Tag: Chevron
Exxon, Chevron earnings gutted by virus-driven demand slump
(Bloomberg) Exxon Mobil Corp. and Chevron Corp. posted the worst losses in a generation after the pandemic and a global crude glut combined to batter...
Chevron set to buy out Noble Energy for $5 billion in...
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of...
Chevron’s cost-reduction measure may eliminate up to 15% of workforce
(Bloomberg) --Chevron is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global oil...
Qatar Petroleum inviting Exxon, Chevron and ConocoPhillips for JV gas talks
Qatar Petroleum will invite Exxon, Chevron and ConocoPhillips for talks to form a joint venture to expand gas production at the country's North Field,...
Petrochemical products at forefront of COVID-19 fight – Chevron CEO
Chevron Chairman and CEO Mike Wirth has described the petroleum industry as “ubiquitous and essential” in the fight against the COVID-19 pandemic which has...
Chevron, Exxon curtail production as US shut-ins set to double
US production of 616,000 barrels of oil per day (bpd) will be shut during May and 655,000 bpd during June as a result of...
Exxon, Chevron slam brakes on shale as oil demand tumbles
(Reuters) - Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers plan for combined...
Trump orders US oil major to leave Venezuela by December 1
(MarketWatch) The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in...
Chevron exits Azerbaijan in billion dollar plus deal
Chevron Corporation (NYSE: CVX) announced on Thursday that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including...
Chevron plans $80B in dividends as shale production ramps up
(Bloomberg) - Chevron plans as much as $80 billion in dividends and share buybacks over the next five years, boosting distributions by 20% compared...