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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

125.29USD
20 Jun 2018
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$-0.25 (-0.20%)
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Latest Key Developments (Source: Significant Developments)

Woodside Petroleum Says Wheatstone Project Commences Train 2 LNG Production
Friday, 15 Jun 2018 

June 15 (Reuters) - Woodside Petroleum Ltd ::WHEATSTONE COMMENCES TRAIN 2 LNG PRODUCTION.WHEATSTONE PROJECT COMMENCED LIQUEFIED NATURAL GAS PRODUCTION FROM TRAIN 2 AT ITS ONSHORE FACILITY NEAR ONSLOW.IS PROGRESSING CONCEPT DEFINITION FOR PHASE 2 OF JULIMAR-BRUNELLO PROJECT.NEXT MILESTONE FOR WHEATSTONE TO BE SUCCESSFUL COMMISSIONING OF DOMESTIC GAS PLANT, TARGETED IN SECOND HALF OF 2018.  Full Article

Canadian Appeal Court Affirms Dismissal Of Suit Against Chevron Subsidiary
Thursday, 24 May 2018 

May 23 (Reuters) - Chevron Corp ::CANADIAN APPEAL COURT AFFIRMS DISMISSAL OF SUIT AGAINST CHEVRON SUBSIDIARY.CHEVRON CORP- ONTARIO COURT OF APPEAL UPHELD LOWER COURT'S DETERMINATION THAT ECUADORIAN JUDGMENT AGAINST CO CANNOT BE ENFORCED AGAINST CHEVRON CANADA LTD.  Full Article

Chevron Says Board Recommended Stockholders To Vote Against Proposal Regarding Report On Methane Emissions
Monday, 14 May 2018 

May 14 (Reuters) - Chevron Corp ::CHEVRON SAYS BOARD OF DIRECTORS RECOMMENDED STOCKHOLDERS TO VOTE AGAINST STOCKHOLDER PROPOSAL REGARDING REPORT ON METHANE EMISSIONS - SEC FILING.  Full Article

Statoil sells 17 pct stake in UK's Alba field to Verus
Monday, 30 Apr 2018 

April 30 (Reuters) - Statoil ASA ::STATOIL: SELLS NON-CORE ASSET ON UK CONTINENTAL SHELF.STATOIL HAS AGREED TO SELL ITS 17% NON-OPERATED INTEREST IN ALBA OIL FIELD ON UK CONTINENTAL SHELF (UKCS) TO VERUS PETROLEUM.ALBA IS AN OIL FIELD IN UK CENTRAL NORTH SEA THAT STATOIL ENTERED IN 1995 AND WHICH IS OPERATED BY CHEVRON.TO DATE, IT HAS PRODUCED AROUND 420 MILLION BARRELS OF OIL. STATOIL'S EQUITY PRODUCTION IN 2017 WAS AROUND 2,300 BARRELS PER DAY.WITH THIS TRANSACTION WE FOCUS ON CORE ACTIVITIES IN LINE WITH OUR HIGH VALUE, LOW CARBON STRATEGY.COMMITTED TO A BROAD ENERGY PORTFOLIO IN UK, WITH OFFSHORE OIL & GAS AND OFFSHORE WIND PROJECTS, AN ACTIVE EXPLORATION PROGRAMME ON UKCS, AND SECURE SUPPLIES OF NATURAL GAS.AS PART OF AGREEMENT, STATOIL WILL RETAIN ITS SHARE OF DECOMMISSIONING LIABILITIES FOR EXISTING FIELD INFRASTRUCTURE WHILE VERUS PETROLEUM WILL ASSUME DECOMMISSIONING LIABILITIES FOR ANY NEW INFRASTRUCTURE.EFFECTIVE DATE OF TRANSACTION IS 1 JANUARY 2018. CLOSING IS SUBJECT TO PARTNER AND REGULATORY APPROVAL.  Full Article

