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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

119.35USD
15 Feb 2019
Change (% chg)

$1.19 (+1.01%)
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Latest Key Developments (Source: Significant Developments)

Chevron Signs New Gas Agreement With GS Caltex
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Chevron U.S.A.: :CHEVRON SIGNS NEW GAS AGREEMENT WITH GS CALTEX.CHEVRON U.S.A. - SALES, PURCHASE AGREEMENT WITH GS CALTEX FOR DELIVERY OF LIQUEFIED NATURAL GAS TO SOUTH KOREA FROM CHEVRON'S GLOBAL SUPPLY PORTFOLIO.CHEVRON U.S.A - GS CALTEX HAS SIGNED A LONG-TERM AGREEMENT AND WILL BEGIN RECEIVING LNG IN OCTOBER 2019.  Full Article

Brazil's Petrorio Says Will Pay $184 Million For Chevron's 70 Pct Stake In Frade, Plus $225 Million Over 24 Months- Filing
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Petro Rio SA ::BRAZIL'S PETRORIO SAYS THERE ARE NO "ONGOING NEGOTIATIONS OR BINDING AGREEMENTS" TO BUY PETROBRAS' 30 PERCENT STAKE IN FRADE OIL FIELD- FILING.BRAZIL'S PETRORIO SAYS WILL PAY $184 MILLION FOR CHEVRON'S 70 PERCENT STAKE IN FRADE OIL FIELD, PLUS $225 MILLION OVER THE NEXT 24 MONTHS- FILING.BRAZIL'S PETRORIO TO BECOME OPERATOR OF FRADE OIL FIELD- FILING.  Full Article

Chevron Corp - Board Of Directors Authorized A New Stock Repurchase Program With A Maximum Dollar Limit Of $25 Billion And No Set Term Limits
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Chevron Corp ::CHEVRON CORP - ON JANUARY 30 BOARD OF DIRECTORS AUTHORIZED A NEW STOCK REPURCHASE PROGRAM WITH A MAXIMUM DOLLAR LIMIT OF $25 BILLION AND NO SET TERM LIMITS.  Full Article

Chevron Reports Fourth Quarter Results
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Chevron Corp ::REPORTS FOURTH QUARTER NET INCOME OF $3.7 BILLION, ANNUAL EARNINGS OF $14.8 BILLION.Q4 EARNINGS PER SHARE $1.95.Q4 SALES $40 BILLION VERSUS REFINITIV IBES ESTIMATE OF $46.13 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.87 -- REFINITIV IBES DATA.CORP - U.S. UPSTREAM OPERATIONS EARNED $964 MILLION IN Q4 2018, COMPARED WITH $3.69 BILLION A YEAR EARLIER.CORP - WORLDWIDE NET OIL-EQUIVALENT PRODUCTION WAS 3.08 MILLION BARRELS PER DAY IN Q4 2018, COMPARED WITH 2.74 MILLION BARRELS PER DAY.CORP - U.S. NET OIL-EQUIVALENT PRODUCTION OF 858,000 BARRELS PER DAY IN Q4 2018 WAS UP 187,000 BARRELS PER DAY FROM A YEAR EARLIER.CORP - U.S. DOWNSTREAM OPERATIONS EARNED $256 MILLION IN Q4 2018, COMPARED WITH EARNINGS OF $1.20 BILLION A YEAR EARLIER.CORP - EXPECT THAT 2019 PRODUCTION WILL CONTINUE TO GROW BY 4 TO 7 PERCENT, EXCLUDING IMPACT OF ASSET SALES.CORP - U.S. REFINERY CRUDE OIL INPUT IN Q4 2018 INCREASED 10 PERCENT TO 918,000 BARRELS PER DAY FROM YEAR-AGO PERIOD.CORP - INCLUDED IN CURRENT QUARTER WAS AN ASSET WRITE-OFF TOTALING $270 MILLION.CORP - FOREIGN CURRENCY EFFECTS INCREASED EARNINGS IN 2018 Q4 BY $268 MILLION.CORP - INTERNATIONAL DOWNSTREAM OPERATIONS EARNED $603 MILLION IN Q4 2018, COMPARED WITH $84 MILLION A YEAR EARLIER.CORP - NET CHARGES IN Q4 2018 WERE $419 MILLION, COMPARED WITH $3.46 BILLION IN YEAR-AGO PERIOD.CORP - INTERNATIONAL REFINERY CRUDE OIL INPUT OF 665,000 BARRELS PER DAY IN Q4 2018 DECREASED 96,000 BARRELS PER DAY FROM YEAR-AGO PERIOD.  Full Article

