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Chevron Corp (CVX)

CVX on New York Consolidated

110.12USD
24 Feb 2017
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$-0.90 (-0.81%)
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Latest Key Developments (Source: Significant Developments)

Chevron sees average worldwide oil-equivalent production in 2017 to grow 4-9 pct
Thursday, 23 Feb 2017 01:46pm EST 

Chevron Corp : Pursuing selected opportunities for divestment of additional properties in the U.S. in 2017 - SEC filing . Divested selected shelf properties in 2016 and is pursuing divestment of additional shelf assets in 2017 in Gulf of Mexico . Sees average worldwide oil-equivalent production in 2017 to grow 4-9 percent versus 2016, assuming brent crude oil price of $50 per barrel & before asset sales .Impact of 2017 asset sales on fy production expected to be 50,000 to 100,000 barrels of oil-equivalent per day in upstream operations.  Full Article

Worleyparsons wins EPCM and fabrication contract with Chevron
Tuesday, 7 Feb 2017 08:19pm EST 

Worleyparsons Ltd : Chevron awards EPCM and fabrication contract . EPCM contract valued at approximately $67 million . Will modularize new facilities to minimize construction in vicinity of operating refinery units and provide significant overall cost savings . Worleyparsonscord contract value is projected at approximately $20 million .The new plant is expected to significantly lower risks and environmental impact.  Full Article

Worleyparsons wins EPCM and fabrication contract with Chevron
Tuesday, 7 Feb 2017 06:19pm EST 

Worleyparsons Ltd : Chevron awards EPCM and fabrication contract . EPCM contract valued at approximately $67 million . Will modularize new facilities to minimize construction in vicinity of operating refinery units and provide significant overall cost savings . Worleyparsonscord contract value is projected at approximately $20 million .The new plant is expected to significantly lower risks and environmental impact.  Full Article

Chevron CEO says top priority remains dividend
Friday, 27 Jan 2017 12:12pm EST 

Chevron Corp : Chief Executive John Watson says top priority remains keeping & growing dividend . CEO says still expects Wheatstone LNG project to come online this year . CEO says work on Gorgon LNG train 3 will continue this year . CEO says expects to cut operating expenses further in 2017 . CEO says expects to be cash flow neutral this year . CEO says has laid off 9,500 employees since end of 2014 . CEO says most significant layoffs are 'behind us' . CEO says Gorgon LNG operations are stable; 10 cargos shipped since Jan. 1 . CEO says expect first LNG from Gorgon train 3 early in second quarter . CEO says lowered Permian unit operating costs by 35 percent last year . CEO says has 10 Permian rigs operating today . CEO says adding new rigs in Permian every 8 weeks . CEO says capex would drop further in 2018 if oil prices stay in $50-$55/barrel range . CEO says: 'I've been very pleased with the Trump Administration agenda' . CEO says U.S. tax system has not been competitive for some time . CEO says agrees with U.S. President Trump that any border tax schema would be complex . CEO says: 'We need to take a look at the consequences of' U.S. border tax, both positive and negative .CEO says has been able to 'navigate pretty well' in Venezuela.  Full Article

Chevron announces quarterly dividend
Wednesday, 25 Jan 2017 04:30pm EST 

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

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

More From Around the Web

Chevron suspends production at Gorgon Train Two LNG project - spokesman

SINGAPORE, Feb 24 Chevron has temporarily suspended production of liquefied natural gas (LNG) at its Gorgon Train Two production line in Australia, a company spokesman said in an email statement on Friday.