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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

121.50USD
13 Sep 2019
Change (% chg)

$0.08 (+0.07%)
Prev Close
$121.42
Open
$122.10
Day's High
$122.28
Day's Low
$121.25
Volume
1,519,822
Avg. Vol
1,700,589
52-wk High
$127.60
52-wk Low
$100.22

Latest Key Developments (Source: Significant Developments)

Delek Group Q2 Revenue ILS 2.103 Billion
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Delek Group Ltd ::DELEK GROUP ANNOUNCES CONSOLIDATED SECOND QUARTER 2019 RESULTS.Q2 REVENUE ILS 2.103 BILLION.QTRLY NET INCOME FOR 2Q19 AMOUNTED TO NIS 190 MILLION, UP 12% COMPARED WITH NIS 170 MILLION IN 2Q18.ACQUISITION OF CHEVRON'S NORTH SEA ASSETS IS EXPECTED TO CLOSE DURING 4Q19.GROUP REVENUES IN 2Q19 TOTALED NIS 2,103 MILLION COMPARED WITH NIS 2,074 MILLION IN SAME PERIOD LAST YEAR.GROUP OPERATING PROFIT IN 2Q19 TOTALED NIS 246 MILLION, COMPARED WITH NIS 459 MILLION IN 2Q18, A DECREASE OF 46%..ITHACA, A WHOLLY-OWNED SUBSIDIARY OF DELEK GROUP, CONTRIBUTED NIS 49 MILLION TO DELEK GROUP'S OPERATING INCOME IN 2Q19.DELEK GROUP AND ITHACA CONTINUE TO SECURE FINANCING FOR ACQUISITION CHEVRON'S NORTH SEA ASSETS.DELEK GROUP IS NEGOTIATING AN ADDITIONAL EQUITY INFLOW OF APPROXIMATELY USD 300 MILLION THROUGH ISSUANCE OF PREFERRED ITHACA SHARES.SEEKING A USD150 MILLION ADVANCE PAYMENT FROM COMMODITY TRADERS AS PART OF A LONG-TERM OFFTAKE AGREEMENT FOR ITHACA'S OIL PRODUCTION.  Full Article

Chevron Announces Quarterly Dividend Of $1.19 Per Share
Thursday, 1 Aug 2019 

July 31 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES QUARTERLY DIVIDEND.CHEVRON CORP - DECLARED A QUARTERLY DIVIDEND OF ONE DOLLAR AND NINETEEN CENTS PER SHARE.  Full Article

Delek Group & Ithaca Energy Limited Announce Acquisition Of Chevron North Sea Limited
Thursday, 30 May 2019 

May 30 (Reuters) - Delek Group Ltd ::DELEK GROUP & ITHACA ENERGY LIMITED ANNOUNCE THE ACQUISITION OF CHEVRON NORTH SEA LIMITED.AS PART OF TRANSACTION APPROXIMATELY 500 EMPLOYEES WILL TRANSFER TO COMPANY.SAYS ITHACA IS TO ACQUIRE CHEVRON NORTH SEA LIMITED FOR $2 BILLION.DELEK GROUP-DEAL TO BE FUNDED THROUGH AN UPSIZED $1.65 BILLION RESERVE BASED LENDING SENIOR DEBT FACILITY, A $700 MILLION ACQUISITION DEBT FINANCING FACILITY.SAYS ITHACA'S EXISTING $300 MILLION TERM LOAN AND ASSOCIATED DELEK GUARANTEES WILL BE RETIRED AS PART OF THIS REFINANCING..  Full Article

EVgo Working With Chevron To Bring Fast Charging To Some Chevron-Owned California Gas Stations
Monday, 20 May 2019 

May 20 (Reuters) - EVgo::ELECTRIC VEHICLE FAST CHARGING NETWORK EVGO - WORKING WITH CHEVRON TO BRING EV FAST CHARGING TO SELECT CHEVRON COMPANY-OWNED CALIFORNIA GAS STATIONS.  Full Article

