Welcome to our dedicated page for Chevron news (Ticker: CVX), a resource for investors and traders seeking the latest updates and insights on Chevron stock.
Chevron Corporation (NYSE: CVX) is frequently in the news as one of the world’s leading integrated energy companies. Company announcements highlight its role in producing crude oil and natural gas, manufacturing transportation fuels, lubricants, petrochemicals and additives, and developing technologies that support both its core energy operations and its emerging new energies businesses.
News about Chevron often centers on quarterly and annual financial results, including earnings, cash flow from operations, capital expenditures, and segment performance in U.S. and international upstream and downstream operations. These releases provide details on net oil-equivalent production, refinery crude unit inputs, refined product sales, and the contribution of affiliates such as Tengizchevroil. They also discuss how acquisitions like Hess Corporation affect production, earnings, and portfolio composition.
Investors following CVX news will see regular updates on capital programs and guidance. Chevron has announced multi-year capital expenditure ranges, with most spending directed to upstream projects such as U.S. shale and tight assets and global offshore developments, and a portion allocated to downstream projects and initiatives that lower the carbon intensity of operations and grow new energies businesses. Investor day presentations describe expectations for cash flow growth, return on capital employed, and synergies from acquisitions.
Chevron’s news flow also includes leadership and governance developments, such as changes in executive roles, appointments to the board of directors, and amendments to corporate by-laws. In addition, the company issues advisories for earnings conference calls and webcasts, giving investors and analysts access to management’s commentary on results and outlook.
Another theme in Chevron-related news is its expansion into new energies and power solutions, including renewable fuels, carbon capture and offsets, hydrogen, and power generation for data centers. The company’s involvement with technology partners, such as its use of a predictive procurement platform described by Arkestro, illustrates how Chevron applies digital tools to procurement and supply chain management.
For anyone tracking CVX, this news page brings together earnings releases, capital program updates, acquisition integration milestones, leadership changes, and strategic announcements on new energy initiatives, providing a consolidated view of Chevron’s ongoing developments.
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.
Chevron Corporation (NYSE: CVX) is partnering with JERA to explore lower carbon opportunities, focusing on the U.S. and Asia Pacific. They have signed a Joint Study Agreement to investigate co-development of lower carbon fuel in Australia, with a feasibility study expected by year-end 2023. The collaboration includes studying liquid organic hydrogen carriers to facilitate hydrogen transport and energy storage. Both companies aim to advance clean energy solutions, with Chevron leveraging its expertise in LNG and carbon capture.