Key Developments: Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

126.44USD
1 Aug 2013
Price Change (% chg)

$0.55 (+0.44%)
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Latest Key Developments (Source: Significant Developments)

Chevron Corp Announces Quarterly Dividend
Wednesday, 31 Jul 2013 04:30pm EDT 

Chevron Corp announced that the declared a quarterly dividend of $1.00 per share, payable September 10, 2013, to holders of common stock as shown on the transfer records of the Corporation at the close of business on August 19, 2013.  Full Article

Chevron Corp And YPF SA Sign USD 1.24 Billion Vaca Muerta Shale Deal-Reuters
Tuesday, 16 Jul 2013 05:41pm EDT 

Reuters reported that on July 16, 2013 Chevron Corp signed an agreement with YPF SA to invest USD 1.24 billion in the Vaca Muerta shale oil and gas formation.  Full Article

Chevron Corp To Sell Two Nigerian Oil Blocks-Reuters
Tuesday, 11 Jun 2013 06:53am EDT 

Reuters reported that Chevron Corp is selling its stake in two Nigerian shallow water oil blocks, the Company said on June 11, 2013, the latest oil major seeking to dispose of assets in Africa. The two blocks OML 83 and OML 85 hold an estimated 200 million barrels of oil and an unknown amount of natural gas but there has been no production yet, two industry sources told Reuters. Chevron did not give details of reserves.  Full Article

Chevron Corp Nears Sale Of Egypt, Pakistan Downstream Assets-Reuters
Tuesday, 21 May 2013 02:59pm EDT 

Reuters reported that Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, with the planned disposals seen raising around $300 million. Chevron is conducting a separate sale process for its assets in both countries, the banking sources said, speaking on condition of anonymity as the matter is not public. Downstream operations of oil companies include refining and processing of crude oil, as well as the marketing and distribution of products. However, the Company said its lubricants business in Egypt and Pakistan was not included in the review. It added that no decision had been made to sell any assets. The energy firm has received at least three non-binding bids for the assets from interested parties, which include regional and international energy companies, one of the sources said, declining to provide details of the bidders. Citigroup Inc is advising Chevron on the sale process.  Full Article

Chevron Corp Agrees Terms With YPF SA On Shale Investment-Reuters
Wednesday, 15 May 2013 04:14pm EDT 

Reuters reported that on May 15, 2013 YPF SA signed an agreement with Chevron Corp to define the terms and conditions of Chevron Corp's investment of up to USD 1.5 billion in Argentina's Vaca Muerta shale field. The joint pilot project will include the drilling of more than 100 non-conventional wells over the next 12 months. The two companies signed a letter of intent to partner on investments in December 2012.  Full Article

Chevron Corp Announces 11.1% Increase In Quarterly Dividend
Wednesday, 24 Apr 2013 04:30pm EDT 

Chevron Corp announced that it has declared a quarterly dividend of $1.00 per share, payable June 10, 2013, to holders of common stock as shown on the transfer records of the Corporation at the close of business on May 17, 2013. The amount represents an 11.1% increase in the Company's quarterly dividend.  Full Article

AP Moeller Maersk A/S, Chevron Corp. And Other DUC Partners To Invest $800 Million In N.Sea Platform-Reuters
Friday, 5 Apr 2013 01:33am EDT 

Reuters reported that the oil and gas unit of Danish oil and shipping group AP Moeller Maersk A/S and its partners will invest $800 million in a new platform in the North Sea. The unit, Maersk Oil, said in a statement the investment by Danish Underground Consortium (DUC) is expected to add reserves and resources of 50 million barrels of oil equivalent over the next 30 years to Danish production. DUC is the partnership between A.P. Moller-Maersk (31.2%), Royal Dutch Shell PLC, Nordsofonden (20%) and Chevron Corp (12.0%). The project schedule aims to have first oil early in 2015.  Full Article

Chevron Corp Announces Quarterly Dividend
Wednesday, 30 Jan 2013 04:30pm EST 

Chevron Corp announced that it declared a quarterly dividend of $0.90 per share, payable March 11, 2013, to holders of common stock as shown on the transfer records of the Corporation at the close of business on February 15, 2013.  Full Article

Chevron Corp's Subsidiary Enters Into Production Sharing Contracts With China National Offshore Oil Corporation
Wednesday, 16 Jan 2013 08:00am EST 

Chevron Corp announced that its China subsidiary has entered into production sharing contracts (PSC) with China National Offshore Oil Corporation (CNOOC) for two exploration blocks in the South China Sea's Pearl River Mouth Basin. Under the PSC agreements, Chevron China Energy Company will hold a 100% interest in blocks 15/10 and 15/28 in the Pearl River Mouth Basin. During the exploration phase Chevron China Energy Company will be the operator of the two shallow water blocks, which in total cover an area of approximately 2,233 square miles (5,782 square km).  Full Article

Chevron Corp Issues Q4 2012 EBIT and EBITDA Guidance Below Analysts' Estimates; Issues Q4 2012 Net Income and EPS Guidance In Line With Analysts' Estimates
Thursday, 10 Jan 2013 05:00pm EST 

Chevron Corp announced that for the fourth quarter 2012, it expects earnings to be notably higher than third quarter 2012. The Company reported EBIT of $13.171 billion, EBITDA of $16.541 billion, Net Income of $5.001 billion and EPS of $2.57 in the third quarter of 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBIT of $10.398 billion, EBITDA of $13.927 billion, Net Income of $5.879 billion and EPS of $3 for the fourth quarter of 2012.  Full Article

Frank's Int. raises IPO size by nearly half to up to $724.5 mln

July 29 - Frank's International N.V., which provides drilling equipment to Chevron Corp, Exxon Mobil Corp and ConocoPhillips, increased the size of its initial public offering by about 45 percent to up to $724.5 million.

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