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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

120.52USD
17 May 2019
Change (% chg)

$-0.28 (-0.23%)
Prev Close
$120.80
Open
$120.06
Day's High
$121.10
Day's Low
$119.89
Volume
2,152,284
Avg. Vol
1,956,039
52-wk High
$130.39
52-wk Low
$100.22

Latest Key Developments (Source: Significant Developments)

Kosmos Energy Q1 Adjusted Loss Per Share $0.06
Monday, 6 May 2019 

May 6 (Reuters) - Kosmos Energy Ltd ::KOSMOS ENERGY ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 OF 2019, COMPANY GENERATED A NET LOSS OF $53 MILLION, OR $0.13 PER DILUTED SHARE.Q1 2019 REVENUES WERE $297 MILLION ON SALES OF 5.1 MILLION BARRELS OF OIL EQUIVALENT.CAPITAL EXPENDITURES IN THE FIRST QUARTER WERE $110 MILLION.TOTAL NET PRODUCTION VOLUMES DURING Q1 OF 2019 AVERAGED APPROXIMATELY 59,500 BARRELS OF OIL EQUIVALENT (BOEPD) PER DAY.Q1 ADJUSTED LOSS PER SHARE $0.06.KOSMOS EXITED Q1 OF 2019 WITH APPROXIMATELY $0.5 BILLION OF LIQUIDITY AND $2.1 BILLION OF NET DEBT.REMAIN ON TRACK TO HIT PRODUCTION GROWTH GUIDANCE FOR YEAR.IN WIDER MAURITANIA/SENEGAL BASIN, COMMENCED FORMAL PROCESS TO SELL DOWN INTEREST TO AROUND 10% WITH BIDS EXPECTED BY END OF SUMMER.Q1 EARNINGS PER SHARE VIEW $-0.07 -- REFINITIV IBES DATA.IN Q1 CO EXECUTED FARM-IN AGREEMENT WITH CHEVRON COVERING RIGHT TO EARN INTEREST IN STRATEGIC BLOCK IN DEEPWATER U.S. GULF OF MEXICO.WILL BE DESIGNATED OPERATOR, PLANS TO COMMENCE DRILLING OPERATIONS ON FIRST WELL IN 2019 IN BLOCK IN DEEPWATER U.S. GULF OF MEXICO.AS OF EARLY MAY, ALL MAJOR CONTRACTS AWARDED FOR TORTUE PHASE 1, AND CONSTRUCTION ACTIVITY FOR PROJECT HAS COMMENCED WITH WORK ON FPSO.SEES FY PRODUCTION 69,000 - 73,000 BOE PER DAY.SEES CAPEX OF $425 MILLION - $475 MILLION IN FY 2019.  Full Article

Buffett was willing to invest $20 bln in Occidental bid for Anadarko- CNBC
Friday, 3 May 2019 

May 3 (Reuters) - :BUFFETT WOULD HAVE INVESTED UPTO $20 BILLION IN OCCIDENTAL - CNBC, CITING SOURCES.BUFFETT GETS $50 MILLION SIGNING FEE FOR OCCIDENTAL INVESTMENT - CNBC, CITING SOURCES.  Full Article

Chevron Announces Quarterly Dividend
Thursday, 25 Apr 2019 

April 24 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES QUARTERLY DIVIDEND.CHEVRON CORP - DECLARED A QUARTERLY DIVIDEND OF ONE DOLLAR AND NINETEEN CENTS PER SHARE.  Full Article

Occidental CEO Vicki Hollub Says Have Been Working On Anadarko Deal For Two Years - CNBC Interview
Wednesday, 24 Apr 2019 

April 24 (Reuters) - :OCCIDENTAL CEO VICKI HOLLUB SAYS HAVE BEEN WORKING ON ANADARKO DEAL FOR TWO YEARS - CNBC INTERVIEW.OCCIDENTAL CEO VICKI HOLLUB SAYS CONFIDENT WILL GET SHAREHOLDER SUPPORT FOR ANADARKO DEAL.  Full Article

