Chevron Corp Stock Price, News & Analysis

Chevron Corporation (NYSE: CVX) has announced the appointment of John B. Hess to its Board of Directors. Hess, 71, previously served as CEO of Hess Corporation from 1995 to 2025 and as Chairman from 1995 to 2013, where he transformed the company from an integrated oil company into a focused global exploration and production company.

Hess brings significant industry experience and currently serves on various prestigious boards, including Goldman Sachs and the Center for Strategic and International Studies. He holds degrees from Harvard College and Harvard Business School, and has been actively involved in industry organizations including the American Petroleum Institute.

Chevron (NYSE: CVX) has completed its acquisition of Hess Corporation, creating a premier integrated oil & gas company. The strategic merger combines Chevron's existing portfolio with Hess' world-class assets, including a 30% stake in Guyana's Stabroek Block with over 11 billion barrels of oil equivalent discovered recoverable resource, 463,000 net acres in the Bakken, and complementary assets in the Gulf of America.

The transaction terms include 1.0250 Chevron shares for each Hess share, with Chevron issuing approximately 301 million shares of common stock. The company expects to achieve $1 billion in annual run-rate cost synergies by the end of 2025 and projects capital expenditures between $19-22 billion. Former Hess CEO John Hess is set to join Chevron's Board of Directors following FTC clearance.

Chevron (NYSE:CVX) has announced a $250,000 donation to support flood relief efforts in Central and West Texas, distributed among three community partners. The Community Foundation of the Texas Hill Country and Team Rubicon will each receive $100,000, while the Fuel Relief Fund will receive $50,000.

Additionally, Chevron is implementing a 2:1 employee match contribution program with a cap of $250,000, potentially tripling the impact of employee donations. The company, headquartered in Houston, maintains significant operations throughout Texas, including crude oil fields, a refinery, technical facilities, and pipeline assets.

Chevron Corporation (NYSE: CVX) has scheduled its second quarter 2025 earnings conference call for Friday, August 1, 2025, at 11:00 a.m. ET. The call will feature key executives including CEO Mike Wirth, Vice Chairman Mark Nelson, CFO Eimear Bonner, and Head of IR Jake Spiering.

Investors can access the call via phone (888-240-9352, Conference ID: 7352942) or through a live webcast on www.chevron.com. A replay will be available in the "Investors" section of the company's website following the presentation.

TerraVolta Resources and The Energy & Minerals Group have sold their equity interests in two subsidiaries to Chevron U.S.A. Inc. The transaction includes approximately 100,000 net acres of lithium-rich leasehold positions in east Texas and southwest Arkansas, marking Chevron's entry into the domestic lithium market. The deal represents Chevron's first step toward establishing a commercial-scale lithium business in the United States. The assets are located in the Smackover Formation, which TerraVolta has strategically developed over time. The acquisition aligns with the growing demand for domestic critical minerals and supports the development of an integrated lithium supply chain in the United States.

Chevron (NYSE: CVX) has announced its entry into the domestic lithium sector through the acquisition of two leasehold positions from TerraVolta Resources and East Texas Natural Resources, totaling approximately 125,000 net acres. The acreage spans Northeast Texas and Southwest Arkansas, targeting the lithium-rich Smackover Formation. This strategic move marks Chevron's first venture into establishing a commercial-scale domestic lithium business, utilizing direct lithium extraction (DLE) technology for more efficient and environmentally friendly production compared to traditional methods. The investment aims to strengthen U.S. energy security and meet growing demand for critical minerals, leveraging Chevron's expertise in subsurface resource development and value chain integration.

Chevron (CVX) and Halliburton (HAL) have jointly developed a groundbreaking intelligent hydraulic fracturing process in Colorado that implements closed-loop, feedback-driven completions. The system combines automated stage execution with real-time subsurface feedback to optimize wellbore energy delivery without human intervention. This advancement builds upon existing autonomous hydraulic fracturing technology, utilizing Halliburton's ZEUS IQ intelligent fracturing platform, which includes OCTIV auto frac and Sensori monitoring capabilities. The innovation enables operations to adapt in real-time to localized environments rather than relying on performance forecasting, potentially improving asset performance and operational efficiency. The technology integrates Chevron's hydraulic fracturing expertise with Halliburton's digital automation infrastructure to create an advanced decision-making algorithm.

Chevron (CVX) and Halliburton (HAL) have jointly developed a groundbreaking intelligent hydraulic fracturing process in Colorado that implements closed-loop, feedback-driven completions. The innovative system combines automated stage execution with subsurface feedback to optimize wellbore energy delivery without human intervention. The technology leverages Halliburton's ZEUS IQ intelligent fracturing platform, which includes OCTIV auto frac and Sensori monitoring capabilities, alongside Chevron's hydraulic fracturing expertise and subsurface knowledge. This advancement enables real-time adaptation to localized environments rather than relying on performance forecasting, marking a significant shift in hydraulic fracturing operations for shale and tight rock formations.

Chevron (NYSE: CVX) held its Annual Meeting of Stockholders, where shareholders demonstrated strong support for the company's governance and performance. Stockholders voted in favor of all Board nominees with 97% approval and supported management recommendations on all matters. Key voting results included 96% approval for PricewaterhouseCoopers as the independent auditor, 94% support for executive compensation, and 63% approval for officer exculpation amendment. Notably, shareholders rejected proposals for a human rights practices report (89% against), renewable energy stranded asset risks report (98% against), and allowing 10% stockholders to call special meetings (75% against). The meeting had strong participation with approximately 85% of outstanding shares represented.