Chevron Corp Stock Price, News & Analysis

Chevron Corporation (NYSE: CVX) will conduct its quarterly earnings conference call on October 28, 2022, at 11:00 a.m. ET. Key speakers include Mike Wirth, CEO; Pierre Breber, CFO; and Roderick Green, Investor Relations GM. The call will be accessible via dial-in at 877-502-9276, Conference ID: 9382025, or through a live webcast on Chevron's website. The replay will also be available under the Investors section.

Chevron Corporation (NYSE: CVX) has successfully completed its first shipment of offset-paired liquefied natural gas (LNG) from the Gorgon Project in Western Australia. This cargo emphasizes Chevron's commitment to achieving net-zero emissions through fully offset greenhouse gas emissions using certified nature-based and energy efficiency offsets in Cambodia, Indonesia, and Nepal. John Kuehn, President of Chevron Supply and Trading, highlighted this milestone as part of Chevron's strategy for lower carbon energy solutions and building stronger relationships, particularly with CPC Corporation in Taiwan.

FreeWire Technologies has launched a program to supply battery-integrated electric vehicle (EV) charging equipment at Chevron-branded stations. This initiative includes both company-owned and independently operated locations. The Boost Charger technology offers 200 miles of range in just 15 minutes, enhancing customer offerings and relationships with EV drivers. Chevron plans to invest billions in lower-carbon projects over the next decade, aiming to expand its energy portfolio. This collaboration marks a significant step in Chevron's strategy to integrate EV solutions into its retail network.

Chevron has entered a Joint Collaboration Agreement with Mitsui Oil Exploration Co. to explore advanced geothermal power generation in Japan. This collaboration aims to assess the technical and commercial feasibility of Advanced Closed Loop (ACL) technology, which could unlock a broader range of geothermal resources beyond conventional methods. Executives from both companies emphasize their commitment to delivering lower carbon energy solutions and exploiting Japan's geothermal potential while expanding globally.

Chevron has joined forces with Air Liquide, Keppel Infrastructure, and PetroChina to establish a consortium for advancing carbon capture, utilization, and sequestration (CCUS) solutions in Singapore. The initiative aims to develop integrated infrastructure to capture CO₂ from industrial emitters and store it securely. By leveraging collaborative technology, the consortium seeks to support the energy and chemicals sector while contributing to Singapore's net-zero carbon objective by 2050. Chevron emphasizes its commitment to lower carbon futures through strategic partnerships and innovative technology.

Chevron Corporation (NYSE: CVX) has secured greenhouse gas assessment permits in three offshore areas in Australia through its affiliate, Chevron Australia Pty Ltd. These blocks span over 31,500 km², exceeding the size of Belgium and located in the Carnarvon and Bonaparte Basins. This initiative supports Chevron's commitment to advancing carbon capture and storage (CCUS) in alignment with global net-zero goals. The company aims to enhance its operational efficiency while contributing positively to environmental efforts in the region.

Chevron Corporation (NYSE: CVX) announced the launch of the Chevron Exchange Q&A Series, starting with a virtual fireside chat featuring CFO Pierre Breber on September 15, 2022. This initiative, in partnership with Say Technologies, aims to enhance investor engagement by allowing verified retail shareholders to submit and upvote questions for management. The event will address key topics concerning Chevron's strategy, business, and financial performance. The Q&A platform will remain open until 48 hours prior to the event.

Chevron Corporation (NYSE: CVX) will participate in the Barclays CEO Energy-Power Conference on September 7, 2022, at 8:00 AM ET. CEO Mike Wirth will address the company's strategy focusing on higher returns and lower carbon initiatives. Investors can access a live webcast and replay of the event at www.chevron.com/investors. Chevron remains committed to providing affordable and cleaner energy while emphasizing carbon intensity reduction in its operations.

Chevron (NYSE: CVX) announced Dr. Anoop Kumar as the new president of the National Lubricating Grease Institute (NLGI). Based in Liberty, Missouri, the NLGI focuses on lubricating grease manufacturers. Dr. Kumar, with over thirty years of experience, aims to bring change to the industry with his six strategic priorities, including sustainability and addressing the lithium shortage. He has contributed significantly to the grease sector with 29 patents and over 90 publications. Chevron congratulated Dr. Kumar, anticipating his leadership will benefit the lubricant and grease industry.