stories

Chevron Enters Into Agreement With Kosmos Energy

Chevron Corporation (NYSE: CVX) announced that its wholly owned subsidiary Chevron Global Energy Inc. will be assigned a 50 percent working interest in Blocks 42 and 45 offshore Suriname through an agreement with Kosmos Energy.

Chevron Completes Relief Well Offshore Nigeria

Chevron Corporation said that its subsidiary, Chevron Nigeria Limited (CNL), has sealed and abandoned the shallow water Funiwa 1A natural gas well after completing the drilling of a relief well.

Equity & Additional LNG Sales Agreements

Chevron Corporation announced that its Australian subsidiaries have signed additional binding agreements with Tokyo Electric Power Company for liquefied natural gas.

New York Court Upholds Chevron RICO Complaint

The Southern District of New York today issued an order upholding Chevron's complaint for racketeering, fraud, conspiracy and New York Judiciary Law 487, which provides for civil damages against an attorney who engages in deceit or collusion...

Chevron, Tohoku Sign Agreement for Wheatstone LNG

Company announces that its Australian subsidiaries have signed a non-binding Heads of Agreement to deliver up to 1 million tons per annum of Wheatstone LNG to Tohoku Electric Power Co. for up to 20 years.

Chevron Issues 2011 Corporate Responsibility Report

Chevron Corporation achieved one of the best safety records in the industry, reduced flaring and venting in its operations by 33 percent compared with 2003 levels, invested $209 million in communities where it operates, and spent more than $2.1 billion on goods and services from small U.S. businesses, according to the company’s 2011 Corporate Responsibility Report.

Chevron Starts Operations on Next-Gen Drillship in Gulf

Chevron Corporation announced that the Pacific Santa Ana, a deepwater drillship built to Chevron’s specifications, has arrived in the Gulf of Mexico to work for Chevron under a five-year contract with a subsidiary of Pacific Drilling S.A. Pacific Santa Ana is the first drillship designed with the capacity to perform dual gradient drilling (DGD).

Chevron Net Income Up From Q1 In 2011

Chevron Corporation today reported earnings of $6.5 billion ($3.27 per share – diluted) for the first quarter 2012, compared with $6.2 billion ($3.09 per share – diluted) in the 2011 first quarter.

Chevron Announces 11.1% Increase in Q Dividend

The Board of Directors of Chevron Corporation today declared a quarterly dividend of ninety cents per share, payable June 11, 2012, to holders of common stock as shown on the transfer records of the Corporation at the close of business on May 18, 2012.

Chevron and Chubu Sign Wheatstone LNG Agreement

Chevron Corporation today announced that its Australian subsidiaries have signed a non-binding Heads of Agreement with Chubu Electric Power Company Incorporated for the delivery of liquefied natural gas from the Chevron-operated Wheatstone natural gas project in Australia.

Chevron Issues Interim Update for First Quarter 2012

Chevron Corporation today reported in its interim update that earnings for the first quarter 2012 are expected to be higher than fourth quarter 2011.

Charles Moorman Nominated To Board Of Directors

Chevron Corporation announced that Charles W. “Wick” Moorman has been nominated for election to Chevron's board of directors.

Temporary Suspension Of Operations At Frade Field

Chevron Corporation announced today that its subsidiary Chevron Brasil Upstream Frade Ltda. has requested authorization for a temporary suspension of field production operations at the Frade Field in the Campos Basin in Brazil.

20% Production Growth Target By 2017

Chevron Corporation is delivering strong financial results and progressing the projects that will drive the next significant growth phase, executives said today at the company’s annual security analyst meeting in New York.

Judge Who Ruled Against Chevron Removed From Bench

Chevron Corporation today renewed its request of authorities in Ecuador to investigate the overwhelming evidence of fraud tainting the Lago Agrio lawsuit after the Associated Press and Ecuador’s El Universo newspaper revealed that Nicolás Zambrano, the judge who issued the $18.2 billion judgment against Chevron, has been dismissed from the bench due to his complicity in an emerging story of court corruption and drug trafficking in Ecuador.

Tribunal Determines Ecuador Arbitration

Chevron Corporation today announced that an international arbitration tribunal, convened under the authority of the U.S.-Ecuador Bilateral Investment Treaty and administered by the Permanent Court of Arbitration at The Hague, ruled that it has jurisdiction to hear Chevron’s claims against the Republic of Ecuador.

Chevron Confirms Production from Usan Deepwater Field

Chevron Corporation through its Nigerian subsidiary Chevron Nigeria Limited today confirmed first production from the deepwater offshore Usan project in Nigeria.

Drilling of Relief Well Commences Offshore Nigeria

Chevron Nigeria Limited has begun the process of drilling a relief well to seal the Funiwa 1A natural gas well. The relief well is being drilled to extinguish a fire that began Jan. 16 at the original well, approximately six miles (10 km) off the coast of Nigeria. No oil was spilled or has flowed from this natural gas well.

Chevron Provides Tengiz Field Growth Project Details

Chevron Corporation today reports that its affiliate Tengizchevroil LLP expects to enter front-end engineering and design in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.

Chevron Net Income Down From Q4 In 2010

Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter.

Chevron Announces First Quarter Dividend of 81 Cents

The Board of Directors of Chevron Corporation today declared a quarterly dividend of eighty-one cents ($0.81) per share, payable March 12, 2012, to holders of common stock as shown on the transfer records of the Corporation at the close of business on February 17, 2012.

Chevron Appeals Illegitimate Ruling in Ecuador

Chevron Corporation today announced that it has filed an appeal seeking review by Ecuador’s National Court of Justice of the adverse appellate judgment issued against the company in early 2012 by a panel of three temporary judges in the environmental lawsuit in Ecuador.

Natural Gas Discovery Offshore Australia 2012

Chevron Corp. today announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.

Chevron Suspends Search & Rescue Efforts

Chevron Corporation said that its subsidiary, Chevron Nigeria Limited (CNL), has called off the search and rescue activities for two contractors who were missing after Monday’s fire aboard the K.S. Endeavor, a drilling rig offshore Nigeria operated by FODE Drilling Nigeria Limited.

Chevron Provides Update on Rig Incident Offshore Nigeria

Chevron Corporation said that an extensive search and rescue effort continues for two contractors who remain missing after yesterday’s fire aboard the K.S. Endeavor, a drilling rig offshore Nigeria operated by FODE Drilling Nigeria Limited.

Chevron Confirms Fire Incident on Rig Offshore Nigeria

Chevron Corporation reports that its subsidiary, Chevron Nigeria Limited, is working to contain a fire that ignited early this morning aboard the K.S. Endeavor, a drilling rig offshore Nigeria operated by FODE Drilling Nigeria Limited.

Chevron Issues Interim Update for Fourth Quarter 2011

Chevron Corporation (NYSE: CVX) today reported in its interim update that earnings for the fourth quarter 2011 are expected to be significantly below third quarter 2011 results.

Illegitimate Decision By Ecuador Appellate Court

SAN RAMON, Calif., January 3, 2012 – Chevron Corporation (NYSE: CVX) today announced there has been an adverse ruling by the panel of three temporary judges presiding over appellate proceedings in the Provincial Court of Justice of Sucumbíos in Lago Agrio, Ecuador in an environmental lawsuit involving Texaco Petroleum Company, upholding a lower court’s ruling from February 2011.