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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Chevron Phillips Chemical, Qatar Petroleum To Jointly Develop U.S. Gulf Coast Petrochemical Project
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Qatar Petroleum::CHEVRON PHILLIPS CHEMICAL AND QATAR PETROLEUM ANNOUNCE PLANS TO JOINTLY DEVELOP U.S. GULF COAST PETROCHEMICAL PROJECT.QATAR PETROLEUM - $8 BILLION PROJECT.QATAR PETROLEUM - CHEVRON PHILLIPS CHEMICAL WOULD BE MAJORITY OWNER WITH A 51 PERCENT SHARE AND QATAR PETROLEUM WOULD OWN 49 PERCENT OF PROJECT.QATAR PETROLEUM - USGC II WILL INCLUDE A 2,000 KTA ETHYLENE CRACKER AND TWO 1,000 KTA HIGH-DENSITY POLYETHYLENE UNITS..QATAR PETROLEUM - CHEVRON PHILLIPS CHEMICAL AND QATAR PETROLEUM EXPECT A FINAL INVESTMENT DECISION (FID) NO LATER THAN 2021.QATAR PETROLEUM - PRELIMINARY COST OF USGC II IS APPROXIMATELY $8 BILLION..QATAR PETROLEUM - TARGETED STARTUP OF NEW FACILITY IN 2024 FOR U.S. GULF COAST PETROCHEMICAL PROJECT.QATAR PETROLEUM - CHEVRON PHILLIPS CHEMICAL WOULD PROVIDE PROJECT MANAGEMENT AND OVERSIGHT AND BE RESPONSIBLE FOR OPERATION AND MANAGEMENT OF FACILITY.  Full Article

Chevron Says A Group Of Ecuadorian Plaintiffs Has Ended Its Canadian Lawsuit Against Co
Tuesday, 9 Jul 2019 

July 8 (Reuters) - Chevron Corp ::CHEVRON CORP SAYS A GROUP OF ECUADORIAN PLAINTIFFS HAS ENDED ITS CANADIAN LAWSUIT AGAINST COMPANY.CHEVRON CORP SAYS ECUADORIAN PLAINTIFFS END LITIGATION AGAINST CHEVRON.  Full Article

Chevron Corp Says David Inchausti Named Corporate Vice President And Comptroller
Tuesday, 4 Jun 2019 

June 3 (Reuters) - Chevron Corp ::DAVID INCHAUSTI NAMED CORPORATE VICE PRESIDENT AND COMPTROLLER.CHEVRON CORP - INCHAUSTI SUCCEEDS JEANETTE OURADA, WHO HAS ELECTED TO LEAVE COMPANY.CHEVRON CORP - NAMED DAVID INCHAUSTI AS CORPORATE VICE PRESIDENT AND COMPTROLLER EFFECTIVE JUNE 16, 2019.  Full Article

Ithaca CEO: Company Large Enough After Chevron Deal To List On Stock Exchange
Thursday, 30 May 2019 

May 30 (Reuters) - Delek Group Ltd ::ITHACA ENERGY CEO SAYS EXPECTS TO CLOSE DEAL TO BUY CHEVRON NORTH SEA OIL, GAS FIELDS IN SEPTEMBER.ITHACA ENERGY CEO SAYS EXPECTS IPO IN LONDON AFTER CHEVRON DEAL CLOSES, DELEK GROUP TO KEEP MAJORITY STAKE.ITHACA CEO SAYS SIZE OF COMPANY LARGE ENOUGH AFTER CHEVRON DEAL TO LIST ON STOCK EXCHANGE.  Full Article

Ithaca Energy To Acquire Chevron North Sea For $2 Bln
Thursday, 30 May 2019 

May 30 (Reuters) - ITHACA ENERGY::TO ACQUIRE CHEVRON NORTH SEA LIMITED FOR $2 BILLION.ITHACA'S ASSET BASE IS ESTIMATED TO CONSIST OF 2P RESERVES OF ABOUT 225 MMBOE.PORTFOLIO IS FORECAST TO DELIVER PRO-FORMA 2019 PRODUCTION OF ABOUT 80,000 BARRELS OF OIL EQUIVALENT PER DAY.ABOUT 500 EMPLOYEES WILL TRANSFER TO CO, OF WHICH AROUND 200 WORK OFFSHORE ON OPERATED ASSETS.DEAL WILL BE FUNDED THROUGH AN UPSIZED $1.65 BILLION RESERVE BASED LENDING SENIOR DEBT FACILITY.DEAL WILL ALSO BE FUNDED THROUGH $700 MILLION DEAL DEBT FINANCING FACILITY, AN EQUITY INVESTMENT BY DELEK & EXISTING CASH RESOURCES.ITHACA'S EXISTING $300 MILLION TERM LOAN AND ASSOCIATED DELEK GUARANTEES WILL BE RETIRED AS PART OF REFINANCING.  Full Article

Chevron Says First Financial Priority Continues To Be Maintaining, Growing Dividend
Wednesday, 29 May 2019 

May 29 (Reuters) - Chevron Corp ::CHEVRON REPORTS BUSINESS RESULTS AT ANNUAL STOCKHOLDERS MEETING.CHEVRON CORP - EXPECTS TO INCREASE OIL AND NATURAL GAS PRODUCTION BY 4 TO 7 PERCENT IN 2019.CHEVRON CORP - ALSO PLANS TO INCREASE ITS SHARE REPURCHASE RATE BY 25 PERCENT TO $5 BILLION PER YEAR..CHEVRON CORP - PRIORITY CONTINUES TO BE MAINTAINING AND GROWING ITS DIVIDEND.CHEVRON CORP - AN AVERAGE OF 97 PERCENT OF THE VOTES CAST WERE VOTED FOR EACH OF THE 11 NOMINEES FOR ELECTION TO THE BOARD OF DIRECTORS..CHEVRON CORP - ABOUT 68 PERCENT OF THE VOTES CAST WERE VOTED AGAINST THE STOCKHOLDER PROPOSAL TO REPORT ON HUMAN RIGHT TO WATER..CHEVRON CORP - ABOUT 67 PERCENT OF THE VOTES CAST WERE VOTED AGAINST THE STOCKHOLDER PROPOSAL TO REPORT ON REDUCING CARBON FOOTPRINT..CHEVRON - APPROXIMATELY 92% OF VOTES CAST WERE VOTED AGAINST STOCKHOLDER PROPOSAL TO CREATE BOARD COMMITTEE ON CLIMATE CHANGE.CHEVRON CORP - ABOUT 74% OF VOTES CAST WERE VOTED AGAINST STOCKHOLDER PROPOSAL TO ADOPT POLICY FOR AN INDEPENDENT CHAIRMAN.  Full Article

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

Trump administration split on renewing Chevron's Venezuela licence

WASHINGTON The Trump administration is split over whether to renew a licence this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.