Chevron Corporation Company News
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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.
Disappointing Output Betrays Exxon, Chevron Profit Victories
Friday, October 27, 2017 ExxonMobil and Chevron fall after reporting disappointing production for 3Q that undercut outsized earnings results.
Chevron Approves New Tech Investment To Raise Output At North Sea Field
Friday, October 20, 2017 Chevron approves an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company says.
Canada's Keyera Signs Pact With Chevron To Transport, Store NGL
Tuesday, October 10, 2017 Keyera says it signed a 20-year agreement with Chevron's Canadian unit to transport and store NGL.
Chevron Starts LNG Output at Australia's Wheatstone
Monday, October 09, 2017 The LNG market will be focused on how smoothly Wheatstone progresses following the troubled start-up at Chevron's bigger Gorgon LNG project.
Petrofac Extends North Sea Contract with Chevron
Thursday, October 05, 2017 Oilfield services company Petrofac Ltd said its North Sea engineering services contract with a unit of Chevron Corp had been extended for 12 months.
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
Sources: Shell Prep Louisiana Refineries to Keep Running in Storm
Thursday, October 05, 2017 PBF Energy and Royal Dutch Shell Plc were preparing their Louisiana refineries to keep running during Tropical Storm Nate, which is forecast to make landfall in the state on Sunday, sources familiar with plant operations said.
Jon Huntsman Drops Off Chevron's Board After Winning Moscow Post
Tuesday, October 03, 2017 Jon Huntsman quits Chevron's board.
Thailand Again Delays Auction Of Erawan, Bongkot Gas Fields
Monday, October 02, 2017 Thailand will delay the auctions of the concessions for the Erawan and Bongkot gas fields for at least another month.
Chevron Hands Mantle to Ex-Refining Boss Wirth as Watson Retires
Thursday, September 28, 2017 The 56-year-old Chevron lifer brings 35 years of experience to the c-suite.
Chevron To Invest $4B To Boost Permian Basin Output
Monday, September 25, 2017 Chevron will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive says.
Sources: Chevron Drills Oil Well In Iraqi Kurdish Area After Two-Year Gap
Wednesday, September 20, 2017 Chevron drilled its first exploration well this month in Iraqi Kurdistan after a two-year break, industry sources say.
Big Oil Becomes Greener With Progress in Cutting Pollution
Monday, September 18, 2017 It's no secret that oil majors are among the biggest corporate emitters of pollution.
Chevron's Watson Said to Plan to Step Down, Journal Reports
Tuesday, August 22, 2017 John Watson, who has led Chevron since 2010, is planning to step down as the oil major seeks a new CEO, the Wall Street Journal says.
Glencore, Chevron Enter Mexico's Recently Opened Fuel Market
Thursday, August 17, 2017 Chevron and trading firm Glencore announced separate plans to enter Mexico's fuel market.
Jacobs Expands MSA for Chevron's US Refineries, Terminals
Wednesday, August 09, 2017 Refineries covered under the MSA amendment include Chevron facilities in El Segundo and Richmond, Calif., Pascagoula, Miss., and Salt Lake City, Utah.
Nigeria's State Oil Company Signs Deals With Chevron, Shell
Thursday, August 03, 2017 Nigeria's state oil company says it signed financing agreements with Chevron and Shell worth at least $780 million.
ExxonMobil Misses Estimates as Cuts Fail to Offset Output Declines
Friday, July 28, 2017 ExxonMobil wrecked the oil industry's perfect streak of upside profit surprises as the biggest US oil explorer disclosed second-quarter results that failed to live up to analyst forecasts.
Chevron Swings to Profit Even as Refining Returns Fall Short
Friday, July 28, 2017 Chevron swings to a 2Q profit as the second-largest US oil explorer lifted production from oil and gas wells by the most in more than 7 years. The shares rose.
