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NEWS |
Chevron to Ramp Up Production at Biggest USA Oil Field
Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages.
NEWS |
Chevron Announces Agreement to Acquire Renewable Energy Group
Chevron Corporation and Renewable Energy Group, Inc. (REG) announce a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 bil (...)
NEWS |
Chevron CEO Warns of High Energy Prices
The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.
NEWS |
EXCLUSIVE Chevron looks to sell Texas' Eagle Ford Basin assets - document
Chevron Corp is looking to sell its oil and gas assets in the Eagle Ford Basin in south Texas, according to sources familiar with the matter and a marketing document seen by Reuters.
NEWS |
Chevron Expands Renewable Gas JV to Advance Low-carbon Strategy
Chevron Corp. on Aug. 24 announced the second expansion of its joint venture (JV) with Brightmark LLC to own projects across the U.S. to produce and market dairy biomethane, a renewable natural gas (R (...)
NEWS |
Chevron pitches $100 million in New Mexico properties as oil M&A heats up
Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a rebou (...)
NEWS |
Chevron Invests in Offshore Wind Energy for First Time
Chevron Corp.’s venture capital arm and Moreld Ocean Wind agreed to invest in Ocergy Inc.’s development and commercialization of floating offshore wind turbines.
NEWS |
Exxon Mobil, Chevron Take Cautious Approach to US Shale Recovery
Exxon Mobil Corp. and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape.
NEWS |
Schlumberger New Energy, Chevron and Microsoft develop bioenergy project
Schlumberger New Energy, Chevron Corporation, Microsoft and Clean Energy Systems today announced plans to develop a ground-breaking bioenergy with carbon capture and sequestration (BECCS) project desi (...)
NEWS |
Chevron proposes Noble Midstream acquisition
Chevron Corporation has announced that it has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP, to acquire all o (...)
NEWS |
Chevron makes offer to buy out Noble Midstream
Chevron Corp said on Friday it had offered to buy Noble Midstream Partners LP in a deal valuing the company at $1.13 billion, months after the U.S. oil major bought the pipeline operator’s sponsor, No (...)
NEWS |
Chevron Announces $14 Billion Capital and Exploratory Budget for 2021
Chevron Corporation today announced a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance to $14 to $16 billion annually through 2025.
NEWS |
Chevron to lay off about 25% of Noble Energy employees after merger
Chevron Corp will lay off about 25% of Noble Energy's employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday.
NEWS |
Chevron Completes Acquisition of Noble Energy
Chevron Corporation announced today that its acquisition of Noble Energy, Inc. has been completed following approval by Noble Energy shareholders.
NEWS |
Noble Energy shareholders approve $4.1 billion sale to Chevron
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves (...)
NEWS |
Chevron Agrees to $5 Billion Buyout of Noble Energy in All-stock Deal
Chevron Corp. agreed on July 20 to a buyout of Houston-based independent E&P company Noble Energy Inc. in an all-stock transaction valued at $5 billion.
NEWS |
Chevron Plans Sweeping Job Cuts With 6,000 Employees at Risk
Chevron Corp. is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global oil majors following the Covid-19 pandemic.
NEWS |
Exxon, Chevron slam brakes on shale as oil demand tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global lockdowns to fight the coronavirus pandemi (...)
NEWS |
Half of announced North American oil cuts come from just three companies
Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies - Chevron Corp, ConocoPhillips an (...)
NEWS |
Chevron cuts 2020 spending, Permian production forecasts
Chevron Corp will slash capital spending by $4 billion (3.4 billion pounds) this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil price (...)
NEWS |
Chevron and National Decommissioning Centre sign partnership agreement
Chevron Corporation and The National Decommissioning Centre have signed an agreement that will support research at the NDC through to 2023.
NEWS |
Chevron says it has potential to return up to $80 billion in capital over five years
Chevron Corp said on Tuesday it could return as much as $80 billion to shareholders over five years even if oil prices remained low.
NEWS |
Chevron swings to large loss on $10 billion in charges, shares sink
Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to cull unprofitable assets, and shares of the No. 2 U.S. oil produ (...)
NEWS |
MOL to buy Chevron’s Azerbaijan interests
MOL Group, Budapest, has agreed to buy Chevron Corp.’s major interests in Azerbaijan.
NEWS |
Chevron seeks relief from Trump’s Venezuela oil sanctions
Chevron Corp is lobbying the US for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change.
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