Chevron Sees Oil Demand Growing For Foreseeable Future
Friday, 27 Apr 2018 

April 27 (Reuters) - Chevron Corp ::FIRST-QUARTER EARNINGS CONFERENCE CALL BEGINS; CHIEF EXECUTIVE MIKE WIRTH NOT ON CALL.CHIEF FINANCIAL OFFICER PAT YARRINGTON EXPECTS WHEATSTONE TRAIN 2 TO BE PRODUCING LATER IN SECOND QUARTER.CFO SAYS SWAPPED 25,000 ACRES IN PERMIAN SHALE DURING FIRST QUARTER.SAYS BELIEVES OIL DEMAND WILL CONTINUE TO GROW 'FOR THE FORESEEABLE FUTURE'.SAYS SEEING SOME OILFIELD SERVICE COST INFLATION IN PERMIAN BASIN AND OTHER U.S. SHALE FIELDS.CFO: 'WE'RE NOT AFTER VOLUME GROWTH FOR VOLUME GROWTH'S SAKE. WE'RE AFTER VALUE'.CFO SAYS 'FEELS GOOD' ABOUT PLANS FOR 20 DRILLING RIGS IN PERMIAN BASIN.CFO SAYS 90 PERCENT OF PRODUCTION AT GORGON AND WHEATSTONE LNG PROJECTS UNDER LONG-TERM CONTRACTS.  Full Article

Chevron Reports First Quarter Net Income Of $3.6 Billion
Friday, 27 Apr 2018 

April 27 (Reuters) - Chevron Corp ::CHEVRON REPORTS FIRST QUARTER NET INCOME OF $3.6 BILLION.QTRLY EARNINGS PER SHARE $1.90.FOREIGN CURRENCY EFFECTS INCREASED EARNINGS IN THE 2018 FIRST QUARTER BY $129 MILLION.INTERNATIONAL DOWNSTREAM OPERATIONS EARNED $286 MILLION IN FIRST QUARTER 2018, COMPARED WITH $457 MILLION A YEAR EARLIER.QTRLY TOTAL REVENUES AND OTHER INCOME $37,764 MILLION VERSUS $33,421 MILLION.INTERNATIONAL UPSTREAM OPERATIONS EARNED $2.70 BILLION IN FIRST QUARTER 2018, COMPARED WITH $1.44 BILLION A YEAR AGO.Q1 EARNINGS PER SHARE VIEW $1.48, REVENUE VIEW $41.83 BILLION -- THOMSON REUTERS I/B/E/S.UPSTREAM VOLUMES ARE EXPECTED TO CONTINUE TO INCREASE IN FUTURE QUARTERS.CHEVRON - INTERNATIONAL NET OIL-EQUIVALENT PRODUCTION OF 2.12 MILLION BARRELS PER DAY IN Q1 2018 WAS UP 115,000 BARRELS PER DAY FROM A YEAR EARLIER.QTRLY WORLDWIDE NET OIL-EQUIVALENT PRODUCTION WAS 2.85 MILLION BARRELS PER DAY, COMPARED WITH 2.68 MILLION BARRELS PER DAY."WE CONTINUE OUR ASSET SALE PROGRAM".U.S. UPSTREAM OPERATIONS EARNED $648 MILLION IN FIRST QUARTER 2018, COMPARED WITH $80 MILLION.EXPECTS TO COMPLETE SALE OF SOUTHERN AFRICA REFINING, MARKETING AND LUBRICANT ASSETS LATER IN THE YEAR.INTERNATIONAL REFINERY CRUDE OIL INPUT OF 712,000 BARRELS PER DAY IN FIRST QUARTER 2018 DECREASED 41,000 BARRELS PER DAY.QTRLY U.S. NET OIL-EQUIVALENT PRODUCTION OF 733,000 BARRELS PER DAY IN FIRST QUARTER 2018 WAS UP 61,000 BARRELS PER DAY.  Full Article

Chevron Reports A 6.2 Pct Passive Stake In California Resources
Monday, 16 Apr 2018 

