Chevron Corporation Company News
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Shell Takes Top Bid Spot for Offshore Lease Sale
Thursday, November 19, 2020The auction generated $120,868,274 in high bids for 93 tracts covering approximately 79 million acres in federal GOM waters.
EQT May Seek More Shale Deals After Chevron
Wednesday, November 11, 2020EQT Corp. indicated it's not done yet with driving consolidation in the fragmented Appalachian natural gas industry.
Chevron Stuns Analysts with Earnings Surprise
Friday, October 30, 2020Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand.
Chevron to Divest Shale Assets in $735MM Deal
Wednesday, October 28, 2020EQT Corp. has agreed to buy Chevron Corp.'s Appalachian shale assets for $735 million.
Five Themes to Watch Among Oil Majors
Monday, October 26, 2020Six months on from crude's era-defining price crash, Big Oil is suffering from whiplash.
Is a Healthier Oil Market on the Horizon?
Friday, October 23, 2020Here is a look back at oil and gas market hits and misses for the week ending Oct. 23, 2020.
Modest Deals Reflect Slide for US Shale
Tuesday, October 20, 2020There is no more dramatic sign of the US shale industry's fall from grace than one of the best in the business being sold off for less than a third of its peak value.
Another Permian Operator Sale May Be Underway
Tuesday, October 20, 2020Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.
ConocoPhillips to Acquire Permian Operator in $9.7B Deal
Monday, October 19, 2020ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock.
Offshore Israel Campaign Goes to Stena Drilling
Monday, October 12, 2020Stena Drilling reported that it has signed a new contract with Noble Energy Mediterranean Ltd.
Siemens Alum Joins Phillips 66 Board
Monday, October 12, 2020The board of Phillips 66 has named Lisa A. Davis an independent director of the company.
Chevron Doubles Down on Renewable Natural Gas
Thursday, October 08, 2020Chevron Corp. is doubling down on its plan to turn cow manure into renewable natural gas.
Chevron Bypasses ExxonMobil in Market Value
Wednesday, October 07, 2020Chevron had a market capitalization of $142 billion at the close of US trading on Wednesday, compared with Exxon’s $141.6 billion.
$4.1B Chevron Bid Wins Noble Shareholder Vote
Monday, October 05, 2020It cements one of the US oil industry's biggest transactions this year.
Private Firms Gain Market Share from Pemex
Tuesday, September 29, 2020The trend bodes poorly for the Lopez Obrador administration.
Devon to Become Bigger Permian Player
Monday, September 28, 2020Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal.
Sally Prompts GOM Platform Evacuations
Monday, September 14, 2020Hurricane Sally will begin hammering the US Gulf Coast with flooding rains late Monday,
Activist Investor Takes Stake in Noble Energy
Tuesday, September 08, 2020The size of the stake, and the investor's intentions, are unknown.
Noble Reveals Date of Chevron Merger Vote
Monday, August 24, 2020Chevron has agreed to acquire Noble in an all-stock transaction valued at $5 billion.
$5B Chevron Deal Wins Support from Israeli Official
Wednesday, August 12, 2020Israel's energy minister is "confident" the country's regulators will allow Chevron Corp. to operate the local natural gas assets of Noble Energy Inc.
Biden VP Pick Has Record of Fighting Oil Industry
Wednesday, August 12, 2020As California attorney general, Harris filed lawsuits against Phillips 66, ConocoPhillips and others.
Former Lukoil Trader Wins Venezuela Dispute
Monday, August 10, 2020A unit of Lukoil had claimed the trader engaged in unauthorized purchases of Venezuelan crude.
Supermajor Era Ends for BP
Wednesday, August 05, 2020BP's CEO declared Tuesday the company would be a supermajor no more.
Permian Execs Signal Milestone
Tuesday, August 04, 2020America's most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth.
Exxon and Chevron Post Historic Losses
Friday, July 31, 2020Exxon Mobil Corp. and Chevron Corp. posted the worst losses in a generation.
Total Takes $8.1B Impairment
Wednesday, July 29, 2020The bulk of the impairment -- about $7 billion -- applies to Canadian oil sands.
