Once narrowly defined as metal complexes of precise chemical formula (η
5
‐C
5
H
5
)
2
M, the word “metallocene” has evolved to represent a versatile class of polymerization technology that is slowly but significantly reshaping the polyolefin industry. Metallocene catalysts enable production of polyethylenes with narrow molecular weight and composition distributions, efficient incorporation of standard and nonstandard comonomers, an excellent spectrum of tacticity control in poly‐α‐olefins, and remarkable adaptability enabled by accumulated scientific endeavors relating ligand designs to polymer microstructures. Olefin polymerization is reviewed in some detail with emphasis on commercially relevant technologies, and a brief commercial overview is included. Nonpolymerization catalysis and (co)polymerization of functional monomers are also briefly summarized.