Mexico Delays Next Oil Auction to Let Huge New Find Sink In
Monday, July 17, 2017 "International and national interest is awakening," said Mexico's chief oil regulator.
White House Is Said to Be Unlikely to Restrict Venezuelan Crude
Friday, July 07, 2017 U.S. officials have not made any decisions on what, if any, sanctions may be imposed on Venezuela.
Oil Producers' Cost-Cutting Swept Away by New Price Decline
Friday, June 30, 2017 For the moment, investors seem to be focusing more on prices than operational improvements.
Grassroots Kazakhstan Base Oil Project Goes to CB&I
Monday, June 12, 2017 TOO Hill Resources (HILL) has awarded CB&I a contract for the license and engineering of a grassroots lube base oil plant in Shymkent, Kazakhstan.
No New Demand, More Supply Leaves Spot Price Languishing
Friday, May 26, 2017 Asian LNG spot prices have fallen due to a lack of significant new demand from the Middle East and others as supplies emerged from Papua New Guinea, Angola, Abu Dhabi and Russia.
South Africa Wants Sinopec to Retain Refinery Capacity
Thursday, May 25, 2017 Sinopec will pay almost $1 billion for a 75 percent stake in Chevron's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.
Shell Shareholders Reject Emissions Target Proposal
Tuesday, May 23, 2017 The vote is a setback for climate activists who are increasing pressure on global oil companies.
Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017 After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.
Venezuela Oil Executive Arrested in Corruption Probe
Tuesday, May 23, 2017 Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and U.S. major Chevron Corp.
South Korean Coal Plant Closures May Lift LNG Demand
Friday, May 19, 2017 South Korea has outlined plans to close 10 old coal-fired power plants next month.
Chevron's $54 Billion LNG Plant Hits New Snag in Australia
Tuesday, May 16, 2017 It's at least the eighth outage since Gorgon LNG operations started 14 months ago.
Chevron Shuts First Gorgon LNG Export Plant Unit for Around a Month
Monday, May 15, 2017 "Production on Gorgon Train 1 was stopped on May 12 due to a failure of a flow measurement device," the company said in a statement.
Chevron Drilling VP: Oil, Gas Needs to be Innovative, but Make Money
Tuesday, May 02, 2017 Industry leaders discuss whether or not oil and gas can be innovative and profitable.
Surging Chevron, ExxonMobil Profits Signal Oil Industry Turnaround
Friday, April 28, 2017 Rising crude prices helped Chevron and ExxonMobil easily beat Wall Street's profit expectations.
Chevron Says Restarting Output At Gorgon Train Two LNG Project In Australia
Tuesday, April 18, 2017 Chevron is restarting LNG production at its Gorgon Train Two facility in Australia.
Sources: Chevron Exploring Sale Of Canada Oil Sands Stake Worth About $2.5B
Thursday, April 13, 2017 Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.
China's Sinopec Buys First Major African Refinery In Chevron Deal
Wednesday, March 22, 2017 China's Sinopec agrees to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Wednesday, March 22, 2017 Top bidders included Shell Offshore, Statoil, Chevron and Hess, each offering more than $44 million for access to offshore exploration and production, according to federal records.
Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled
Tuesday, March 21, 2017 ExxonMobil, Shell and Chevron are jumping into American shale with gusto, planning to spend a combined $10B this year, up from next to nothing only a few years ago.
China's Sinopec Close To Snapping Up Chevron's South African Oil Assets
Friday, March 17, 2017 China Petroleum and Chemical Corp (Sinopec) is nearing an agreement to buy a majority stake in Chevron Corp's South African assets.
Chevron's Watson: US Should Be More Competitive, But Not Burden Imports
Friday, March 10, 2017 Chevron CEO John Watson discusses regulatory environment in the US and around the world with chairman Daniel Yergin during CERAWeek by IHS Markit in Houston.
Chevron Commences Oil, Gas Production from Angola Project
Thursday, March 09, 2017 Chevron Corporation announces that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project.