stories

Chevron Announces $100,000 for California Fire Relief Efforts

On November 6, 2019, Chevron announced a contribution of $100,000 from the Chevron Global Community Fund to the American Red Cross to support relief efforts for wildfires in California.

Chevron Reports Third Quarter Net Income of $2.6 Billion

Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.36 per share - diluted) for third quarter 2019, compared with $4.0 billion ($2.11 per share - diluted) in the third quarter 2018.

Chevron Announces 3Q 2019 Quarterly Dividend

The Board of Directors of Chevron Corporation declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share.

Chevron Sets New Greenhouse Gas Reduction Goals

Chevron Corporation (NYSE: CVX) has established new goals to reduce net greenhouse gas (GHG) emission intensity from upstream oil and natural gas.

Chevron Donates $500,000 After Severe Flooding to Help Teachers

In the aftermath of Tropical Storm Imelda, Chevron U.S.A. Inc. announced it will donate $500,000to help supportlocal public schools in select cities and neighborhoods of the Greater Houston area. The donation will be appliedto help fund eligible classroom projectsposted on DonorsChoose.org through Chevron’s Fuel Your School program.

Chevron Receives Freedom Award

Chevron Corporation (NYSE: CVX) last week announced it is among the 15 recipients of the 2019 Secretary of Defense Employer Support Freedom Award.

Chevron VP Presents Permian Performance Webcast at Barclays Conference

Jeff Gustavson, Vice President, Chevron North America Exploration & Production Mid-Continent Business Unit, will deliver a presentation to the Barclays 2019 CEO Energy – Power Conference Wednesday, September 4th, 2019 at 8:25 AM EDT. Gustavson will discuss Chevron’s performance in the Permian Basin in Texas and New Mexico.

Chevron Reports Second Quarter Net Income of $4.3 Billion

Chevron Corporation (NYSE: CVX) today reported earnings of $4.3 billion ($2.27 per share - diluted) for second quarter 2019, compared with $3.4 billion ($1.78 per share - diluted) in the second quarter of 2018.

Chevron Announces 2Q 2019 Quarterly Dividend

The Board of Directors of Chevron Corporation today declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share.

Ecuadorian Plaintiffs End Fraudulent Litigation Against Chevron

A group of Ecuadorian plaintiffs whose litigation against Chevron Corporation has been exposed as a fraud and bribery scheme by courts in the United States and elsewhere has ended its Canadian lawsuit against the company.

David Inchausti Named Corporate Vice President and Comptroller

Chevron Corporation (NYSE: CVX) today named David Inchausti as corporate vice president and comptroller effective June 16, 2019. Inchausti succeeds Jeanette Ourada, who has elected to leave the company.

Chevron Reports Business Results at Annual Stockholders Meeting

Chevron Corporation today provided an overview of the company’s 2018 operational performance and its future prospects at its 2019 Annual Meeting of Stockholders at its corporate headquarters in San Ramon, California.

Chevron Will Not Increase Offer to Acquire Anadarko

Chevron Corporation (NYSE: CVX) announced today that, under the terms of its previously announced Merger Agreement with Anadarko Petroleum Corporation (NYSE: APC), it will not make a counterproposal and will allow the four-day match period to expire.  Accordingly, Chevron anticipates that Anadarko will terminate the Merger Agreement.

Chevron Completes Acquisition of Pasadena Refining System, Inc.

Chevron announced on April 1, 2019, that it has completed the acquisition from Petrobras America Inc. of all the outstanding shares and equity interests of Pasadena Refining System, Inc. (PRSI) and PRSI Trading LLC for $350 million, excluding working capital.

Chevron Reports First Quarter Net Income of $2.6 Billion

Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion ($1.39 per share – diluted) for first quarter 2019, compared with $3.6 billion ($1.90 per share – diluted) in the first quarter of 2018. Foreign currency effects decreased earnings in the 2019 first quarter by $137 million.

Chevron Announces Quarterly Dividend

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share.  

Dutch Supreme Court Rules for Chevron in Ecuador Dispute

The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation, rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal in The Hague that ordered Ecuador to take all steps necessary to prevent enforcement of a $9.5 billion Ecuadorian judgment against Chevron anywhere in the world.

Chevron Announces Agreement to Acquire Anadarko

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11th, 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. The total enterprise value of the transaction is $50 billion. 

Fraudulent Ecuadorian Judgment is Unenforceable Against Chevron’s Canadian Subsidiary

The Supreme Court of Canada has rejected a request to review a decision of the Court of Appeal for Ontario that a $9.5 billion Ecuadorian judgment against Chevron Corporation cannot be enforced against Chevron Canada Limited, an indirect subsidiary.

Chevron Technology Ventures Launches $90 Million Fund VII

Chevron Technology Ventures LLC (CTV) today launched Fund VII, a new $90 million fund established to sustain Chevron’s continued venture capital investment across the energy industry. Investments from this newest fund are expected to target early- to mid-stage companies as well as limited partnership funds.

Chevron Outlines Strategy for Disciplined Growth and Higher Returns

At its annual Security Analyst Meeting today, Chevron Corporation (NYSE: CVX) announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years.

Chevron Partners with Catalyst to Advance Gender Equality

Chevron Corporation (NYSE:CVX) today announced a $5 million grant to Catalyst, a global nonprofit advancing workplace gender equality, in support of expanding the organization’s Men Advocating Real Change (MARC) program, which Chevron adopted in 2016.

Chevron Issues Update to Climate Report for Investors

Chevron Corporation today published an update to its March 2018 report describing the company’s approach to managing climate change risks and its resilience under a low carbon scenario. 

Chevron Announces Senior Leadership Appointments

Chevron Corporation (NYSE:CVX) today named Pierre Breber vice president and chief financial officer, effective April 1, 2019. Breber replaces Patricia Yarrington who has elected to retire after 38 years of extraordinary service with the company.

Chevron Reports Fourth Quarter Net Income of $3.7 Billion, Annual Earnings of $14.8 Billion

Chevron Corporation (NYSE: CVX) today reported earnings of $3.7 billion ($1.95 per share – diluted) for fourth quarter 2018, compared with $3.1 billion ($1.64 per share – diluted) in the fourth quarter of 2017, which included $2.02 billion in tax benefits related to U.S. tax reform. Included in the current quarter was an asset write-off totaling $270 million. Foreign currency effects increased earnings in the 2018 fourth quarter by $268 million.

Chevron Agrees with Petrobras to Buy Pasadena Refinery System for $350 Million

Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Texas, and PRSI Trading, LLC for $350 million, excluding working capital.

Increased Quarterly Dividend Announced (January 30, 2019)

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and nineteen cents ($1.19) per share, payable March 11, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 15, 2019.