Occidental Petroleum Makes Superior Proposal To Acquire Anadarko
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Occidental Petroleum Corp ::OCCIDENTAL MAKES SUPERIOR PROPOSAL TO ACQUIRE ANADARKO.OCCIDENTAL PETROLEUM CORP - 50-50 CASH AND STOCK TRANSACTION IS VALUED AT $57 BILLION.OCCIDENTAL PETROLEUM CORP - OCCIDENTAL'S PROPOSAL REPRESENTS A PREMIUM OF ABOUT 20% TO VALUE OF ANADARKO'S PENDING TRANSACTION AS OF APRIL 23, 2019.OCCIDENTAL PETROLEUM - DELIVERED A LETTER TO BOARD OF ANADARKO SETTING FORTH TERMS OF A SUPERIOR PROPOSAL BY CO TO BUY ANADARKO FOR $76.00 PER SHARE.OCCIDENTAL PETROLEUM CORP - ANADARKO SHAREHOLDERS WOULD RECEIVE $38.00 IN CASH AND 0.6094 SHARES OF OCCIDENTAL STOCK FOR EACH SHARE OF ANADARKO STOCK.OCCIDENTAL PETROLEUM CORP - PROPOSED DEAL EXPECTED TO DELIVER $3.5 BILLION OF FREE CASH FLOW IMPROVEMENT THROUGH $2.0 BILLION OF ANNUAL COST SYNERGIES.OCCIDENTAL PETROLEUM - IN OFFER, ANADARKO SHAREHOLDERS WOULD GET $38.00 IN CASH, 0.6094 SHARES OF OCCIDENTAL STOCK FOR EACH SHARE OF ANADARKO STOCK.OCCIDENTAL PETROLEUM - BOARD UNANIMOUSLY APPROVED CO'S PROPOSAL.OCCIDENTAL PETROLEUM - IS FIRMLY COMMITTED TO MAINTAINING ITS CURRENT DIVIDEND GROWTH STRATEGY.OCCIDENTAL PETROLEUM CORP - EXECUTED FINANCING COMMITMENTS WITH BOFA MERRILL LYNCH AND CITI FOR CASH PORTION OF OUR PROPOSAL.OCCIDENTAL PETROLEUM CORP - OUR MERGER AGREEMENT WILL NOT CONTAIN ANY FINANCING CONDITION.OCCIDENTAL PETROLEUM CORP - WOULD EXPECT TO SEEK APPROVAL OF SHAREHOLDERS OF BOTH COMPANIES AND CLOSE A TRANSACTION IN SECOND HALF OF 2019.  Full Article

Reliance Industries Says Volumes Expected To Improve In Chevron JV
Thursday, 18 Apr 2019 

April 18 (Reuters) - RELIANCE INDUSTRIES LTD ::VOLUMES EXPECTED TO IMPROVE IN CHEVRON JV WITH HOOK-UP OF NEW WELL PAD WHICH IS ANTICIPATED BY END 2QCY19.DIGITAL SERVICES BUSINESS NET ADDITION DURING QUARTER OF 26.6 MILLION.NEW TARIFF ORDER IMPLEMENTATION HAS RESULTED IN VIEWERSHIP BEING IMPACTED FOR ALL BROADCASTERS.ON MEDIA BUSINESS: NEW TARIFF ORDER RESULTED IN VOLATILE VIEWERSHIP DATA, AND ADVERTISERS PULLING BACK SPENDS DURING QUARTER.  Full Article

Chevron Corp Says Dutch Supreme Court Rules For Chevron In Ecuador Dispute
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Chevron Corp ::CHEVRON CORP SAYS DUTCH SUPREME COURT RULES FOR CHEVRON IN ECUADOR DISPUTE.CHEVRON SAYS ECUADORIAN JUDGMENT PREVIOUSLY WAS FOUND BY INTERNATIONAL ARBITRAL TRIBUNAL & BY U.S. COURTS TO HAVE BEEN OBTAINED BY FRAUD, BRIBERY, CORRUPTION.CHEVRON SAYS DECISION BY SUPREME COURT OF NETHERLANDS UPHOLDS RULINGS OF TWO DUTCH LOWER COURTS THAT REJECTED ECUADOR'S ATTEMPTS TO ANNUL THOSE AWARDS..  Full Article

Occidental Bid For Anadarko Reached Mid-$70S Per Share Before Chevron Deal Disrupted Talks- CNBC
Monday, 15 Apr 2019 

April 15 (Reuters) - :OCCIDENTAL BID FOR ANADARKO REACHED MID-$70S PER SHARE BEFORE CHEVRON DEAL DISRUPTED TALKS- CNBC.  Full Article

Chevron To Buy Anadarko For $33 Billion
Friday, 12 Apr 2019 

April 12 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES AGREEMENT TO ACQUIRE ANADARKO.CHEVRON CORP - TRANSACTION VALUED AT $33 BILLION.CHEVRON CORP - PROPOSED DEAL FOR $65 PER SHARE.CHEVRON CORP - TOTAL ENTERPRISE VALUE OF TRANSACTION IS $50 BILLION..CHEVRON CORP - DEAL ACCRETIVE TO FREE CASH FLOW AND EARNINGS ONE YEAR AFTER CLOSE.CHEVRON CORP - SHARE REPURCHASE ANNUAL TARGET INCREASES BY 25 PERCENT TO $5 BILLION.CHEVRON CORP - ANADARKO SHAREHOLDERS WILL RECEIVE 0.3869 SHARES OF CHEVRON AND $16.25 IN CASH FOR EACH ANADARKO SHARE.CHEVRON CORP - UPON CLOSING, COMPANY WILL CONTINUE BE LED BY MICHAEL WIRTH AS CHAIRMAN AND CEO.CHEVRON CORP - CHEVRON PLANS TO INCREASE ITS SHARE REPURCHASE RATE FROM $4 BILLION TO $5 BILLION PER YEAR UPON CLOSING TRANSACTION.CHEVRON CORP - CHEVRON WILL REMAIN HEADQUARTERED IN SAN RAMON, CALIFORNIA..CHEVRON CORP - CHEVRON EXPECTS TRANSACTION TO BE ACCRETIVE TO FREE CASH FLOW AND EARNINGS PER SHARE ONE YEAR AFTER CLOSING, AT $60 BRENT.CHEVRON CORP - ACQUISITION CONSIDERATION IS STRUCTURED AS 75 PERCENT STOCK AND 25 PERCENT CASH, PROVIDING AN OVERALL VALUE OF $65 PER SHARE.CHEVRON CORP - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES AND IS EXPECTED TO CLOSE IN SECOND HALF OF YEAR.CHEVRON CORP - CHEVRON WILL ISSUE APPROXIMATELY 200 MILLION SHARES OF STOCK AND PAY APPROXIMATELY $8 BILLION IN CASH.CHEVRON CORP - ACQUISITION IS SUBJECT TO ANADARKO SHAREHOLDER APPROVAL.  Full Article

Chevron CEO Michael Wirth Says Anadarko Deal Boosts Co's LNG Business- CNBC interview
Friday, 12 Apr 2019 

April 12 (Reuters) - :CHEVRON CEO MICHAEL WIRTH SAYS WE THINK $65 PER SHARE IS A FAIR PRICE FOR ANADARKO'S SHAREHOLDERS AND FOR OUR SHAREHOLDERS- CNBC INTERVIEW.CHEVRON CEO MICHAEL WIRTH SAYS CHEVRON TO INCREASE BUYBACK PROGRAM AFTER ANADARKO DEAL- CNBC INTERVIEW.CHEVRON CEO WIRTH SAYS ANADARKO DEAL BOOSTS CO'S LNG BUSINESS.CHEVRON CEO WIRTH SAYS THERE IS A BREAK UP FEE FOR THE DEAL, WILL BE DISCLOSED LATER TODAY.CHEVRON CEO WIRTH SAYS CONFIDENT IN DELIVERING SYNERGIES AND STRONGER CASH FLOW IN FUTURE.  Full Article

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BP faces investor push to beef up fight against climate change

LONDON BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act.