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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

120.81USD
14 Jun 2019
Change (% chg)

$-0.10 (-0.08%)
Prev Close
$120.91
Open
$121.00
Day's High
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$120.39
Volume
1,164,534
Avg. Vol
1,880,305
52-wk High
$128.55
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$100.22

Latest Key Developments (Source: Significant Developments)

Chevron Corp Says David Inchausti Named Corporate Vice President And Comptroller
Monday, 3 Jun 2019 

June 3 (Reuters) - Chevron Corp ::DAVID INCHAUSTI NAMED CORPORATE VICE PRESIDENT AND COMPTROLLER.CHEVRON CORP - INCHAUSTI SUCCEEDS JEANETTE OURADA, WHO HAS ELECTED TO LEAVE COMPANY.CHEVRON CORP - NAMED DAVID INCHAUSTI AS CORPORATE VICE PRESIDENT AND COMPTROLLER EFFECTIVE JUNE 16, 2019.  Full Article

Ithaca CEO: Company Large Enough After Chevron Deal To List On Stock Exchange
Thursday, 30 May 2019 

May 30 (Reuters) - Delek Group Ltd ::ITHACA ENERGY CEO SAYS EXPECTS TO CLOSE DEAL TO BUY CHEVRON NORTH SEA OIL, GAS FIELDS IN SEPTEMBER.ITHACA ENERGY CEO SAYS EXPECTS IPO IN LONDON AFTER CHEVRON DEAL CLOSES, DELEK GROUP TO KEEP MAJORITY STAKE.ITHACA CEO SAYS SIZE OF COMPANY LARGE ENOUGH AFTER CHEVRON DEAL TO LIST ON STOCK EXCHANGE.  Full Article

Ithaca Energy To Acquire Chevron North Sea For $2 Bln
Thursday, 30 May 2019 

May 30 (Reuters) - ITHACA ENERGY::TO ACQUIRE CHEVRON NORTH SEA LIMITED FOR $2 BILLION.ITHACA'S ASSET BASE IS ESTIMATED TO CONSIST OF 2P RESERVES OF ABOUT 225 MMBOE.PORTFOLIO IS FORECAST TO DELIVER PRO-FORMA 2019 PRODUCTION OF ABOUT 80,000 BARRELS OF OIL EQUIVALENT PER DAY.ABOUT 500 EMPLOYEES WILL TRANSFER TO CO, OF WHICH AROUND 200 WORK OFFSHORE ON OPERATED ASSETS.DEAL WILL BE FUNDED THROUGH AN UPSIZED $1.65 BILLION RESERVE BASED LENDING SENIOR DEBT FACILITY.DEAL WILL ALSO BE FUNDED THROUGH $700 MILLION DEAL DEBT FINANCING FACILITY, AN EQUITY INVESTMENT BY DELEK & EXISTING CASH RESOURCES.ITHACA'S EXISTING $300 MILLION TERM LOAN AND ASSOCIATED DELEK GUARANTEES WILL BE RETIRED AS PART OF REFINANCING.  Full Article

Chevron Says First Financial Priority Continues To Be Maintaining, Growing Dividend
Wednesday, 29 May 2019 

May 29 (Reuters) - Chevron Corp ::CHEVRON REPORTS BUSINESS RESULTS AT ANNUAL STOCKHOLDERS MEETING.CHEVRON CORP - EXPECTS TO INCREASE OIL AND NATURAL GAS PRODUCTION BY 4 TO 7 PERCENT IN 2019.CHEVRON CORP - ALSO PLANS TO INCREASE ITS SHARE REPURCHASE RATE BY 25 PERCENT TO $5 BILLION PER YEAR..CHEVRON CORP - PRIORITY CONTINUES TO BE MAINTAINING AND GROWING ITS DIVIDEND.CHEVRON CORP - AN AVERAGE OF 97 PERCENT OF THE VOTES CAST WERE VOTED FOR EACH OF THE 11 NOMINEES FOR ELECTION TO THE BOARD OF DIRECTORS..CHEVRON CORP - ABOUT 68 PERCENT OF THE VOTES CAST WERE VOTED AGAINST THE STOCKHOLDER PROPOSAL TO REPORT ON HUMAN RIGHT TO WATER..CHEVRON CORP - ABOUT 67 PERCENT OF THE VOTES CAST WERE VOTED AGAINST THE STOCKHOLDER PROPOSAL TO REPORT ON REDUCING CARBON FOOTPRINT..CHEVRON - APPROXIMATELY 92% OF VOTES CAST WERE VOTED AGAINST STOCKHOLDER PROPOSAL TO CREATE BOARD COMMITTEE ON CLIMATE CHANGE.CHEVRON CORP - ABOUT 74% OF VOTES CAST WERE VOTED AGAINST STOCKHOLDER PROPOSAL TO ADOPT POLICY FOR AN INDEPENDENT CHAIRMAN.  Full Article

