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.
The Board of Directors of Chevron Corporation declared a quarterly dividend of $1.42 per share, payable on September 12, 2022. Shareholders will receive this dividend if their names appear on the transfer records by the close of business on August 19, 2022. Chevron, a leading integrated energy company, focuses on affordable and reliable energy, aiming to reduce carbon intensity while growing lower carbon businesses alongside traditional operations.
Chevron Corporation (NYSE: CVX) is set to hold its quarterly earnings conference call on Friday, July 29, 2022, at 11:00 a.m. ET (8:00 a.m. PT). This call will feature key executives, including Jay Johnson, Pierre Breber, and Roderick Green, discussing the company's financial performance and strategic initiatives. Investors can listen in via dial-in or through a live webcast on the Chevron website. A replay will also be available in the Investors section afterward.
Chevron Corporation (NYSE: CVX) announced its North American upstream assets received Project Canary's highest ratings for operational and environmental performance. The independent assessment highlighted that 82 wells achieved 'Platinum' status while 3 wells earned 'Gold' status. This certification positions Chevron favorably in the Responsibly Sourced Natural Gas (RSG) market, allowing the company to market certified gas starting in the second half of 2022. Chevron aims to significantly lower carbon emissions, having already reduced methane intensity by 85% compared to the industry average.
Cheniere Energy, Inc. (LNG) announced long-term liquefied natural gas (LNG) sale agreements with Chevron (CVX) for a combined 2.0 million tonnes per annum. The first agreement involves Chevron purchasing 1.0 mtpa from Sabine Pass Liquefaction, starting in 2026. The second contract is for 1.0 mtpa from Cheniere Marketing, commencing in 2027, contingent upon a positive investment decision for new liquefaction capacity. Both agreements highlight increasing LNG demand and are tied to the Henry Hub price. Early termination of an LNG Terminal Use Agreement with Chevron is also noted.
Chevron Corporation (NYSE: CVX) has completed its acquisition of Renewable Energy Group, Inc. (NASDAQ: REGI) following stockholder approval. This merger is designed to position Chevron as a leading renewable fuels company in the U.S., offering a range of low-carbon solutions to customers. Cynthia “CJ” Warner, ex-CEO of REG, joins Chevron's Board, bringing valuable expertise. The acquisition aims to enhance Chevron's capabilities in both traditional and renewable energy sectors, thereby expanding its market share and product offerings.
Chevron has entered into agreements to supply renewable natural gas for a demonstration of Walmart's heavy-duty trucks integrated with Cummins' new 15-liter natural gas engine. The collaboration aims to help Walmart achieve its goal of zero emissions by 2040. Chevron will link the renewable natural gas to compressed natural gas for the trucks, sourced from biomethane produced from organic waste. This partnership highlights Chevron's commitment to decarbonization and sustainable energy solutions for fleet operators.
Chevron (NYSE: CVX) has signed a memorandum of understanding with KazMunayGas (KMG) to explore lower carbon business opportunities in Kazakhstan. This partnership aims to evaluate projects in carbon capture, hydrogen, energy efficiency, and more. The MoU was signed in Nur-Sultan during the Foreign Investors Council's plenary session. Chevron's commitment to Kazakhstan's energy future aligns with the country's goal to achieve carbon neutrality by 2060. This collaboration is expected to advance lower carbon technologies and support Kazakhstan's energy transition efforts.
Chevron Corporation (NYSE: CVX) announced Dr. Wanda M. Austin as the new lead independent director of its Board, effective May 25, 2022. She succeeds Dr. Ronald D. Sugar, who remains on the Board. Dr. Austin has been a Board member since December 2016 and will continue to chair the Board Nominating and Governance Committee. CEO Mike Wirth praised her leadership skills and contributions, while acknowledging Dr. Sugar's impactful tenure during significant company challenges. Chevron is focused on delivering reliable energy and enhancing its low-carbon initiatives.
Chevron Corporation (NYSE:CVX) announced changes to its organizational structure, effective October 1, 2022, to improve execution and drive higher returns while reducing carbon emissions. The company will consolidate its Upstream, Midstream, and Downstream segments under a new executive vice president, overseeing a streamlined value chain. New executive appointments include Mark Nelson and Nigel Hearne. This transformation builds on Chevron's 2020 enterprise-wide changes, aiming for better capital allocation and business development as the energy sector evolves.
Chevron Corporation (NYSE: CVX) outlined its business plans at the annual stockholders meeting, emphasizing a focus on higher returns and lower carbon emissions. CEO Michael Wirth stated the company aims to lead in lower carbon intensity energy by leveraging its capabilities. Chevron completed its integration of Noble Energy and formed Chevron New Energies. The company is targeting a 10% increase in U.S. oil and gas production and plans over 50% capital spending growth compared to 2021. Chevron's acquisition of Renewable Energy Group, Inc. (NASDAQ: REGI) is expected to finalize mid-year.
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