On April 6, 2023, DBRS Limited (DBRS Morningstar) confirmed Chevron Corporation's (Chevron or the Company) Issuer Rating at AA with a Stable trend. The rating is underpinned by the Company's substantial size, integrated and geographically diversified operations and large portfolio of projects to replace and grow production. The rating also takes into account Chevron's planned cash returns to shareholders and exposure to operations in more politically sensitive geographic regions. The Stable tren...
This commentary outlines the significant volatility in Crude Oil markets in relation to the spread of the coronavirus. The spread of the illness through China has raised the specter of a sizable decline in the country’s oil consumption, which could upend the global oil supply/demand balance and negatively affect oil prices. Moreover, North American natural gas prices have also been unsteady. In light of the this volatility, DBRS Morningstar reviewed and updated the crude oil and natural gas pr...
On December 27, 2019, DBRS Limited (DBRS Morningstar) upgraded the Issuer Rating of Chevron Corporation (Chevron or the Company) by one notch to AA from AA (low) with a Stable trend. At the same time, DBRS Morningstar discontinued the rating for Chevron’s Senior Unsecured Notes and Debentures; the decision to withdraw the rating of the Senior Unsecured Notes and Debentures was made at DBRS Morningstar’s discretion and is unrelated to the credit profile of Chevron.
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