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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

119.86USD
18 Apr 2019
Change (% chg)

$-0.41 (-0.34%)
Prev Close
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Latest Key Developments (Source: Significant Developments)

Chevron Corp Says Chairman And CEO M.K. Wirth's 2018 Total Compensation Was $20.6 Million
Monday, 15 Apr 2019 

April 15 (Reuters) - Chevron Corp ::CHEVRON CORP SAYS CHAIRMAN AND CEO M.K. WIRTH'S 2018 TOTAL COMPENSATION WAS $20.6 MILLION VERSUS $11.7 MILLION IN 2017 – SEC FILING.CHEVRON CORP - RATIO OF ANNUAL TOTAL COMPENSATION FOR THE CEO TO THE ANNUAL TOTAL COMPENSATION OF MEDIAN COMPENSATED EMPLOYEE WAS 152:1 FOR 2018.CHEVRON CORP SAYS CFO P.E. YARRINGTON'S 2018 TOTAL COMPENSATION WAS $7.2 MILLION VERSUS $8.2 MILLION IN 2017 – SEC FILING.CHEVRON - RECOMMEND SHAREHOLDERS VOTE AGAINST PROPOSAL REQUESTING CO ISSUE REPORT ON HOW IT CAN REDUCE CARBON FOOTPRINT.  Full Article

Chevron Says Combined Co's Output Growth Rate In Next 5 Years To Be Consistent With Prior Guidance - Conf Call
Friday, 12 Apr 2019 

April 12 (Reuters) - Chevron Corp ::CEO SAYS WILL ACCELERATE DEVELOPMENT OF ANADARKO'S PERMIAN ACREAGE- CONF CALL.CEO EXPECTS COMBINED CO'S OUTPUT GROWTH RATE IN NEXT 5 YEARS TO BE CONSISTENT WITH PRIOR GUIDANCE OF 3% TO 4% PER YEAR - CONF CALL.CEO SAYS "FULLY SUPPORT" MOZAMBIQUE LNG PROJECT TIMELINE - CONF CALL.CEO SAYS "LOOK FORWARD TO PARTNERING WITH GOVERNMENT OFFICIALS AND COMMUNNITIES" IN COLORADO - CONF CALL.  Full Article

Occidental Bid More Than $70/Share For Anadarko And Is Now Considering Options- CNBC
Friday, 12 Apr 2019 

April 12 (Reuters) - :OCCIDENTAL BID MORE THAN $70 A SHARE FOR ANADARKO AND IS NOW CONSIDERING OPTIONS: CNBC CITING SOURCES.OCCIDENTAL BID CONTAINED MORE CASH THAN CVX - CNBC CITING SOURCES.CHEVRON-ANADARKO BREAK-UP FEE SAID TO BE 3% OF DEAL - CNBC, CITING SOURCES.  Full Article

Chevron Says Its Strong Balance Sheet Means Anadarko Acquisition Will Not Sacrifice Shareholder Returns
Friday, 12 Apr 2019 

April 12 (Reuters) - Chevron Corp ::CHEVRON ON ANADARKO DEAL - "STRONG BALANCE SHEET" ENABLES CO TO MAKE ACQUISITION WITHOUT SACRIFICING SHAREHOLDER RETURNS.CHEVRON ON ANADARKO DEAL - "STRONG BALANCE SHEET" ENABLES CO TO MAKE ACQUISITION WITHOUT SACRIFICING ABILITY TO CAPTURE FUTURE OPPORTUNITIES.CHEVRON ON ANADARKO DEAL - INTEGRATION TEAM WILL BE LED BY JOE GEAGEA AND BOB GWIN, CURRENT PRESIDENT OF ANADARKO..CHEVRON ON POTENTIAL IMPACT OF DEAL ON JOBS AND CLOSING/OPENING OFFICES - "WE EXPECT THERE WILL BE CHANGES, BUT IT IS TOO EARLY TO KNOW SPECIFICS".CHEVRON ON ANADARKO DEAL - "CHEVRON’S STRATEGIC PRIORITIES REMAIN UNCHANGED".CHEVRON SAYS EXPECT TO ACHIEVE CURRENT ASSET SALE TARGET BY THE END OF THIS YEAR.  Full Article

