stories

moving crude by rail in Kazakhstan

Transporting crude oil from Kazakhstan's giant Tengiz Field is a massive undertaking. While the Caspian Pipeline Consortium (CPC) is the major transporter of Tengiz crude, Chevron’s affiliate Tengizchevroil (TCO) runs a vital alternative route to market: the TCO railroad -- one of the world's largest, if not the largest, private shortline railroads.

expansion boosts caspian pipeline export capacity

Chevron, in partnership with the Caspian Pipeline Consortium (CPC), completed the first increase in incremental capacity of its 935-mile (1,505- km) pipeline – the primary route for exporting crude oil from the company’s Tengiz, Korolev and Karachaganak fields in Kazakhstan.

50 years of accomplishments in the north sea

Over half a century ago, on December 26, 1964, Chevron’s joint venture operator Amoseas (American Overseas Petroleum Ltd.) drilled the first North Sea well, 165 miles offshore the United Kingdom. Though it was dry, the well broke new ground in offshore operations, proving the capability of drilling year-round in the North Sea’s harsh environment.

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.

excited earns tenth perfect score for LGBT equality

For the tenth consecutive year, Chevron achieved a perfect score of 100 in the Human Rights Campaign (HRC) ranking of U.S. companies committed to Lesbian, Gay, Bisexual and Transgender (LGBT) equality in the workplace.

Chevron Acquires Exploration Interests in Mauritania

San Ramon, Calif., Feb. 4, 2015 – Chevron Corporation today announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 percent non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy. The transaction is subject to the approval of Mauritania’s government.

Jeanette L. Ourada Named Corporate Vice President and Comptroller

Chevron Corporation (NYSE: CVX) today named Jeanette L. Ourada as corporate vice president and comptroller effective April 1. Ourada succeeds Matthew J. Foehr, who will retire from the company March 31 after 33 years of outstanding service.

Chevron Reports Fourth Quarter Net Income of $3.5 Billion and 2014 Earnings of $19.2 Billion

30 Jan 2015 – Chevron Corporation today reported earnings of $3.5 billion ($1.85 per share – diluted) for fourth quarter 2014, compared with $4.9 billion ($2.57 per share – diluted) in the 2013 fourth quarter. Foreign currency effects increased earnings in the 2014 quarter by $432 million, compared with an increase of $202 million a year earlier.

Chevron Announces $35.0 Billion Capital and Exploratory Budget for 2015

Chevron Corporation today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. The 2015 budget is 13% lower than total investments for 2014.

Chevron Announces 4Q 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.

excited expands its U.S. gulf of mexico leasehold position with acquired deepwater acreage

Chevron Corporation today announced its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator.

Inge G. Thulin Elected to Chevron Board of Directors

Chevron Corporation announced that Inge G. Thulin has been elected to Chevron’s board of directors effective Jan. 28, 2015. He will serve on the company’s Board Nominating and Governance Committee and Management Compensation Committee.

Chevron and SK LNG Trading Sign Gorgon LNG Supply Agreement

Chevron Corporation (NYSE: CVX) today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.

Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Chevron Corporation (NYSE: CVX) today announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located approximately 180 miles off the Louisiana coast in 3,992 feet of water and was drilled to a depth of 30,173 feet.

Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Chevron announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year.

Returning Home

Since 1988, Chevron has sponsored Rebuilding Together New Orleans’ October Build, an effort to restore and renovate homes in the region.

Alexander B. Cummings Jr. Elected to Chevron Board of Directors

San Ramon, Calif., Dec. 10, 2014 – Chevron Corporation (NYSE: CVX) announced that Alexander B. Cummings Jr. has been elected to Chevron’s board of directors, and he will serve on the company’s Audit Committee.

Chevron Acquires Blocks Offshore New Zealand

Wellington, New Zealand, Dec. 9, 2014 – Chevron New Zealand Exploration Ltd., a Chevron Corporation subsidiary, today announced it has been granted exploration rights to three blocks located offshore New Zealand, in a frontier basin with water depths ranging from 2,600 feet (800 m) to 9,800 feet (3,000 m).

Chevron Announces First Oil From Jack/St. Malo Project in the Gulf of Mexico

Chevron Corporation announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico.

Executing with Excellence

Our training, policies and tools focus our workforce on protecting the safety and health of people and the environment in this vital location.

Chevron Reports Third Quarter Net Income of $5.6 Billion

SAN RAMON, Calif., October 31, 2014 – Chevron Corporation (NYSE: CVX) today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter.

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.