Chevron Corp Declares A Quarterly Dividend Of $1.19 Per Share, Payable March 11, 2019
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND.CHEVRON CORP - DECLARED A QUARTERLY DIVIDEND OF ONE DOLLAR AND NINETEEN CENTS ($1.19) PER SHARE, PAYABLE MARCH 11, 2019.  Full Article

Energy group Total forms part of global alliance to tackle plastic waste
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Total ::* Total becomes founding member of the new global alliance for plastic waste end .* The cross value chain Alliance to End Plastic Waste, currently made up of nearly thirty member companies located throughout the world, has committed over $1.0 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment..* The following companies are the founding members of the Alliance: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM, ExxonMobil, Formosa Plastics Corporation, U.S.A., Henkel, LyondellBasell, Mitsubishi Chemical Holdings, Mitsui Chemicals, NOVA Chemicals, OxyChem, PolyOne, Procter & Gamble, Reliance Industries, SABIC, Sasol, SUEZ, Shell, SCG Chemicals, Sumitomo Chemical, Total, Veolia, and Versalis (Eni). .  Full Article

Maersk Says Maersk Supply Service Awarded Long-Term Contract In Australia
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - MAERSK ::SAYS MAERSK SUPPLY SERVICE AWARDED LONG-TERM CONTRACT IN AUSTRALIA.SAYS THE CONTRACT WILL SEE TWO OF ITS NEWBUILD ANCHOR HANDLING TUG SUPPLY VESSELS SUPPORT THE CHEVRON-OPERATED GORGON STAGE TWO DRILLING PROGRAMME.MAERSK MARINER AND MAERSK MASTER WILL PROVIDE TOWING, ANCHOR HANDLING, SUPPLY, AND WROV SERVICES FOR THE PROGRAMME IN THE NORTHWEST SHELF OF WESTERN AUSTRALIA STARTING IN Q2 2019.  Full Article

Transocean Ltd. Announces 5-Year $830 Million USD Drilling Contract For Newbuild Ultra-Deepwater Drillship
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Transocean Ltd ::TRANSOCEAN LTD. ANNOUNCES 5-YEAR $830 MILLION USD DRILLING CONTRACT FOR NEWBUILD ULTRA-DEEPWATER DRILLSHIP.TRANSOCEAN LTD - RIG IS EXPECTED TO COMMENCE OPERATIONS IN GULF OF MEXICO IN SECOND HALF OF 2021.TRANSOCEAN - IN EVENT OF TERMINATION FOR CONVENIENCE BY CUSTOMER, TRANSOCEAN WILL BE COMPENSATED FOR INCREMENTAL 20,000 PSI SUBSEA INVESTMENT IN RIG.TRANSOCEAN LTD - ADDITIONALLY, A TERMINATION FOR CONVENIENCE OCCURRING AFTER APRIL 2020, WOULD RESULT IN A "SUBSTANTIAL" TERMINATION FEE.  Full Article

Premier Oil Eyes Bid for Chevron's U.K. North Sea Assets- Bloomberg
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - :PREMIER OIL CONSIDERING BID FOR PACKAGE OF NORTH SEA OIL AND GAS ASSETS PUT ON THE BLOCK BY CHEVRON, THAT'S WORTH ABOUT $2 BILLION - BLOOMBERG.  Full Article

Chevron announces $20 billion capital and exploratory budget for 2019
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES $20 BILLION CAPITAL AND EXPLORATORY BUDGET FOR 2019.CHEVRON CORP SEES 2019 TOTAL DOWNSTREAM CAPITAL AND EXPLORATORY EXPENDITURES OF $2.5 BILLION.CHEVRON CORP SEES 2019 TOTAL UPSTREAM CAPITAL AND EXPLORATORY EXPENDITURES OF $17.3 BILLION.CHEVRON CORP - SEES 2019 CASH EXPENDITURES BY CHEVRON CONSOLIDATED COMPANIES OF $13.7 BILLION.CHEVRON CORP - IN UPSTREAM BUSINESS, APPROXIMATELY $10.4 BILLION IS FORECASTED TO SUSTAIN AND GROW CURRENTLY PRODUCING ASSETS FOR 2019.CHEVRON CORP - UPSTREAM BUSINESS FORECAST INCLUDES $3.6 BILLION FOR PERMIAN AND $1.6 BILLION FOR OTHER SHALE AND TIGHT INVESTMENTS FOR 2019.CHEVRON CORP - FOR 2019, UPSTREAM PROGRAM PLANNED FOR MAJOR CAPITAL PROJECTS INCLUDE $4.3 BILLION FOR FUTURE GROWTH PROJECT AT TENGIZ FIELD IN KAZAKHSTAN.  Full Article

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Asian prices drop to 17-month low on tepid demand

SINGAPORE Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, hitting a 17-month low as the market moved further away from the peak winter-demand period and inventories remained high in the region.