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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

114.71USD
17 Nov 2017
Change (% chg)

$0.14 (+0.12%)
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Latest Key Developments (Source: Significant Developments)

Pembina Pipeline Corporation announces $290 million of Duvernay Infrastructure Development
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Pembina Pipeline Corp :Pembina Pipeline Corporation announces $290 million of Duvernay Infrastructure Development.Pembina Pipeline - co to construct, operate first tranche of infrastructure development under service agreement with Chevron Canada​.  Full Article

Chevron Canada announces Kaybob Duvernay development program
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Chevron Corp ::Chevron Canada Limited announces Kaybob Duvernay development program.‍Chevron Canada Limited - moving into development on portion of leaseholdings in Kaybob Duvernay area of west-central Alberta​.‍Chevron Canada Limited - anticipate initial development program will comprise about 55,000 acres of co's operated position in Duvernay resource​.‍Chevron Canada - program to utilize service agreements with Pembina pipeline & Keyera, with service expected to be available during H2 2019​.  Full Article

Chevron updates on dispute with Australian Taxation Office
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Chevron Corp :Chevron Corp says on Aug 14, an agreement was reached with the Australian Taxation Office to settle dispute - SEC filing.Chevron Corp says dispute related to the interest rate to be applied on certain Chevron intercompany loans.Chevron Corp - Believes agreed terms to be reasonable resolution of dispute, which did not have a material impact on co's year-to-date results.  Full Article

Microsoft Corp to become Chevron's primary cloud provider​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Chevron Corp :Announced a seven-year partnership with Microsoft Corp establishing company as Chevron's primary cloud provider​.  Full Article

Chevron holds off on dividend raise due in part to OPEC
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Chevron Corp :Chief Executive John Watson says three Gorgon trains operating 'well above' nameplate capacity.CEO says first cargo from Wheatstone LNG train 2 scheduled for Q2 2018.CEO says 2018 will be peak spending year for Kazakhstan growth project.CEO says chose not to raise dividend in Q4 due to market uncertainty, especially around OPEC.CEO says expects consolidation in U.S. shale industry in next five years.  Full Article

Chevron reports Q3 earnings per share $1.03
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Chevron :Chevron reports third quarter net income of $2.0 billion.Q3 earnings per share $1.03.Q3 sales $34 billion versus I/B/E/S view $34.06 billion.Q3 earnings per share view $0.98 -- Thomson Reuters I/B/E/S.Chevron Corp - ‍International downstream operations earned $1.17 billion in Q3 2017 , compared with $542 million a year earlier​.Chevron Corp - ‍International upstream operations earned $515 million in Q3 2017, compared with $666 million a year ago​.Chevron Corp - ‍U.S. Upstream operations incurred a loss of $26 million in Q3 2017, compared with a loss of $212 million from a year earlier​.Chevron Corp - International ‍net oil-equivalent production of 2.04 million barrels per day in Q3 2017 was up 221,000 barrels per day from a year earlier​.Chevron Corp - ‍U.S. Downstream operations earned $640 million in Q3 2017, compared with earnings of $523 million a year earlier​.Chevron Corp - ‍Worldwide net oil-equivalent production was 2.72 million barrels per day in Q3 2017, compared with 2.51 million barrels per day from a year ago​.Chevron Corp - ‍ Foreign currency effects decreased earnings in 2017 Q3 by $112 million, compared with an increase of $72 million a year earlier​.Chevron Corp - U.S. ‍refinery crude oil input in Q3 2017 decreased 4 percent from year-ago period to 931,000 barrels per day​.Chevron Corp - ‍International downstream refinery crude oil input of 801,000 barrels per day in Q3 2017 increased 11,000 barrels per day.  Full Article

Chevron corp declares quarterly dividend of $1.08 per share​
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Chevron Corp : :Chevron Corp - ‍declared a quarterly dividend of $1.08 per share​.  Full Article

Keyera announces long-term Duvernay natural gas liquids agreement with Chevron
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Keyera Corp :Keyera announces long-term Duvernay natural gas liquids agreement with Chevron.Keyera Corp - ‍has entered into a 20-year midstream agreement with chevron canada limited​.Keyera Corp - agreement is for co ‍to fractionate and handle natural gas liquids from Chevron's Kaybob Duvernay operations near Fox Creek, Alberta​.Keyera Corp - ‍agreement includes an area of dedication that is in excess of 230,000 gross operated acres and also includes take-or-pay commitments​.Keyera Corp - ‍under terms of agreement, Chevron will deliver approximately 50% of its natural gas liquids from area of dedication to Keyera​.  Full Article

Woodside Petroleum says Wheatstone LNG has commenced production ​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Woodside Petroleum Ltd :‍Wheatstone LNG has commenced production from its onshore facility near Onslow, Western Australia​‍.First LNG cargo is expected in coming weeks​.  Full Article

Glencore ‍proposes to acquire stakes in Chevron South Africa, Chevron Botswana for $973 mln
Friday, 6 Oct 2017 

Oct 6 (Reuters) - Glencore Plc :‍PROPOSED ACQUISITION OF SHAREHOLDINGS IN CHEVRON SOUTH AFRICA AND CHEVRON BOTSWANA​.‍AGGREGATE CONSIDERATION FOR DEAL IS $973 MILLION​.ENTERED INTO AGREEMENT WITH OFF SHELF INVESTMENTS FIFTY SIX PROPRIETARY (TO ACQUIRE 75% STAKE IN CHEVRON SOUTH AFRICA).‍INTENDS TO MANAGE OVERALL OIL ASSET PORTFOLIO TO ENSURE THAT NET ADDITIONAL CAPITAL INVESTMENT IS LIMITED TO LESS THAN $500M OVER NEXT 12 MNTHS​.ENTERED INTO AGREEMENT WITH OFF SHELF INVESTMENTS FIFTY SIX PROPRIETARY (TO ACQUIRE ENTIRE ISSUED SHARE CAPITAL OF CHEVRON BOTSWANA.  Full Article

Venezuela's crude sales to the U.S. rose in Oct but remained low

HOUSTON, Nov 17 Venezuela's crude exports to the United States recovered in October from the previous month but were still the third lowest in 2017, according to Thomson Reuters trade flows data.