Chevron Corporation Company News

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Chevron Launching Layoffs in April
Tuesday, February 25, 2020 Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year.

Chevron Teams Up on Carbon Capture Investment
Wednesday, February 19, 2020 The investment will be used to deliver a pipeline of global projects to lower emissions from the oil and gas industry.

Oil to Flow Again from Saudi-Kuwait Neutral Zone
Friday, February 14, 2020 Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply.

Cimic Wins Contract Extension for Chevron-run Facilities
Thursday, February 13, 2020 This photo shows the Chevron-operated Gorgon Project. PHOTO SOURCE: Chevron Australia Pty Ltd

Chevron Awards Angola Platform Contract
Wednesday, February 12, 2020 This photo shows one of Aquaterra's Sea Swift conductor supported platforms. PHOTO SOURCE: Aquaterra Energy

Petrobras and Chevron Selling Stake in Papa-Terra Field
Tuesday, February 04, 2020 Papa-terra field is part of the BC-20 concession and is located at a water depth of 1,200 meters.

Chevron Posts Steepest Loss in a Decade
Friday, January 31, 2020 Most of the fourth-quarter loss stemmed from $10.4 billion in previously announced impairments.

Permian Proves to be Double-Edged Sword for Exxon, Chevron
Friday, January 31, 2020 Exxon shares fell so much on Friday that the decline wiped out $12 billion in market value in less than three hours.

Venezuela Mulls Privatizing Oil Amid Economic Freefall
Monday, January 27, 2020 It would be a move that forsakes decades of state monopoly.

Oil Industry Climate Suits Have Poor Track Record
Friday, January 24, 2020 Attempts to make Big Oil pay for climate change may be impossible.

Oil, Gas Supermajors Living Beyond their Means
Thursday, January 16, 2020 Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020 Current market conditions are resulting in many US fracking projects failing to break even.

Gulf of Mexico Oil Output Targeting Record Year
Friday, December 27, 2019 2020 is expected to be another record year for the region with average production above 1.9 million barrels per day.

Equinor Signs Global Deal with ABB
Tuesday, December 17, 2019 Equinor’s new Aasta Hansteen platform. Photo by Roar Lindefjeld and Bob B. Randulff. Photo copyright Equinor.

Schlumberger Unit Wins Anchor Subsea Contract
Friday, December 13, 2019 OneSubsea will provide a subsea production system rated up to 20,000 psi. IMAGE SOURCE: Schlumberger

$5.7B Deepwater Project Wins Chevron Approval
Thursday, December 12, 2019 Total also announced the FEED for a separate Central GOM project.

Chevron's LNG Exit Adds to Canada's Energy Struggles
Wednesday, December 11, 2019 The major called time on the Kitimat LNG project recently, saying it plans to sell its 50 percent stake.

Chevron Eyes $11B Writedown Amid Weak Gas Prices
Tuesday, December 10, 2019 More than half of it is from its Appalachia natural gas assets after a slump in prices.

Chevron Invests in Electric Motor Maker
Friday, December 06, 2019 Chevron Technology Ventures has invested in an electric motor manufacturer that aims to disrupt the oil and gas and other industries.

New Subsea Era Could Begin with Power Tech
Tuesday, December 03, 2019 This rendering shows the layout of a subsea substation. IMAGE SOURCE: ABB

Top Upstream Companies in Predictive Maintenance
Tuesday, November 26, 2019 GlobalData has identified the 'leading' upstream companies that are adopting predictive maintenance technologies in the oil and gas industry.

California Bans High-Pressure Steam Oil Wells
Tuesday, November 19, 2019 California intensified its battle against fossil fuels by halting new permits for a key production technique following leaks at a Chevron Corp. facility in an area that has pumped crude for more than a century.

Hess Hits Oil Pay Near Tubular Bells
Tuesday, October 29, 2019 Operator Hess holds a 57.14-percent stake in Esox, with Chevron U.S.A. Inc. owning the remainder.

Deepwater Transformation Sparking New Interest
Thursday, October 17, 2019 Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.

Buyer for Chevron's UK Fields Seeks Funds From Traders
Thursday, October 17, 2019 A unit of Delek Group is seeking alternative means of financing to complete its $2B acquisition of some of Chevron’s North Sea oil and gas assets.

Argentina Primed for Great Natural Gas Rise
Wednesday, October 16, 2019 There are interesting opportunities for shale development in Argentina, and they're pretty promising for natural gas.

Chevron CEO Praises Texas for its Business Environment
Thursday, October 10, 2019 Chevron Corp. may be based in California, but CEO Mike Wirth had little praise for the state as he lauded the Texas business environment during an event in Houston.

Permian Methane Mystery Center of Green Group's Study
Wednesday, October 02, 2019 The Permian's emissions of a key greenhouse gas are mostly a mystery, one that a nonprofit group aims to solve.

Chevron Okays GOM Waterflood
Thursday, September 19, 2019 Chevron Corp. reported Thursday that it has sanctioned a waterflood project in the St. Malo field, located in the Gulf of Mexico. PHOTO SOURCE: Business Wire

Exxon Eyes Oil M&A as Clean Energy Shift Prolonged
Wednesday, September 04, 2019 Exxon CEO Darren Woods is eyeing oil and natural gas deals despite calls to reduce emissions, saying any shift in the world's energy supply will take decades.

Chevron Lays Groundwork for Venezuela Exit
Tuesday, September 03, 2019 Chevron appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to extend a waiver allowing it to continue operating in the country.

Half of Venezuela's Oil Rigs May Shut Down If US Waivers Lapse
Friday, August 23, 2019 A looming U.S. sanctions deadline is threatening to clobber Venezuela's dwindling oil-rig fleet and hamper energy production in the nation with the world's largest crude reserves.

Top 10 Ideal Downstream Employers for 2019
Thursday, August 22, 2019 Here is a breakdown of the 10 highest-scoring downstream employers in Rigzone's 2019 Ideal Employer Survey.

BHP Delivers Largest Bid in US Gulf of Mexico Lease Sale
Wednesday, August 21, 2019 Lease Sale 253 generated almost $159.4 million in high bids for 151 tracts in the U.S. Gulf of Mexico.

Rigzone Survey Highlights Top Companies Amongst Midstream Workers
Tuesday, August 20, 2019 Midstream workers select their top companies in Rigzone's 2019 Ideal Employer Survey.

Survey Reveals Top 10 Ideal Upstream Employers for 2019
Wednesday, August 14, 2019 More than 11,000 survey participants selected their favorite upstream employers.

Rigzone's Survey Spotlights the Top Oil, Gas Company to Work For
Monday, August 12, 2019 Discover which company ranked No. 1 with professionals around the world.

Chevron Warns of Future Venezuela Events Hurting Earnings
Wednesday, August 07, 2019 The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings.

Trump Imposes New Sanctions on Venezuela
Tuesday, August 06, 2019 President Donald Trump imposed further sanctions on Venezuela, freezing the government's assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure on the regime of Nicolas Maduro.

Chevron Gets Approval to Keep Producing Oil in Venezuela
Friday, July 26, 2019 Chevron and four oil services companies won U.S. government approval to continue producing oil in Venezuela despite sanctions placed on the crisis-stricken country.

Chevron Awards GOM Subsea Contract
Tuesday, July 23, 2019 The 20-year contract covers subsea equipment and services. IMAGE SOURCE: Schlumberger

Chevron Aims to Turn Canada LNG Plan Into Electric Design
Monday, July 15, 2019 Chevron is seeking approval to modify its plans for a LNG export facility on Canada's Pacific Coast to an all-electric design.

Oil Workers Evacuate GOM Rigs as Storm Strengthens
Wednesday, July 10, 2019 Oil and natural gas producers in the U.S. Gulf of Mexico began evacuating workers and shutting in output as a storm gathers strength off the coast of Florida.

Big Oil Plans to Unleash a Flood of Plastic From US Gulf
Wednesday, July 10, 2019 The world's biggest oil and chemical companies are about to unleash a tidal wave of plastic raw materials by the mid-2020s.

Will Occidental's $38B Gamble Be a Shale Win?
Friday, June 07, 2019 Oxy is aiming for billions of dollars' worth of cost savings and productivity gains from the Anadarko deal, but many investors remain skeptical.

Big Oil to Permian Strugglers: No Bailouts
Thursday, May 30, 2019 Big Oil probably won't be buying up the Permian Basin's struggling independent drillers any time soon.

Chevron Becomes Texas Refiner
Thursday, May 02, 2019 Petrobras had been the sole owner of the facility since 2008.

Chevron Expands Elite Group with Anadarko Deal
Friday, April 12, 2019 Rystad Energy expects Chevron will eclipse ExxonMobil in Permian production.

Chevron-McDermott JV Wins India Contract
Wednesday, April 03, 2019 The contract calls for licensing and basic design of a delayed coker.

Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.