Chevron Technology Ventures

Chevron Technology Ventures (CTV) was launched by Chevron in 1999 to find and integrate externally developed technologies and business solutions from the startup ecosystem. Chevron describes the unit's role as bringing external innovation to Chevron and Chevron to external innovation. CTV is based in Houston and sits inside Chevron's technology organization, where its president also serves as vice president of innovation.

The unit invests through two Chevron-funded fund families. The Core Venture Fund backs technologies that can improve Chevron's existing business through operational enhancement, digitalization and lower carbon operations; Chevron says it has invested in more than 100 companies alongside more than 300 co-investors since 1999. The Future Energy Funds, started in 2018, back lower carbon technologies, and Chevron reports they have invested in more than 30 companies with more than 250 other investors. Future Energy Fund III, a $500 million fund launched in 2024, targets Series A, B and C companies. Sample holdings listed by Chevron include TAE Technologies, Zap Energy, Syzygy Plasmonics, Hydrogenious, Claroty, Seeq, Xage and Zededa.

CTV's distinguishing feature is how closely deals tie to Chevron operations. According to Global Corporate Venturing's 2026 Powerlist profile, about two-thirds of portfolio companies have run pilot projects with Chevron, and about half of those go on to become Chevron suppliers. CTV also runs the Catalyst Program for early-stage companies and works with incubators and accelerators including Greentown Labs, The Ion, The Cannon, Rice Alliance and Chevron Studio, and Chevron announced an Israel energy technology accelerator for early-stage startups in June 2026.