stories

Chevron Announces 3Q 2014 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.

Chevron Sanctions Stampede Project in the Deepwater U.S. Gulf of Mexico

SAN RAMON, Calif., Oct. 28, 2014 – Chevron Corporation (NYSE: CVX) announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S. Gulf of Mexico.

Chevron Announces First Gas From Bangladesh Bibiyana Expansion Project

Chevron Corporation (NYSE: CVX) today announced that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country.

Chevron Launches Appalachia Partnership Initiative

Chevron Corporation (NYSE: CVX) today announced the launch of the Appalachia Partnership Initiative, a $20 million effort, designed to address education and workforce development in 27 counties across southwest Pennsylvania, northern West Virginia and eastern Ohio.

Mary A. Francis Named Corporate Secretary and Chief Governance Officer

SAN RAMON, Calif., Oct. 9, 2014 – Chevron Corporation (NYSE: CVX) today named Mary A. Francis corporate secretary and chief governance officer effective May 1, 2015.

Chevron Announces Sale and Joint Venture Partnership for Duvernay Shale Assets in Canada with KUFPEC

Chevron Corporation (NYSE: CVX) today announced that its indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 percent interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion.

Rhonda I. Zygocki Announces Retirement; Senior Leadership Reporting Assignments Announced

Chevron Corporation (NYSE: CVX) announced today that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb. 1, 2015. The company also said it is making new reporting assignments for several executives.

Chevron Expands Fuel Your School Program to Help Fund Classroom Projects

Chevron U.S.A. Inc. today announced the launch and expansion of the 2014 Fuel Your School program, an innovative collaboration with DonorsChoose.org, an online organization that makes it easy for anyone to help students in need. In 2014, the Fuel Your School Program will generate up to $8.6 million in classroom supply funding for educators in 22 U.S. communities in 14 states where Chevron operates, with the help of local Chevron and Texaco marketers in 6 markets.

Notice of Proposed Voluntary Dismissal of a Shareholder Derivative Action

SAN RAMON, Calif., August 14, 2014 –This notice relates to a proposed voluntary dismissal of a shareholder derivative action and is being given pursuant to an order of The United States District Court for the Northern District of California. The purpose of the notice is to advise Chevron shareholders that plaintiff, Stephen Bushansky, in the below referenced action wishes to voluntarily dismiss the case. Additional information on the action and right to intervene can be found below.

Chevron Reports Second Quarter Net Income of $5.7 Billion

SAN RAMON, Calif., August 1, 2014 – Chevron Corporation (NYSE: CVX) today reported earnings of $5.7 billion ($2.98 per share – diluted) for second quarter 2014, compared with $5.4 billion ($2.77 per share – diluted) in the 2013 second quarter. Foreign currency effects decreased earnings in the 2014 quarter by $232 million, compared with an increase of $302 million a year earlier.

Commercial Production Begins at Chevron’s New Premium Base Oil Plant

Chevron Corporation subsidiary Chevron U.S.A. Inc. announced that it has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company’s Pascagoula refinery.

Chevron Issues Interim Update for Second Quarter 2014

Chevron Corporation today reported in its interim update that earnings for the second quarter 2014 are expected to be higher than first quarter 2014 as a result of gains on asset sales and an absence of impairments in the prior quarter.

Chevron Announces Sale of Interests in Chad and Cameroon

Chevron Corporation today announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $1.3 billion. The sale closed June 13.

Chevron Increases Support for Niger Delta Partnership Initiative

Chevron Corporation announced today that it is increasing its support to the Niger Delta Partnership Initiative (NDPI) Foundation.

Chevron Highlights 2013 Performance and Future Growth at Annual Meeting of Stockholders

SAN RAMON, Calif., May 28, 2014 – Chevron Corporation (NYSE: CVX) today provided an overview of the company’s 2013 operational and social performance and future growth plans at its 2014 Annual Meeting of Stockholders in Midland, Texas.

Chevron Corporation Reaches Settlement Agreement With Patton Boggs Law Firm

SAN RAMON, Calif., May 7, 2014 – Chevron Corporation (NYSE: CVX) today announced it has reached a settlement agreement with Patton Boggs LLP, a lobbying and law firm headquartered in Washington, D.C. Chevron had filed counterclaims in federal court against Patton Boggs for its role in a lawsuit against the company in Ecuador.

Chevron Reports First Quarter Net Income of $4.5 Billion

Chevron Corporation today reported earnings of $4.5 billion ($2.36 per share – diluted) for the first quarter 2014, compared with $6.2 billion ($3.18 per share – diluted) in the 2013 first quarter. Sales and other operating revenues in the first quarter 2014 were $51 billion, compared to $54 billion in the year-ago period.

Chevron Issues Science, Technology, Engineering and Math (STEM) Call to Action for Business

Chevron Corporation today, as part of National Science Week, issued a call to action to other businesses to join the company in supporting project-based learning methods to increase engagement in STEM and promote engineering design thinking in classrooms across the U.S.

Chevron, YPF Continue Development of Vaca Muerta Shale in Argentina

Chevron Corporation confirms subsidiaries of the company have signed agreements with the Argentine oil company YPF S.A. to continue development of shale oil and gas resources from the Vaca Muerta formation in the Neuquén province in Argentina.

Chevron Issues Interim Update for First Quarter 2014

Chevron Corporation (NYSE: CVX) today reported in its interim update that earnings for the first quarter 2014 are expected to be lower than fourth quarter 2013.

Chevron Acquires Shallow Water Acreage Offshore Myanmar

Chevron Corporation (NYSE: CVX) today announced its Myanmar subsidiary, Unocal Myanmar Offshore Co., Ltd., has been granted exploration rights in a block located offshore Myanmar, in the Rakhine basin.

Chevron Increases Support for HIV Prevention in Niger Delta

Chevron Corporation announced today that it is increasing its support to programs in Nigeria that prevent mother-to-child transmission of HIV (PROMOT), building on initial success in the heart of the Niger Delta.

Chevron Reaffirms Strategies, Highlights Performance, Portfolio and Future Growth

Chevron Corporation is continuing to generate industry-leading operational and financial results and advancing key projects to drive future growth, executives said today at the company’s annual security analyst meeting in New York.

U.S. Court Declares Ecuador Judgment Against Chevron Corporation Fraudulent, Unenforceable

The U.S. District Court for the Southern District of New York today ruled that the $9.5 billion judgment against Chevron Corporation in Ecuador was the product of fraud and racketeering activity, finding it unenforceable.

Chevron, GE Form Technology Alliance

Chevron Energy Technology Company and GE Oil & Gas announced the creation of the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies for the oil and gas industry.

Chevron Reports Fourth Quarter Net Income of $4.9 Billion and 2013 Earnings of $21.4 Billion

Chevron Corporation today reported earnings of $4.9 billion ($2.57 per share – diluted) for the fourth quarter 2013, compared with $7.2 billion ($3.70 per share – diluted) in the 2012 fourth quarter. Full-year 2013 earnings were $21.4 billion ($11.09 per share – diluted), down 18 percent from $26.2 billion ($13.32 per share – diluted) in 2012. Sales and other operating revenues in the fourth quarter 2013 were $54 billion, compared to $56 billion in the year-ago period.

Chevron Makes Final Investment Decision on Alder Field in the United Kingdom

Chevron Corporation (NYSE: CVX) announced today that its U.K. subsidiary, Chevron North Sea Limited, has reached a final investment decision and received approval from the U.K. government to proceed with the development of the Alder Field in the Central North Sea.