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Chevron Corp (CVX)

CVX on New York Consolidated

104.72USD
26 May 2017
Change (% chg)

$-0.39 (-0.37%)
Prev Close
$105.11
Open
$105.05
Day's High
$105.29
Day's Low
$104.60
Volume
3,752,505
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6,165,374
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$119.00
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$97.53

Latest Key Developments (Source: Significant Developments)

Wood Group wins a ten-year services contract from Chevron
Wednesday, 17 May 2017 09:01am EDT 

May 17 (Reuters) - John Wood Group Plc ::Signs global master services agreement with Chevron and is awarded conceptual engineering contracts for Tigris and Anchor.Deal is a ten-year master services agreement.  Full Article

Soros Fund Management more than triples share stake in Microsoft, takes share stake in Snap, Alibaba
Monday, 15 May 2017 05:34pm EDT 

May 15 (Reuters) - Soros Fund Management::Takes share stake in Alibaba of 107,200 ADRs - SEC filing.Dissloves share stake in Amazon.com Inc.Takes share stake of 9,900 shares in Chevron.More than triples share stake in Microsoft to 12,800 shares.Ups share stake in Goldman Sachs Group Inc by 39.8 percent to 86,800 shares.Takes share stake of 3,600 shares in Walt Disney Co.Takes share stake of 31,200 shares in Pfizer Inc.Takes share stake of 1.7 million class A shares in Snap Inc.Takes share stake of 4,100 shares in Wal-Mart Stores Inc.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

Chevron Corp says received an administrative order from U.S. EPA in Nov 2016
Thursday, 4 May 2017 12:19pm EDT 

May 4 (Reuters) - Chevron Corp :Chevron Corp - On Nov 18, 2016, co received an administrative order from the U.S. Environmental Protection Agency - SEC filing.Chevron Corp - Order alleging noncompliance with water permit that governed conveyances of captured groundwater and spring water from former Questa mine.Chevron Corp says it is in negotiations with EPA regarding the matter. And its resolution may result in payment of civil penalties of $100,000 or more.  Full Article

Oil major Total starts production at Badamyar site
Tuesday, 2 May 2017 02:47am EDT 

May 2 (Reuters) - Total ::* Total has started up production from the Badamyar project, located offshore 220 kilometers south of Yangon in the Republic of the Union of Myanmar.* Total says project will enable an extension of the Yadana gas field's 8 billion cubic meters per year production plateau beyond 2020.* "This project underscores Total's commitment to develop gas projects to provide Myanmar and Thaïland with affordable, reliable and clean energy to support the countries’ economic growth over the coming years," said Arnaud Breuillac, President, Exploration & Production at Total, in a statement.* Total is the operator of the project with a 31.2% interest. Its partners are Chevron-Unocal (28.3%), PTTEP (25.5%) and the national company MOGE (15%). .  Full Article

Chevron sees cash flow rising through rest of 2017
Friday, 28 Apr 2017 12:07pm EDT 

April 28 (Reuters) - Chevron Corp :Says Tengizchevroil did not pay a dividend in first quarter.Chief Financial Officer Pat Yarrington says Tengizchevroil dividend 'more likely' in second half of 2017.Says Gorgon LNG project running at 85 percent capacity.Says has shipped 67 LNG cargos from Gorgon, about to ship 68th.Says still expects first production from Wheatstone LNG project by mid-year.Says will boost Permian drilling rig count by 67 percent to 20 by end of 2018.CFO says 75 percent of spending should generate cash within two years.CFO expresses 'huge disappointment' in recent tax ruling from Australian court.CFO: 'If the ruling stands, it's going to affect any future investment in Australia'.CFO says if were to sell Canadian oil sands business, 'We'd want to make sure we got good value for it'.CFO says Gorgon LNG project should add 'a couple billion dollars' to company's 2017 cash flow.CFO says Venezuela unrest has had 'minimal impact' on operations.CFO says in Nigeria 'some disruption' to production facilities in first quarter.CFO says Permian operations only place in global portfolio seeing prices rise for oilfield services.CFO says cash flow should rise through rest of 2017.CFO says current 24 percent debt ratio 'an OK place to be,' but would like to cull debt load.  Full Article

