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Chevron to sell $3bn geothermal operations

December 25, 2016

Chevron Corporation announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron s Indonesian and Philippines Geothermal as... View more

Chevron not to exit Thailand

August 29, 2016

Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the US oil major s exit and may keep a Myanmar gas field stake if no attractive offer is made for the ass... View more

Chevron deadline nears for $40bn bet on next decade’s oil

July 11, 2016

The oil major s 50 per cent ownership interest in Tengiz means it has more at stake than its partners: ExxonMobil Corp Kazmunaigaz National Co and Lukoil PJSC. The field already accounts for almost on... View more

Chevron plans to sell assets

April 25, 2016

US oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated 1.3 billion up for sale banking sources familiar with the matter said in what would mark the biggest M&A trans... View more

Chevron posts first loss since 2002

February 8, 2016

Chevron Corp reported its first quarterly loss in more than 13 years despite Wall Street s expectations for a profit as plunging oil prices eroded profitability across all its divisions. It was the la... View more

Chevron slashes 10pc jobs and spending

November 9, 2015

Chevron is slashing 10 per cent of its workforce and sharply paring back its budget with chief executive officer John Watson giving a downbeat view of an industry beleaguered by low oil prices. A more... View more

Ecuadoreans can sue Chevron in Ontario

September 14, 2015

Canada s top court ruled that a group of Ecuadorean villagers could pursue a multi-billion pollution lawsuit against Chevron Corp in the Canadian province of Ontario. Chevron is contesting a ruling by... View more

Weak oil slams profit at Exxon, Chevron

August 10, 2015

Weak oil prices shriveled quarterly profit at ExxonMobil and Chevron compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at ... View more

Chevron sells shale field stake to Kuwait

October 9, 2014

Chevron said it would sell a 30 per cent stake in its Canadian oil shale holdings to Kuwait s state-owned oil company for 1.5 billion. The deal with Kuwait Foreign Petroleum Exploration Co helps Chevr... View more

Chevron profit up on higher oil, gas prices

August 7, 2014

Chevron the second-largest US oil company reported better-than-expected quarterly profit as higher energy prices offset rising expenses and production dips in Kazakhstan. Chevron s reliance on higher ... View more

Chevron, YPF boost spending on shale

April 17, 2014

Chevron Corp and state-controlled YPF plan to spend an additional 1.6 billion to develop Argentina s Vaca Muerta shale formation further boosting plans for new wells this year and announcing fresh exp... View more

Chevron faces delays in $1bn oil block sale

January 19, 2014

Chevron faces delays in closing sales of oil blocks in Nigeria worth up to 1 billion because of legal disputes involving potential buyers industry sources say highlighting a risk other oil majors coul... View more

Chevron gas project delayed

December 11, 2013

A 6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields three industry sources... View more

Argentina shows pragmatism with Chevron project deal

August 7, 2013

AFTER years of nationalist rhetoric and protectionist policies Argentina is seeking to lure foreign investment to its Vaca Muerta shale oil and gas field in an bid to jumpstart the country s energy se... View more

Chevron profit cut by cheaper crude

May 5, 2013

Lower oil prices bit into Chevron s quarterly profit as did refinery downtime and higher operating costs in its home market but the oil company s shares rose as the earnings topped expectations. Analy... View more

Chevron completes CDU repairs

April 4, 2013

Chevron completed repairs to a central crude distillation unit (CDU) at its 245 000 barrel-per-day (bpd) San Francisco Bay-area refinery in Richmond California almost eight months after a massive fire... View more

Exxon, Chevron post higher earnings in Q4

February 7, 2013

Renewed strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for ExxonMobil and Chevron the two largest US oil companies. A flood of oil produced from US shale format... View more

Chevron sees higher Q4 profit

January 17, 2013

Chevron the second-largest US oil company said its fourth-quarter profit would be notably higher than the previous quarter as oil and gas output bounced back and it booked a 1.4 billion gain on an ass... View more

