stories

Chevron Corp. Statement on Dutch Court Decision on Arbitral Awards

The District Court of The Hague has ruled in favor of Chevron Corp., rejecting an attempt by the Republic of Ecuador to nullify, or set aside, several arbitral awards rendered against Ecuador by an international arbitration tribunal that is hearing the company’s claims related to the fraudulent lawsuit against Chevron.

Chevron and ENN Sign Gorgon LNG Agreement

Chevron signs a non-binding Heads of Agreement with ENN LNG Trading Company Limited for the delivery of liquefied natural gas to China.

Chevron and China Huadian Sign Heads of Agreement for Long Term LNG Supply

The company announced that it has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement with China Huadian Green Energy Co., Ltd. When the agreement is finalized, China Huadian Green Energy is expected to receive up to 1 million metric tons per annum of LNG over 10 years starting in 2020.

Supreme Court of Gibraltar Rules Against Donziger Offshore Company; Awards Chevron $28 Million

The Supreme Court of Gibraltar has issued a judgment against Amazonia Recovery Ltd., a Gibraltar-based company set up to receive and distribute funds resulting from a fraudulent Ecuadorian judgment against Chevron.

First Deepwater Development From Moho Bilondo

Chevron Corporation (NYSE: CVX) confirmed today that its subsidiary, Chevron Overseas (Congo) Limited, and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore the Republic of Congo.

1st Production From Lianzi Development Offshore

Chevron Corporation announces Chevron Overseas (Congo) Limited has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.

Chevron Reports Third Quarter Net Income of $2.0 Billion

Chevron Corporation today reported earnings of $2.0 billion ($1.09 per share – diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share – diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier.

Chevron Announces Q3 2015 Quarterly Dividend

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable December 10, 2015, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2015.

Chevron Announces Senior Management Changes

Chevron Corporation announced today that two of its top executives will assume new roles effective Jan. 1, 2016.

H5 Settles With Chevron Over Ecuadorian Lawsuit

Chevron Corporation has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn its support from the litigation against Chevron in Ecuador and has assigned its 1.25 percent interest in the $9.5 billion Ecuadorian judgment to Chevron.

2015's Fuel Your School Raises $8 Million

Chevron U.S.A. Inc. (NYSE: CVX) today announced the launch of its 2015 Fuel Your School program, an innovative collaboration with DonorsChoose.org to support public education in 21 U.S. communities, with the help of local Chevron and Texaco marketers in five markets.

Chevron Reports Second Quarter Net Income of $571 MM

Chevron Corporation (NYSE: CVX) today reported earnings of $571 million ($0.30 per share – diluted) for second quarter 2015, compared with earnings of $5.7 billion ($2.98 per share – diluted) in the 2014 second quarter.

Moving Gulf Of Mexico Platform To Sheltered Waters

Chevron Corporation today advised that the Big Foot tension-leg platform (TLP) will be moved to sheltered waters from its location in the deepwater U.S. Gulf of Mexico following damage to subsea installation tendons.

Chevron Highlights 2014 Performance and Future Growth

Chevron Corporation today provided an overview of the company’s 2014 operational and social performance and how the company is managing through current market conditions at its 2015 Annual Meeting of Stockholders in San Ramon, California.

Another Key Funder of Fraudulent Ecuador Litigation Against Chevron Withdraws Support

Chevron Corporation has reached a settlement agreement with Woodsford Litigation Funding Limited, a U.K.-based litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against Chevron in Ecuador.

Chevron Reports First Quarter Net Income of $2.6 Billion

Chevron Corporation today reported earnings of $2.6 billion ($1.37 per share – diluted) for first quarter 2015, compared with $4.5 billion ($2.36 per share – diluted) in the 2014 first quarter. Foreign currency effects increased earnings in the 2015 quarter by $580 million, compared with a decrease of $79 million a year earlier.

Chevron Announces 1Q 2015 Quarterly Dividend

The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable June 10, 2015, to holders of common stock as shown on the transfer records of the Corporation at the close of business on May 19, 2015.

$30 Million Thailand Partnership Initiative

Chevron Thailand Exploration and Production, Ltd., announces a $30 million commitment to create the Thailand Partnership Initiative, a five-year program to strengthen Thailand’s competiveness and innovation by improving science, technology, engineering and mathematics education and vocational education across the country.

George Kirkland, Vice Chairman and Executive Vice President, Upstream, to Retire

Company confirms that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company and that he will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream.

Finalized Sale Of Interest In Caltex Australia

Chevron Corporation today announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares in Caltex Australia Limited (CAL) at a share price of AUD$35.00.

Sale Of Interest In Caltex Australia Ltd

San Ramon, Calif., March 26, 2015 – Chevron Corporation’s (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Australia Limited (CAL).

Chevron Subsidiary Signs Contract in Myanmar

MYANMAR, Mar 24, 2015 – Chevron Corporation announced today that its subsidiary, Unocal Myanmar Offshore Co., Ltd., has entered into a Production Sharing Contract (PSC) with Myanma Oil & Gas Enterprise (MOGE), the national oil and gas company, to explore for oil and gas in the Rakhine Basin.

Chevron Reaffirms Strategies, Financial Priorities and Growth Outlook

NEW YORK, N.Y., March 10, 2015 – Chevron Corporation (NYSE: CVX) executives, at the company’s annual security analyst meeting in New York, expressed confidence in the long-term energy business and highlighted its growth outlook through 2017. At the same time, company executives outlined near-term actions to address the recent decline in commodity prices.

Financial Backer of Fraudulent Ecuador Litigation Withdraws Support, Settles

Chevron Corporation has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador.