stories

First Chevron Gorgon LNG Cargo Departs for Japan

Chevron Corporation today announced that its first shipment of liquefied natural gas from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia.

Chevron names Mark A. Nelson VP of Strategic Planning

Chevron Corporation (NYSE: CVX) today named Mark A. Nelson corporate vice president of Strategic Planning, effective April 1, 2016.

Chevron Affirms Production Growth; Spending Cuts

Chevron Corporation (NYSE: CVX) hosted its annual security analyst meeting in New York where executives reiterated priorities, expressed confidence in the company’s near term outlook and emphasized an advantaged position when markets rebound.

Chevron Achieves First LNG Production at Gorgon

Chevron Corporation (NYSE: CVX) today announced it has started producing liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia.

Stephen W. Green to lead Asia Pacific Production

Chevron Corporation (NYSE: CVX) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016.

Chevron Reports -$588 MM 4Q, 2015 Earnings of $4.6 Bn

First Gas From The Chuandongbei Project

Chuandongbei is one of the largest onshore gas projects developed by an international oil company and a national oil company in China. 

Chevron Corp. Statement on Dutch Court Decision on Arbitral Awards

The District Court of The Hague has ruled in favor of Chevron Corp., rejecting an attempt by the Republic of Ecuador to nullify, or set aside, several arbitral awards rendered against Ecuador by an international arbitration tribunal that is hearing the company’s claims related to the fraudulent lawsuit against Chevron.

Chevron and ENN Sign HoA Gorgon LNG Agreement

Chevron signs a non-binding Heads of Agreement with ENN LNG Trading Company Limited for the delivery of liquefied natural gas to China.

Signing HOA For Long Term LNG Supply

The company announced that it has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement with China Huadian Green Energy Co., Ltd. When the agreement is finalized, China Huadian Green Energy is expected to receive up to 1 million metric tons per annum of LNG over 10 years starting in 2020.

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.

$26.6 Billion Capital & Exploratory Budget 2016

Chevron Corporation today announced a $26.6 billion capital and exploratory investment program for 2016.

2015's Fuel Your School Program Helps Students

Chevron U.S.A. Inc. announced today that its 2015 Fuel Your School program generated more than $8.8 million to help fund 10,126 classroom projects.

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 Third Quarter Net Income of $2.0 Billion

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.

Anchor Discovery Well Appraisal Results

Chevron announced today the successful appraisal of the Anchor discovery in the Lower Tertiary Wilcox Trend.

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.

Chevron Announces Q2 2015 Quarterly Dividend Today

Chevron Announces Quarterly Dividend (July 29, 2015)

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.

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.

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.

Inge G. Thulin Elected to Chevron Board of Directors

Chevron Corporation announced that Inge G. Thulin has been elected to Chevron’s board of directors effective Jan. 28, 2015. He will serve on the company’s Board Nominating and Governance Committee and Management Compensation Committee.

Signing The Gorgon LNG Supply Agreement

Chevron Corporation (NYSE: CVX) today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.

Alexander B. Cummings Jr. Elected to Chevron BOD

San Ramon, Calif., Dec. 10, 2014 – Chevron Corporation (NYSE: CVX) announced that Alexander B. Cummings Jr. has been elected to Chevron’s board of directors, and he will serve on the company’s Audit Committee.

Mary Francis Named Corp. Secretary & Chief Gov. Officer

SAN RAMON, Calif., Oct. 9, 2014 – Chevron Corporation (NYSE: CVX) today named Mary A. Francis corporate secretary and chief governance officer effective May 1, 2015.

Rhonda I. Zygocki Retires; Reporting Assignments

Chevron Corporation (NYSE: CVX) announced today that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives.