Chevron


All posts for Chevron

The State of the Industry: Q2 2019

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 8 days agoLink > ShellExxonMobilBP +6

Chevron & Venezuela – Together Still

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 23 days agoLink > TrumpVenezuelaGuaido +10

Did Occidental Overpay for Anadarko?

Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry. The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping ...

Hui Shan


Posted 30 days agoLink > OxyOccidentalanadarko +6

The Permian is Ripe for M&A Battle

Next is Diamondback Energy, a Permian pure-play firm that has valuable assets in the Midland Basin as well as the prized (and prolific) Delaware Basin. Brushing up against Pioneer's acreage is ExxonMobil and Chevron's own boundaries, and its new status as a Permian pure-play makes Pioneer particu ...

Hui Shan


Posted 2 months agoLink > Pioneer Natural ResourcesEndeavor Energy ResourcesDiamondback Energy +8

The Battle for Anadarko

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 2 months agoLink > OxyOccidentalanadarko +4

Shell Eclipses ExxonMobil Once Again

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 3 months agoLink > ExxonMobilShellBP +5

The Rise of a New Ultramajor?

The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG. Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing a ...

Hui Shan


Posted 3 months agoLink > ChevronanadarkoExxonMobil Shell +7

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 8 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Chevron Announces $20 Billion Capital and Exploratory Budget for 2019

SAN RAMON, Calif.--(BUSINESS WIRE)--Dec. 6, 2018-- Chevron Corporation (NYSE:CVX) today announced a 2019 organic capital and exploratory spending program of $20 billion. “Our 2019 budget supports a robust portfolio of upstream and downstream investments, highlighted by our world-class Permian Basi ...

OilVoice Press - OilVoice


Posted 8 months agoPress > ChevroncapitalBudget +5

Chevron Announces First Oil From Big Foot Project in the Deepwater Gulf of Mexico

Chevron Corporation (NYSE:CVX) has announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately ...

OilVoice Press - OilVoice


Posted 9 months agoPress > NYSEChevron CorporationChevron +5

Steven W. Green Named President of Chevron North America Exploration and Production

Green succeeds Jeff Shellebarger who will retire after a 38-year career Nigel Hearne appointed president of Chevron Asia Pacific Exploration and Production SAN RAMON, Calif.--(BUSINESS WIRE)--Nov. 6, 2018-- Chevron Corporation (NYSE:CVX) today named Steven W. Greenpresident of Chevron North A ...

OilVoice Press - OilVoice


Posted 9 months agoPress > ChevronChevron CorporationNorth America +7

Chevron Reports Third Quarter Net Income of $4.0 Billion

Record quarterly oil-equivalent production of 2.96 million barrels per day, 9 percent higher than a year earlier Third quarter cash flow from operations of $9.6 billion Share repurchases of $750 million SAN RAMON, Calif.--(BUSINESS WIRE)--Nov. 2, 2018-- Chevron Corporation (NYSE: CVX) to ...

OilVoice Press - OilVoice


Posted 9 months agoPress > EarningsResultsNYSE +2

Chevron Announces Quarterly Dividend

SAN RAMON, Calif.--(BUSINESS WIRE)--Oct. 31, 2018-- The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and twelve cents($1.12) per share, payable December 10, 2018, to all holders of common stock as shown on the transfer records of the Corpora ...

OilVoice Press - OilVoice


Posted 9 months agoPress > ChevronDividendChevron Corporation +1

Petrofac Secures North Sea Contract Extension With Chevron

Petrofac's Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited (Chevron). The agreement, which has been held by Petrofac since 2014, commenced on 30 September. In line with the contract scope, Petrofac wi ...

OilVoice Press - OilVoice


Posted 10 months agoPress > PetrofacNorth SeaChevron +1

Shell Adds Material Acreage to its Deep-Water Position in Brazil

Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), today won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay i ...

OilVoice Press - OilVoice


Posted 10 months agoPress > ShellRoyal Dutch ShellBrazil +5