Oil May Not Be Chevron’s Largest Business In 20 Years
While oil and gas will certainly be needed for decades to come, the oil and gas division may not be Chevron’s top business in 20 years, although it will still Continue Reading
Exxon-Chevron Tie-Up Not as Crazy as It Sounds
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DJ Says Exxon and Chevron Discussed Merger
The chief executive officers of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two largest U.S. oil companies, Dow Jones reported, citing people familiar with the Continue Reading
Exxon, Chevron CEOs Discussed Merger
The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp. CVX -4.29% spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what Continue Reading
Chevron disappoints Wall St with third straight quarterly loss
US oil company Chevron slumped to its third straight quarterly loss, disappointing Wall Street and underlining the damage inflicted on even the industry’s biggest groups by the price crash. The second-biggest Continue Reading
Chevron Posts Quarterly Loss to Cap Worst Year Since 2016
Chevron Corp. CVX -4.29% posted its third consecutive quarterly loss Friday to close its worst year since 2016, as the global pandemic continues to weigh on the oil-and-gas industry and cloud hopes for renewed economic Continue Reading
Chevron bets on Middle East gas riches and reconciliation
After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long Continue Reading
Exxon’s Market-Value Crown in Energy Passes to Chevron, NextEra
Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more Continue Reading
Chevron Doubles Down on Renewable Natural Gas
Chevron Corp. is doubling down on its plan to turn cow manure into renewable natural gas. The oil major formed a joint venture with waste solutions manager Brightmark LLC to Continue Reading
Chevron Overtakes Exxon Mobil as America’s Largest Oil Company
Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more Continue Reading
Norway’s Biggest Private Money Manager Exits From Exxon, Chevron Over Climate Change
The investment firm, a unit of insurer Storebrand ASA with around $91 billion under management, said Monday it sold off more than $47 million in 21 companies and excluded another Continue Reading
Chevron Keeps Drilling for Oil as Its Rivals Embrace Renewables
Speaking to the Texas Oil & Gas Association in July, Chevron Corp. Chief Executive Officer Mike Wirth assured his audience that the global clamor for clean energy “doesn’t mean the end of Continue Reading
Chevron posts $8.3 billion loss on writedowns, job cuts
Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets Continue Reading
Chevron buys East Med gas producer, shale driller Noble Energy for $5 billion
Chevron’s $5 billion bid for Noble Energy July 20 moves the major into both the East Mediterranean gas sector and the US’ Denver-Julesburg Basin at a time of uncertainty in Continue Reading
Chevron Plans Massive Workforce Reduction
Chevron Corp has plans to cut between 10 percent and 15 percent of its workforce as crude oil prices remain stubbornly low amid the coronavirus pandemic and oversupply. With oil Continue Reading
Chevron to cut output up to 300,000 boe/d in May, more to come
Chevron has so far curtailed a relatively small amount of its oil and gas production due to low crude prices and dwindling demand from the global coronavirus pandemic, but bigger Continue Reading
Chevron announces spending cuts and halts buyback programme
US oil group Chevron is to make sweeping cuts to its spending plans for this year and will abandon its $5bn share-buyback program, saying the move would protect its dividend Continue Reading
U.S. discussing non-renewal of Chevron’s Venezuela waiver, moves to cut oil trade – sources
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s ( CVX.N ) Continue Reading
Oil Major Looks To Return $80 Billion To Shareholders By 2024
Thanks to careful spending in lower-risk projects with solid returns, U.S. oil supermajor Chevron has the capacity to distribute US$75 billion-US$80 billion in cash to shareholders over the next five Continue Reading
Chevron ups Permian Basin resource estimate to over 21 billion boe, double 2017 estimate
Chevron has upped its Permian Basin resource estimate to more than 21 billion barrels of oil equivalent, more than double the company’s estimate just three years ago, its top executives Continue Reading
Chevron Counting on Permian to Yield $80 Billion for Investors
Chevron Corp. plans as much as $80 billion in dividends and share buybacks over the next five years, boosting distributions by 20% compared with the most recent pace of payouts Continue Reading
Chevron Launching Layoffs in April
Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year. Chevron Corp. will be launching a round of layoffs beginning April 6 Continue Reading
Chevron Teams Up on Carbon Capture Investment
The investment will be used to deliver a pipeline of global projects to lower emissions from the oil and gas industry. Chevron Technology Ventures, the tech arm of Chevron Corp., Continue Reading
Pressure is on Exxon and Chevron after BP makes major climate pledge
The biggest British petroleum producer just set one of the most ambitious climate goals of any major multinational oil-and-gas company. Now the pressure is on its American counterparts to do Continue Reading
Chevron Swings To $6.6B Loss After Huge Shale Gas Write-Off
Chevron Corporation ( NYSE: CVX ) posted a fourth-quarter loss of $6.6 billion versus earnings of $3.7 billion for the same period of 2018, on the back of massive write-offs Continue Reading