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) generates news flow typical of a supermajor integrated oil company, with quarterly earnings releases, production updates, and capital allocation announcements driving regular coverage. As one of the world's largest publicly traded energy companies, Chevron's operational decisions influence crude oil markets, natural gas pricing, and the broader energy sector.
Investors tracking Chevron news typically monitor several recurring categories. Quarterly earnings reports reveal performance across upstream production and downstream refining segments, with commodity price realizations and production volumes offering insight into operational execution. Capital expenditure announcements signal where management sees the highest-return opportunities, whether in Permian Basin drilling, Gulf of Mexico deepwater projects, or international LNG expansion. Project milestones such as production startups from major developments provide visibility into future cash flow capacity.
Chevron's scale means corporate actions carry market-wide implications. Asset sales, acquisitions, and joint venture developments reshape the company's portfolio while signaling strategic priorities. Dividend announcements and share repurchase authorizations reflect management's confidence in cash generation and commitment to shareholder returns. Leadership transitions and organizational changes offer perspective on succession planning at one of the energy industry's largest operators.
Beyond company-specific developments, Chevron news often intersects with broader energy market dynamics. Crude oil price movements, OPEC production decisions, regulatory changes, and geopolitical events affecting producing regions all influence the company's operating environment. Bookmark this page for timely coverage of Chevron developments that matter to investors and industry observers.
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.
Chevron Corporation (NYSE: CVX) has announced an investment in Baseload Capital AB, a Swedish firm specializing in low-temperature geothermal and heat power assets. This investment, part of Chevron Technology Ventures’ Core Venture fund, aims to enhance Chevron’s renewable energy capabilities and support the transition to a lower-carbon future. Baseload Capital, which operates in multiple countries, plans pilot projects with Chevron to deploy innovative geothermal technologies. The partnership is expected to accelerate the development of geothermal resources in the US and beyond.
Chevron Technology Ventures has launched its $300 million Future Energy Fund II, aimed at fostering innovations in industrial decarbonization, mobility, energy decentralization, and the circular carbon economy. Building on the success of its first fund, which invested in over 10 companies, CTV seeks to enhance sustainable energy solutions. Vice President Barbara Burger emphasized the fund's role in addressing global energy challenges. This marks CTV's eighth venture fund since its inception, aligning with Chevron's commitment to cleaner energy technologies.
Chevron Corporation has proposed a non-binding acquisition of Noble Midstream Partners LP's publicly held common units, offering $12.47 per unit based on recent closing prices. This merger aims to streamline governance and align interests, particularly as NBLX primarily serves Chevron. Approval from NBLX's Board of Directors is necessary, and there is no guarantee the deal will close.
NBLX operates midstream assets in Colorado and Texas, having been integrated into Chevron following its acquisition of Noble Energy in 2020.
Chevron Corporation (NYSE: CVX) reported a fourth-quarter loss of $665 million ($(0.33) per share), a significant improvement from a $6.6 billion loss in Q4 2019. The full-year 2020 loss totaled $5.5 billion ($(2.96) per share), influenced by acquisition costs from Noble Energy and foreign currency impacts of $645 million. Despite lower revenues of $25 billion in Q4 2020 vs. $35 billion a year prior, Chevron maintained a strong balance sheet, completed the Noble Energy acquisition, and increased its dividend for the 33rd consecutive year.
The Board of Directors of Chevron Corporation declared a quarterly dividend of $1.29 per share, set for payment on March 10, 2021. This dividend will benefit all common stockholders recorded on the transfer records as of February 17, 2021. This announcement reflects Chevron's commitment to returning value to its shareholders.
Chevron Corporation (NYSE: CVX) has made a Series C investment in Blue Planet Systems Corporation, a startup that specializes in carbonate aggregates and carbon capture technology. This investment highlights Chevron's commitment to advancing carbon capture and utilization technologies as part of its lower-carbon solutions strategy. Chevron and Blue Planet plan to explore collaboration opportunities for pilot projects and commercial developments that leverage Blue Planet's innovative technology, which captures CO2 from flue gas without requiring purification.
Chevron Corporation (NYSE: CVX) is set to hold its quarterly earnings conference call on January 29, 2021, at 11:00 a.m. ET (8:00 a.m. PT). Key speakers include Mike Wirth, CEO, and Pierre Breber, CFO. Participants can dial in using the provided numbers or access the live webcast at www.chevron.com. This event is significant as it will provide insights into Chevron’s financial performance and future outlook.
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