stories

Chevron Issues Interim Update for Second Quarter 2009

Chevron Corporation (NYSE:CVX) today reported in its interim update that upstream earnings for the second quarter 2009 compared with the first quarter are expected to benefit from an increase in prices for crude oil, largely offset by substantial unfavorable foreign currency effects.

The Passing Of Chairman & CEO Harold J. Haynes

David J. O'Reilly, chairman and chief executive officer of Chevron Corporation (NYSE: CVX) commented today on the death of Harold J. "Bill" Haynes, the company's former chairman of the board and chief executive officer.

First Oil From Mafumeira Norte Field In Angola

Chevron Corporation (NYSE:CVX) announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located offshore Angola.

PNZ Steamflood Project Achieves Steam Injection

Chevron Corporation (NYSE: CVX) today announced that its subsidiary, Saudi Arabian Chevron (SAC), has achieved first steam injection at its Large Scale Pilot (LSP) steamflood project at the Wafra Field, an Eocene heavy-oil carbonate reservoir in the onshore Partitioned Neutral Zone (PNZ).

Chevron Receives GBC's Award for Business Excellence

Chevron Corporation (NYSE: CVX) will be recognized this evening by the Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria (GBC) for its longstanding commitment to fight the spread of HIV/AIDS, tuberculosis and malaria around the world.

First Oil Production From Frade Field In Brazil

Chevron Corporation (NYSE:CVX) announced today that its subsidiary Chevron Brasil Upstream Frade Ltda. has commenced crude oil production from the Frade Field, the company's first operated deepwater development in Brazil.

Another Record-Setting Year At Stockholders Meeting (May 28, 2009)

Record performance in 2008 helped enable Chevron Corporation (NYSE: CVX) to reward its investors, fund a robust capital program and position the company to capitalize on the increase in demand for energy that will come with the global economic recovery, attendees were told today at the company's 2009 Annual Meeting of Stockholders.

Chevron Confirms Discovery Offshore Congo

Chevron Corporation (NYSE:CVX) today confirmed a discovery within the Moho-Bilondo license in the Republic of the Congo.

Chevron Announces First Oil from Tahiti Field

Chevron Corporation (NYSE: CVX) has announced that it has started crude oil production from its Tahiti Field, the deepest producing field in the Gulf of Mexico.

Chevron Issues 2008 Corporate Responsibility Report

Chevron Corporation (NYSE: CVX) invested $160 million in communities around the world, posted record safety performance and completed major energy efficiency projects, according to the company's 2008 Corporate Responsibility Report, which was issued today.

Chevron $1.84 Bn 1Q Earnings, -64% from 1Q 2008

Chevron Corporation (NYSE: CVX) today reported earnings of $1.84 billion ($0.92 per share – diluted) for the first quarter 2009, compared with $5.17 billion ($2.48 per share – diluted) in the 2008 first quarter.

Expanded Proposal Decision On Gorgon Project

Chevron Corporation (NYSE:CVX) welcomes today's recommendation by the Western Australian Environmental Protection Authority's (EPA) that the revised and expanded Chevron-operated Gorgon Project could meet the EPA's environmental objectives.

Chevron Announces 2009 Quarterly Dividend

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of sixty-five cents ($0.65) per share.

Chevron Issues Interim Update for First Quarter 2009

Chevron Corporation (NYSE:CVX) today reported in its interim update that earnings for the first quarter 2009 are expected to be sharply lower than in the fourth quarter 2008.

Sale Of Fuels Marketing Business Finalized

Chevron Corporation (NYSE: CVX) today announced that two of its subsidiaries completed the sale and transfer of their fuels marketing business in Brazil to a subsidiary of Ultrapar Participações S.A.

Chevron Is Competitively Advantaged For Hard Times

Chevron Corporation (NYSE: CVX) is well positioned to deal with difficult market conditions given its strong balance sheet, numerous new growth projects coming onstream and a disciplined approach to cost management, executives said today at the company's annual meeting with financial analysts in New York.

Chevron Names John Watson Vice Chairman in 2009

Chevron Corporation (NYSE:CVX) announced today that Chevron Vice Chairman Peter J. Robertson will retire from the company and its board after more than 35 years of distinguished company service.

Successful Field Appraisal Program In Australia

Chevron Corporation (NYSE: CVX) today announced the successful results of a seven-well exploration and appraisal program for the Wheatstone and Iago fields in northwest Australia.

Sustainable Energy Efficiency Center In Qatar

Chevron Corporation (NYSE:CVX) announced today plans to commit $20 million over five years to form a partnership with the Qatar Science & Technology Park (QSTP) in Doha and establish a center of excellence in renewable power and energy efficiency.

New Misconduct Marring Trial In Ecuador

Chevron Corporation (NYSE: CVX) has asked an Ecuador judge to discard a court-requested assessment of current environmental conditions in Ecuador's Amazon, as a result of fraud, gross errors and conflict of interest.

Deepwater Oil Discovery in Gulf of Mexico (February 5, 2009)

Chevron Corporation (NYSE: CVX) today announced a new deepwater oil discovery at the Buckskin prospect located in the deepwater U.S. Gulf of Mexico.

Chevron Reports Fourth Quarter Net Income Of $4.9 Bn

Chevron Corporation (NYSE: CVX) today reported net income of $4.90 billion ($2.44 per share - diluted) for the fourth quarter 2008, up from $4.88 billion ($2.32 per share - diluted) in the year-ago period.

$22.8 Billion Capital & Exploratory Budget 2009

Chevron Corporation (NYSE: CVX) today announced a $22.8 billion capital and exploratory spending program for 2009, unchanged from the level of expenditures in 2008.

Chevron Announces 4Q 2008 Quarterly Dividend Today

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of ($0.65) cents per share.

Chair Endowment In Energy Efficiency At UC Davis

Chevron Corporation (NYSE: CVX) today announced a $2.5 million endowment for a permanent chair to head the Energy Efficiency Center (EEC) at the University of California, Davis (UC Davis).

Chevron President Honored by the Prestigious RGIPT

Jeet Bindra, president of Chevron Global Manufacturing, was recently appointed Distinguished Honorary Professor at the Rajiv Gandhi Institute of Petroleum Technology (RGIPT), at Jais, Dist. Rae Bareli.

Chevron Issues Interim Update for Fourth Quarter 2008

Chevron Corporation (NYSE:CVX) today reported in its interim update that earnings for the fourth quarter 2008 are expected to be significantly lower than in the 2008 third quarter.