Chevron Corp Stock Price, News & Analysis

Chevron Corporation (NYSE: CVX) and Caterpillar Inc. (NYSE: CAT) have announced a collaboration to develop hydrogen demonstration projects aimed at transforming transportation and stationary power applications. The initiative includes demonstrating a hydrogen-fueled locomotive and necessary fueling infrastructure across various U.S. locations. Chevron's commitment to hydrogen is part of its strategy to lower carbon emissions in heavy-duty sectors, while Caterpillar aims to provide customers with diverse fuel options for sustainability.

Chevron U.S.A. Inc. and Caterpillar Inc. have announced a collaboration to explore hydrogen applications in transportation and stationary power. The partnership aims to demonstrate hydrogen as a viable alternative fuel for line-haul rail and marine vessels and to develop hydrogen-fueled locomotives and related infrastructure. Work will commence immediately at various locations across the U.S. Chevron's initiative focuses on advancing hydrogen technology for heavy-duty transportation, while Caterpillar emphasizes its commitment to sustainability through diverse fuel options.

Chevron, Delta, and Google Cloud have entered a memorandum of understanding (MOU) to analyze emissions data from a sustainable aviation fuel (SAF) pilot program. Chevron will produce a SAF test batch at El Segundo Refinery and sell it to Delta at Los Angeles International Airport (LAX). This partnership aims to create transparency in emissions reporting and support Delta's goal of replacing 10% of its jet fuel with SAF by 2030. Google Cloud will develop a data framework to facilitate emissions data analysis.

Chevron Corporation (NYSE: CVX) has committed $3 million to support Hurricane Ida relief efforts. This funding includes $500,000 each for the American Red Cross, Catholic Charities, and Team Rubicon, with the remaining $1.5 million going to local organizations. Chevron aims to assist Gulf Coast communities affected by the hurricane, emphasizing that recovery work is paramount. Employees will also have matching donation opportunities to further aid recovery efforts, ensuring that Chevron stands by its local communities during this challenging time.

Chevron and Bunge have announced a memorandum of understanding for a 50/50 joint venture aimed at boosting renewable fuel production. Chevron is set to invest approximately $600 million into the venture, while Bunge plans to utilize its soybean processing facilities in Louisiana and Illinois. The initiative aims to double the combined processing capacity to 7,000 tons per day by the end of 2024, with a focus on lower carbon intensity feedstocks. The venture is pending final agreements and regulatory approval.

Chevron Corporation (NYSE: CVX) will host its Energy Transition Spotlight conference call and webcast on September 14, 2021, at 10:00 a.m. ET. The event aims to detail strategies for reducing carbon intensity in operations and expanding lower carbon businesses. Key speakers include CEO Mike Wirth and leaders from various divisions. Participants can join the live call or access it later via the company website. Chevron emphasizes its commitment to affordable, reliable, and cleaner energy while investing in low-carbon technologies.

Chevron Products Company launched Delo Syn ATF 668, a fully synthetic transmission fluid for Allison heavy-duty automatic truck and bus transmissions. This innovative fluid enhances transmission performance with over 13 times anti-shudder durability compared to TES 295 fluids, ensuring smoother shifts and extended clutch friction durability. It supports longer service life, lower maintenance costs, and is backwards compatible with TES 295 and TES 389 fluids. This product transition is recommended for all Allison users, enhancing operational efficiency for fleet operators.

Chevron Corporation (NYSE:CVX) has appointed Eimear Bonner as vice president, effective August 2. Bonner will continue as president of Chevron Technical Center and chief technology officer. With over 22 years in various leadership roles, she brings extensive experience managing Chevron's largest joint venture, Tengizchevroil in Kazakhstan. Bonner's background includes a focus on business performance, stakeholder relationships, and organizational transformation. Chevron emphasizes its commitment to cleaner energy and innovative technology development.