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) 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.
Chevron Corporation (CVX) and Chevron U.S.A. Inc. have initiated exchange offers for ten series of notes from Noble Energy, Inc. The exchange involves validly tendered Old Notes for new CUSA Notes guaranteed by Chevron. A registration statement was filed with the SEC on December 3, 2020, and the exchange offers are set to expire on January 4, 2021. Early participants may receive an extra $30 per $1,000 principal amount. The exchange is aimed at altering restrictive covenants in existing Noble Indentures. No accrued interest will be paid on Old Notes during this exchange.
Chevron Corporation (NYSE: CVX) has announced the appointment of Al Williams as vice president of corporate affairs, effective March 1, 2021, and Paul Antebi as vice president and general tax counsel, effective February 1, 2021. Williams succeeds Dale Walsh, who retires after 38 years, bringing extensive international experience. Antebi takes over from C.N. Macfarlane, who served for 36 years. These leadership changes occur amid increasing regulatory and social complexities, enhancing Chevron's strategic positioning in the energy sector.
Chevron Corporation (NYSE: CVX) has elected Marillyn A. Hewson to its board of directors, effective January 1, 2021. Hewson previously served as the chairman, president, and CEO of Lockheed Martin, bringing over 35 years of experience in global business and international commerce. She will also join the Audit Committee of the Board. Chevron's CEO, Michael Wirth, emphasized that Hewson's extensive expertise will enhance the company’s operations and add valuable perspectives. Chevron continues to be a leader in the integrated energy sector, engaging in various activities ranging from oil exploration to technology development.
Chevron Corporation (NYSE: CVX) reported a third-quarter 2020 loss of $207 million ($(0.12) per share), down from a profit of $2.6 billion in Q3 2019. The decline was driven by lower commodity prices and decreased operational revenue of $24 billion, compared to $35 billion a year earlier. Adjusted earnings were $201 million ($0.11 per share), significantly lower compared to $2.9 billion in 2019. The company continues to focus on capital discipline and cost management, reducing capital expenditures by 48% and operating expenses by 12% year-over-year. Production decreased 7% to 2.83 million barrels per day.
Chevron Corporation (NYSE: CVX) announced a quarterly dividend of $1.29 per share, reflecting the company's commitment to returning value to shareholders. This dividend is payable on December 10, 2020, to shareholders recorded by the close of business on November 18, 2020. This consistent dividend policy underscores Chevron's financial strength and operational stability amidst market fluctuations.
Chevron Corporation (CVX) will host its quarterly earnings conference call on October 30, 2020, at 11:00 a.m. ET (8:00 a.m. PT). Key speakers include Mark Nelson, Executive Vice President, and Pierre Breber, CFO. Investors can join the call by dialing 773-305-6865 or 888-244-2435 with conference ID 7891185. A live webcast will be available on Chevron's website, and a replay will also be accessible under the “Investors” section.
Chevron Corporation (NYSE: CVX) has successfully completed its acquisition of Noble Energy, Inc. (NASDAQ: NBL) after receiving approval from Noble's shareholders. Chevron Chairman and CEO Michael Wirth expressed optimism about the deal, highlighting that Noble's assets will enhance Chevron's upstream portfolio and deliver significant financial benefits. He emphasized Chevron's strong balance sheet and commitment to protect dividends while driving long-term value. This acquisition positions Chevron to better navigate the energy sector and capitalize on growth opportunities.
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