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Chevron Corporation - CVX STOCK NEWS

Welcome to our dedicated page for Chevron Corporation news (Ticker: CVX), a resource for investors and traders seeking the latest updates and insights on Chevron Corporation stock.

Chevron Corporation (NYSE: CVX) is a renowned American multinational energy corporation headquartered in San Ramon, California. As the second-largest direct descendant of Standard Oil, Chevron is a significant player in the global oil and gas industry, operating in over 180 countries. The company's core business includes the exploration, production, and refining of oil and natural gas. Chevron's production activities span North America, South America, Europe, Africa, Asia, and Australia, with a daily output of 3.1 million barrels of oil equivalent, encompassing 7.7 million cubic feet of natural gas and 1.8 million barrels of liquids.

Chevron's refining operations are primarily based in the United States and Asia, boasting a total refining capacity of 1.8 million barrels of oil per day. As of the end of 2023, the company reported proven reserves of 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

In addition to its traditional oil and gas ventures, Chevron is actively pursuing initiatives in renewable energy. A notable example is its partnership with Brightmark Fund Holdings LLC, forming Brightmark RNG Holdings LLC. This venture focuses on producing renewable natural gas (RNG) from dairy manure using anaerobic digestion technology. The latest project under this initiative is the Eloy Renewable Natural Gas center in Eloy, Arizona, which aims to capture methane from local dairy operations, converting it into RNG, fertilizer, and water. This circular approach not only reduces greenhouse gas emissions but also enhances agricultural and energy systems.

The project has significant environmental and economic benefits, including reducing carbon-dioxide equivalent emissions by over 900,000 tons through anaerobic digestion. It also supports the local economy by creating jobs and promoting sustainable agricultural practices.

Chevron continues to innovate and adapt in the rapidly evolving energy sector. The company is committed to lowering the carbon intensity of its operations and expanding into new, lower-carbon businesses such as hydrogen, carbon capture, and other emerging technologies. For more detailed information about Chevron's operations and initiatives, visit their official website at www.chevron.com.

News

Brightmark® RNG Holdings Completes Eloy Development, Launching Renewable Natural Gas Production in the US Southwest

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Brightmark RNG Holdings , in partnership with Chevron U.S.A. Inc., opens the Eloy Renewable Natural Gas center in the Southwest, utilizing anaerobic digestion technology to convert dairy manure into RNG, fertilizer, and water. The project aims to reduce greenhouse gas emissions, equivalent to planting over 37,000 acres of forest annually, while creating jobs and recycling resources back into agricultural and energy systems.
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Chevron Invests in Carbon Capture and Removal Technology Company, ION Clean Energy

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Chevron New Energies (CNE) invests in ION Clean Energy (ION) with $45 million in Series A financing. ION's ICE-31 liquid amine carbon capture technology aims to address hard-to-abate emissions. The investment allows CNE to scale the technology and collaborate with ION's customers. Timothy Vail joins ION as CEO to drive global growth.
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Advisory: Chevron Corporation’s 1Q 2024 Earnings Conference Call and Webcast

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Chevron (CVX) will hold its quarterly earnings conference call on April 26, 2024. The call will feature key speakers discussing the company's financial performance and future strategies. Chevron focuses on producing crude oil, natural gas, transportation fuels, and developing clean energy technologies.
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Chevron Announces Opening of Fab Labs at HBCUs

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Chevron U.S.A. Inc., a subsidiary of Chevron , collaborates with the Fab Foundation to establish cutting-edge Fab Labs at Fort Valley State University and Florida A&M University. These labs aim to advance STEM education, research, and innovation in the Georgia and Tallahassee communities, providing state-of-the-art technology to foster creativity, hands-on learning, and entrepreneurial skills.
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Chevron and JX Sign MOU for Collaboration on Development of CCS Value Chain

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JX Nippon Oil & Gas Exploration and Chevron New Energies have signed a Memorandum Of Understanding to evaluate the export of Carbon Dioxide from Japan to Carbon Capture and Storage projects in Australia and the Asia Pacific region. The collaboration aims to assess the feasibility of the CCS value chain and develop large-scale CCS hubs to advance lower carbon aspirations in the region.
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Pioneering Quantum Computing in the Energy Industry: Chevron Joins OQC's $100 Million Round

