reports
Chevron Reports First Quarter 2024 Results
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share - diluted) in first quarter 2023. Foreign currency effects increased earnings by $85 million. Adjusted earnings of $5.4 billion ($2.93 per share - diluted) in first quarter 2024 compared to adjusted earnings of $6.7 billion ($3.55 per share - diluted) in first quarter 2023. See Attachment 4 for a reconciliation of adjusted earnings. Earnings & Cash Flow Summary Unit ...
Tengizchevroil starts WPMP operations at Tengiz oil field in Kazakhsta...
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field in Kazakhstan. TCO achieved this milestone by converting its first metering station at Tengiz to low pressure and activating the associated Pressure Boost Facility (PBF). This marks important progress for TCO’s overall expansion project at Tengiz. The WPMP is designed to maintain the existing processing plants’ full capacity (approx. 28 mill...
- Stephane Foucaud
AUCTUS ON FRIDAY - 12/04/2024
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$1.00 per share: Restarting production at Anshof – The Permanent Production Facility (PPF), with a capacity of 3,000 bbl/d of liquids, has been commissioned and the Anshof-3 well has recommenced production at a rate of 134 bbl/d with no water. The operation has been undertaken in line with expectations and within budget. The oil production rate at Anshof-3 is 16% above the rate prior to shut-in. A...
GPRK GEOPARK
CVX CHEVRON CORPORATION
OMV OMV AG
TXP TOUCHSTONE EXPLORATION
ENI ENI S.P.A.
PXT PAREX RESOURCES INC.
REP REPSOL SA
CASP CASPIAN SUNRISE
CHAR CHARIOT OIL & GAS
VLE VALEURA ENERGY INC.
JSE JADESTONE ENERGY
TAL PETROTAL (TAL)
PNOR PETRONOR E&P LTD
ADX ADX ENERGY LTD
J4V VAR ENERGI ASA
MAHA-A MAHA ENERGY AB
Chevron Invests in Carbon Capture and Removal Technology Company, ION ...
HOUSTON & BOULDER, Colo.--(BUSINESS WIRE)-- Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., announced a lead investment in ION Clean Energy (ION), a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system. ION raised $45 million in Series A financing led by CNE. The capital raised will continue to fund ION’s organizational growth and commercial deployment of its ICE-31 liquid amine carbon capture technology for hard-to-abate emissions. CNE looks to use ION’s ICE-31 technology to serv...
Advisory: Chevron Corporation’s 1Q 2024 Earnings Conference Call and W...
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, April 26, 2024, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information: Date: Friday, April 26, 2024 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 800-401-3551 Conference ID #: 4513820 Speakers: Mike Wirth – Chairman of the Board and Chief Executive Officer Eimear Bonner – Vice President and Chief Financial Officer Jake Spiering – General Manager, Investor Relations To access the live webc...
Chevron Announces Opening of Fab Labs at HBCUs
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and the Fab Foundation today announced the official opening of Fab Labs at Fort Valley State University and Florida A&M University (FAMU). Chevron, in collaboration with the Fab Foundation, has unveiled the establishment of cutting-edge Fab Labs at Fort Valley State University and FAMU. These facilities mark a significant step towards advancing STEM education, research and innovation in the middle Georgia and Tallahassee communities. The Chevron Fab Labs aim to provide students, facul...
Chevron and JX Sign MOU for Collaboration on Development of CCS Value ...
HOUSTON--(BUSINESS WIRE)-- JX Nippon Oil & Gas Exploration Corporation (“JX”; President & CEO: Toshiya Nakahara) and Chevron New Energies (“Chevron”), a division of Chevron U.S.A. Inc., have signed a Memorandum Of Understanding (“MOU”) that provides a framework to evaluate the export of Carbon Dioxide (CO₂) from Japan to Carbon Capture and Storage (CCS) projects located in Australia and other countries in the Asia Pacific region. This press release features multimedia. View the full release here: Pictured left to right, Jeff Gustavson, President, Chevron New Energies; Chris Powers, Vice Presi...
Bunge Chevron Ag Renewables to Build New Oilseed Processing Plant in D...
