stories

Parterning with the Fab Foundation

Chevron supports the Fab Foundation, which provides students with access to tools and technology in order to educate, innovate and invent.

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.

Chevron Concludes Sale of Interest in Caltex Australia Ltd

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.

Chevron Announces 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 Production Sharing 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.

loma campana shale hits stride in Argentina

The Loma Campana project in Argentina is quickly developing the Vaca Muerta Shale formation using a combination of innovative drilling technology and collaboration.

excited receives the 2015 catalyst award

Chevron received the prestigious 2015 Catalyst Award for its The Chevron Way: Engineering Opportunities for Women initiative. The award honors innovative initiatives by companies committed to the recruitment, development and advancement of women.

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.

keeping an eye on the forest

A Chevron research project is revealing new information about the kinds and numbers of wildlife in Mount Halimun Salak National Park in West Java. The project, named Eye on the Forest, was conducted in partnership with Conservation International Indonesia (CII) during a six-month period in 2014. The project’s goal was to monitor jungle’s wildlife in order to maintain a harmonious balance with human activities.

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.