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 (CVX) delivers essential energy resources through global upstream exploration and downstream refining operations. This centralized news repository provides investors and industry professionals with direct access to official announcements and market-moving developments.
Track Chevron's operational milestones through earnings reports, partnership announcements, and technology initiatives. Our curated collection features press releases on exploration projects, refinery expansions, and sustainability efforts without promotional bias.
Discover updates spanning Chevron's core oil and gas operations alongside emerging energy ventures. Content categories focus on financial disclosures, joint venture formations, operational efficiencies, and regulatory compliance matters relevant to energy sector stakeholders.
Bookmark this page for streamlined access to Chevron's evolving business narrative. Return regularly to monitor strategic decisions shaping one of the world's most integrated energy enterprises.
Chevron and Toyota have entered a memorandum of understanding to explore a strategic alliance aimed at developing a large-scale hydrogen economy. The partnership focuses on three strategic priorities: advocating for hydrogen-related public policies, assessing market demand for fuel cell electric vehicles, and pursuing joint research and development in hydrogen transportation and storage. Both companies view this collaboration as a significant step towards carbon neutrality, leveraging their combined resources and expertise to create sustainable transportation options.
Trial lawyers have requested the consolidation of lawsuits from Parkinson's disease patients linked to paraquat herbicides into a single federal case. With over 20 lawsuits filed, this multidistrict litigation (MDL) aims to enhance efficiency and expedite justice for affected individuals. The lawsuits involve companies like Syngenta and Chevron Phillips Chemical Co., both accused of causing harm from paraquat exposure. Notably, paraquat has been associated with severe health risks and is banned in over 50 countries due to its dangers.
Chevron and Honeywell have launched the world's first commercial-scale ISOALKY process unit in Salt Lake City, utilizing ionic liquids for alkylate production. This innovative technology offers a safer, cost-effective alternative to traditional liquid acid systems, producing a high-octane blending component with a reduced environmental impact. The unit enhances flexibility and can be integrated into new or existing refineries, addressing the global demand for cleaner fuels. This partnership signifies a major advancement in alkylation process technology for the refining industry.
Chevron Corporation's subsidiary, Chevron U.S.A. Inc. (Singapore Branch), has signed a Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. to supply approximately half a million tons of liquefied natural gas (LNG) over five years, beginning April 2022. This agreement expands Chevron's customer base in Japan, enhancing its LNG operations in a key growth area. Chevron aims to provide diversified energy solutions and promote a lower carbon future through this partnership.
Chevron Corporation (NYSE: CVX) is set to conduct its quarterly earnings conference call on April 30, 2021, at 11:00 a.m. ET. Key speakers will include Pierre Breber, CFO, and Roderick Green, GM of Investor Relations. This call will provide insights into Chevron's financial performance and outlook. Investors can join via dial-in numbers or listen to the live webcast available at chevron.com.
Chevron Corporation (NYSE: CVX) announced at its annual investor meeting plans to enhance shareholder returns and lower carbon intensity. The company aims for a doubling of its return on capital employed and a 10% CAGR of free cash flow by 2025, supported by a disciplined capital program with $14-16 billion in expenditures. Chevron exceeded its 2023 carbon intensity targets ahead of schedule, setting lower targets for 2028 and committing to zero routine flaring by 2030. The company plans to invest over $3 billion in low-carbon technologies and expects significant cash flow generation at various Brent oil prices.
Chevron Corporation (CVX) has announced a definitive agreement to acquire all publicly held common units of Noble Midstream Partners (NBLX) not already owned by Chevron. The all-stock transaction will see each unitholder of Noble receive 0.1393 of a share of Chevron for each common unit held, totaling 33.925 million units. This move aims to simplify governance and enhance value in the DJ and Permian basins. Approval has been granted by Noble's Conflicts Committee and the Board, with the merger expected to close in Q2 2021 pending customary approvals.
The U.S. Court of Appeals for the Second Circuit has upheld findings against disbarred attorney Steven Donziger for contempt related to his fraudulent Ecuadorian judgment against Chevron. The court confirmed that Donziger engaged in racketeering, including bribery and ghostwriting, violating the RICO Act. As a result, he is barred from profiting from the Ecuadorian judgment. The ruling further affirms Chevron's stance in a long-standing dispute, with an international tribunal previously labeling the Ecuadorian judgment as fraudulent and unenforceable.
The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has selected Lowe's Companies Inc. (NYSE:LOW) as the "Stock to Study" and Chevron Corp. (NYSE:CVX) as the "Undervalued Stock" in the May 2021 issue. The committee emphasizes the importance of diversification to minimize investment risk. Investors can access more insights on these selections through BetterInvesting's online tools, which provide fundamental data for each stock.
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