Chevron Corp Stock Price, News & Analysis

Chevron has launched the Keep Clean Preferred Vendor Program to enhance lubricant operations for businesses of all sizes. This program connects customers with reputable vendors offering vital tools and services that optimize lubricant efficiency and minimize downtime. Chevron emphasizes a holistic approach to lubricant management, ensuring cleanliness and operational reliability. The initiative aligns with Chevron's commitment to customer success, as articulated by Rebecca Zwetzig, America’s ISOCLEAN Program Manager, and aims to expand to additional services in the future.

Chevron (NYSE: CVX) has pledged $250,000 to support wildfire relief efforts in Boulder County, Colorado. The donations include $150,000 to the American Red Cross and $100,000 to the Community Foundation Boulder County Wildfire Fund. Chevron will also match qualifying donations made by employees and retirees. Hodge Walker, vice president of Chevron's Rockies Business Unit, emphasized the company's commitment to help local communities recover and rebuild. This initiative reflects Chevron's ongoing commitment to corporate responsibility and support for affected employees.

Chevron Corporation (NYSE: CVX) is set to conduct its quarterly earnings conference call on January 28, 2022, at 11:00 a.m. ET. Key speakers will include CEO Mike Wirth and CFO Pierre Breber. Investors can join the call by dialing 888-609-5704 and using conference ID 5209887. The call will be accessible via a live webcast on Chevron's official website, where a replay will also be available. Chevron continues to focus on sustainable energy solutions while producing crude oil, natural gas, and related products.

Chevron Corporation announced the retirement of Barbara J. Burger, President of Chevron Technology Ventures, after 34 years of service. Jim Gable, currently VP of Downstream Technology & Services, will succeed her on February 1, 2022. Under Burger’s leadership, CTV advanced its strategy in integrating external technologies to enhance energy production. Gable brings over 23 years of experience, aiming to further strengthen CTV's impact on energy innovation.

On December 14, 2021, Progress Rail, a Caterpillar company (NYSE: CAT), BNSF Railway, and Chevron (NYSE: CVX) announced a memorandum of understanding to demonstrate a hydrogen fuel cell-powered locomotive. This collaboration aims to assess hydrogen's viability as a sustainable alternative to diesel fuel in rail transportation. The project includes designing a prototype locomotive, developing fueling infrastructure, and conducting tests on BNSF's rail lines. If successful, this initiative could significantly lower carbon emissions and advance the hydrogen economy in heavy-duty transport.

Chevron Shipping Company has joined the Sea Cargo Charter, an initiative aimed at promoting responsible shipping practices and aligning with United Nations decarbonization targets. This charter provides a framework for assessing and disclosing shipping emissions, aiming to reduce greenhouse gas emissions by at least 50% from 2008 levels by 2050. Mark Ross, president of Chevron Shipping, expressed excitement about joining this initiative to enhance transparency in environmental performance. The inclusion of Chevron signifies its commitment to industry leadership in sustainability.

Chevron Corporation (NYSE: CVX) has announced a 2022 capital and exploratory spending program of $15 billion, at the low end of its previously set guidance of $15 to $17 billion. This marks a 20% increase from 2021. The company is raising its share buyback guidance to $3 to $5 billion annually, up from $2 to $3 billion. The budget emphasizes a commitment to capital discipline and includes $800 million for lower carbon initiatives. Total planned expenditures amount to $15.3 billion, including Chevron's share of affiliates.

Chevron, Pavilion Energy, and QatarEnergy have developed a groundbreaking methodology for quantifying and reporting greenhouse gas emissions associated with liquefied natural gas (LNG) cargoes. This innovative approach aims for universal adoption and enhances transparency in GHG reporting from the wellhead to the discharge terminal. The methodology, backed by sustainability experts, aligns with industry standards and complements existing efforts by the International Group of LNG Importers. This initiative reflects a commitment to accountability and supports decarbonization strategies within the LNG value chain.

Majed Nachawati has been appointed co-lead counsel for consolidated litigation in California regarding paraquat-based herbicides, including Gramoxone, and their alleged link to Parkinson's disease. The lawsuits target Syngenta and Chemical Co., associated with Chevron (CVX) and Phillips 66 (PSX). Plaintiffs claim exposure has caused serious health issues, prompting the litigation to hold manufacturers accountable. Studies have linked paraquat to the progressive brain disorder, emphasizing the need for transparency in product safety.