April 16 (Reuters) - California Resources Corp ::CHEVRON CORP REPORTS A 6.2 PCT PASSIVE STAKE IN CALIFORNIA RESOURCES CORP <<>> AS OF APRIL 9 - SEC FILING.  Full Article

Sempra Energy's Ienova Unit To Develop Marine Liquid Fuels Terminal In Baja California, Mexico
Thursday, 12 Apr 2018 

April 12 (Reuters) - Sempra Energy ::SEMPRA ENERGY'S IENOVA UNIT TO DEVELOP MARINE LIQUID FUELS TERMINAL IN BAJA CALIFORNIA, MEXICO.UNIT INFRAESTRUCTURA ENERGÉTICA TO DEVELOP LIQUID FUELS MARINE TERMINAL AT LA JOVITA ENERGY HUB IN ENSENADA, MEXICO.SEMPRA ENERGY SAYS MARINE TERMINAL IS EXPECTED TO COMMENCE OPERATIONS IN SECOND HALF OF 2020.EXPECTED TO INVEST ABOUT $130 MILLION, BAJA REFINADOS TERMINAL WILL HAVE AN INITIAL STORAGE CAPACITY OF 1 MILLION BARRELS OF GASOLINE AND DIESEL.SEMPRA ENERGY - UNIT SIGNED A LONG-TERM CONTRACT WITH CHEVRON COMBUSTIBLES DE MÉXICO S. FOR ABOUT 50 PCT OF FACILITY'S STORAGE AND SEND-OUT CAPACITY.SEMPRA ENERGY SAYS CHEVRON WILL HAVE OPTION TO ACQUIRE 20 PERCENT EQUITY OWNERSHIP OF FACILITY AFTER COMMERCIAL OPERATIONS BEGIN.UNIT'S CONTRACT WITH CHEVRON COMBUSTIBLES TO SUPPLY CHEVRON SERVICE STATIONS, OTHER COMMERCIAL, INDUSTRIAL CONSUMERS IN BAJA CALIFORNIA.  Full Article

CB&I Announces Joint Development Agreement With Saudi Aramco
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Chicago Bridge & Iron Company Nv ::CB&I ANNOUNCES JOINT DEVELOPMENT AGREEMENT WITH SAUDI ARAMCO.CB&I - ‍HAS ENTERED INTO JOINT DEVELOPMENT AGREEMENT WITH SAUDI ARAMCO THAT INCLUDES CHEVRON LUMMUS GLOBAL ​.CB&I - ‍SAUDI ARAMCO, CO, CLG TO DEVELOP UNIQUE INTEGRATION OF ADVANCED TECHNOLOGY PROCESSES FOR PRODUCTION OF HIGH-VALUE PETROCHEMICALS FROM CRUDE OIL​.CB&I - JOINT DEVELOPMENT AGREEMENT WITH SAUDI ARAMCO FOR DEVELOPMENT, COMMERCIALIZATION AND MARKETING OF CRUDE-TO-CHEMICAL TECHNOLOGIES.  Full Article

Gtt Signs New Global Services Agreement With Chevron Transport Corporation Ltd
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - GTT ::SIGNS NEW GLOBAL SERVICES AGREEMENT WITH CHEVRON TRANSPORT CORPORATION LTD..SIGNED A 5-YEAR MASTER SERVICE AGREEMENT WITH CHEVRON TRANSPORT CORPORATION LTD..WILL SUPPORT CHEVRON'S MAINTENANCE AND OPERATION OF 10 LNGCS EQUIPPED WITH GTT'S MARK III AND NO96 TECHNOLOGIES.  Full Article

UPDATE 2-PDVSA's exports sink in June amid seizures, shipping backlog -data

HOUSTON, June 20 Venezuelan PDVSA's oil exports fell 32 percent in the first half of June compared with May, according to internal trade reports from the state-run company, as deepening output declines and seizures of some Caribbean assets disrupted crude and fuel shipments.