stories

Energy Efficiency Project To Save Millions In CO

DENVER, Aug. 21, 2007 -- Chevron Energy Solutions, a unit of Chevron Corporation (NYSE: CVX), today announced the completion of a comprehensive project for the state of Colorado that significantly improves the energy efficiency of key government facilities across the state.

Update: Assessment of Pascagoula Refinery Fire Launched

PASCAGOULA, Miss., Aug. 17, 2007 -- An initial investigation and assessment of yesterday's fire at Chevron's refinery in Pascagoula, Miss., is underway.

Pascagoula Refinery Fire Under Control

PASCAGOULA, Miss., Aug. 16, 2007 -- Emergency response teams have contained a fire that broke out in a crude unit at the Chevron refinery in Pascagoula, Mississippi, at approximately 2:15 p.m. CDT today.

John S. Watson Named EVP For Strategy & Development

SAN RAMON, Calif., Aug. 14, 2007 -- Chevron Corporation (NYSE: CVX) today announced that John S. Watson will become executive vice president, Strategy and Development, reporting to Dave O'Reilly, chairman and chief executive officer. The new position will take effect January 1, 2008.

Chevron Expands Geothermal Operations in Indonesia

SAN RAMON, Calif., Aug. 13, 2007 -- Chevron Corporation (NYSE:CVX) today announced the start of commercial production at its 110-megawatt (MW) Darajat III geothermal power plant in Garut, West Java, Indonesia.

Chevron Announces Oil Discovery Offshore Angola

SAN RAMON, Calif., Aug. 9, 2007 -- Chevron Corporation (NYSE: CVX) announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and partners made a significant oil discovery in Block 14, offshore Angola.

Sale Of Fuels Marketing Business To Delek

SAN RAMON, Calif., Aug. 9, 2007 -- Chevron Corporation (NYSE: CVX) today announced the completion of the sale by its subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) of their fuels marketing business to Dutch company Delek Benelux B.V., a subsidiary of Israeli company Delek Group. The amount paid to Chevron on the close date of August 8, 2007, was USD $516 million, which excludes a final adjustment amount expected to be settled by the end of the year.

Chevron Net Income Up 24% From Q2 In 2006

SAN RAMON, Calif., July 27, 2007 -- Chevron Corporation (NYSE: CVX) today reported net income of $5.4 billion ($2.52 per share - diluted) for the second quarter 2007, compared with $4.4 billion ($1.97 per share - diluted) in the corresponding 2006 period. For the first half of 2007, net income was $10.1 billion ($4.70 per share - diluted), a 21 percent increase from $8.3 billion ($3.77 per share - diluted) in 2006.

USA's Largest Solar Power & Energy Efficiency Program

San José Unified School District today announced that it has entered into a unique partnership with Chevron Energy Solutions and Bank of America to establish what is believed to be the largest solar power and energy-efficient facilities program in K-12 education in the United States.

Chevron Announces Quarterly Dividend

SAN RAMON, Calif., July 25, 2007 -- The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of 58 cents per share.

Chevron Concludes Successful Well Test in Rosebank

ABERDEEN, Scotland, July 17, 2007 -- Chevron North Sea Limited announced today the successful conclusion of a production test of the Rosebank appraisal well 205/1–1, West of Shetland.

Chevron Issues Interim Update For Second Quarter 2007

SAN RAMON, Calif., July 10, 2007 -- Chevron Corporation (NYSE:CVX) today issued its interim update for the second quarter of 2007.

Developing Enhanced Oil Recovery Technologies

SAN RAMON, Calif., July 9, 2007 -- Chevron Corporation (NYSE: CVX) today announced it has formed a research alliance with The University of Texas at Austin to develop new technologies to increase the amount of oil recovered from mature and challenging reservoirs.

Tahiti Project Delayed For Mooring Shackles

SAN RAMON, Calif., June 28, 2007 -- Chevron Corporation (NYSE: CVX) today announced its $3.5 billion Tahiti project in the Gulf of Mexico will face delays because of metallurgical problems discovered in the facility's mooring shackles.

Chevron Sells Fuel Business in Uruguay to D.U.C.S.A.

MONTEVIDEO, Uruguay, June 27, 2007 -- Chevron Latin America Marketing LLC and Chevron Amazonas LLC, both indirect, wholly owned subsidiaries of Chevron Corporation, have signed an agreement with D.U.C.S.A. - the state owned petroleum marketing and distribution company operating under the ANCAP brand - for D.U.C.S.A. to purchase the Chevron fuels marketing business in Uruguay.