Kosmos Energy Q1 Adjusted Loss Per Share $0.06
Monday, 6 May 2019 

May 6 (Reuters) - Kosmos Energy Ltd ::KOSMOS ENERGY ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 OF 2019, COMPANY GENERATED A NET LOSS OF $53 MILLION, OR $0.13 PER DILUTED SHARE.Q1 2019 REVENUES WERE $297 MILLION ON SALES OF 5.1 MILLION BARRELS OF OIL EQUIVALENT.CAPITAL EXPENDITURES IN THE FIRST QUARTER WERE $110 MILLION.TOTAL NET PRODUCTION VOLUMES DURING Q1 OF 2019 AVERAGED APPROXIMATELY 59,500 BARRELS OF OIL EQUIVALENT (BOEPD) PER DAY.Q1 ADJUSTED LOSS PER SHARE $0.06.KOSMOS EXITED Q1 OF 2019 WITH APPROXIMATELY $0.5 BILLION OF LIQUIDITY AND $2.1 BILLION OF NET DEBT.REMAIN ON TRACK TO HIT PRODUCTION GROWTH GUIDANCE FOR YEAR.IN WIDER MAURITANIA/SENEGAL BASIN, COMMENCED FORMAL PROCESS TO SELL DOWN INTEREST TO AROUND 10% WITH BIDS EXPECTED BY END OF SUMMER.Q1 EARNINGS PER SHARE VIEW $-0.07 -- REFINITIV IBES DATA.IN Q1 CO EXECUTED FARM-IN AGREEMENT WITH CHEVRON COVERING RIGHT TO EARN INTEREST IN STRATEGIC BLOCK IN DEEPWATER U.S. GULF OF MEXICO.WILL BE DESIGNATED OPERATOR, PLANS TO COMMENCE DRILLING OPERATIONS ON FIRST WELL IN 2019 IN BLOCK IN DEEPWATER U.S. GULF OF MEXICO.AS OF EARLY MAY, ALL MAJOR CONTRACTS AWARDED FOR TORTUE PHASE 1, AND CONSTRUCTION ACTIVITY FOR PROJECT HAS COMMENCED WITH WORK ON FPSO.SEES FY PRODUCTION 69,000 - 73,000 BOE PER DAY.SEES CAPEX OF $425 MILLION - $475 MILLION IN FY 2019.  Full Article

Buffett was willing to invest $20 bln in Occidental bid for Anadarko- CNBC
Friday, 3 May 2019 

May 3 (Reuters) - :BUFFETT WOULD HAVE INVESTED UPTO $20 BILLION IN OCCIDENTAL - CNBC, CITING SOURCES.BUFFETT GETS $50 MILLION SIGNING FEE FOR OCCIDENTAL INVESTMENT - CNBC, CITING SOURCES.  Full Article

Chevron Announces Quarterly Dividend
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES QUARTERLY DIVIDEND.CHEVRON CORP - DECLARED A QUARTERLY DIVIDEND OF ONE DOLLAR AND NINETEEN CENTS PER SHARE.  Full Article

Occidental CEO Vicki Hollub Says Have Been Working On Anadarko Deal For Two Years - CNBC Interview
Wednesday, 24 Apr 2019 

