansa, Southwest, United
Primary Hotel Suppliers: Hilton, Hyatt, Marriott
Primary Car Rental Suppliers: Avis Budget, Enterprise
Card Program: Individual Bill/Individual Pay
Consolidated U.S. TMC: CWT

American multinational energy company Chevron reported 2021 total revenue of $162.5 billion, up from $94.7 billion in 2020 and $146.5 billion in 2019. It also increased its 2021 U.S.-booked air volume to $22.2 million from $17.2 million in 2020. The company anticipates air volume in 2022 to be $71.1 million, about 85 percent of its 2019 level of $83.6 million. It began its return to office during the first quarter of 2022.

Chevron has continued to focus on enabling safe, reliable and cost-effective business-essential travel with further expansion and enhancement of technologies to make the travel program more efficient and to enhance the traveler experience. Chevron integrated its travel policy and program with those of Noble Energy, which it acquired in October 2020. It also implemented and executed a new strategy for sourcing its global preferred hotel program, which uses dynamic rates both with and without a cap, as well as rate shopping and audit tools. Chevron renegotiated all hotel master service agreements for off-site meetings and worked with hotel providers to adjust meeting and event scheduling and costs.

For 2022, Chevron is revisiting contracts for regional airline and ground transportation sourcing, aims to complete a New Distribution Capability pilot, is continuing to increase usage of CTREX Travel, its private-labeled Concur online booking tool, and will evaluate and select a price-optimization technology for the global travel program. In addition, it plans to define and implement measurement protocols for carbon intensity of the global travel program and consider establishing goals to lower the carbon intensity of that program.

Chevron completed its acquisition of Renewable Energy Group in June 2022 for about $3.15 billion. The transaction is expected to accelerate progress toward the company’s goal to grow renewable fuels production capacity to 100,000 barrels per day by 2030. Chevron’s workforce totaled about 37,500 by Dec. 31, 2021, down from about 42,600 the year prior.