ST. LOUIS & SAN RAMON, Calif.--(BUSINESS WIRE)-- Bunge (NYSE:BG) and Chevron (NYSE: CVX) today announced approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, LA. The announcement was celebrated with a groundbreaking event at the site. The plant features a flexible design, intended to allow it to process soybeans as well as softseeds, including novel winter oilseed crops, such as winter canola and CoverCress, among others. Expe...
Chevron announces its first solar-to-hydrogen production project in Ca...
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5-megawatt hydrogen production project in California’s Central Valley. The project aims to create lower carbon energy by utilizing solar power, land, and non-potable produced water from Chevron’s existing assets at the Lost Hills Oil Field in Kern County. This low carbon intensity (LCI) electrolytic hydrogen will be produced through electrolysis, which is the process of using electricity to split water into hydrogen and oxygen. Chevron’s strategy is to leverage our str...
Chevron Reports Fourth Quarter 2023 Results
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) reported earnings of $2.3 billion ($1.22 per share - diluted) for fourth quarter 2023, compared with $6.4 billion ($3.33 per share - diluted) in fourth quarter 2022. Included in the current quarter were $1.8 billion of U.S. upstream impairment charges and $1.9 billion of decommissioning obligations from previously sold assets in the U.S. Gulf of Mexico. Foreign currency effects decreased earnings by $479 million. Adjusted earnings of $6.5 billion ($3.45 per share - diluted) in fourth quarter 2023 compared to adjusted earnings...
Mark Ross to Retire as President of Chevron Shipping Company, Succeede...
SAN RAMON, Calif.--(BUSINESS WIRE)-- After 33 years of distinguished service, Mark Ross, President of Chevron Shipping Company, has elected to retire effective May 1, 2024. Barbara Pickering, currently Vice President of Operations, Chevron Shipping Company, will succeed Mark as President. This press release features multimedia. View the full release here: Mark Ross, President, Chevron Shipping Company (Photo: Business Wire) Mark has led Chevron Shipping Company since 2015. Prior to that, he served as Vice President of Operations of the company for four years. He joined Chevron in 1990 and has...
- Jonathan Chaplin
NSR Policy: Contrarian Views on the Impact of Chevron’s and ACP’s Demi...
In this weekend update we focus on the potential impact of two different polices; one a 40-year-old judicial doctrine giving deference to agency interpretations of the law (Chevron), and the other a three-year-old program subsidizing low-income persons to subscribe to broadband (ACP).
Chevron and City of Santa Paula Complete Donation of Historic Union Oi...
SANTA PAULA, Calif.--(BUSINESS WIRE)-- Chevron, through its affiliate Union Oil Company of California, has transferred ownership and control of the former headquarters of Union Oil Company of California to the City of Santa Paula. The donation became official Dec. 27, 2023. Included in the donation are the historic headquarters building, a “Rig Building,” an adjacent parking lot, select oil industry memorabilia, and a substantial $2 million grant. The grant is intended to assist the City in addressing maintenance for the 133-year-old iconic building. “For over 130 years, the former Union O...
Advisory: Chevron Corporation’s 4Q 2023 Earnings Conference Call and W...
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, February 2, 2024, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information: Date: Friday, February 2, 2024 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 800-401-3551 Conference ID #: 1036277 Speakers: Mike Wirth – Chairman of the Board and Chief Executive Officer Pierre Breber – Vice President and Chief Financial Officer Jake Spiering – General Manager, Investor Relations To access the live we...
Chevron Earns Top Marks on Corporate Equality Index for 18th Consecuti...
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today announced the company received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI) for the 18th consecutive year. Chevron is among other major U.S. businesses that received a CEI rating of 100 points along with the new Equality 100 Award: Leaders in LGBTQ+ Workplace Inclusion, a distinction recognizing companies that meet or exceed elevated criteria focused on four central pillars: Non-discrimination policies across business entities Equitable benefits for LGBTQ+ wor...
Chevron Announces $16 billion 2024 Capex Budget
SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024. Upstream spending in 2024 is expected to be about $14 billion. Of this planned expenditure, two-thirds is allocated to the United States, including approximately $6.5 billion to develop Chevron’s U.S. shale and tight portfolio, of which around $5 billion is planned for Permian Basin development. About ...
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