Chevron to acquire stake in Kitimat LNG

December 26, 2012

Chevron said it will enter the Canadian liquefied natural gas business with the acquisition of the 50 per cent stake in the Kitimat LNG project held by Encana and EOG Resources. Chevron will take Enca... View more

Chevron ups Gorgon budget to $52bn

December 9, 2012

Chevron added 15 billion to the cost of the Gorgon liquefied natural gas (LNG) export complex as the US oil company s largest single development joins a growing list of Australian LNG projects to run ... View more

Chevron Brazil ban ends, restart likely

December 9, 2012

Chevron Corp received a boost to its efforts to restart oil output in Brazil after a court overturned a ban on its operating in the country and the company agreed on a plan to improve safety procedure... View more

Chevron CDU to restart by Q1

November 19, 2012

Chevron said the damaged central crude distillation unit (CDU) at its 245 000 barrel per day (bpd) Richmond California refinery should be repaired and ready for restart by the first quarter of 2013 ac... View more

Chevron profit falls on output

November 8, 2012

Chevron posted earnings that were much lower than expected as maintenance exacerbated a decline this year in oil and natural gas production. Third-quarter production fell to 2.52 million barrels per d... View more

Chevron to assess damage

September 26, 2012

Chevron needs a few more weeks to assess damage at its plant in Richmond California and does not yet know how long it will need to repair its crude unit after an early August fire damaged the state s ... View more

Fire at Chevron unit contained

August 19, 2012

A massive fire struck at the core of Chevron s large Richmond California refinery spewing flames and a column of smoke into the air threatening a prolonged outage that may increase prices of the costl... View more

Chevron Q2 profit slips 7pc

August 6, 2012

Chevron profit fell 7 per cent in the second quarter as oil prices fell and the No 2 US oil company said output would fall short this year while strong margins at its refineries will cushion the blow ... View more

Chevron profit rises despite output fall

May 7, 2012

Chevron delivered a 4 per cent rise in first-quarter profit helped by an asset sale and increases in both oil prices and refining margins that made up for a decline in oil and gas production. Shares o... View more

Chevron, Transocean face 2nd $11bn lawsuit

April 16, 2012

A Brazilian federal prosecutor launched his second 20 billion real ( 10.9 billion) lawsuit against US oil company Chevron and driller Transocean doubling the stakes against the companies as critics ca... View more

Chevron halts Brazil production post leak

March 26, 2012

Chevron filed to temporarily halt production operations in Brazil after it detected a small new seep of oil in the same offshore field where it suffered a high-profile leak in November. The US oil com... View more

Chevron profit falls as output suffers

February 2, 2012

Chevron reported lower quarterly earnings missing Wall Street forecasts as rising spending on oil and gas projects and losses at its US refinery business offset gains from higher crude oil prices. Oil... View more

Brazil fines Chevron a further $5.4m for spill

December 29, 2011

Brazil s environment inspector fined Chevron 10 million reais ( 5.4 million) for breaching the terms of the US oil company s environmental licence when tackling an offshore spill at a well it drilled ... View more

Chevron, Transocean in $11bn Brazil oil suit

December 22, 2011

Brazilian prosecutors sued Chevron the No 2 US oil company and top offshore oil rig operator Transocean for 20 billion reais ( 10.6 billion) over their alleged roles in a November oil spill near Rio d... View more

Chevron sets $32.7bn 2012 budget, up 15pc

December 15, 2011

Chevron the second-largest US oil company is increasing its spending in 2012 by about a sixth as it invests heavily in deepwater developments and two massive Australian liquefied natural gas projects.... View more

Chevron to invest in Brazil despite spill

December 5, 2011

Chevron said it planned to invest 3 billion in Brazil over the next three years despite uproar in the South American country after an oil spill this month caused by its offshore drilling. Chevron was ... View more

Total, Chevron profits boosted

November 7, 2011

Chevron and Total posted higher profits the latest two major oil companies lifted by pricier oil and rosier refining conditions even if increasing oil and gas production remains a struggle. The third-... View more

