Chevron Corporation reports news across its integrated energy operations, including crude oil and natural gas production, refining, transportation fuels, lubricants, petrochemicals, additives, and energy technologies. Company updates commonly cover quarterly earnings, cash flow, shareholder returns, upstream production volumes, downstream refining throughput, commodity-price effects, legal reserves, and operating conditions across its global asset base.
Chevron news also reflects governance and capital-structure topics, material agreements, and strategy around growing oil and gas, lowering the carbon intensity of operations, and developing new energies businesses.
Chevron (CVX) signed definitive agreements with Hess Midstream (HESM) to divest ownership interests and DJ Basin crude oil midstream assets. Chevron will transfer its Hess Midstream ownership interests and general partner position for improved commercial terms and $200 million in cash. The agreements extend Bakken contracts and establish new DJ Basin contracts.
Chevron expects approximately 50% lower Bakken unit midstream costs, full deconsolidation of Hess Midstream, including approximately $3.7 billion of its debt, and a 0.5% absolute increase in return on capital employed. At closing, an estimated approximately $3–$4 billion after-tax loss is expected because future Bakken cost savings cannot be recognized as an asset. The independent Conflicts Committee approved the transaction. Closing is expected by year-end 2026, subject to regulatory approvals and customary conditions.
Chevron (CVX) announced senior leadership changes effective January 1, 2027, including the appointment of a new chief financial officer.
Jeff Gustavson moves from president of New Energies to CFO. Current CFO Eimear Bonner becomes president of Oil, Products & Gas. Mark Nelson remains vice chairman, with responsibility for Strategy and Business Development. Brent Gros moves from president of Offshore to president of New Energies and will also oversee Chevron’s AI strategy.
Chevron (NYSE: CVX) will hold its third-quarter 2026 earnings conference call on October 30, 2026, at 11:00 a.m. ET.
Speakers include Mike Wirth, Mark Nelson, Eimear Bonner and Jeanine Wai. The live webcast will be accessible at www.chevron.com, with a replay available in the website’s Investors section.
Chevron (CVX) announced new agreements with Venezuela that update terms for its joint ventures, add acreage in the Orinoco Belt, and support a planned investment of over $7 billion in the next five years.
The company targets more than doubling Venezuelan production to approximately 600,000 barrels per day compared with 2026 levels, with total costs stated at less than $20 per barrel. Chevron’s Petroindependencia joint venture, where a subsidiary holds a 49% interest, received rights to develop the Carabobo 1 and Carabobo-2-South-A areas. Together with Ayacucho 8, these greenfield sites expand its extra‑heavy oil portfolio, which has delivered 15% production growth year-to-date across three joint ventures.
Chevron (NYSE: CVX) announced that CFO Eimear Bonner will take part in a fireside chat and Q&A at the Barclays 40th Annual Energy-Power Conference on Tuesday, September 8, 2026, at 12:40 PM ET. A live webcast and replay will be available on Chevron’s investor website.
Chevron (NYSE: CVX), through subsidiary Cabinda Gulf Oil Company (CABGOC), announced an oil and gas condensate discovery at the 105-4X exploration well in Block 0 offshore Angola. The well in the Lower Congo Basin encountered a hydrocarbon column of more than 600 meters in the primary Pinda reservoir, including over 90 meters of net pay in what Chevron describes as excellent reservoir quality.
The company plans to assess potential development as a tie-back to existing nearby facilities to pursue a capital-efficient route to production. CABGOC operates Block 0 with a 39.2% working interest alongside Sonangol E&P (41%), TotalEnergies (10%) and Azule Energy (9.8%). Chevron links this discovery to its wider Sub-Saharan Africa exploration strategy, highlighting around 300 thousand barrels of oil equivalent per day net production in the region, recent acreage additions and multiple near-field exploration successes in Nigeria, Guinea-Bissau, Equatorial Guinea and other Angolan blocks.
Chevron (NYSE: CVX) announced that Uriel "Ose" Oseguera has been elected Treasurer, effective November 1, 2026, succeeding Navin Mahajan, who will retire after nearly 30 years with the company.
Oseguera will lead treasury functions including capital markets, corporate finance, insurance, credit and risk management, reporting to CFO Eimear Bonner.
Texas Pacific Land (NYSE: TPL) reported record second quarter 2026 results, with consolidated revenues of $246.1 million, net income of $153.9 million ($2.23 diluted EPS), adjusted EBITDA of $215.6 million, and free cash flow of $155.5 million. Oil and gas royalty production averaged 39.7 thousand Boe/d, supported by an average realized price of $42.17/Boe. Water Services and Operations revenue was $82.2 million, including produced water royalties of $37.1 million on 4.9 million bbl/d in volumes. Land and Resource Management revenue reached $163.9 million. For the first half of 2026, TPL generated revenues of $482.9 million, net income of $296.8 million ($4.30 diluted EPS), and free cash flow of $291.9 million. The company announced a quarterly dividend of $0.60 per share, a $110.2 million land acquisition program tied to data center and power projects, and an agreement with a Chevron subsidiary to supply land and brackish water for Project Kilby in Reeves County, Texas.
Chevron (NYSE:CVX), through Chevron Products Company, announced an expansion of its North American base oils distribution network via new and revised agreements with HF Sinclair Lubricants & Specialties and Renkert Oil. Effective May 1, 2027, HF Sinclair becomes Chevron's exclusive distributor of Group II base oils in Canada and its existing U.S. territories, with additional non-exclusive rights in select U.S. regions. Renkert Oil will continue distributing specified process oils and base oils across the U.S., Canada and Europe, maintaining broad coverage and technical support for lubricant and process oil customers.
Chevron (NYSE: CVX) reported second quarter 2026 earnings of $12.1 billion ($6.11 diluted EPS) and adjusted earnings of $12.0 billion ($6.06 diluted EPS). Return on capital employed was 21.4%, and cash flow from operations reached $22.6 billion, with free cash flow of $18.1 billion.
Net oil‑equivalent production averaged 4,070 MBOED, up 20% year over year, driven by legacy Hess assets and growth in the Permian Basin and Gulf of America. U.S. refinery crude unit inputs hit a record 1.07 million barrels per day with 97% utilization. Chevron reduced total debt by a record $8.4 billion, achieved $1.5 billion of Hess-related annual run-rate synergies and $3 billion of structural cost reductions since 2024. The company signed a 20‑year agreement to supply 2.67 gigawatts of behind‑the‑meter power to a Microsoft data center in West Texas and declared a quarterly dividend of $1.78 per share, payable September 10, 2026.