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Category: Chevron

Category:
  • Chevron
  • Climate

Chevron CEO Blames Climate Policies For Global Energy Crisis

Chevron CEO Mike Wirth warned that the premature transition to green energy is already having a major impact on Europe. The oil company chief noted that the global energy crisis Continue Reading

Posted On : 15 Oct 2022 Published By : Tom Whipple
Category:
  • Chevron

Chevron CEO Sees Oil Prices Rebounding On Tightening Supply

Oil prices might be down on Wednesday, but that situation could be short-lived, according to Chevron CEO Michael Wirth, who spoke at the CNBC Evolve Global Summitt on Wednesday. According Continue Reading

Posted On : 14 Jul 2022 Published By : Tom Whipple
Category:
  • Chevron

Chevron, union reject proposals in California refinery strike -official

 Chevron Corp (CVX.N) and the United Steelworkers union (USW) rejected each other’s proposals to end a month-long strike at the company’s Richmond, California, refinery, a union official said on Monday. Continue Reading

Posted On : 19 Apr 2022 Published By : Tom Whipple
Category:
  • Chevron

Chevron, union meet as California refinery strike enters third week -official

Chevron Corp (CVX.N) and the United Steelworkers union (USW) met on Monday to seek an end to a three-week-old strike by 500 workers at the company’s Richmond, California, refinery, a Continue Reading

Posted On : 12 Apr 2022 Published By : Tom Whipple
Category:
  • Chevron
  • Refining

Chevron, union negotiators to meet over California oil refinery strike

Negotiators from Chevron Corp (CVX.N) and the United Steelworkers union (USW) are scheduled to meet on Monday to discuss a possible end to a strike at the company’s oil refinery Continue Reading

Posted On : 9 Apr 2022 Published By : Tom Whipple
Category:
  • Chevron

Chevron, union schedule talks to end California refinery strike

Negotiators for Chevron Corp (CVX.N) and the United Steelworkers union (USW) are scheduled to meet next week in an effort to end a strike at a San Francisco-area refinery, spokespeople Continue Reading

Posted On : 25 Mar 2022 Published By : Tom Whipple
Category:
  • Chevron

Union workers at Chevron refinery prepare for strike on Monday

The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 a.m. on Monday barring agreement on Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon
  • International Oil Companies

Exxon, Chevron Hit Gushers of Cash as Big Oil Companies Lure Back Investors

Your browser does not support HTML5 video. Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will Continue Reading

Posted On : 2 Feb 2022 Published By : Tom Whipple
Category:
  • Chevron

Chevron kicks off oil industry’s Q4 results with a miss

Chevron reported $2.65 earnings per share, below estimates Shares post biggest once-day drop since August after results Profit miss driven by weaker output and downstream margins Flat to down 2022 Continue Reading

Posted On : 29 Jan 2022 Published By : Tom Whipple
Category:
  • Chevron
  • Shale Oil

Chevron to Boost Permian Output 10% in Major Lift for U.S. Shale

Chevron CEO Sees $100 Oil on Geopolitical Risks, Demand Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts Continue Reading

Posted On : 29 Jan 2022 Published By : Tom Whipple
Category:
  • Chevron

ConocoPhillips to sell Indonesia assets, exercises preemption for APLNG interest

ConocoPhillips is enacting two Asia-Pacific transactions aimed at lowering its aggregate decline rate and diversifying its product mix, the company said in a release Dec. 8. Indonesia Corridor PSC The Continue Reading

Posted On : 9 Dec 2021 Published By : Tom Whipple
Category:
  • Chevron

Chevron sets $15 billion capital, exploratory budget for 2022

Chevron Corp. has set a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15-17 billion guidance range and up more than 20% Continue Reading

Posted On : 4 Dec 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon
  • Solar
  • Wind

Why Chevron And Exxon Shun Solar And Wind

The world’s largest oil companies are under growing pressure from shareholders and society to reduce emissions and show efforts to fight the worst effects of climate change. Everyone in the Continue Reading

