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.
Chevron reported a robust third quarter 2022, with earnings of $11.2 billion ($5.78 per share), significantly up from $6.1 billion ($3.19 per share) in the same quarter last year. Adjusted earnings reached $10.8 billion, driven largely by a 50% increase in investments and a record production of over 700,000 barrels per day in the Permian Basin. Notably, the company distributed $6.5 billion to shareholders and increased dividends by 6% per share. Cash flow from operations surged to $15.3 billion, reflecting strong financial health and growth in energy supply.
The Board of Directors of Chevron Corporation (CVX) has declared a quarterly dividend of $1.42 per share, payable on December 12, 2022, to stockholders on record as of November 18, 2022. Chevron is a leading integrated energy company focused on providing affordable, reliable, and cleaner energy solutions. The company continues to aim for lower carbon intensity in its operations while expanding lower carbon business alongside traditional areas.
Chevron Corporation (NYSE: CVX) has published its annual methane report, showcasing a significant reduction of over 50% in methane intensity since 2016. The report emphasizes Chevron's commitment to transparency and sustainability, highlighting that its U.S. upstream methane intensity is 85% lower than the national average as of 2020. Chevron aims to be a global leader in methane emissions management through advanced detection technologies and improved facility designs. Additionally, a stockholder proposal for reliable methane emissions disclosure was endorsed by the board and passed in 2022.
Air Liquide, Chevron (CVX), LyondellBasell (LYB), and Uniper have announced a collaborative study to evaluate the development of a hydrogen and ammonia production facility along the U.S. Gulf Coast. This project aims to support decarbonization efforts and increase clean ammonia exports. The consortium intends to utilize each participant's expertise in various technologies, focusing on producing hydrogen through natural gas with carbon capture and renewable hydrogen via electrolysis. The development could leverage existing Gulf Coast infrastructure for lower carbon energy supplies.
Chevron and California Bioenergy LLC announced a joint investment in CalBioGas Hilmar LLC to produce renewable natural gas (RNG) from dairy biomethane in California. Chevron's initial funding will support infrastructure development for this project in Merced County, with plans for seven digesters and a central upgrading facility. The project aims to help California meet its emission reduction targets while providing new revenue for local dairy farmers. Chevron is committed to producing 40,000 MMBTU/D of RNG by 2030 as part of its lower carbon objectives.
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.