Texaco Capital Inc. Announces Purchase Prices in Offer

SAN RAMON, Calif., June 19, 2007 -- Texaco Capital Inc. ("TCI"), an indirect wholly owned subsidiary of Chevron Corporation (NYSE: CVX), announced today the purchase prices to be paid pursuant to its Purchase Offer dated June 8, 2007 (the "Purchase Offer") with respect to all of its outstanding debt securities specified in the table below (the "Securities").

GBC Recognizes Chevron HIV/AIDS Policy

SAN RAMON, Calif., June 13, 2007 -- Chevron's efforts to fight the spread of HIV/AIDS around the world have been recognized by the Global Business Coalition (GBC) with a Business Excellence in the Workplace Award.

Offer To Purchase Debt Securities For Cash

SAN RAMON, Calif., June 8, 2007 -- Texaco Capital Inc. ("TCI"), an indirect wholly owned subsidiary of Chevron Corporation ("Chevron") (NYSE: CVX), announced today that it is offering to purchase for cash any and all of its outstanding debt securities specified in the table below (the "Securities").

Safe Release Of Employees Kidnapped In Nigeria

SAN RAMON, Calif., June 2, 2007 -- Earlier today, the six Chevron employees kidnapped from a Chevron Nigeria Limited oil vessel offshore Nigeria's Bayelsa state on May 1, 2007 were released.

Response To California AB32 MAC Report

SAN RAMON, Calif., June 1, 2007 -- Chevron (NYSE: CVX) issued the following statement in response to the California AB32 Market Advisory Committee Report issued earlier today:

Fully Operational Biodiesel Plant In Galveston

SAN RAMON, Calif. and HOUSTON, Texas, May 29, 2007 -- BioSelect Fuels LLC, a division of Standard Renewable Energy LLC, and Chevron Technology Ventures, a division of Chevron USA, unveiled their biodiesel plant in Galveston, Texas today.

Gas Sales Agreement In Trinidad & Tobago

SAN RAMON, Calif., May 29, 2007 -- Chevron Corporation (NYSE: CVX) today announced that its affiliate Chevron Trinidad and Tobago Resources SRL and partner BG Group have entered into a gas sales agreement with the National Gas Company of Trinidad and Tobago Limited (NGC) for the supply of 220 million standard cubic feet of natural gas per day for a term of 11 years, with an option to extend for another four years. Deliveries are expected to begin in 2009.

The Strategic Biofuels Research Alliance

SAN RAMON, Calif., May 29, 2007 -- Chevron Corporation (NYSE: CVX) and the Texas A&M Agriculture and Engineering BioEnergy Alliance (Texas A&M BioEnergy Alliance) announced today that they have entered into a strategic research agreement to accelerate the production and conversion of crops for manufacturing ethanol and other biofuels from cellulose.

Agreement To Sell Fuels Marketing Business

SAN RAMON, Calif., May 24, 2007 -- Chevron Corporation today announced the signing of an agreement by its subsidiaries in Belgium, the Netherlands and Luxembourg (Benelux) to sell their fuels marketing business to Dutch company Delek Benelux B.V., a subsidiary of Israeli company Delek Petroleum.

Agreement To Divest Shares In Dynegy Inc.

SAN RAMON, Calif., May 21, 2007 -- Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE:CVX), has agreed to sell all 96,891,014 of its shares of Class A common stock of Dynegy Inc. (NYSE:DYN) in an underwritten public offering.

Chevron Invests $4 MM for Education in New Orleans

NEW ORLEANS, La., May 15, 2007 -- Chevron Corporation (NYSE: CVX) has today announced that it will invest up to $4 million to support science education in selected Orleans Parish public middle schools through its Energy for Learning program.

Exporting Natural Gas From Colombia To Venezuela

CARACAS, Venezuela, May 13, 2007 -- Chevron Petroleum Company, an affiliate of Chevron Corporation, and Ecopetrol, S.A. signed with PDVSA Gas, S.A. a sales contract to start delivering natural gas from Colombia to Venezuela by January 1, 2008, within the frame of the agreement recently signed by the governments of Colombia and Venezuela to export/import natural gas.

Turning Restaurant Grease Into Renewable Power

RIALTO, Calif., May 8, 2007 -- Chevron Energy Solutions, a Chevron (NYSE: CVX) subsidiary, today announced that it has begun engineering and construction of an innovative system at the City of Rialto's wastewater treatment facility that will transform wastewater sludge and kitchen grease from local restaurants into clean, renewable power.

Statement on Chevron Nigeria Incident

SAN RAMON, Calif., May 1, 2007 -- A Chevron Nigeria Limited oil vessel was boarded by militants offshore Nigeria's Bayelsa state earlier today.