Chevron Will Not Increase Offer To Acquire Anadarko
Thursday, 9 May 2019 

May 9 (Reuters) - Chevron Corp ::CHEVRON WILL NOT INCREASE OFFER TO ACQUIRE ANADARKO.CHEVRON WILL NOT INCREASE OFFER TO ACQUIRE ANADARKO.CHEVRON CORP - INCREASING SHARE REPURCHASE RATE BY 25 PERCENT TO $5 BILLION PER YEAR.CHEVRON CORP - WILL RECEIVE $1 BILLION CASH TERMINATION FEE.CHEVRON CORP - COMMITTED TO ITS ADVANTAGED PORTFOLIO AND LONG-TERM VALUE PROPOSITION.CHEVRON CORP - ACCORDINGLY, CHEVRON ANTICIPATES THAT ANADARKO WILL TERMINATE MERGER AGREEMENT.CHEVRON CORP - UPON TERMINATION OF MERGER AGREEMENT, ANADARKO WILL BE REQUIRED TO PAY CHEVRON A TERMINATION FEE OF $1 BILLION.CHEVRON CORP - UNDER TERMS OF ITS PREVIOUSLY ANNOUNCED MERGER AGREEMENT WITH ANADARKO, IT WILL NOT MAKE A COUNTERPROPOSAL.CHEVRON CORP - UNDER TERMS OF ITS PREVIOUSLY ANNOUNCED MERGER AGREEMENT WITH ANADARKO, WILL ALLOW FOUR-DAY MATCH PERIOD TO EXPIRE.  Full Article

Anadarko Board Determines Revised Proposal From Occidental Constitutes A "Superior Proposal"
Tuesday, 7 May 2019 

May 6 (Reuters) - Anadarko Petroleum Corp ::ANADARKO BOARD DETERMINES REVISED PROPOSAL FROM OCCIDENTAL CONSTITUTES A "SUPERIOR PROPOSAL".ANADARKO - BOARD HAS UNANIMOUSLY DETERMINED THAT REVISED ACQUISITION PROPOSAL IT RECEIVED FROM OCCIDENTAL CONSTITUTES A "SUPERIOR PROPOSAL".ANADARKO - ANADARKO NOTIFIED CHEVRON THAT AFTER COMPLYING WITH OBLIGATIONS TO CHEVRON, CO INTENDS TO TERMINATE CHEVRON MERGER AGREEMENT.  Full Article

Anadarko Likely To Deem Occidental Offer Superior Today - CNBC, Citing Sources
Monday, 6 May 2019 

May 6 (Reuters) - :ANADARKO LIKELY TO DEEM OCCIDENTAL OFFER SUPERIOR TODAY - CNBC, CITING SOURCES.  Full Article

Warren Buffett discusses China, Kraft Heinz, Occidental -- CNBC
Monday, 6 May 2019 

May 6 (Reuters) - Buffett says 'we do not have any control' or 'want control' on occidental petroleum's bid for anadarko petroleum bid :.  Full Article

Berkshire Hathaway Commits To $10 Billion Equity Investment In Occidental To Finance Acquisition Of Anadarko
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Occidental Petroleum Corp ::BERKSHIRE HATHAWAY COMMITS TO $10 BILLION EQUITY INVESTMENT IN OCCIDENTAL TO FINANCE ACQUISITION OF ANADARKO.OCCIDENTAL PETROLEUM CORP - INVESTMENT IS CONTINGENT UPON OCCIDENTAL ENTERING INTO AND COMPLETING ITS PROPOSED ACQUISITION OF ANADARKO.OCCIDENTAL PETROLEUM - BERKSHIRE HATHAWAY WILL RECEIVE 100,000 SHARES OF CUMULATIVE PERPETUAL PREFERRED STOCK WITH A LIQUIDATION VALUE OF $100,000 PER SHARE.OCCIDENTAL PETROLEUM - BERKSHIRE HATHAWAY WILL RECEIVE 100,000 SHARES OF CUMULATIVE PERPETUAL PREFERRED STOCK WITH LIQUIDATION VALUE OF $100,000 PER SHARE.OCCIDENTAL PETROLEUM CORP - PREFERRED STOCK TO BE ISSUED TO BERKSHIRE HATHAWAY WILL BE REDEEMABLE FOR CASH.OCCIDENTAL PETROLEUM - BERKSHIRE WILL RECEIVE 100,000 SHARES OF CUMULATIVE PREFERRED STOCK TOGETHER WITH WARRANT TO PURCHASE UP TO 80.0 MILLION SHARES OF OCCIDENTAL.OCCIDENTAL PETROLEUM CORP - WARRANT WILL HAVE AN EXERCISE PRICE OF $62.50 PER SHARE.OCCIDENTAL PETROLEUM CORP - PREFERRED STOCK WILL ACCRUE DIVIDENDS AT 8% PER ANNUM.BERKSHIRE HATHAWAY COMMITS TO $10 BILLION EQUITY INVESTMENT IN OCCIDENTAL TO FINANCE ACQUISITION OF ANADARKO.  Full Article

Occidental Makes Formal Proposal To Buy Anadarko - CNBC
Wednesday, 24 Apr 2019 

April 24 (Reuters) - :OCCIDENTAL MAKES FORMAL PROPOSAL TO BUY ANADARKO - CNBC.OCCIDENTAL OFFERS $76 PER SHARE, CASH AND STOCK FOR ANADARKO - CNBC.  Full Article

Saudi attacks threaten U.S. gasoline price hikes, particularly in California

NEW YORK, Sept 15 U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia's oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom.