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 Corporation (NYSE: CVX) announced the successful closure of its acquisition of an equity interest in American Natural Gas LLC, which includes a network of 60 compressed natural gas stations in the United States. This acquisition, previously announced, emphasizes Chevron's commitment to expanding its lower carbon business operations. American Natural Gas aims to support the transition to cleaner energy through its CNG fueling network.
Chevron Corporation (NYSE: CVX) will hold its quarterly earnings conference call on Friday, October 29, 2021, at 11:00 a.m. ET. The call will feature executives including Mark Nelson, Pierre Breber, and Roderick Green.
Investors can listen via a dial-in at 929-477-0308 or 800-289-0449, using conference ID 8912677. The live webcast will be available at www.chevron.com, with a replay accessible later in the Investors section.
Chevron Corporation (NYSE: CVX) has appointed Marissa Badenhorst as vice president of Health, Safety and Environment, effective January 1, 2022. Badenhorst succeeds Dave Payne, who is retiring on April 1, 2022, after 39 years with the company. Badenhorst previously served as general manager of Enterprise Process Safety and has over 20 years of experience at Chevron, holding various leadership roles globally. Under Badenhorst's leadership, Chevron aims to continue its record in safety performance.
Chevron Corporation mourns the passing of Alfred C. DeCrane, Jr., former Texaco Chairman and CEO, who died at age 90 on September 22, 2021. DeCrane's leadership during pivotal times for Texaco is acknowledged by current CEO Mike Wirth, who emphasized the legacy he leaves behind. DeCrane's career began at Texaco in 1959, leading to significant roles culminating in his appointment as CEO in 1993. His contributions extended beyond Texaco, including work for corporate boards after retirement in 1996. He is remembered fondly by colleagues and family.
Hoover CS has entered a multi-year agreement with Advanced Refining Technologies LLC (ART), a joint venture of W. R. Grace & Co. (NYSE:GRA) and Chevron (NYSE:CVX), to provide circular catalyst packaging and logistics solutions. This arrangement supports Bapco's largest catalyst management agreement. The partnership, established on August 11, 2021, aims to enhance sustainability in catalyst management across the supply chain. Hoover CS will utilize its proprietary FleetAI technology for logistics, focusing on delivering a sustainable solution for ART and its clients.
Chevron Corporation (NYSE: CVX) has announced a significant increase in its planned capital investments, boosting total commitments to
Chevron U.S.A. Inc. and Enterprise Products Partners L.P. have launched a joint framework to explore carbon capture, utilization, and storage (CCUS) opportunities in the U.S. Midcontinent and Gulf Coast regions. The initial six-month study aims to identify specific business opportunities by leveraging Enterprise's extensive midstream network alongside Chevron's sub-surface expertise. Both companies emphasize the importance of CCUS in achieving a lower carbon future, as indicated by international climate scientists. This partnership builds on their previous collaboration in energy services.
Chevron Corporation (NYSE: CVX) has signed definitive agreements to establish a joint venture with Mercuria Energy Trading to own and operate American Natural Gas LLC (ANG) and its network of 60 compressed natural gas (CNG) stations across the United States. This initiative is part of Chevron's strategy to build a renewable natural gas business aiming for a tenfold increase in volumes by 2025, complementing its plan to open over 30 Chevron-branded CNG stations by the same year. The partnership underscores Chevron's commitment to advancing renewable energy solutions.
Chevron Corporation (NYSE: CVX) and Gevo, Inc. (NASDAQ: GEVO) have signed a letter of intent to jointly invest in new facilities to produce sustainable aviation fuel from inedible corn. This collaboration aims to lower lifecycle carbon intensity in aviation fuels and will also generate proteins and corn oil. Gevo will utilize its proprietary technology while Chevron has the right to offtake approximately 150 million gallons of sustainable aviation fuel annually. The partnership is contingent on regulatory approvals and definitive agreements.
Chevron's New Energies division has agreed to acquire an equity interest in ACES Delta, a joint venture focused on green hydrogen production. Located in Delta, Utah, the Advanced Clean Energy Storage project aims to generate, store, and transport green hydrogen for various applications in the western U.S. The initiative will help reduce carbon emissions and expand hydrogen supply across Western states, leveraging Chevron's expertise in heavy-duty transportation and industry. The transaction is subject to negotiation and customary closing conditions.
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