Arkestro's Collaboration with Chevron Enhances Predictive Procurement on a Global Scale

Arkestro Enhances Global Procurement with Chevron

In a significant milestone for both companies, Arkestro, renowned as a leading predictive procurement platform, has announced an extensive partnership with Chevron, recognized among the top integrated energy corporations worldwide. This collaboration aims to refine and transform operational procurement practices, leveraging advanced technology to boost efficiency and reduce costs.

The partnership was highlighted on October 15, 2025, in a press release detailing Arkestro's notable achievements within Chevron’s business sectors. Thus far, Chevron has successfully implemented Arkestro's platform across various operational units. The result has been a marked acceleration in supplier cycle times, improved visibility across procurement processes, and a proactive approach to managing cost volatility.

Joshua Flowers, Senior Manager of Supply Chain Management at Chevron, expressed the company’s commitment to achieving quick material value through these technological enhancements. He stated, "Arkestro's platform offers the predictive insights and transparency we need to master market complexities and maximize our bottom line. It significantly supports our operations, allowing our team to concentrate on high-priority initiatives while effectively managing procurement. Thanks to Arkestro's patented AI technologies, we're able to simplify the procurement process, easing the pressures on our limited resources."

This latest expansion marks a pivotal phase for Arkestro. The company has seen burgeoning momentum especially within the oil and gas sector, characterized as its most rapidly advancing vertical. Oil and gas entities utilizing Arkestro's platform have experienced average price reductions surpassing 20% compared to previous best prices analyzed. Moreover, these organizations manage to conduct threefold the number of sourcing events, tapping into a broader spectrum of addressable expenditures using existing resources—realizing cost-saving benefits in just 60 days.

Arkestro's recent growth surge has been further supported by a $36 million strategic investment spearheaded by energy-specialized venture capital firms Altira Group and Aramco Ventures. Arkestro's CEO, Rob DeSantis, remarked on the partnership's significance, stating, "In an industry marked by unparalleled complexity, leaders are seeking more than just cost reductions; they demand expansive AI integration. Chevron's innovative outlook underscores the comprehensive shift towards intelligent procurement, enabling them to transform their procurement operations into proactive value drivers."

Robert Turnham, a member of Arkestro’s executive advisory board, emphasized the current challenges in the oil and gas industry, characterizing them as unprecedented. The industry’s pressing need for predictive, intelligent procurement processes is crucial for materially influencing margins. Through real-time adaptability in sourcing strategies, Arkestro equips entities to confront fluctuating market conditions and manage operational costs effectively—essential for overseeing complex projects in the oilfield sector.

As part of this exciting collaboration, Arkestro is set to unveil its platform and showcase customer success stories, including those from several prominent oil and gas firms, at the forthcoming Optimal '25 conference in Houston on October 29–30, 2025. Joshua Flowers will participate as a featured speaker, elaborating on Chevron's journey with predictive procurement transformation.

This conference stands out as an essential event for procurement professionals, comprising notable keynotes, various workshops, and detailed case studies elucidating how AI and predictive technologies are reshaping procurement landscapes across multiple industries. For insights on Arkestro and updates regarding the Optimal '25 event, visit www.arkestro.com.

About Arkestro

Arkestro is at the forefront of predictive procurement, specializing in enterprise spend transformation and enhancing supply chain agility. By integrating AI with game theory and utilizing Arkestro's unique triad of technologies—Negotiation Science, Supplier Science, and Process Science—it revolutionizes traditional procurement into a dynamic, proactive function. Trusted by Fortune 500 companies spanning diverse sectors, Arkestro helps unlock hidden savings, optimize negotiations, and strengthen supplier relationships.

About Chevron

Chevron stands tall as one of the world’s leading integrated energy companies. The company believes in the necessity of affordable, reliable, and progressively cleaner energy for fostering human advancement. Engaged in crude oil and natural gas production, Chevron also manufactures fuels, lubricants, and petrochemicals while pushing innovation in renewable energy technologies, carbon capture, and hydrogen production. For additional information, visit www.chevron.com.