Post Tagged with: "chevron"

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 …

Source: Reuters

Chevron, Brightmark form JV for dairy biomethane fuel project

Reuters


Oil major Chevron Corp’s CVX.N U.S. unit and waste management firm Brightmark LLC said on Wednesday they have formed a joint venture to market dairy biomethane, a renewable natural gas made of methane emissions from cattle burps.

Ruminant livestock …

October 7, 2020 - 10:30 am Closing Bell Story‎, Energy News, Renewable Energy
Source: Reuters

U.S. oil deals sluggish despite Chevron, Devon boost: Enverus

Reuters


The pace of mergers and acquisitions in the U.S. oil and gas sector during the third quarter tied with the first quarter for the worst in a decade, according to data released on Monday, as most shale producers remain …

Source: Reuters

Noble Energy shareholders approve $4.2 billion sale to Chevron

Reuters


HOUSTON – Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp CVX.N, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves …

Source: Reuters

Chevron resumes arbitration in Thai gas dispute

Reuters


BANGKOK – U.S. energy major Chevron Corp has resumed arbitration proceedings with Thailand to try to resolve a dispute over who should pay for removing offshore assets in the country’s Erawan gas field, the company told Reuters on Friday.…

October 2, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Noble Energy shareholders likely to approve $4.2 billion Chevron deal

Reuters


HOUSTON  – Noble Energy Inc NBL.O shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand.

The purchase would …