Welcome to our dedicated page for Chevron Corporation news (Ticker: $CVX), a resource for investors and traders seeking the latest updates and insights on Chevron Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Chevron Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Chevron Corporation (NYSE: CVX) reported earnings of $2.3 billion for Q4 2023, with adjusted earnings of $6.5 billion. A record $26.3 billion was returned to shareholders in 2023. The company announced an 8% increase in quarterly dividend to $1.63/share. Worldwide and U.S. production reached record levels. However, reported earnings declined compared to last year due to lower upstream realizations, decommissioning losses, and higher impairment charges.
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End-of-Day
2.94%
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After 33 years of distinguished service, Mark Ross, President of Chevron Shipping Company, has elected to retire effective May 1, 2024. Barbara Pickering, currently Vice President of Operations, Chevron Shipping Company, will succeed Mark as President. Mark has led Chevron Shipping Company since 2015 and has held positions of increasing responsibility in Chevron’s Midstream, Upstream, and Downstream organizations. Barbara has held positions of increasing responsibility with Chevron in the UK, Australia, and the United States. Under Mark’s leadership, Chevron Shipping Company has delivered exceptional safety and environmental performance and has greatly expanded its marine capabilities.
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1.99%
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Chevron (CVX) Donates Historic Union Oil Company of California Headquarters to City of Santa Paula
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-0.82%
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Chevron Corporation (NYSE: CVX) will hold its quarterly earnings conference call on February 2, 2024, at 11:00 a.m. ET. The company's speakers include Mike Wirth, Chairman of the Board and Chief Executive Officer, and Pierre Breber, Vice President and Chief Financial Officer. Chevron is a leading integrated energy company focused on affordable, reliable, and ever-cleaner energy production. The company aims to grow its traditional oil and gas business while also investing in lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets, and other emerging technologies.
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1.91%
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Chevron Corporation (NYSE: CVX) plans an organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries and an affiliate capital expenditure budget of approximately $3 billion for 2024.
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-0.08%
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Chevron Corporation reported earnings of $6.5 billion for Q3 2023, compared to $11.2 billion in Q3 2022. Adjusted earnings were $5.7 billion. The company acquired PDC Energy and a majority stake in ACES Delta. Year-to-date cash returned to shareholders was $20.0 billion. Chevron also announced an agreement to acquire Hess Corporation.
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-6.72%
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Chevron Corporation has announced an agreement to acquire all outstanding shares of Hess Corporation in an all-stock transaction valued at $53 billion. The acquisition is expected to strengthen Chevron's portfolio and diversify its assets, with the addition of Hess' Bakken assets and the Stabroek block in Guyana. The combined company is projected to experience production and free cash flow growth beyond Chevron's current five-year guidance. John Hess, CEO of Hess, is expected to join Chevron's Board of Directors. The transaction is subject to shareholder and regulatory approvals and is anticipated to close in the first half of 2024.
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-3.69%
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Chevron Corporation will hold its quarterly earnings conference call on October 27, 2023. Chevron aims to grow its traditional oil and gas business, lower the carbon intensity of its operations, and develop new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets, and other emerging technologies.
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Chevron acquires Magnum Development and majority interest in ACES Delta to develop Advanced Clean Energy Storage project in Utah
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1.86%
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OneH2 closes funding round led by Chevron and current investors, funds to be used for development of hydrogen generators and fuel distribution solutions
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0.01%
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Chevron Corporation
NYSE:CVX
CVX Rankings
CVX Stock Data
295.34B
1.73B
6.88%
66.88%
2.67%
Petroleum Refineries
Manufacturing
United States of America
SAN RAMON
About CVX
Chevron Corporation is an American multinational energy corporation predominantly in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is headquartered in San Ramon, California, and active in more than 180 countries.