Chevron okays $28bn project

October 2, 2011

Chevron gave the go ahead for its A 29 billion ( 28.4 billion) Wheatstone liquefied natural gas project in Western Australia to tap into growing Asian demand with its second LNG export project in the ... View more

Refining helps boost Chevron net

August 8, 2011

Chevron the second-largest US oil company booked a 43 per cent jump in quarterly profit beating estimates as high oil prices and fat refinery margins offset weaker output. The numbers were the latest ... View more

Chevron sees higher Q2 profit on price rise

July 18, 2011

Chevron Corp expects second-quarter earnings to improve over the previous quarter because of higher oil prices and better profit margins at its refineries. Exploration and production earnings would be... View more

Margin growth brief: Chevron

May 9, 2011

Chevron Corp sees a recent unexpected rise in refining margins that tripled the division s profit as short-lived given the growing glut of capacity worldwide a top executive said. Mike Wirth executive... View more

Chevron expects better margins

April 18, 2011

Chevron the second-largest US oil company sees better earnings in the first quarter than in the previous quarter as rising energy demand boosted oil prices and most refining margins. The exception on ... View more

Chevron profit climbs; reserves a concern

February 6, 2011

Chevron s 72 per cent rise in quarterly profit easily beat Wall Street forecasts but anaemic growth in its oil reserves disappointed investors and its shares fell 1.5 per cent. Like smaller rivals Con... View more

Chevron and Total Q3 profits disappoint

November 7, 2010

Second-tier oil majors disappointed investors by failing to match the strong profit growth of larger peers with Chevron short of estimates and Total simply matching expectations. The impact on Chevron... View more

Chevron proceeds with deepwater Gulf project

November 1, 2010

Chevron is moving forward with a big deepwater project in the Gulf of Mexico a sign of commitment to the region as stricter regulations and higher costs loom following the BP disaster. After an initia... View more

Chevron eyes LNG sales to CNPC

September 26, 2010

US energy group Chevron paved the way for a gas supply deal with China National Petroleum Corp (CNPC) reaching an agreement with the Chinese firm to jointly explore opportunities in Australia. Chevron... View more

Chevron profit triples on refinery margins

August 8, 2010

Chevron posted a three-fold jump in profit that beat estimates as refinery margins improved and the second-largest US oil company raised its 2010 oil and gas production growth target to 3 per cent. En... View more

Chevron sees higher Q2 profit

July 19, 2010

Chevron the second-largest US oil company said improved margins at its refineries would offset a drop in oil and gas output to lift second-quarter earnings above the previous quarter. Chevron s second... View more

Chevron, Rosneft to launch $32bn project

June 27, 2010

Oil major Chevron and Russia s largest oil producer Rosneft agreed to invest 1 billion in a Black Sea oil exploration project whose total cost may reach 32 billion. The agreement is the biggest energy... View more

Chevron refining turns around

April 19, 2010

Chevron indicated its refining arm had turned a corner while smaller rival Marathon Oil expected its first-quarter refining margins will sink into the red. But the varied outlooks from the two US inte... View more

Chevron Q3 profit hit by oil, weak margins

November 9, 2009

Chevron posted a 51 per cent drop in quarterly profit becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries. Although the profit w... View more

Chevron gives $37bn Gorgon LNG final nod

September 21, 2009

Chevron and its partners gave a formal green light to building the Gorgon liquefied natural gas project in Australia the world s biggest new development at a lower than estimated cost of 37 billion. T... View more

Chevron Q2 hit by low margins, weak dollar

July 19, 2009

Chevron warned that second-quarter earnings would be hit by a sharp decline in US refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar sending its share... View more

Chevron asked to halt project

July 13, 2009

A California state judge ordered Chevron to halt a 1 billion project aimed at expanding the types of crude oils its San Francisco Bay-area refinery in Richmond California can process according to cour... View more

