chevron

Chevron Warns Pandemic Threatening Through September, but Common Ground in Election

Chevron Warns Pandemic Threatening Through September, but Common Ground in Election

Chevron Corp., savaged in the second quarter by the hurricane-force winds of Covid-19, warned Friday that the pandemic may choke profits through September.  The San Ramon, CA-based major posted an $8.3 billion loss (minus $4.44/share), compared with net profits a year earlier of $4.3 billion ($2.27). U.S. upstream operations lost $2.1 billion, versus year-ago earnings…

July 31, 2020
Chevron Planning to Sell Stake in Australia’s North West Shelf LNG Facility

Chevron Planning to Sell Stake in Australia’s North West Shelf LNG Facility

Chevron Corp. said Thursday it plans to sell its 16.67% interest in Australia’s North West Shelf Project, which is among the country’s largest liquefied natural gas (LNG) facilities.

June 18, 2020
Majors Seeking to Streamline Portfolios through Oil, Natural Gas Asset Sales Amid Covid-19 Impacts, Rystad Says

Majors Seeking to Streamline Portfolios through Oil, Natural Gas Asset Sales Amid Covid-19 Impacts, Rystad Says

Oil and gas companies around the world have announced plans to divest non-priority assets with recoverable reserves totaling some 12.5 billion boe since December 2019, according to new analysis by Rystad Energy.

June 3, 2020
ExxonMobil Defeats All Shareholder Resolutions, while Chevron Investors Favor Climate Risk Reporting

ExxonMobil Defeats All Shareholder Resolutions, while Chevron Investors Favor Climate Risk Reporting

ExxonMobil and Chevron Corp. investors on Wednesday were generally unswayed by the historic downturn in oil prices and voted against nearly all shareholder-backed resolutions at their annual meetings. However, a push for more information about climate risks was given the green light by Chevron shareholders.

May 27, 2020
U.S. Energy Leaders BP, ExxonMobil, Chevron, Shell Join Forces with Peers to Continue Advocating Climate Change Initiatives

U.S. Energy Leaders BP, ExxonMobil, Chevron, Shell Join Forces with Peers to Continue Advocating Climate Change Initiatives

One day ahead of their annual shareholder meetings, ExxonMobil CEO Darren Woods and Chevron Corp. CEO Mike Wirth joined their global natural gas and oil peers, including BP plc and Royal Dutch Shell plc, to advocate climate change initiatives even as Covid-19’s long-term impact is uncertain.

May 26, 2020
Chevron’s Future Earnings Under Heavy Pressure Amid Coronavirus Impacts, but CEO Optimistic Long Term

Chevron’s Future Earnings Under Heavy Pressure Amid Coronavirus Impacts, but CEO Optimistic Long Term

Continued strong production in the Permian Basin helped drive Chevron Corp.’s first quarter earnings higher. But the San Ramon, CA-based major said production would drop with planned curtailments, and it warned that distressed market conditions imposed by coronavirus fallout necessitated further budget cuts and could depress future earnings.

May 1, 2020
Chevron Cuts Capex by 20% and Phillips 66 Defers Projects

Chevron Cuts Capex by 20% and Phillips 66 Defers Projects

Capital spending cuts are coming across the energy spectrum, with Chevron Corp. and Schlumberger Ltd. among the latest to respond aggressively to the unprecedented downturn in the oil and gas industry.

March 24, 2020
Deluge of North American E&Ps, OFS Operators Slash Spending as Demand Crushed from Coronavirus

Deluge of North American E&Ps, OFS Operators Slash Spending as Demand Crushed from Coronavirus

Chevron Corp. led the way by oil and natural gas producers on Tuesday in announcing huge cuts to capital spending this year, with Marcellus Shale operator Antero Resources Inc. and Permian Basin-focused Laredo Petroleum Inc. also pulling back as the North American energy industry attempts to regroup amid a pandemic and an oil price war.

March 24, 2020

BHP Billiton High Bidder in GOM Lease Sale, but Auction Draws Little Interest Overall

Oil and natural gas prospects in the Gulf of Mexico (GOM) drew bids from 22 operators Wednesday in the latest federal lease sale, with deepwater blocks pulling the most interest.

March 18, 2020
Chevron Sees Renewables as Core to Upstream, Downstream Operations

Chevron Sees Renewables as Core to Upstream, Downstream Operations

Environmental and societal stewardship have been trending the last couple of months across the oil and natural gas industry, but Chevron Corp.’s executive team made clear Tuesday that those concepts already are deeply ingrained throughout the 45,000-member workforce.

March 3, 2020
‹ Previous 1 2 3 18