Chevron Corporation Company News

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Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

Drillers Turning to Big Data in the Hunt for Cheaper Oil
Wednesday, March 20, 2019 The industry is creating new business opportunities for IT, artificial intelligence, big data processing and analytics providers.

Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.

Chevron CEO Talks Permian, Diversity at CERAWeek
Tuesday, March 12, 2019 Chevron's Mike Wirth speaks about the surge in Permian production and why the company hasn't forgotten about its other resources.

Chevron Australia Contract Goes to SNC-Lavalin
Tuesday, March 12, 2019 The three-year contract covers engineering, reliability and integrity management services.

Permian Shale Primed For Mergers and Acqusitions
Monday, March 11, 2019 The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.

Shell on the Prowl for Permian Deals
Monday, March 11, 2019 Shell is eyeing takeovers to take advantage of smaller drillers squeezed by costs and investors hungry for returns.

Maduro Gets Oil Lifeline From Russia
Tuesday, March 05, 2019 As PDVSA was running out of an obscure product needed to keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue.

Exxon, Chevron Expect Surge in Permian Production
Tuesday, March 05, 2019 ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024.

India Becomes Top Buyer of Venezuelan Oil
Monday, February 18, 2019 Meanwhile, shipments to Venezuela's long-time ally China have slowed down.

Chevron Signs New LNG Deal with South Korean Refiner
Thursday, February 14, 2019 A Chevron subsidiary signed a sales and purchase agreement with South Korean oil refiner GS Caltex Corporation.

Chevron CEO Says Lower Your Costs or Die
Wednesday, February 13, 2019 In a time of transition, where everyone from politicians to shareholder activists is bashing Big Oil, shale's success is forging a new reality, Wirth said: Lower your costs, or die.

Chevron Pledges to Work With US to Remain in Venezuela
Tuesday, February 12, 2019 Chevron pledges to work closely with the US to remain in Venezuela despite a spiraling crisis.

Permian Boosts ExxonMobil, Chevron Earnings
Friday, February 01, 2019 Soaring Permian oil production helped to boost the wow factor for ExxonMobil and Chevron's Q4 profits.

Transocean Lands $830MM Rig Contract with Chevron
Friday, December 28, 2018 Transocean has signed a rig design and construction management contract and a five-year drilling contract with Chevron.

Premier Oil Eyes Bid for Chevron's North Sea Assets
Thursday, December 13, 2018 Premier Oil is considering a bid for a package of North Sea oil and gas assets put on the block by Chevron.

Big Oil Battles Prolonged Gender Problem
Tuesday, December 04, 2018 Globally, the oil and gas sector ranks second only to construction as the worst for gender equality, according to a study by Boston Consulting Group.

Chevron Wellhead Deal Goes to TechnipFMC
Wednesday, November 14, 2018 TechnipFMC signs a surface technologies frame agreement with Chevron.

ExxonMobil and Chevron Report Strongest 3Q Results in 4 Years
Friday, November 02, 2018 ExxonMobil and Chevron deliver their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude.

Tight Oil, Shale to Drive Majors' Output to New Highs
Tuesday, October 16, 2018 By the middle of the next decade, US unconventionals will generate up to $20 billion of annual cash flow for the Lower 48.

Saturno Brazil Pre-Salt Acreage Goes to Shell and Chevron
Friday, September 28, 2018 Shell and Chevron own equal stakes in the Saturno block

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 Join 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.