Post Tagged with: "chevron"

Strive Asset Management sends open letter to Chevron to deliver a post-ESG mandate

Strive Asset Management sends open letter to Chevron to deliver a post-ESG mandate

Strive Asset Management


Strive Asset Management (Strive) sent a shareholder letter to Chevron, Inc. – marking the company’s first shareholder engagement letter on behalf of its clients. Strive calls on Chevron to liberate itself from constraints imposed by its ESG-promoting …

Source: Reuters

Chevron applies for Venezuela license renewal, proposes wider business

Nasdaq


HOUSTON – Chevron Corp CVX.N has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned country, six people close to the …

Source: Reuters

Chevron announces leadership changes

Oil and Gas 360


SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign …

Source: Reuters

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

US News


The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

The U.S.

Source: CNBC

Google and Chevron invest in nuclear fusion startup that’s raised $1.2 billion

CNBC


Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion.

Nuclear fusion is often referred …

Source: World Oil

Chevron looks to revamp Venezuela oil pact to boost output

World Oil


(Bloomberg) — Chevron Corp. wants more control over the oil it produces in Venezuela, a move that would help the driller boost output and recover debt if the US eases sanctions amid a global fuel crunch.

The energy …

Source: Chevron

A letter to President Biden from Chevron CEO Mike Wirth

Chevron


Dear Mr. President:

Thank you for your letter dated June 14, 2022. As industry leaders, academic experts and numerous policy makers have pointed out, there are no easy fixes nor any short-term answers to the global supply and demand …

Source: Reuters

The U.S. may never build a new refinery, Chevron CEO says

World Oil


(Bloomberg) — There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.

“We haven’t had a refinery built in the United States …

June 6, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

Restricting U.S. fuel exports would be ‘unwise’, says Chevron CEO

Reuters


HOUSTON – Chevron Corp Chief Executive Michael Wirth said on Wednesday he expected oil and motor fuel prices to stay high but cautioned against limiting fuel exports to guarantee U.S. supplies.

The CEO of the second-largest U.S. oil producer …

Source: Reuters

U.S. prepares renewal of Chevron’s Venezuela license without broader terms

Reuters


HOUSTON/WASHINGTON — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp’s license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the …

Source: Reuters

Chevron says world’s largest carbon capture project has ‘a ways to go’ to meet goals

US News


MELBOURNE – Chevron Corp’s Gorgon carbon capture and storage (CCS) project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets it has

Source: Reuters

Chevron’s profit nearly quadruples, Wall Street underwhelmed

Reuters


HOUSTON – Chevron Corp’s first-quarter profit leapt from the same period a year ago to its highest in 10 years, benefiting from the surge in oil and gas prices in the aftermath of Russia’s invasion of Ukraine.

The second-largest …

Source: World Oil

Chevron raises Permian Basin oil production growth target to 15%

World Oil


(Bloomberg) — Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages.

Chevron will produce the equivalent of …

Source: Reuters

Chevron, Staatsolie sign production sharing contract for Surinam’s Block 7

Nasdaq


PARAMARIBO – Suriname’s state firm Staatsolie and a unit of Chevron Corp CVX.Nhave signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the South …

Source: Reuters

Chevron, union negotiators to meet over California oil refinery strike

Nasdaq


HOUSTON, April 8 – 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 in Richmond, California, spokespeople for …

April 8, 2022 - 3:15 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: NBC

EXCLUSIVE Chevron set to trade Venezuelan oil if U.S. relaxes sanctions -sources

NBC News


MIAMI — Senior U.S. officials secretly traveled to Venezuela over the weekend in a bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could …

Chevron to seek Project Canary certification of select North American upstream assets

Chevron to seek Project Canary certification of select North American upstream assets

Publisher’s Note- Project Canary is a sponsor and speaker of EnerCom Dallas The Energy Investment & ESG Conference  this coming April 6-7, 2022.

Oil and Gas 360


HOUSTON & DENVER–(BUSINESS WIRE)–Feb. 23, 2022– Chevron Corporation (NYSE: CVX) announced today a …

Source: Reuters

Shale giants swear they won’t drill more, even at $200 a barrel

World Oil


(Bloomberg) — The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation.…

Source: Reuters

Exclusive-U.S. weighs Chevron request to take Venezuela oil for debt payments -sources

Yahoo Finance


HOUSTON/WASHINGTON – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said.

Chevron representatives in …

Source: Reuters

Chevron shares retreat from a record after fourth-quarter profit falls short of expectations

CNBC


Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices.

Chevron earned $2.56 per share excluding items during the fourth quarter, while analysts had been expecting $3.12 per share, according to estimates

Source: Reuters

Chevron, Equatorial Guinea sign production sharing contract for Block EG09

World Oil


JOHANNESBURG, SOUTH AFRICA — Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09, located in the Douala basin on the border of Cameroon.

Representing a notable achievement for both Chevron as it moves …

Source: Reuters

Chevron’s Angola subsidiary signs 20-year extension for Block 0

World Oil


LUANDA – Chevron’s subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC) has just renewed the concession of Block 0, located on Cabinda province’s offshore. The agreement, signed in Houston, United States of America, extends the concession for …

Source: Reuters

Exxon, Chevron target billions in share buybacks as cash flow surges

World Oil


HOUSTON (Bloomberg) –Exxon Mobil Corp. and Chevron Corp. are plowing windfall profits into share buybacks as soaring energy prices boost their cash flow.

Exxon will revive repurchases for the first time since 2016. The company said Friday it …

Source: CNBC

Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

CNBC


Chevron said Friday that it generated the highest free cash flow on record during the third quarter, as surging commodities prices and lower operational costs boosted operations.

 

The oil giant beat top- and bottom-line estimates for the period, …

Source: Reuters

Chevron commits to net zero operational emissions by 2050

Reuters


Chevron Corp on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.

The move to cut upstream emissions from its own operations …

October 11, 2021 - 12:30 pm Carbon Capture, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Chevron, Exxon, Valero, others win bids for planned U.S. SPR sale

Reuters


WASHINGTON – The U.S. government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy …

Source: Reuters

Chevron braces for activist challenge; meets Engine No.1 representatives- WSJ

Reuters


Chevron Corp is preparing to defend itself against a potential challenge from activist investors and met with representatives of the pro-environment fund at the center of similar events at Exxon earlier this year, the Wall Street Journal reported on

Source: Reuters

U.S. energy firms launching employee COVID-19 vaccination mandates

Reuters


U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and energy workers, according to health surveys, remain among those most reluctant to get inoculations.

Calls to require vaccinations …

August 23, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs
Source: World Oil

Baker Hughes to supply Chevron’s Gorgon facility with subsea compression manifold

World Oil


HOUSTON – Baker Hughes has been awarded a contract from Chevron Australia Pty Ltd to deliver subsea compression manifold technology for the Jansz-Io Compression (J-IC) Project.

Driven by Baker Hughes’ Subsea Connect early engagement approach, Baker Hughes will …

Source: Fox Business

Chevron tops profit estimates, joins share buyback stampede

Fox Business


Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.

Oil and …