Posted On : 27 Sep 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

Exxon, Chevron conceal payments to some governments -watchdog

U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body Continue Reading

Posted On : 23 Sep 2021 Published By : Tom Whipple
Category:
  • Chevron

Chevron triples low-carbon investment, but avoids 2050 net-zero goals

 Chevron Corp (CVX.N) on Tuesday pledged to triple to $10 billion its investments to reduce its carbon emissions footprint through 2028, while saying it was not yet ready to commit Continue Reading

Posted On : 15 Sep 2021 Published By : Tom Whipple
Category:
  • Chevron

Chevron Braces For Activist Investor Fight

Chevron has recently met with representatives of activist investor hedge fund Engine No. 1 to talk about plans for emissions reductions, as the U.S. supermajor is getting ready for a Continue Reading

Posted On : 6 Sep 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Gulf Of Mexico

Chevron returns essential crews to all six of its US Gulf of Mexico platforms, no significant damage seen: company

Chevron has redeployed essential crews to its six operated US Gulf of Mexico platforms that were evacuated last week when Hurricane Ida raced toward the Louisiana coast, the company said Continue Reading

Posted On : 4 Sep 2021 Published By : Tom Whipple
Category:
  • Biofuels
  • Chevron

Chevron Expands Push into Dairy-to-Gas Fuel

Chevron Corp. is accelerating its push to convert cow manure into renewable natural gas as part of its effort to reduce its carbon footprint. (Bloomberg) — Chevron Corp. is accelerating Continue Reading

Posted On : 25 Aug 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

Exxon, Chevron Report Billions in Profits but Plan to Keep Spending Tight

Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to continue spending sparingly to boost production despite higher commodity prices. Continue Reading

Posted On : 30 Jul 2021 Published By : Tom Whipple
Category:
  • Chevron

Chevron’s Carbon Capture Project Falls Short Of Requirements

The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like. While almost every Continue Reading

Posted On : 21 Jul 2021 Published By : Tom Whipple
Category:
  • Chevron

Chevron Won’t Cut Oil & Gas Business For Renewables

Unlike European supermajors, U.S. Chevron doesn’t have any plans to reduce its oil and gas business to invest in solar or wind power, chief financial officer Pierre Breber said at Continue Reading

Posted On : 25 Jun 2021 Published By : Tom Whipple
Category:
  • Chevron

Chevron Investors Back Climate Proposal in Rebuke to C-Suite

Chevron CEO Mike Wirth speaks with Bloomberg Television. Chevron Corp. shareholders voted for a proposal to reduce emissions from the company’s customers, the latest sign that oil titans are coming Continue Reading

Posted On : 27 May 2021 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 9 Feb 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

Exxon-Chevron Tie-Up Not as Crazy as It Sounds

  View full article at www.wsj.com

Posted On : 2 Feb 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

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

Posted On : 2 Feb 2021 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

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

Posted On : 1 Feb 2021 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 30 Jan 2021 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 30 Jan 2021 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 26 Oct 2020 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

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

Posted On : 9 Oct 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 9 Oct 2020 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon

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

Posted On : 8 Oct 2020 Published By : Tom Whipple
Category:
  • Chevron
  • Exxon
  • Norway

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

Posted On : 25 Aug 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 14 Aug 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 1 Aug 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 21 Jul 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 28 May 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 2 May 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 25 Mar 2020 Published By : Tom Whipple
Category:
  • Chevron
  • Venezuela

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

Posted On : 7 Mar 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 4 Mar 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 4 Mar 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 4 Mar 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 26 Feb 2020 Published By : Tom Whipple
Category:
  • Carbon Capture
  • Chevron

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

Posted On : 20 Feb 2020 Published By : Tom Whipple
Category:
  • Chevron
  • Climate
  • Exxon

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

Posted On : 15 Feb 2020 Published By : Tom Whipple
Category:
  • Chevron

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

Posted On : 1 Feb 2020 Published By : Tom Whipple

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