Chevron Corporation - CVX STOCK NEWS

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), has initiated a road trip across the U.S. Gulf Coast to introduce a new gasoline blend containing over 50% renewable content. The tour, extending from Mississippi to Texas, aims to demonstrate the fuel's benefits, which is more than 40% less carbon intensive than traditional gasoline. Representatives from Chevron and Toyota will engage with the public to discuss the advantages of lower carbon fuels, including renewable gasoline blends that can be used in existing vehicles and fueling infrastructure. Chevron is committed to expanding its lower carbon fuel offerings, including biodiesel and renewable natural gas, while exploring hydrogen-fuel solutions in collaboration with Toyota. This initiative aligns with Chevron's vision for a lower carbon transportation future and supports carbon intensity reduction across the automotive sector.

Chevron Corporation (NYSE: CVX) and the Angelicoussis Group have announced a Joint Study Agreement (JSA) to examine the use of tankers for ammonia transport, a potential lower carbon marine fuel. The initial study will assess the ammonia transportation market, safety, and vessel requirements for transferring ammonia between the U.S. Gulf Coast and Europe. This collaboration aims to enhance ammonia’s commercial viability as an export for various markets, including petrochemicals. Chevron is focusing on advancing lower carbon energy solutions, leveraging its marine expertise alongside the Angelicoussis Group's experience in seaborne transport. The study seeks to address technical and commercial challenges while aiming for a sustainable transition in the marine industry.

Chevron Corporation (NYSE: CVX) will host its quarterly earnings conference call on April 28, 2023, at 11:00 a.m. ET. The call will feature key executives, including Mike Wirth, CEO, and Pierre Breber, CFO. Investors can access the call by dialing 800-378-6902 and using conference ID 6069633. A live webcast will also be available on Chevron's website, with a replay following the event. Chevron emphasizes its commitment to providing affordable, reliable energy while transitioning to lower carbon technologies and maintaining its traditional business lines.

Civitas Resources, Inc. (NYSE: CIVI) has appointed Hodge Walker as the new Chief Operating Officer, effective April 5, 2023. Walker replaces Matt Owens, who has exited the company. Chris Doyle, President and CEO, expressed confidence in Walker's 25 years of industry experience to enhance operational excellence at Civitas. Walker previously held a key position at Chevron's Rockies Business Unit and has held various roles at Noble Energy and BP America. Civitas is recognized as Colorado's first carbon-neutral oil and gas producer, focusing on sustainable development and economic returns.

Bunge (NYSE: BG), Corteva (NYSE: CTVA), and Chevron (NYSE: CVX) announced a collaboration to introduce proprietary winter canola hybrids aimed at producing low-carbon plant-based oil. This initiative targets the renewable fuels market in the southern United States, creating a sustainable crop rotation for farmers while enhancing soil health. The plan includes a pilot program in the 2022-23 growing season to optimize management practices. Executives from the collaborating companies emphasized the importance of feedstock innovation for advancing a lower-carbon energy future and supporting agricultural productivity.

Chevron Corporation (NYSE: CVX) has announced the second retail event in its Chevron Exchange Q&A Series, featuring a virtual fireside chat with Jeff Gustavson, President of Chevron New Energies, scheduled for March 23, 2023. The event, moderated by Jeanine Wai, will begin at 11:00 a.m. ET and will address top-voted questions from verified retail shareholders about Chevron's strategy and financial performance. Shareholders can submit and upvote questions until 48 hours before the event at the provided link. A live webcast and replay will be accessible through Chevron's investor site.

Chevron (CVX) and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) to collaborate on carbon capture and storage (CCS) projects in the United States and Australia. This partnership aims to enhance their existing LNG relationship and demonstrates a commitment to advancing lower carbon solutions. The collaboration follows a previous announcement in November 2022 regarding lower carbon fuel co-development. Chevron's Vice President emphasized the importance of long-term relationships for successful energy transition projects. JERA aims for net-zero CO2 emissions by 2050, aligning with Chevron's focus on reducing carbon intensity.

Bayou Bend CCS LLC announced a significant expansion of its carbon capture and sequestration project with the acquisition of nearly 100,000 acres in Chambers and Jefferson Counties, Texas. This expansion brings the total project area to approximately 140,000 acres, with a gross storage capacity exceeding one billion metric tons. Bayou Bend aims to provide carbon transportation and storage solutions for industrial emitters in the Houston Ship Channel region. Chevron (NYSE: CVX), Talos Energy (NYSE: TALO), and Carbonvert are key partners in this joint venture, with Chevron now serving as the operator.