Post Tagged with: "chevron"

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 …

Source: Reuters

The market’s worst-performing sector is due for some upside, two traders say. Here’s how they’d play it

CNBC


There could be upside in store for the market’s worst-performing sector.

S&P 500 energy stocks have underperformed the index’s 10 other sectors over a range of time frames including in Tuesday’s trading session, this week, this month, this year

Source: Reuters

Proxy advisor ISS recommends Chevron deal to Noble Energy shareholders

Reuters


NEW YORK – Institutional Shareholder Services (ISS) has recommended that shareholders of Noble Energy Inc vote in favor of the energy producer’s proposed acquisition by Chevron Corp, the proxy advisory firm said in a statement on Friday.

Chevron is …

Source: Reuters

Elliott seeking to break up Noble Energy’s sale to Chevron: Bloomberg reporter

Reuters


Activist investor Elliott Management is seeking to break up Noble Energy Inc’s $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted here on Wednesday.

A notice posted on the U.S. Federal Trade Commission website on Tuesday

Source: CNBC

Exxon Mobil replaced by a software stock after 92 years in the Dow is a ‘sign of the times’

CNBC


Exxon Mobil’s been in the Dow in some form since 1928, but its tenure as the longest-serving component is coming to an end.

On Monday, S&P Dow Jones Indices announced the largest changes to the 30-stock benchmark in seven

Source: Reuters

Chevron can lift Israel’s Leviathan gas field on to global stage, partner says

Reuters


JERUSALEM – Chevron’s entry into Israel’s Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier, said the CEO of Delek Drilling, the energy giant’s new regional partner.

Chevron …

Source: Forbes

The last oil drilling rig leaves Venezuela

Forbes


Publisher’s Note: Bernadette Johnson from Enverus will be presenting at The Oil & Gas Conference this coming August 17-19, 2020. Register to attend.

The last oil rig has officially left the premises. In Venezuela, that is. There, Nabors said …

Source: Reuters

Chevron posts $8.3 billion second-quarter loss on write downs, job cuts

Reuters


HOUSTON  – Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting fuel prices, a forced exit from Venezuela and expenses tied to thousands of jobs cuts.

Multibillion-dollar …

Source: Reuters

Chevron says expects to restart Train 2 of Gorgon LNG plant in early September

Reuters


SINGAPORE – Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday.

Gorgon is carrying out the repair work after …

Source: Reuters

Chevron diversity ratio to improve as layoffs progress

Reuters


Oil major Chevron Corp (CVX.N) expects to reduce the dominance of white males in company management during cost-cutting this year, upping the share of senior level jobs held by women and ethnic minorities to 44% from 38% …

Source: Reuters

Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark

Reuters


Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts.…

Source: Reuters

Sasol to sell Escravos gas-to-liquids plant to Chevron

Reuters


South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum.

The world’s top manufacturer of motor fuel from coal said it …

Source: CNBC

Oil and gas production ETF paces for best quarter on record, but traders say it’s still a ‘show-me story’

CNBC


Oil and gas stocks are defying the odds.

The SPDR S&P Oil and Gas Exploration and Production ETF (XOP) is having its best quarter on record, up over 102% since April 1 despite concerns about oversupply. That’s more

Chevron oil cargo tangled in U.S. sanctions on Venezuela

Chevron oil cargo tangled in U.S. sanctions on Venezuela

Reuters


HOUSTON – A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on Friday.

Adamant Maritime Ltd, the owner of very large crude-oil …

Source: Reuters

Coronavirus widens climate rift between European and U.S. oil majors

Reuters


LONDON – Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel …

Source: CNBC

Oil drops 2%, snapping five-day winning streak in volatile trading session

CNBC


Oil prices dropped on Wednesday, snapping a five-session winning streak, as oversupply concerns outweighed optimism over economies reopening.

West Texas Intermediate, the U.S. benchmark, shed 2.3%, or 57 cents, to settle at $23.99 per barrel. In a volatile …

Exxon reports a historic loss while Chevron deepens capex cuts

Exxon reports a historic loss while Chevron deepens capex cuts

World Oil


HOUSTON (Bloomberg) –Exxon Mobil posted its first loss in at least 32 years while Chevron Corp. deepened spending cuts amid the economic and industrial devastation wrought by the Covid-19 contagion. The worst may be yet to come.

Exxon …