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OQC, a quantum computing-as-a-service leader, secures $100m Series B funding with Chevron Technology Ventures joining. Quantum computing in energy market expected to grow at 37.9% CAGR. Chevron's investment signifies a major move into quantum computing.
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Bunge Chevron Ag Renewables to Build New Oilseed Processing Plant in Destrehan, Louisiana

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Bunge (BG) and Chevron (CVX) approve a final investment decision for Bunge Chevron Ag Renewables to build a new oilseed processing plant in Destrehan, LA. The plant aims to process soybeans and softseeds, including novel winter oilseed crops, to meet the rising demand for renewable fuel feedstocks. The facility is set to be operational in 2026, creating jobs and supporting feed and protein markets.
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Chevron announces its first solar-to-hydrogen production project in California’s Central Valley

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Chevron New Energies, a division of Chevron U.S.A. Inc., is developing a 5-megawatt hydrogen production project in California's Central Valley. The project aims to create lower carbon energy using solar power and non-potable produced water. The facility will produce two tons of low carbon intensity (LCI) hydrogen per day, supporting an expanding hydrogen refueling network.
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Chevron Reports Fourth Quarter 2023 Results

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Chevron Corporation (NYSE: CVX) reported earnings of $2.3 billion for Q4 2023, with adjusted earnings of $6.5 billion. A record $26.3 billion was returned to shareholders in 2023. The company announced an 8% increase in quarterly dividend to $1.63/share. Worldwide and U.S. production reached record levels. However, reported earnings declined compared to last year due to lower upstream realizations, decommissioning losses, and higher impairment charges.
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Mark Ross to Retire as President of Chevron Shipping Company, Succeeded by Barbara Pickering

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After 33 years of distinguished service, Mark Ross, President of Chevron Shipping Company, has elected to retire effective May 1, 2024. Barbara Pickering, currently Vice President of Operations, Chevron Shipping Company, will succeed Mark as President. Mark has led Chevron Shipping Company since 2015 and has held positions of increasing responsibility in Chevron’s Midstream, Upstream, and Downstream organizations. Barbara has held positions of increasing responsibility with Chevron in the UK, Australia, and the United States. Under Mark’s leadership, Chevron Shipping Company has delivered exceptional safety and environmental performance and has greatly expanded its marine capabilities.
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FAQ

What is the current stock price of Chevron Corporation (CVX)?

The current stock price of Chevron Corporation (CVX) is $156.93 as of November 8, 2024.

What is the market cap of Chevron Corporation (CVX)?

The market cap of Chevron Corporation (CVX) is approximately 279.6B.

What is Chevron Corporation?

Chevron Corporation is a leading American multinational energy company engaged in oil and gas exploration, production, and refining operations worldwide.

Where is Chevron headquartered?

Chevron is headquartered in San Ramon, California.

What are Chevron's main business operations?

Chevron's core operations include the exploration, production, and refining of oil and natural gas, along with ventures in renewable energy.

How much oil and gas does Chevron produce daily?

Chevron produces 3.1 million barrels of oil equivalent per day, including 7.7 million cubic feet of natural gas and 1.8 million barrels of liquids.

What are Chevron's proven reserves?

As of the end of 2023, Chevron's proven reserves were 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

What is the Brightmark RNG Holdings LLC venture?

Brightmark RNG Holdings LLC is a joint venture between Chevron and Brightmark Fund Holdings LLC, focusing on producing renewable natural gas from dairy manure using anaerobic digestion technology.

What is the Eloy Renewable Natural Gas center?

The Eloy Renewable Natural Gas center in Arizona is a project under Brightmark RNG Holdings LLC that converts dairy manure into renewable natural gas, fertilizer, and water using anaerobic digestion.

How does Chevron contribute to renewable energy?

Chevron is investing in renewable energy projects, including renewable natural gas, hydrogen, carbon capture, and other emerging technologies to lower the carbon intensity of their operations.

What is Chevron's refining capacity?

Chevron's refining capacity is 1.8 million barrels of oil per day, with operations mainly in the United States and Asia.

Where can I find more information about Chevron?

You can find more detailed information about Chevron's operations and initiatives on their official website at www.chevron.com.

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Chevron Corporation

NYSE:CVX

CVX Rankings

#29 Ranked by Market Cap
#699 Ranked by Dividends

CVX Stock Data

279.57B
1.83B
6.66%
70.36%
3%
Oil & Gas Integrated
Petroleum Refining
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United States of America
SAN RAMON