stories

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 Supports 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.

Chevron Issues Interim Update for Fourth Quarter 2013

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

Chevron Corp. Statement on Canadian Court of Appeal Decision in Ecuador Enforcement Proceeding

In granting the appeal, the Court of Appeal for Ontario did not address whether the Ecuadorian judgment was procured by fraud or whether the Ecuadorian judgment should be recognized or enforced at all against Chevron Corp. or its independent, indirect subsidiary, Chevron Canada Limited.

Jon M. Huntsman Jr. Elected to Chevron BOD

Chevron Corporation (NYSE: CVX) announced that Jon M. Huntsman Jr. has been elected to Chevron’s board of directors, effective Jan. 15, 2014, and will serve on the company’s Board Nominating and Governance Committee and Public Policy Committee.

Chevron Announces $39.8 Billion Capital and Exploratory Budget for 2014

SAN RAMON, Calif., Dec. 11, 2013 – Chevron Corporation (NYSE: CVX) today announced a $39.8 billion capital and exploratory investment program for 2014. Included in the 2014 program are $4.8 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron.

Increasing Global Fund Investment To $60 MM

Chevron Corporation (NYSE:CVX) announced that it will commit an additional $5 million over two years to The Global Fund to Fight AIDS, Tuberculosis and Malaria to target the prevention of mother-to-child transmission of HIV (PMTCT) in Nigeria.

Ecuador’s High Court Ignores Fraud, Upholds Judgment Against Chevron

SAN RAMON, Calif., Nov. 13 -- Despite overwhelming evidence of fraud, bribery and corruption, Ecuador’s National Court of Justice ratified the fraudulent Lago Agrio judgment against Chevron Corporation (NYSE:CVX), once again violating the nation’s international obligations and the rule of law.

Chevron Contributes $1.5 Million to Typhoon Haiyan Relief Efforts

SAN RAMON, Calif., Nov. 13, 2013 – Chevron Corporation (NYSE: CVX) announced today that it has contributed $1.5 million to the American Red Cross to provide disaster relief assistance to Philippine communities affected by Typhoon Haiyan.

Chevron Confirms First Oil Production from Papa-Terra Offshore Brazil

Chevron confirmed today that its Brazilian subsidiary and Petrobras have started crude oil production from Papa-Terra’s floating production, storage and offloading vessel offshore Brazil.

Chevron Reports Third Quarter Net Income of $5.0 Billion

Chevron Corporation (NYSE: CVX) today reported earnings of $5.0 billion ($2.57 per share – diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per share – diluted) in the 2012 third quarter.

Chevron Establishes Recoverable Resource in the Duvernay Shale Play

Chevron Corporation today announced the successful conclusion of the initial exploration phase by its Canadian subsidiary, Chevron Canada Limited, in the Kaybob area of the Duvernay play, located in west-central Alberta, Canada.

Chevron Acquires New Acreage Offshore Australia

SAN RAMON, Calif., Oct. 22, 2013 – Chevron Corporation (NYSE:CVX) today announced its Australia subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin.

Chevron Issues Interim Update for Third Quarter 2013

SAN RAMON, Calif., October 9, 2013 – Chevron Corporation (NYSE: CVX) today reported in its interim update that earnings for the third quarter 2013 are expected to be lower than in the second quarter. Upstream results for the third quarter are projected to be slightly higher than the prior quarter while downstream earnings are expected to be significantly lower. Second quarter earnings included foreign exchange gains of approximately $300 million, compared to similarly sized losses anticipated for the third quarter. The interim update contains industry and company operating data for the first two months of the third quarter. Readers are advised that the commentary below compares results for the first two months of the third quarter 2013 to full second quarter 2013 results, unless indicated otherwise.

Chevron Announces Key Senior Leadership Appointments

Chevron Corporation (NYSE: CVX) today announced that it is making three key appointments to its executive team and realigning its existing technology and services organizations.

Chevron and Tohoku Electric Wheatstone LNG Agreement

Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiaries have signed binding long-term Sales and Purchase Agreements (SPAs) with Tohoku Electric Power Company, Inc. (Tohoku) to supply liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia.