Post Tagged with: "chevron"

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 …

Source: Reuters

Chevron, partners go ahead with $4 bln project at Gorgon LNG

Bic Magazine


Chevron Corp and its partners in the Gorgon LNG project off Western Australia have agreed to go ahead with a $4 billion project to improve gas recovery from offshore wells and keep the huge liquefied natural gas plant …

Source: Reuters

Chevron has no plans to shrink conventional energy business

Nasdaq


U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon …

Source: Reuters

Analysis: Market for U.S. oil acreage booms along with crude price recovery

Reuters


A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.

Sales of land parcels worth $6.9 billion …

Source: Reuters

Analysis: Venezuela adjusts as sanctions spur Western oil partners to retreat

Reuters


Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, according to interviews with a half dozen industry sources, as a key …

Chevron and Noble Midstream Partners LP complete merger transaction

Chevron and Noble Midstream Partners LP complete merger transaction

Chevron Corporation (NYSE: CVX) (“ Chevron ”) and Noble Midstream Par…

Source: Reuters

Chevron pitches $100 million in New Mexico properties as oil M&A heats up

Reuters


HOUSTON – Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a rebounding oil market.

Sales in …

Chevron announces first quarter 2021 results

Chevron announces first quarter 2021 results

Earnings of $1.4 billion; adjusted earnings of $1.7 billion Capital spending…

Chevron, Toyota Pursue Strategic Alliance on Hydrogen

Chevron, Toyota Pursue Strategic Alliance on Hydrogen

Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Toyot…

Talos Energy announces successful exploration results at Puma West

Talos Energy announces successful exploration results at Puma West

Oil and Gas 360


HOUSTON, April 13, 2021 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE:TALO), along with affiliates of bp plc (“bp”) and Chevron U.S.A. Inc. (“Chevron”) (collectively, the “Co-Owners”) today announced successful drilling results from the …

Source: Reuters

Exxon, Chevron take a slow walk on the path to U.S. shale recovery

Reuters


Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape.

The cautious approach of the two largest U.S. …

Source: Reuters

Chevron reinforces plan to deliver higher returns, lower carbon

Targets more than doubling return on capital employed by 2025 Expects free …

Source: Reuters

Chevron announces agreement to acquire Noble Midstream Partners

Simplifies governance and corporate structure Enables further integration i…

Source: Reuters

Schlumberger New Energy, Chevron, and Microsoft collaborate on carbon negative Bioenergy

Clean Energy Systems technology to remove the equivalent of CO 2 emissions from…

Source: Reuters

Global oil demand recovery, gas growth ahead, say Aramco, Chevron CEOs

Reuters


Global oil demand is recovering and could return to around pre-pandemic levels next year, the chief executives of Saudi Aramco and Chevron Corp told an oil and gas conference on Tuesday.

The coronavirus pandemic last year wiped out a …

March 2, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Chevron launches $300 million fund to focus on low-carbon technology

Reuters


Chevron Corp on Thursday said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change.

Major energy firms have set …

Source: Reuters

U.S. shale could face weeks of depressed oil production due to cold

Reuters


HOUSTON – The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to industry experts, as companies deal with frozen equipment and a lack of power to run operations.

Texas …

Source: Reuters

Chevron and BP back renewable start-up focused on geothermal energy

CNBC


Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy.

Geothermal power is renewable energy produced from …

Chevron Announces Offer to Acquire Noble Midstream Partners LP

Chevron Announces Offer to Acquire Noble Midstream Partners LP

Chevron Corporation (NYSE: CVX) announced today that it has submitted a non-binding pro…

February 5, 2021 - 12:00 pm Mergers, Acquisitions & Divestitures, Press Releases
Source: Reuters

Chevron announces fourth quarter 2020 results

Oil and Gas 360


 

  • Fourth quarter loss of $665 million; adjusted loss of $11 million
  • Annual capital spending down 35 percent
  • Increased 2020 dividend per share for 33rd consecutive year

Chevron Corporation (NYSE: CVX) today reported a loss of …

Source: Reuters

Chevron invests in carbon capture and utilization startup

Oil and Gas 360


Chevron Corporation (NYSE: CVX) today announced a Series C investment in San Jose-based Blue Planet Systems Corporation (“Blue Planet”), a startup that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon …

January 14, 2021 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Technology
Source: Reuters

Chevron tightens belt again with billions in spending cuts

Reuters


U.S. oil major Chevron Corp on Thursday cut billions off its long-term capital and exploratory budget even after a major restructuring of its operations as it tries to ride out a collapse in oil prices and preserve its dividend.…

December 3, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil majors wipe $80 billion off books as epidemic, energy transition bite

Reuters


LONDON  – The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake …

Source: Reuters

Chevron, Exxon shrink spending as coronavirus cuts demand

Reuters


U.S. oil majors Chevron Corp CVX.N and Exxon Mobil Corp XOM.N cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim …

October 30, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Chevron bets on Middle East gas riches and reconciliation

Reuters


HOUSTON/LONDON – 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 tread warily.

CEO Michael Wirth’s pivot away …