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 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.
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.
FAQ
What is the current stock price of Chevron (CVX)?
What is the market cap of Chevron (CVX)?