Chevron Outlines Strategy For Disciplined Growth And Higher Returns
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Chevron Corp ::CHEVRON OUTLINES STRATEGY FOR DISCIPLINED GROWTH AND HIGHER RETURNS.CHEVRON CORP - CAPITAL & EXPLORATORY (C&E) EXPENDITURES OF $19 TO 22 BILLION FROM 2021 TO 2023.CHEVRON CORP - SIX PERCENT SHAREHOLDER YIELD IN 2019.CHEVRON CORP - SEES THREE TO FOUR PERCENT COMPOUND ANNUAL PRODUCTION GROWTH THROUGH 2023.CHEVRON CORP SEES PERMIAN UNCONVENTIONAL PRODUCTION OF 900,000 BARRELS PER DAY IN 2023.CHEVRON CORP - REAFFIRMED A DISCIPLINED C&E PROGRAM AND ESTABLISHED AN ANNUAL TARGET OF $19 TO $22 BILLION FROM 2021 TO 2023.CHEVRON CORP - PERMIAN UNCONVENTIONAL NET OIL-EQUIVALENT PRODUCTION IS NOW EXPECTED TO REACH 600,000 BARRELS PER DAY BY END OF 2020.CHEVRON - EXPECTS ABOUT $30 BILLION OF CASH GENERATION AT $60 BRENT IN 2019 TO BE USED TO FUND 6 PERCENT ANNUAL DIVIDEND INCREASE, OTHER THINGS.CHEVRON - EXPECTS APPROXIMATELY $30 BILLION OF CASH GENERATION IN 2019 TO ALSO BE USED TO FUND $4 BILLION OF EXPECTED SHARE REPURCHASES.CHEVRON CORP SAYS "EXPECT 70 PERCENT OF THIS YEAR'S SPEND TO DELIVER CASH FLOW WITHIN TWO YEARS".  Full Article

S.A Competition Commission Recommends Tribunal Conditional Approval Of Glencore SA-CSA Proposed Merger
Friday, 1 Mar 2019 

March 1 (Reuters) - S. Africa's Competition Commission::RECOMMENDED TO TRIBUNAL THAT PROPOSED MERGER OF GLENCORE SA INTENDS TO ACQUIRE CSA, BE APPROVED, WITH CONDITIONS.FOUND THAT PROPOSED TRANSACTION OF GLENCORE SA-CSA DEAL RAISES PUBLIC INTEREST CONCERNS.APPROVED, WITHOUT CONDITIONS, PROPOSED MERGER, WHEREBY COMMSCOPE INTENDS TO ACQUIRE ARRIS.GLENCORE TO ENSURE CSA CONTINUES TO MEET ANY ONGOING CONTRACTUAL OBLIGATIONS IT HAS TOWARDS RETIRED EMPLOYEES OF CSA.  Full Article

Chevron Appoints Pierre Breber As CFO
Tuesday, 5 Feb 2019 

Feb 4 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES SENIOR LEADERSHIP APPOINTMENTS.PIERRE BREBER NAMED VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.PARFITT NAMED VICE PRESIDENT, MIDSTREAM.COLIN PARFITT NAMED VICE PRESIDENT, MIDSTREAM.COLIN PARFITT NAMED VICE PRESIDENT, MIDSTREAM.BREBER REPLACES PATRICIA YARRINGTON.MARK NELSON NAMED EXECUTIVE VICE PRESIDENT, DOWNSTREAM & CHEMICALS.PIERRE BREBER VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 1, 2019.MARK NELSON WILL SUCCEED BREBER.  Full Article

Chevron says Approved Annual Base Salary Of $1.6 Mln For CEO Wirth
Tuesday, 5 Feb 2019 

Feb 4 (Reuters) - Chevron Corp ::APPROVED AN ANNUAL BASE SALARY OF $1.6 MILLION FOR MICHAEL WIRTH, CHAIRMAN AND CHIEF EXECUTIVE OFFICER.TO INCREASE ANNUAL BASE SALARY OF CFO PATRICIA YARRINGTON BY $31,000, RESULTING IN AN ANNUAL BASE SALARY OF $1.17 MILLION - SEC FILING.BASE SALARY INCREASES WILL BE EFFECTIVE APRIL 1, 2019.APPROVED THE GRANT OF 66,370 PERFORMANCE SHARES, 236,900 STOCK OPTIONS, AND 33,180 RESTRICTED STOCK UNITS TO MICHAEL WIRTH.  Full Article

Premier Oil Says No Decision Taken To Bid For Chevron Assets
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Premier Oil PLC ::STATEMENT RE MARKET SPECULATION.WILL CONTINUE TO LOOK AT OPPORTUNITIES TO ACQUIRE UK NORTH SEA ASSETS IN LINE WITH GROUP'S STATED STRATEGY.CURRENT OPERATIONAL PERFORMANCE REMAINS STRONG WITH PRODUCTION IN FIRST TWO WEEKS OF JANUARY AVERAGING ABOVE 90 KBOEPD.NO FIRM DECISION HAS BEEN TAKEN TO BID FOR ALL OR ANY OF ASSETS CURRENTLY BEING MARKETED BY CHEVRON .  Full Article

Equinor Completes Acquisition Of Uk Rosebank Project
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Equinor ASA ::EQUINOR COMPLETES ACQUISITION OF UK ROSEBANK PROJECT.THE ACQUISITION WAS FIRST ANNOUNCED ON OCT. 1 2018 nL8N1WH51W.  Full Article

Algeria's Sonatrach says to hold talks with Chevron next week

ALGIERS, April 16 Algerian state energy firm Sonatrach will hold talks next week with U.S company Chevron Corp, which has just bought Anadarko, to discuss a shale gas and oil production partnership, Sonatrach's CEO told Reuters on Tuesday.