stories

First Deepwater Development From Moho Bilondo

Chevron Corporation (NYSE: CVX) confirmed today that its subsidiary, Chevron Overseas (Congo) Limited, and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore the Republic of Congo.

1st Production From Lianzi Development Offshore

Chevron Corporation announces Chevron Overseas (Congo) Limited has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.

Chevron Reports Q3 2015 Net Income of $2 Bn

Chevron Corporation today reported earnings of $2.0 billion ($1.09 per share – diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share – diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier.

Chevron Announces Q3 2015 Quarterly Dividend Today

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable December 10, 2015, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2015.

Chevron Announces Senior Management Changes 2016

Chevron Corporation announced today that two of its top executives will assume new roles effective Jan. 1, 2016.

H5 Settles With Chevron Over Ecuadorian Lawsuit

Chevron Corporation has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn its support from the litigation against Chevron in Ecuador and has assigned its 1.25 percent interest in the $9.5 billion Ecuadorian judgment to Chevron.

2015's Fuel Your School Raises $8 Million

Chevron U.S.A. Inc. (NYSE: CVX) today announced the launch of its 2015 Fuel Your School program, an innovative collaboration with DonorsChoose.org to support public education in 21 U.S. communities, with the help of local Chevron and Texaco marketers in five markets.

Chevron Reports Second Quarter Net Income of $571 MM

Chevron Corporation (NYSE: CVX) today reported earnings of $571 million ($0.30 per share – diluted) for second quarter 2015, compared with earnings of $5.7 billion ($2.98 per share – diluted) in the 2014 second quarter.

Moving Gulf Of Mexico Platform To Sheltered Waters

Chevron Corporation today advised that the Big Foot tension-leg platform (TLP) will be moved to sheltered waters from its location in the deepwater U.S. Gulf of Mexico following damage to subsea installation tendons.

Chevron Highlights 2014 Performance and Future Growth

Chevron Corporation today provided an overview of the company’s 2014 operational and social performance and how the company is managing through current market conditions at its 2015 Annual Meeting of Stockholders in San Ramon, California.

Key Funder of Fraudulent Ecuador Litigation Withdraws

Chevron Corporation has reached a settlement agreement with Woodsford Litigation Funding Limited, a U.K.-based litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against Chevron in Ecuador.

Chevron Reports First Quarter Net Income of $2.6 Billion

Chevron Corporation today reported earnings of $2.6 billion ($1.37 per share – diluted) for first quarter 2015, compared with $4.5 billion ($2.36 per share – diluted) in the 2014 first quarter. Foreign currency effects increased earnings in the 2015 quarter by $580 million, compared with a decrease of $79 million a year earlier.

Chevron Announces 1Q 2015 Quarterly Dividend Today

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable June 10, 2015, to holders of common stock as shown on the transfer records of the Corporation at the close of business on May 19, 2015.

$30 Million Thailand Partnership Initiative

Chevron Thailand Exploration and Production, Ltd., announces a $30 million commitment to create the Thailand Partnership Initiative, a five-year program to strengthen Thailand’s competiveness and innovation by improving science, technology, engineering and mathematics education and vocational education across the country.

Executive VP, George Kirkland, Retiring

Company confirms that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company and that he will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream.

Finalized Sale Of Interest In Caltex Australia

Chevron Corporation today announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares in Caltex Australia Limited (CAL) at a share price of AUD$35.00.

Sale Of Interest In Caltex Australia Ltd

San Ramon, Calif., March 26, 2015 – Chevron Corporation’s (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Australia Limited (CAL).

Chevron Subsidiary Signs Contract in Myanmar

MYANMAR, Mar 24, 2015 – Chevron Corporation announced today that its subsidiary, Unocal Myanmar Offshore Co., Ltd., has entered into a Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE), the national oil and gas company, to explore for oil and gas in the Rakhine Basin.

Chevron Reaffirms Strategies, Financial Priorities and Growth Outlook

NEW YORK, N.Y., March 10, 2015 – Chevron Corporation (NYSE: CVX) executives, at the company’s annual security analyst meeting in New York, expressed confidence in the long-term energy business and highlighted its growth outlook through 2017. At the same time, company executives outlined near-term actions to address the recent decline in commodity prices.

Financial Backer Of Ecuador Litigation Settles

Chevron Corporation has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador.

Chevron Acquires Exploration Interests in Mauritania

San Ramon, Calif., Feb. 4, 2015 – Chevron Corporation today announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 percent non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy. The transaction is subject to the approval of Mauritania’s government.

Jeanette Ourada Named Corporate VP & Comptroller

Chevron Corporation (NYSE: CVX) today named Jeanette L. Ourada as corporate vice president and comptroller effective April 1. Ourada succeeds Matthew J. Foehr, who will retire from the company March 31 after 33 years of outstanding service.

Chevron Reports $3.5 Bn 4Q Earnings $19.2 Bn 2014

30 Jan 2015 – Chevron Corporation today reported earnings of $3.5 billion ($1.85 per share – diluted) for fourth quarter 2014, compared with $4.9 billion ($2.57 per share – diluted) in the 2013 fourth quarter. Foreign currency effects increased earnings in the 2014 quarter by $432 million, compared with an increase of $202 million a year earlier.

$35.0 Billion Capital & Exploratory Budget 2015

Chevron Corporation today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. The 2015 budget is 13% lower than total investments for 2014.

Chevron Announces 4Q 2014 Quarterly Dividend Today

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share.

Chevron Acquired Gulf of Mexico Deepwater Acreage

Chevron Corporation today announced its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator.