Chevron Corporation Company News
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Canada Shale Drillers Feel Permian Pain as Prices Collapse
Thursday, September 20, 2018 The Permian Basin isn't the only oil field facing pressure from pipeline bottlenecks.
Exxon, Chevron and Occidental Oil and Gas Climate Group
Thursday, September 20, 2018 Supermajors Exxon and Chevron along with Occidental Petroleum are the latest three companies to join group committed to addressing climate change.
Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018 The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.
US Energy Operations Begin Recovering After Tropical Storm Gordon
Wednesday, September 05, 2018 Energy companies and port operators along the US Gulf Coast took steps to resume operations after Tropical Storm Gordon.
South African Watchdog Approves Glencore's Bid For Chevron Assets
Thursday, August 23, 2018 South Africa's competition watchdog approved Glencore's roughly $900 million bid for Chevron's local and Botswana assets.
Caspian Pipeline Consortium Cuts CPC Blend Export Plan by 10 Pct
Tuesday, August 21, 2018 "We ... expect to pump around 60 million tonnes, but it (the export volume), of course, depends on producers," CPC said.
ExxonMobil, Chevron Earnings Miss Wall St Expectations
Friday, July 27, 2018 ExxonMobil and Chevron posted quarterly results far short of Wall Street's expectations.
Chevron Awards Gorgon Subsea Contract
Thursday, July 26, 2018 The subsea installation will take place in water depths ranging from 250 to 1,340 meters.
Oil Majors Quizzed on Near-Term Permian Hiring Plans
Monday, July 23, 2018 Rigzone asks several oil and gas majors about their hiring plans in the Permian Basin in the near future.
Chevron Taps Geologist Insider to Head Brazil Operations
Friday, July 13, 2018 Chevron, which had global revenues of $135 billion in 2017, has been growing its presence in Brazil.
Forget Tech, Big Oil is Doling Out America's Fattest Paychecks
Thursday, July 05, 2018 Move over Wall Street titans and Silicon Valley giants. When it comes to paychecks, Big Oil now looks like the best bet for U.S. workers.
An Emerging Shale Oil Producer Is Courting Majors
Thursday, June 28, 2018 Algeria looks to attract more foreign investment to help it tap its rich shale reserves.
Chevron Awards BHGE Contracts for Next Gorgon Phase
Tuesday, June 26, 2018 The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.
Chevron, Exxon CEOs Worry Global Trade Conflict Could Harm Economy
Tuesday, June 26, 2018 Chevron, ExxonMobil and other major oil and natural gas producers are concerned that Trump's actions could imperil relations with some of their largest customers.
Big Oil's Fate Hinges on Global Gas
Monday, June 25, 2018 Big Oil's fortunes are becoming tied more closely to natural gas than ever before.
Chevron Names Brazil Chief To Lead Venezuela Operations After Arrests
Monday, June 18, 2018 Chevron has permanently assigned its Brazil country chief to run its Venezuelan operations.
Chevron Starts Second Production Unit at Wheatstone LNG in Australia
Friday, June 15, 2018 Chevron Corp has started producing liquefied natural gas (LNG) at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays.
Pipe Dream? Chevron, Woodside Vie to Shape Australia's LNG Sector
Friday, June 15, 2018 After spending a decade and billions of dollars developing Australia's vast gas reserves, Chevron and Woodside are at odds over the pace and timing of the next leg of expansion.
Chevron Unveils Shared Vision for North West Shelf Infrastructure Stimulus
Wednesday, May 16, 2018 Chevron extends invitation to Woodside and Shell to collaborate on shared infrastructure development.
An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'
Big Oil Investors Show They Want More Than Just Profit
Tuesday, May 01, 2018 Big Oil's investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback.
Chevron To Idle Gorgon LNG Unit, Considers Boosting Australian Output
Monday, April 30, 2018 Chevron will idle the second production unit at its Gorgon LNG project in May.
ExxonMobil Misses, Chevron Crushes Estimates in Mixed Day for Big Oil
Friday, April 27, 2018 For the biggest US oil explorers, the first quarter was a study in contrasts.
Big Oil Gets Little Love With Toxic Troika Shadowing Revival
Tuesday, April 24, 2018 For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers' portfolios alongside the biggest names in corporate America. Not so much any more.
Indonesia Compensates Pertamina with Oil Block Handover
Friday, April 20, 2018 Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials said.