Chevron sees sharp lowering of Q1 profit

April 19, 2009

Chevron Corp warned that first-quarter earnings would be sharply lower than the previous quarter as lower oil and gas prices took a toll and refined-product margins shrank significantly. The second-la... View more

Iraq asks Total, Chevron to bid

March 29, 2009

Iraq has invited France s Total and US firm Chevron Corp to jointly bid against Norway s StatoilHydro for a contract to develop its 6 billion barrel Nahr Bin Umar southern oilfield the oil ministry sa... View more

Exxon and Chevron net profits beat forecast

February 8, 2009

Oil giants ExxonMobil Corp and Chevron Corp posted higher-than-expected quarterly earnings as refining profits helped offset a steep decline in crude oil prices. Exxon the world s largest publicly tra... View more

Chevron extends by 30 years agreement with Saudi Arabia

September 14, 2008

US-based major oil company Chevron Corp said it extended by 30 years an agreement that allows it to drill for oil and natural gas in the Neutral Zone area shared jointly by Saudi Arabia and Kuwait. Th... View more

Chevron, Statoil, Total join oil earnings boom

August 10, 2008

Chevron Corp has said record oil prices drove second-quarter earnings up 11 per cent to its highest-ever profit but weak margins from gasoline production led to a big loss at its refining operations. ... View more

Chevron set to develop two projects in Asia

March 16, 2008

US oil major Chevron Corp plans to develop two multi-billion dollar gas projects in Asia amid forecasts of surging gas demand and rising prices. The second-largest US oil and gas company said it has a... View more

Chevron slashes output forecast on high prices

February 10, 2008

Chevron Corp cut its 2008 production forecast and said its 2007 reserve replacement rate would be low as high oil prices took a bite out of expected production from international projects. The company... View more

Chevron quarterly profit slides on lower margins

November 11, 2007

US oil firm Chevron has seen quarterly profits fall by 25 per cent after it was hit like other energy firms by lower gas prices and a drop in margins. Its profits missed forecasts after reduced output... View more

Chevron-led oil venture vows to challenge $609m Kazakh fine

October 16, 2007

A Chevron-led oil venture in Kazakhstan denied it was violating environmental laws and said that it will fight a 609 million fine imposed on it by the government. The move against Chevron alarmed inve... View more

Exxon, Chevron urged to list Thai refineries

September 10, 2007

Exxon and Chevron are under pressure from Thailand s military-appointed government to make good on a pledge made 15 years ago to float shares in their local oil refineries in Bangkok next year. Esso (... View more

Indonesia studies Chevron gas plan

August 12, 2007

US oil major Chevron has put forward a development plan for its natural gas fields offshore East Kalimantan part of Borneo island Indonesia s oil watchdog said. Chevron said last year it planned to in... View more

Chevron to invest $6bn in Indonesia

October 15, 2006

Chevron plans to invest about 6 billion to develop gas fields off the coast of Borneo aiming to crank up flagging Indonesian gas output a senior official at the country s oil watchdog said. Indonesia ... View more

Quit orders blow to Petronas, Chevron

September 3, 2006

Chad ordered Chevron and Petronas to leave the country for failing to honour tax obligations a move apparently aimed at increasing control over its oil output. The representatives of Chevron and Petro... View more

Chevron to buy stake in refinery

April 23, 2006

Chevron Corp said it agreed to spend 300 million to buy a five per cent stake in a new refinery being built in India seeking to build its position in the fast-growing Indian market. The refinery being... View more

Chevron eyes bid for Indian blocks

April 23, 2006

Chevron Corp is in talks with India s Reliance Industries Ltd to jointly bid on the latest blocks being offered to explore for oil and gas in India a senior Chevron executive said. The move is among s... View more

Chevron gives up block

March 26, 2006

US oil major Chevron and its partners in Nigerian deep-water oil exploration block 250 have agreed to relinquish the acreage after failing to find commercial quantities of oil Chevron said. Oil Prospe... View more

Chevron skills drive

December 24, 2005

A global shortage of skilled petroleum specialists may beset Kuwait s ambitious plan to nearly double its oil production even as Western oil majors prepare to submit bids for the project according to ... View more

