2024 U.S.-Booked Air Volume: $94 million
2024 Global T&E: $299 million
Primary U.S. Air Suppliers: Delta, Southwest, United
Primary U.S. Hotel Suppliers: Hilton, Hyatt, Marriott
Primary U.S. Car Rental Supplier: Avis Budget Group, Enterprise Mobility
Global Online Booking Tool: Concur
Global Expense Management Supplier: Concur
Global Travel Risk Management Supplier: ISOS
Global Payment Supplier: Bank of America
Consolidated Global TMC: CWT
Chevron’s U.S. air volume dipped slightly in 2024, while its planned travel and entertainment spending rose by nearly 28 percent year over year. With 45,298 employees globally and $193.4 billion in revenue in 2024, Chevron maintained its position as one of the world's largest integrated energy companies.
The company completed a hotel RFP for its preferred program and continued to expand utilization of the CTREX Travel online booking tool and MyCWT mobile app. It also completed regional sourcing for airlines and ground transportation, developed a formal measurement protocol for the carbon intensity of its travel program and finalized important decisions around travel analytics platforms. Chevron participated in NDC pilots—actively testing New Distribution Capability content with legacy suppliers to modernize distribution and booking workflows.
In August 2024, Chevron moved its headquarters from San Ramon, Calif., to Houston. Amid plans to cut 15 percent to 20 percent of its workforce by 2026 as part of a $2 billion to $3 billion cost-saving initiative, the company is focused on modernizing operations and investing in sustainability.
Among its 2025 travel program goals, the company plans another hotel RFP with more pricing flexibility, will expand meetings and events internationally and improve technology for NDC access—building on its pilot work. Chevron will renegotiate major global airline and ground contracts, deploy AI to identify and summarize spend trends and program recommendations, and continue collaborating on AI development with suppliers for airline, hotel and event sourcing. Ongoing priorities include advancing ground supplier crash-rated vehicle integration, launching a global car rental RFP, analyzing VAT recovery gaps and further automating traveler messaging to improve satisfaction and well-being.