Edition:
United States

Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

116.28USD
17 Jan 2017
Change (% chg)

$-0.10 (-0.09%)
Prev Close
$116.38
Open
$116.40
Day's High
$116.77
Day's Low
$116.11
Volume
1,604,571
Avg. Vol
2,272,088
52-wk High
$119.00
52-wk Low
$75.33

Latest Key Developments (Source: Significant Developments)

Chevron announces sale of Geothermal Operations
Friday, 23 Dec 2016 06:00am EST 

Chevron Corp : Chevron announces sale of Geothermal Operations .Chevron - Units entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron's Indonesian and Philippines Geothermal assets..  Full Article

Chevron announces $19.8 bln capital and exploratory budget for 2017
Wednesday, 7 Dec 2016 07:34pm EST 

Chevron Corp : Says 2017 budget represents a reduction of 42 percent from 2015 outlays . Chevron announces $19.8 bln capital and exploratory budget for 2017 . Chevron Corp - combination of lower spending and growth in production revenues supports overall objective of becoming cash balanced in 2017 . Included in 2017 program are $4.7 billion of planned affiliate expenditures. . Spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction ."over 70 percent of our planned upstream investment program is expected to generate production within two years".  Full Article

Chevron Corp says has been in commercial discussions about interests in Bangladesh
Wednesday, 12 Oct 2016 11:22pm EDT 

Chevron Corp : Chevron - Can confirm that co has been in commercial discussions about interests in Bangladesh; at this stage,no decision has been made to sell interests Further company coverage: [CVX.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Chevron and ENN sign LNG sales and purchase deal
Monday, 29 Aug 2016 04:30pm EDT 

Chevron Corp : Under terms of SPA, ENN will receive up to 0.65 million metric tons per annum (mtpa) of lng over 10 years . Chevron and ENN sign lng sales and purchase agreement .First delivery of LNG expected to start in 2018 or first half of 2019.  Full Article

Phillips 66 partners to acquire South Louisiana NGL logistics assets
Thursday, 25 Aug 2016 09:52pm EDT 

Phillips 66 Partners Lp : Phillips 66 partners to acquire south louisiana ngl logistics assets . Agreement reached for co to acquire a natural gas liquids logistics system in southeast louisiana currently owned by chevron . Partnership expects ebitda from acquired assets to be approximately $25 million in 2017 . Acquisition will be financed with cash and borrowings under partnership's revolving credit facility .Transaction is expected to close in q4 of 2016 pending regulatory approvals.  Full Article

Exxon, Chevron, Hess said to be in joint bid for Mexican oil- Bloomberg, citing sources
Thursday, 18 Aug 2016 08:15pm EDT 

: Exxon, Chevron, Hess said to be in joint bid for Mexican oil- Bloomberg, citing sources .Exxon, Chevron, Hess have reached joint operating agreement, allowing them to bid to produce oil in 10 areas up for auction- Bloomberg, citing sources.  Full Article

Chevron announces appointment of Dambisa Moyo, Wanda Austin to the board
Tuesday, 9 Aug 2016 09:00am EDT 

Chevron Corp : Dr. Dambisa Moyo and Dr. Wanda M. Austin elected to Chevron's board of directors . Austin's appointment effective Dec 1, 2016; she will serve on company's board nominating and governance committee and public policy committee .Moyo's appointment is effective October 11, 2016; she will serve on company's audit committee.  Full Article

U.S. appeals court rules for Chevron in Ecuador pollution case
Monday, 8 Aug 2016 12:00pm EDT 

Chevron : U.S. appeals court rules in favor of Chevron in Ecuador pollution case -- court ruling . 2nd U.S. circuit court of appeals refuses to enforce judgment that ecuadorian villagers obtained against Chevron in Ecuador . 2nd circuit finds no basis to overturn U.S. district judge's refusal to enforce the multi-billion-dollar judgment . 2nd circuit says lawyer for ecuadorian villagers, Steven Donziger, engaged in "collaborative actions" to win ecuadorian judgment . 2nd circuit: no error to find representatives for ecuadorian villagers responsible for injury to Chevron perpetrated by donziger.  Full Article

Chevron to sell assets in Asia worth up to $5 bln - WSJ
Thursday, 4 Aug 2016 06:45am EDT 

: Chevron to sell assets in Asia worth up to $5 billion - WSJ, citing sources .Chevron is looking to sell is its stake in offshore oil field production venture with China’S Cnooc which could fetch as much as $1 billion - WSJ.  Full Article

Chevron reiterates goal to be cash flow neutral by 2017
Friday, 29 Jul 2016 12:12pm EDT 

Chevron Corp : Executive Jay Johnson says expects to be 'near bottom' of 2016 production outlook . Says expects production to be 2.65 million to 2.67 million barrels of oil equivalent per day by the end of the year . Says expects 'sustained production' from Angola LNG and Gorgon LNG trains 1 and 2 by end of year . Says expects first LNG from Gorgon train 2 by end of year . Says still expects first cargo from Wheatstone LNG by mid-2017 . CFO reiterates goal to be cash flow neutral by 2017 . CFO: 'We are committed to growing the dividend as earnings and cash flow permit' .CFO: 'The board fully understands the value of a dividend increase'.  Full Article

Photo

Argentina clinches deal to attract investment in Vaca Muerta shale

BUENOS AIRES Argentina has clinched a deal with labor unions and energy companies aimed at luring investors to the Vaca Muerta formation in Patagonia, one of the largest shale reserves in the world, the government said on Tuesday.