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 reports news across its integrated energy operations, including crude oil and natural gas production, refining, transportation fuels, lubricants, petrochemicals, additives, and energy technologies. Company updates commonly cover quarterly earnings, cash flow, shareholder returns, upstream production volumes, downstream refining throughput, commodity-price effects, legal reserves, and operating conditions across its global asset base.
Chevron news also reflects governance and capital-structure topics, material agreements, and strategy around growing oil and gas, lowering the carbon intensity of operations, and developing new energies businesses.
Chevron Corporation (NYSE: CVX) has adopted a 2050 net zero aspiration for upstream Scope 1 and 2 emissions and established a new 2028 GHG intensity target for Scope 1, 2, and 3 emissions. The company is focusing on a Portfolio Carbon Intensity target, which integrates Scope 3 emissions from product usage. Chevron aims for a greater than 5% reduction in carbon emissions intensity from 2016 levels by 2028. The updated climate change report emphasizes Chevron's commitment to transparent carbon accounting and engagement with stakeholders to advance a lower carbon future.
Chevron Corporation (CVX) announced pricing terms for 23 cash purchase offers totaling $2.0 billion for outstanding notes. The Offers encompass various series of notes, including 5.250% and 6.000% notes maturing between 2041 and 2047. The calculated Total Consideration varies per series, influenced by the U.S. Treasury yield. The Offers expire on October 8, 2021, with potential extensions. Accepted notes will receive cash payments on the corresponding settlement dates, including accrued interest.
Chevron Phillips Chemical Company announces the retirement of Scott Sharp, executive vice president, effective Nov. 1, 2021, after 42 years with the company and Chevron Corporation (CVX). Sharp's contributions include overseeing joint ventures in Qatar and leading U.S. Gulf Coast expansion projects. In his place, Elliott Johnson will become senior vice president of EHS&S and Steve Prusak will expand his role to include the projects organization. The new leadership aims to continue advancing growth initiatives in the U.S. and Qatar.
Team, Inc. (NYSE: TISI) has secured a multi-year contract with Chevron Corporation (NYSE: CVX) aimed at enhancing their mechanical integrity program. This partnership will integrate Chevron's upstream assets into TEAM's OneInsight™ platform, focusing on inspection, testing, and analytics. TEAM's Chairman and CEO, Amerino Gatti, emphasized the importance of emissions compliance and maintaining wellhead integrity. The collaboration aims to leverage TEAM's technological capabilities to offer comprehensive integrity services, addressing the growing demand in the upstream sector.
Chevron Corporation (NYSE: CVX) has initiated offers to purchase up to $2 billion of outstanding notes across 23 separate series. The acceptance of notes will follow specific priority levels, with no proration. The offers are conditioned on meeting the Maximum Purchase Condition and are set to expire on October 8, 2021. Holders whose notes are accepted will receive a Total Consideration plus accrued interest on the settlement dates, expected to be October 12 and 14, 2021. The company reserves the right to waive conditions and alter the offers.
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Chevron Corporation (NYSE: CVX) announced the successful closure of its acquisition of an equity interest in American Natural Gas LLC, which includes a network of 60 compressed natural gas stations in the United States. This acquisition, previously announced, emphasizes Chevron's commitment to expanding its lower carbon business operations. American Natural Gas aims to support the transition to cleaner energy through its CNG fueling network.
Chevron Corporation (NYSE: CVX) will hold its quarterly earnings conference call on Friday, October 29, 2021, at 11:00 a.m. ET. The call will feature executives including Mark Nelson, Pierre Breber, and Roderick Green.
Investors can listen via a dial-in at 929-477-0308 or 800-289-0449, using conference ID 8912677. The live webcast will be available at www.chevron.com, with a replay accessible later in the Investors section.
Chevron Corporation (NYSE: CVX) has appointed Marissa Badenhorst as vice president of Health, Safety and Environment, effective January 1, 2022. Badenhorst succeeds Dave Payne, who is retiring on April 1, 2022, after 39 years with the company. Badenhorst previously served as general manager of Enterprise Process Safety and has over 20 years of experience at Chevron, holding various leadership roles globally. Under Badenhorst's leadership, Chevron aims to continue its record in safety performance.
Chevron Corporation mourns the passing of Alfred C. DeCrane, Jr., former Texaco Chairman and CEO, who died at age 90 on September 22, 2021. DeCrane's leadership during pivotal times for Texaco is acknowledged by current CEO Mike Wirth, who emphasized the legacy he leaves behind. DeCrane's career began at Texaco in 1959, leading to significant roles culminating in his appointment as CEO in 1993. His contributions extended beyond Texaco, including work for corporate boards after retirement in 1996. He is remembered fondly by colleagues and family.