Oil Market Awaits North America Rebound
Friday, July 24, 2020Check out this review of oil market hits and misses for the week ending July 24, 2020.
Chevron Powering Oil Pumps with Solar Panels
Thursday, July 23, 2020In California's sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state's clean-energy programs to cut costs.
Rising Debt Pressures Supermajor Dividends
Wednesday, July 22, 2020Once a money-making machine, Big Oil is now relying on ever-increasing amounts of debt, raising the pressure on highly prized dividends.
Chevron's Noble Deal Could Be New M&A Blueprint
Monday, July 20, 2020Chevron Corp. reported Monday that it has struck a definitive agreement to acquire all outstanding shares of Noble Energy, Inc.
Agile but Slow US Shale Recovery Likely
Wednesday, July 01, 2020Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
Exxon and Chevron Face Investor Pressure for Oil Demand Outlook
Wednesday, July 01, 2020America’s biggest oil companies are coming under increasing pressure from climate-conscious investors.
Oil and Gas Blockchain Group Claims Milestone
Monday, June 08, 2020The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.
$180MM in Contracts Go to Sapura
Thursday, June 04, 2020The photo above shows the vessel Sapura 3000 pipe laying vessel. PHOTO SOURCE: Sapura Energy Berhad
Chevron to Cut Global Workforce by Up to 15 Percent
Wednesday, May 27, 2020Chevron plans to strip $1 billion of operating expenses this year in addition to slashing capital spending by almost a third.
Permian Report Supports View Price Crash Has Passed
Friday, May 15, 2020Check out why pipelines figured prominently in this review of popular downstream-related Rigzone articles this past week.
Williams Makes Deepwater Deal with Chevron and Total
Friday, May 08, 2020Williams will provide offshore natural gas transportation services to the Anchor development, thanks to an agreement with co-owners Chevron and Total E&P USA, Inc.
Oil Downturn Looks A Bit Like 2008 Financial Meltdown
Tuesday, May 05, 2020Oil and gas industry-focused cloud software firm exec observes similarities and differences between two historic episodes.
Permian Drillers Slash Output Themselves
Monday, May 04, 2020On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts.
Exxon Sees Historic Loss on Rout With Chevron in Retreat
Friday, May 01, 2020Exxon Mobil posted its first loss in at least three decades and Chevron slashed $2 billion off its spending plan.
Chevron Banned From Producing Oil in Venezuela
Wednesday, April 22, 2020The US is increasing pressure on Nicolas Maduro's regime as the country reels from Covid-19 and the lowest oil prices in a generation.
Chevron Sells Non-Op Interests in ACG for $1.57B
Monday, April 20, 2020This sale is key to its divestment program, which is aiming for $5- to $10 billion between 2018 and 2020.
Subsea 7 Awarded Gulf of Mexico Contracts
Wednesday, April 15, 2020The contracts include subsea installation services in the Gulf of Mexico's Anchor field.
Worley Wins Chevron Contract Extension
Wednesday, April 01, 2020This photo shows Chevron's Wheatstone project, Australia's first LNG hub. PHOTO SOURCE: Chevron Australia Pty Ltd
Chevron Lummus Global Snags Asia Refinery Contract
Thursday, March 26, 2020The McDermott-Chevron JV will provide the license, engineering and supply of catalyst and equipment for the new base oil unit.
Aker Wins Chevron Gulf of Mexico Contract
Tuesday, March 24, 2020The agreement is for umbilicals in GOM oil and gas fields and work related to Chevron's Anchor project.
Exxon Hits the Brakes on Permian After Virus Pummels Oil
Thursday, March 05, 2020It's one of the first signs that the majors are throttling back on production in response to the recent price slump.
Chevron Counting on Permian to Yield $80 Billion for Investors
Tuesday, March 03, 2020The Permian targets show faith in a basin in which many operators are struggling to generate cash.
Chevron Anchor Design Contract Goes to Wood
Friday, February 28, 2020Above is a 3D model illustration of Chevron's Anchor semi-FPU. IMAGE SOURCE: Wood plc
Chevron Launching Layoffs in April
Tuesday, February 25, 2020Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year.