Chevron projects in Africa on time

December 4, 2005

African projects under development by oil major Chevron are set to come onstream on schedule. Chevron Nigeria executive Olanrewaju Kalejaiye 16 per cent of all US oil imports were from Africa with Nig... View more

Chevron sees no threat from Asia

November 19, 2005

US oil major Chevron Corp does not see any real threat to its refining business from competitive condensate splitters running on relatively cheaper condensate feedstocks a senior Chevron official. In ... View more

Chevron sees no backlash in Asia

August 22, 2005

Chevron Corp s top executive said he is confident the company will not face a backlash in Asia despite the bitter political opposition its Chinese rival faced when the two sides fought to buy Unocal C... View more

Chevron to assess Cambodian oil find

July 25, 2005

US major Chevron Corp will assess the scope of its offshore Cambodia oil find early next year raising hopes for the country s first production by 2008 a senior government official said. Chevron will d... View more

Chevron makes big gains as prices rise

February 5, 2005

Chevron-Texaco Corp the No 2 US oil company has said quarterly profit nearly doubled driven by record crude oil prices and soaring refining margins. The results were well above Wall Street forecasts a... View more

Chevron to start plant work by year-end

January 17, 2005

US oil giant ChevronTexaco expects to make a final investment decision at the end of 2005 on building an LNG plant in Mexico after winning the last of three key permits recently. The company however s... View more

Chevron to sell lubricants share

June 13, 2004

ChevronTexaco has agreed to sell its 50 per cent share in a lubricants joint venture with Russia s TNK to the TNK-BP group for an undisclosed sum the companies said. The TNK and Texaco Lubricants Comp... View more

Angola signs Chevron pact

May 24, 2004

The Angolan government has signed a 300 million deal with ChevronTexaco Corp to allow the company to continue drilling for oil in the country. It also disclosed for the first time the money it will re... View more

Chevron sees quarterly profits surge 33pc

May 8, 2004

ChevronTexaco Corp the No. 2 US oil company said quarterly profit rose 33 per cent as soaring gasoline prices and demand boosted refining earnings while higher energy prices offset declining oil and g... View more

Texaco star set to rise again in Chevron push

March 28, 2004

The Texaco star is set rise again as oil giant ChevronTexaco prepares to launch a new push for the century-old brand this summer. Texaco which once pitched You can trust your car to the man who wears ... View more

Chevron posts better result on higher prices

November 9, 2003

ChevronTexaco Corp. the No 2 US oil company posted better-than-expected third-quarter profit on higher energy prices and better refining margins rebounding from a year-earlier loss and sending its sha... View more

Chevron negotiates 25pc Yukos stake worth $6.4bn

August 9, 2003

ChevronTexacoCorp the second-biggest US oil group is in talks over buying a 25 per cent stake in Russian oil firm Yukos in a deal that could be worth up to four billion pounds ( 6.4 billion) it is rep... View more

Chevron ready to divest assets

June 29, 2003

Chevron Texaco Corp will pChevron ready to divest assetsut dozens of oil and gas properties on the block as merger-related restrictions on asset sales expire this fall. In August the company will unve... View more

NSCSA signs deal with Chevron

April 22, 2003

National Shipping Company of Saudi Arabia (NSCSA) has signed a three-year deal with a subsidiary of ChevronTexaco to transport its crude oil to the world market. Under the agreement NSCSA will transpo... View more

Chevron sets Texaco takeover vote date

August 19, 2001

Chevron Corp said it scheduled a special meeting of shareholders on October 9 to vote on its takeover of Texaco Inc a deal which would create the world s fifth largest oil company. Chevron said it hop... View more

Chevron-Texaco looks to gain from upstream role

April 2, 2001

A merged Chevron-Texaco will be angled toward upstream exploration and production to take advantage of an expected long-term demand trend the top executive of Chevron Corp. said. Chevron-Texaco will b... View more

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