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.
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.
Chemron Corporation (NYSE:CVX) and Chevron U.S.A. Inc. announced the early participation results of their exchange offers for Noble Energy's Old Notes. As of December 16, 2020, significant principal amounts of various series of Old Notes have been validly tendered. The offers include a total consideration of new CUSA Notes, with an early participation premium of $30 per $1,000 principal amount. The expiration date for participation is extended to January 4, 2021. The offerings seek to amend relevant indentures and provide holders with new, unsecured, unsubordinated debt guaranteed by Chevron.
Chevron Corporation announced a $14 billion organic capital and exploratory spending program for 2021, reducing long-term guidance to $14 to $16 billion annually through 2025. The company aims to enhance long-term value and returns, dedicating over $300 million in 2021 to advance energy transition. The revised guidance is notably lower than the previous $19 to $22 billion. Significant allocations include $5 billion for U.S. upstream and $6.5 billion for international upstream projects. Chevron emphasizes its commitment to maintaining dividends amidst market challenges.