Chevron Q1 earnings per share $1.41
Friday, 28 Apr 2017 08:30am EDT 

April 28 (Reuters) - Chevron Corp :Chevron reports first quarter net income of $2.7 billion.Q1 earnings per share $1.41.Q1 sales $32 billion versus $23 billion.Chevron corp - international upstream operations earned $1.4 billion in q1 2017, compared with a loss of $609 million a year earlier..Chevron corp - worldwide net oil-equivalent production was 2.68 million barrels per day in q1 2017, compared with 2.67 million barrels per day in 2016 q1.Says u.s. Upstream operations earned $80 million in q1 2017, compared with a loss of $850 million from a year earlier.u.s. Downstream operations earned $469 million in q1 2017, compared with earnings of $247 million a year earlier.Q1 earnings per share view $0.86, revenue view $33.30 billion -- Thomson Reuters I/B/E/S.Chevron - international upstream net oil-equivalent production of 2 million barrels per day in q1 2017 increased 39,000 barrels per day, or 2 percent, from a year ago.u.s. Downstream refinery crude oil input in q1 2017 decreased 5 percent to 912,000 barrels per day from year-ago period.Chevron corp - international downstream operations earned $457 million in q1 2017, compared with $488 million a year earlier.Chevron - u.s. Net oil-equivalent production of 672,000 barrels per day in q1 2017 was down 29,000 barrels per day, or 4 percent, from a year earlier.Chevron corp - foreign currency effects decreased earnings in q1 2017 by $241 million, compared with a decrease of $319 million a year earlier.  Full Article

Chevron announces quarterly dividend
Wednesday, 26 Apr 2017 04:30pm EDT 

April 26 (Reuters) - Chevron Corp :Chevron announces quarterly dividend.Chevron - declared a quarterly dividend of one dollar and eight cents $1.08 per share.  Full Article

Chevron announces sale of wholly-owned Bangladesh units
Monday, 24 Apr 2017 05:00am EDT 

April 24 (Reuters) - Chevron Corp ::Chevron announces planned sale of Bangladesh companies.Entered into an agreement to sell shares of its wholly-owned indirect subsidiaries operating in Bangladesh to Himalaya Energy Co. Ltd.Chevron Bangladesh operates block 12 (Bibiyana field) and blocks 13 and 14 (Jalalabad and Moulavi Bazar fields).  Full Article

KBR awarded contract by PT Chevron Pacific Indonesia
Wednesday, 19 Apr 2017 05:54am EDT 

April 19 (Reuters) - Chevron Corp :KBR - awarded contract by PT Chevron Pacific Indonesia for engineering, construction management services for Chevron's operating fields in Sumatra.KBR Inc - revenue associated with project was undisclosed.KBR Inc - revenue associated with project will be booked into backlog of unfilled orders for co's engineering & construction business segment in Q2.  Full Article

Parkland to buy Chevron Canada's downstream fuel business
Tuesday, 18 Apr 2017 04:27pm EDT 

April 18 (Reuters) - Parkland Fuel Corp ::Parkland to acquire Chevron Canada's downstream fuel business.Parkland Fuel Corp - subject to satisfaction of customary closing conditions, parkland will pay approximately $1,460 million.Parkland Fuel Corp says Parkland expects to reduce its leverage ratio to well within its previous guidance by 2019.Parkland Fuel Corp says Parkland expects to replace bridge facility with alternative longer term debt prior to closing of acquisition.Parkland Fuel - total identified annual run-rate synergies of $35-$50 million, resulting in total estimated normalized ebitda of $265-$280 million from deal.Parkland Fuel Corp - Parkland will pay an estimated $186 million in working capital for acquired business.Parkland fuel - intends to enter into working capital financing agreement with merrill lynch commodities to finance hydrocarbon inventory & receivables.Parkland Fuel corp says 30%+ accretion to 2016 distributable cash flow per share on a run-rate, normalized basis from deal.Parkland Fuel- entered into agreement with underwriters bookrun by TD Securities inc., National Bank Financial inc., to sell about 24 million shares.Parkland Fuel Corp - entered into an agreement with chevron canada limited to acquire all of shares of chevron canada r&m ulc.Parkland Fuel Corp - Parkland expects to close cst acquisition in q2 2017.  Full Article

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