stories

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.

Black-Chested Buzzard Eagles of South America

Chevron has teamed up with a local Argentinian wildlife biologist to help preserve the nesting habitats of the Black Chested Buzzard Eagle of South America.

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 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.

Microsoft HoloLens Makes Virtual Teleportation a Reality

Our business units are using HoloLens, the first fully self-contained holographic computer, to troubleshoot problems by using the Remote Assist functionality, which connects field personnel with remote subject experts.

Chevron Announces Leadership Changes

Chevron Corporation today named Navin Mahajan vice president and treasurer, effective February 1, 2019.

World AIDS Day 2018: Together We Are Stronger

Chevron celebrates World AIDS Day 2018 by reflecting on our long-term commitment fighting HIV/AIDS around the world.

Chevron Announces First Oil from Big Foot Project in the Deepwater Gulf of Mexico

Chevron Corporation (NYSE:CVX) today announced thatthe Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production.

Chevron Announces $1 Million for California Fire Relief Efforts

Chevron today announced a contribution of $1 million from the Chevron Global Community Fund to the American Red Cross in support of relief efforts for wildfires in Northern and Southern California.

Chevron Reports Third Quarter Net Income of $4.0 Billion

Chevron Corporation today reported earnings of $4.0 billion ($2.11 per share – diluted) for third quarter 2018, compared with $2.0 billion ($1.03 per share – diluted) in the third quarter of 2017.

Chevron Announces 3Q 2018 Quarterly Dividend

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twelve cents ($1.12) per share.

Wild Files: Whooping Cranes of Louisiana

Six decades after the last whooping crane was seen in Louisiana, the state’s Department of Wildlife & Fisheries (LDWF) began a program to reintroduce this endangered species and generate a self-sustaining population in the wild.

Chevron Announces $500,000 Contribution for Hurricane Relief

On October 16, 2018, Chevron announced a contribution of $500,000 from the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Michael.

10 out of 10 for Fab Lab Opening in Houston, TX

Chevron celebrates the opening of our second Chevron-supported Fab Lab in Texas and the final of our 10 openings across the United States.

2018's Fuel Your School Program Supports Teachers

Chevron announced the launch of its 2018 Fuel Your School program, making up to $6 million available to help support public school teachers and students in 17 U.S. communities, with the help of local Chevron and Texaco marketers and retailers in 7 of those communities.

Wild Files: Protecting Marine Life at Maratua

To protect Maratua’s marine biodiversity and diving ecotourism, Chevron has teamed up with the KEHATI Foundation and local government agencies to form (MESSI).

International Tribunal Rules for Chevron in Ecuador Case

An international tribunal administered by the Permanent Court of Arbitration in The Hague has issued an award in favor of Chevron and its indirect subsidiary, Texaco Petroleum Company, finding that the Republic of Ecuador violated its obligations under international treaties, investment agreements and international law.