Welcome to our dedicated page for Chevron news (Ticker: CVX), a resource for investors and traders seeking the latest updates and insights on Chevron stock.
Chevron Corporation (NYSE: CVX) is frequently in the news as one of the world’s leading integrated energy companies. Company announcements highlight its role in producing crude oil and natural gas, manufacturing transportation fuels, lubricants, petrochemicals and additives, and developing technologies that support both its core energy operations and its emerging new energies businesses.
News about Chevron often centers on quarterly and annual financial results, including earnings, cash flow from operations, capital expenditures, and segment performance in U.S. and international upstream and downstream operations. These releases provide details on net oil-equivalent production, refinery crude unit inputs, refined product sales, and the contribution of affiliates such as Tengizchevroil. They also discuss how acquisitions like Hess Corporation affect production, earnings, and portfolio composition.
Investors following CVX news will see regular updates on capital programs and guidance. Chevron has announced multi-year capital expenditure ranges, with most spending directed to upstream projects such as U.S. shale and tight assets and global offshore developments, and a portion allocated to downstream projects and initiatives that lower the carbon intensity of operations and grow new energies businesses. Investor day presentations describe expectations for cash flow growth, return on capital employed, and synergies from acquisitions.
Chevron’s news flow also includes leadership and governance developments, such as changes in executive roles, appointments to the board of directors, and amendments to corporate by-laws. In addition, the company issues advisories for earnings conference calls and webcasts, giving investors and analysts access to management’s commentary on results and outlook.
Another theme in Chevron-related news is its expansion into new energies and power solutions, including renewable fuels, carbon capture and offsets, hydrogen, and power generation for data centers. The company’s involvement with technology partners, such as its use of a predictive procurement platform described by Arkestro, illustrates how Chevron applies digital tools to procurement and supply chain management.
For anyone tracking CVX, this news page brings together earnings releases, capital program updates, acquisition integration milestones, leadership changes, and strategic announcements on new energy initiatives, providing a consolidated view of Chevron’s ongoing developments.
Chevron Corporation (NYSE: CVX) has approved the Ballymore project in the U.S. Gulf of Mexico, aiming for a capacity of 75,000 barrels of oil per day. This project utilizes a subsea tieback method to the Blind Faith platform, significantly lowering development costs. With an investment of $1.6 billion, first oil is anticipated by 2025. The potential recoverable resources are estimated at over 150 million barrels.
Chevron Corporation (NYSE: CVX) and PT Pertamina (Persero) have entered into a partnership to explore lower carbon business opportunities in Indonesia. The partnership aims to leverage novel geothermal technologies, carbon offsets, carbon capture, utilization, and storage (CCUS), and lower carbon hydrogen solutions. This collaboration follows a Memorandum of Understanding signed in Washington, D.C., as both companies support Indonesia's target for net zero emissions by 2060. Pertamina aims to increase its renewable energy mix from 9.2% in 2019 to 17.7% by 2030, enhancing local energy security.
Chevron Products Company has unveiled a new package design for its Chevron Delo heavy-duty diesel engine oils, including the Delo 400 XSP SAE 15W-40. The ergonomic design features a two-handle 1-gallon jug for improved handling, an air-scoop opening to reduce spills, and updated labels for easier product selection. The packaging transition begins this month, informed by extensive customer feedback aimed at enhancing user experience.
Chevron, Talos Energy, and Carbonvert have signed a memorandum of understanding (MOU) to expand their joint venture on the Bayou Bend CCS project in Texas. This hub aims to sequester up to 275 million metric tons of CO2. Chevron will hold a 50% equity stake, with Talos and Carbonvert each holding 25%. The joint venture is positioned as a significant step in the development of offshore carbon capture and storage in the U.S., following the initial 2021 lease win.
Chevron U.S.A. and Bunge North America have formed Bunge Chevron Ag Renewables LLC, marking the completion of their previously announced joint venture. This new entity aims to innovate in the development of renewable fuel feedstocks by combining Bunge's oilseed processing expertise with Chevron's fuel manufacturing capabilities. The collaboration underscores both companies' commitment to sustainability and meeting the growing demand for cleaner energy solutions.
Chevron Corporation (NYSE: CVX) reported earnings of $6.3 billion for Q1 2022, markedly up from $1.4 billion in Q1 2021, translating to $3.22 per share. Adjusted earnings stood at $6.5 billion. Cash flow from operations reached $8.1 billion with free cash flow at $6.1 billion. The company achieved record unconventional production in the Permian Basin at 692,000 barrels of oil equivalent per day. Chevron's capital expenditures increased to $2.8 billion, reflecting a 10% rise from last year, as it aims to expand its operations in energy and renewables.
The Board of Directors of Chevron Corporation (NYSE: CVX) has declared a quarterly dividend of $1.42 per share, scheduled for payment on June 10, 2022. Shareholders on record as of the close of business on May 19, 2022, will receive this dividend. Chevron continues to focus on producing reliable and cleaner energy while also developing technologies to enhance operational efficiency. The company aims to lower carbon intensity in its operations and grow its lower carbon businesses alongside traditional energy sources.
Bunge (NYSE: BG) and Chevron (NYSE: CVX) have announced a strategic partnership with CoverCress Inc. to develop a new renewable oilseed and animal feed crop. This collaboration aims to enhance sustainability in agriculture and meet the growing demand for renewable fuels. The CoverCress™ technology, derived from field pennycress, will provide farmers with an additional revenue stream while benefiting soil health. Both companies have invested in CCI, which will supply grain for processing, establishing a dedicated farm-to-fuel supply chain.
Chevron Corporation (NYSE: CVX) will host its quarterly earnings conference call on April 29, 2022, at 11:00 a.m. ET. Key speakers include CEO Mike Wirth and CFO Pierre Breber. Investors can listen in via the dial-in number 800-357-3979 or through a live webcast on www.chevron.com. Chevron emphasizes its commitment to sustainable energy solutions alongside traditional operations, including crude oil and natural gas production.
Chevron (NYSE: CVX) has joined the Global Centre for Maritime Decarbonisation (GCMD) to support the development of scalable lower carbon technologies, including ammonia as marine fuel. This partnership aims to advance decarbonization in the hard-to-abate shipping sector, facilitating pilot projects and aligning with the International Maritime Organization's climate goals. Chevron's New Energies unit, launched in 2021, focuses on lower carbon solutions like hydrogen and carbon capture. This collaboration underscores Chevron's commitment to reducing carbon intensity across the maritime value chain.
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