STOCK TITAN

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.

Rhea-AI Summary
Chevron (CVX) Donates Historic Union Oil Company of California Headquarters to City of Santa Paula
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
-
Rhea-AI Summary
Chevron Corporation (NYSE: CVX) will hold its quarterly earnings conference call on February 2, 2024, at 11:00 a.m. ET. The company's speakers include Mike Wirth, Chairman of the Board and Chief Executive Officer, and Pierre Breber, Vice President and Chief Financial Officer. Chevron is a leading integrated energy company focused on affordable, reliable, and ever-cleaner energy production. The company aims to grow its traditional oil and gas business while also investing in lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets, and other emerging technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
Tags
-
Rhea-AI Summary
Chevron Corporation (NYSE: CVX) plans an organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries and an affiliate capital expenditure budget of approximately $3 billion for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
none
Rhea-AI Summary
Chevron Corporation reported earnings of $6.5 billion for Q3 2023, compared to $11.2 billion in Q3 2022. Adjusted earnings were $5.7 billion. The company acquired PDC Energy and a majority stake in ACES Delta. Year-to-date cash returned to shareholders was $20.0 billion. Chevron also announced an agreement to acquire Hess Corporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.72%
Tags
-
Rhea-AI Summary
Chevron Corporation has announced an agreement to acquire all outstanding shares of Hess Corporation in an all-stock transaction valued at $53 billion. The acquisition is expected to strengthen Chevron's portfolio and diversify its assets, with the addition of Hess' Bakken assets and the Stabroek block in Guyana. The combined company is projected to experience production and free cash flow growth beyond Chevron's current five-year guidance. John Hess, CEO of Hess, is expected to join Chevron's Board of Directors. The transaction is subject to shareholder and regulatory approvals and is anticipated to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.69%
Tags
-
Rhea-AI Summary
Chevron Corporation will hold its quarterly earnings conference call on October 27, 2023. Chevron aims to grow its traditional oil and gas business, lower the carbon intensity of its operations, and develop new lower carbon businesses in renewable fuels, hydrogen, carbon capture, offsets, and other emerging technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
Rhea-AI Summary
Chevron acquires Magnum Development and majority interest in ACES Delta to develop Advanced Clean Energy Storage project in Utah
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
-
Rhea-AI Summary
OneH2 closes funding round led by Chevron and current investors, funds to be used for development of hydrogen generators and fuel distribution solutions
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.01%
Tags
none
-
Rhea-AI Summary
Chevron and Boys & Girls Clubs of America announce a new national partnership to promote life and workforce readiness for kids and teenagers in the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
partnership
Rhea-AI Summary
Larson Family Farm's Okeechobee Site delivers first renewable natural gas in Florida, reducing over 57,000 tons CO2eq annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none

FAQ

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

The current stock price of Chevron Corporation (CVX) is $161.63 as of November 21, 2024.

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

The market cap of Chevron Corporation (CVX) is approximately 289.6B.

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.

Chevron Corporation

NYSE:CVX

CVX Rankings

CVX Stock Data

289.64B
1.68B
6.66%
69.34%
3.3%
Oil & Gas Integrated
Petroleum Refining
Link
United States of America
SAN RAMON