April 24 (Reuters) - :OCCIDENTAL CEO VICKI HOLLUB SAYS HAVE BEEN WORKING ON ANADARKO DEAL FOR TWO YEARS - CNBC INTERVIEW.OCCIDENTAL CEO VICKI HOLLUB SAYS CONFIDENT WILL GET SHAREHOLDER SUPPORT FOR ANADARKO DEAL.  Full Article

Occidental Petroleum Makes Superior Proposal To Acquire Anadarko
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Occidental Petroleum Corp ::OCCIDENTAL MAKES SUPERIOR PROPOSAL TO ACQUIRE ANADARKO.OCCIDENTAL PETROLEUM CORP - 50-50 CASH AND STOCK TRANSACTION IS VALUED AT $57 BILLION.OCCIDENTAL PETROLEUM CORP - OCCIDENTAL'S PROPOSAL REPRESENTS A PREMIUM OF ABOUT 20% TO VALUE OF ANADARKO'S PENDING TRANSACTION AS OF APRIL 23, 2019.OCCIDENTAL PETROLEUM - DELIVERED A LETTER TO BOARD OF ANADARKO SETTING FORTH TERMS OF A SUPERIOR PROPOSAL BY CO TO BUY ANADARKO FOR $76.00 PER SHARE.OCCIDENTAL PETROLEUM CORP - ANADARKO SHAREHOLDERS WOULD RECEIVE $38.00 IN CASH AND 0.6094 SHARES OF OCCIDENTAL STOCK FOR EACH SHARE OF ANADARKO STOCK.OCCIDENTAL PETROLEUM CORP - PROPOSED DEAL EXPECTED TO DELIVER $3.5 BILLION OF FREE CASH FLOW IMPROVEMENT THROUGH $2.0 BILLION OF ANNUAL COST SYNERGIES.OCCIDENTAL PETROLEUM - IN OFFER, ANADARKO SHAREHOLDERS WOULD GET $38.00 IN CASH, 0.6094 SHARES OF OCCIDENTAL STOCK FOR EACH SHARE OF ANADARKO STOCK.OCCIDENTAL PETROLEUM - BOARD UNANIMOUSLY APPROVED CO'S PROPOSAL.OCCIDENTAL PETROLEUM - IS FIRMLY COMMITTED TO MAINTAINING ITS CURRENT DIVIDEND GROWTH STRATEGY.OCCIDENTAL PETROLEUM CORP - EXECUTED FINANCING COMMITMENTS WITH BOFA MERRILL LYNCH AND CITI FOR CASH PORTION OF OUR PROPOSAL.OCCIDENTAL PETROLEUM CORP - OUR MERGER AGREEMENT WILL NOT CONTAIN ANY FINANCING CONDITION.OCCIDENTAL PETROLEUM CORP - WOULD EXPECT TO SEEK APPROVAL OF SHAREHOLDERS OF BOTH COMPANIES AND CLOSE A TRANSACTION IN SECOND HALF OF 2019.  Full Article

Reliance Industries Says Volumes Expected To Improve In Chevron JV
Thursday, 18 Apr 2019 

April 18 (Reuters) - RELIANCE INDUSTRIES LTD ::VOLUMES EXPECTED TO IMPROVE IN CHEVRON JV WITH HOOK-UP OF NEW WELL PAD WHICH IS ANTICIPATED BY END 2QCY19.DIGITAL SERVICES BUSINESS NET ADDITION DURING QUARTER OF 26.6 MILLION.NEW TARIFF ORDER IMPLEMENTATION HAS RESULTED IN VIEWERSHIP BEING IMPACTED FOR ALL BROADCASTERS.ON MEDIA BUSINESS: NEW TARIFF ORDER RESULTED IN VOLATILE VIEWERSHIP DATA, AND ADVERTISERS PULLING BACK SPENDS DURING QUARTER.  Full Article

Trump mulled plan in 2018 to scale back U.S. biofuel waivers -documents

NEW YORK, June 14 President Donald Trump's advisers presented him with a plan last year to curtail the administration's use of small refinery waivers under the nation's biofuel law - a key demand of the powerful U.S. corn lobby, according to documents made public by the Environmental Protection Agency.