Chevron Corp Stock Price, News & Analysis

Raven SR, Chevron, and Hyzon Motors are collaborating to establish a green waste-to-hydrogen production facility in Richmond, California, set to launch commercial operations in Q1 2024. The facility will convert up to 99 tons of organic waste daily into renewable hydrogen, producing 2,400 metric-tons annually, significantly reducing CO2 emissions. Chevron will market the hydrogen for transportation in Northern California, supporting the transition to zero-emission vehicles. The project emphasizes sustainability by minimizing water use and reducing reliance on grid electricity.

Chevron Corporation (NYSE: CVX) will host its quarterly earnings conference call on January 27, 2023, at 11:00 a.m. ET. Key speakers include Mike Wirth, Pierre Breber, and Roderick Green. Investors can dial in at 888-256-9157 or access the live webcast at www.chevron.com. Chevron, a leading integrated energy company, emphasizes the importance of reliable and cleaner energy solutions for a prosperous future.

Chevron Corporation (NYSE: CVX) has completed its acquisition of full ownership of Beyond6, LLC, enhancing its nationwide network of compressed natural gas stations. The deal, finalized with Mercuria Energy Trading and Beyond6 founder Andrew West, underscores Chevron's commitment to expanding its presence in the alternative energy sector.

This acquisition positions Chevron to better serve the growing demand for cleaner energy solutions while aligning with its strategy of increasing lower carbon businesses.

Chevron, through its New Energies division, has led a $318 million Series E fundraising round for Svante, aimed at accelerating carbon capture technology manufacturing. This investment supports Svante’s new filter manufacturing facility in Vancouver, designed to capture millions of tonnes of CO2 annually. Chevron's commitment to lower carbon initiatives includes a $10 billion investment plan in sustainable projects by 2028. The collaboration aims to address barriers in industrial carbon capture, enhancing Svante's capabilities in diverse sectors such as cement and steel.

Chevron Corporation (NYSE: CVX) has announced a joint venture with Baseload Capital to develop geothermal projects in the United States. This collaboration aims to identify viable geothermal prospects and advance next-generation geothermal technologies. The first project is located in Weepah Hills, Nevada, building on previous geothermal research. Chevron aims to leverage its oil and gas expertise to drive the geothermal energy sector as a sustainable power source. The partnership seeks to contribute to a lower carbon future by integrating geothermal energy into the renewable energy mix.

Chevron Corporation has announced its 2023 capital expenditure budgets totaling $14 billion for consolidated subsidiaries and $3 billion for equity affiliates. This represents a 25% increase from 2022. The budget includes $2 billion allocated to lower carbon initiatives, more than double last year's amount. Chevron's plans align with its goal to enhance returns while investing in both traditional and renewable energy sources, despite expected mid-single-digit cost inflation.

Chevron Corporation (NYSE: CVX) announced a definitive agreement to acquire full ownership of Beyond6, LLC, which includes a network of 55 compressed natural gas stations across the U.S., from Mercuria Energy Trading and B6 CEO Andrew West. This acquisition strengthens Chevron's position in renewable natural gas (RNG) and complements its traditional energy offerings. A long-term supply relationship will also be established between Chevron and Mercuria for delivering RNG. The transaction is subject to customary closing conditions.

Pertamina Power Indonesia, Keppel Infrastructure, and Chevron (CVX) have signed a Joint Study Agreement (JSA) to explore green hydrogen and ammonia projects in Sumatera, Indonesia. This initiative aims to harness geothermal energy to potentially produce 40,000 to 160,000 tonnes of green hydrogen annually. The JSA aligns with Indonesia's net-zero emissions goal by 2060, leveraging the country's significant geothermal resources. The collaboration underscores the companies' commitment to sustainable energy solutions and Indonesia's role in the lower carbon energy transition.

Chevron Corporation (NYSE: CVX) and Mitsui O.S.K. Lines (MOL) have signed a Joint Study Agreement (JSA) to evaluate transporting liquified carbon dioxide (CO₂) from Singapore to permanent storage in offshore Australia.

The JSA aims to assess the feasibility of transporting up to 2.5 million tonnes per annum of CO₂ by 2030. This partnership aligns with Chevron's commitment to advancing carbon capture, utilization, and storage solutions while supporting regional net-zero goals.