Venezuela Arrests Two Chevron Employees Amid Oil Industry Purge
Tuesday, April 17, 2018 Venezuela arrests two Chevron executives.
Chevron Boosted Compensation for Incoming CEO Wirth in 2017
Tuesday, April 10, 2018 Chevron Corp boosted the pay for executive Mike Wirth last year by more than 25 percent ahead of his appointment as chief executive in early 2018.
As Shale Wells Grow Longer, Buyouts Attract Hemmed In Oil Producers
Friday, March 30, 2018 US shale producers are building miles-long horizontal wells that are running into their rivals' land holdings.
Chevron Says It Will Not Dispute Climate Science in US Lawsuit
Thursday, March 22, 2018 Chevron and other energy producers also argued in legal filings that the case should be dismissed.
Oil, Gas Leaders Warn Trump He Risks Harming Their Industry
Friday, March 16, 2018 The meeting came a week after Trump decided to slap a 25 percent levy on steel imports
Chevron Backs 2018 Production Rise, Eyes Share Buybacks
Tuesday, March 06, 2018 Chevron says it should be able to raise production as planned by between 4 and 7 percent in 2018.
Chevron Expects LNG Supply Shortage By 2025
Tuesday, March 06, 2018 Chevron says it expected supply shortage in the global LNG market by around 2025.
Chevron Says Climate Change Fallout No Quick Threat to Oil
Friday, March 02, 2018 Climate change is critical to future energy markets but its effect on Chevron's oil and gas business will be minimal for decades to come, says company.
Chevron Restarts Drilling In Kurdistan Region Of Iraq
Monday, February 19, 2018 Chevron resumes drilling operations in the Kurdistan region of Iraq (KRI).
Chevron Mulling Participation in Brazil's March Oil Auction
Tuesday, February 06, 2018 Chevron Corp is considering taking part in an oil auction in Brazil as part of a consortium of companies.
Chevron Sells First Condensate Cargo From Australia's Wheatstone LNG
Monday, February 05, 2018 Chevron Corp has sold the first condensate cargo to be exported from the Wheatstone LNG project in Australia to Thailand's PTT, 3 sources with knowledge of the matter say.
ExxonMobil, Chevron Disappoint by Missing Out on Industry Rebound
Friday, February 02, 2018 ExxonMobil and Chevron, usually trendsetters in the oil industry, are woefully off the pace.
Why Canada Is The Next Frontier For Shale Oil
Monday, January 29, 2018 Canada is the first country outside the United States to see large-scale development of shale resources.
Oil's Heavy Hitters Line Up to Dive Into Mexico's Deep Waters
Friday, January 26, 2018 The sale will be Mexico's biggest, in terms of fields and expected investment, since Pemex's monopoly ended in 2013.
CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV
Thursday, January 18, 2018 Three-way agreement is 'technological first,' says Saudi Aramco president.
Oil Producers Want New Hearing on Impact of Magellan Proposal
Wednesday, January 17, 2018 Oil and gas producers WPX Energy and Chevron have asked a U.S. regulator for a new hearing on the broad industry impact of Magellan Midstream Partners' request to launch a marketing arm.
Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018 New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.
Angola LNG Production Setback Prompts Tender Cancellation
Monday, January 08, 2018 A production issue affecting the Chevron-led Angola LNG export facility has prompted the cancellation of a tender.
ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo
Wednesday, December 06, 2017 ExxonMobil is joining Chevron and other US refiners to supply the newly free Mexico fuel market.
Chevron To Study Mexican Oil Block, No Drilling Seen In First 4 Years
Thursday, November 30, 2017 Chevron will focus on studying the geology of its block in Mexico's deepwater Gulf during the first four-year phase of its contract.
Buying Texas Oil at New Mexico Prices: Majors Go West for Shale
Tuesday, November 14, 2017 Oil producers discouraged by the rising cost of accessing the vast deposits of the Permian Basin are sneaking into a geological back door, through neighboring New Mexico.
Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site
Monday, November 13, 2017 Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site
Chevron Canada Okays Duvernay Development
Tuesday, November 07, 2017 'The Duvernay formation is one of the most prospective liquids-rich shale plays in North American,' Chevron Canada President Jeff Gustavson.
Report: Quarter Of Oil Refineries Risk Closure Under Climate Goals
Thursday, November 02, 2017 A quarter of the world's oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning.
Chevron Drops Decision to Leave Bangladesh
Monday, October 30, 2017 Chevron did not give a reason for reversing its decision.