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Chevron Corp (CVX)

CVX on New York Consolidated

108.07USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Toisa says Chevron agreed to ratify its charter with co's united ideal vessel to cover a 30-day voyage from Arabian Gulf to South Africa
Thursday, 23 Mar 2017 05:43pm EDT 

Chevron Corp :Toisa Ltd says Chevron Corp agreed to ratify its charter with co's united ideal vessel to cover a 30-day voyage from Arabian Gulf to South Africa.  Full Article

Chevron starts production at Mafumeira Sul offshore Angola
Wednesday, 8 Mar 2017 07:36am EST 

Chevron Corp : Chevron starts production at Mafumeira Sul offshore Angola . Chevron Corp - Mafumeira Sul offshore Angola has a design capacity of 150,000 barrels of liquids and 350 million cubic feet of natural gas per day . Chevron Corp- ramp-up to full production is expected to continue through 2018 from facility .Chevron Corp - early production from project commenced in october 2016 through a temporary production system.  Full Article

Chevron CEO on CNBC says support tax reform, encouraged by Trump administration's "pro business" approach
Tuesday, 7 Mar 2017 04:15pm EST 

: Chevron CEO on CNBC says will make $30 billion investment in U.S. Over next four years . Chevron CEO on CNBC says strongly support tax reform and has been encouraged by "pro business" approach of the Trump administration Further company coverage: [CVX.N] ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Chevron affirms production, margins, cash flow growth plans
Tuesday, 7 Mar 2017 08:00am EST 

Chevron Corp : Chevron affirms production, margins, and cash flow growth plans . Chevron Corp - "we intend to be cash balanced in 2017" . Chevron Corp - 75 percent of company's 2017 capital budget is expected to generate cash within next two years . Chevron Corp - intend to grow free cash flow in years after 2017 . Chevron Corp - we see "ultimate production potential exceeding" 700,000 barrels per day within a decade in Permian Basin .Chevron Corp - concentrating new investments on "short cycle-time, high-return opportunities from our advantaged positions such as Permian Basin".  Full Article

Thailand's PTTEP keen to bid for petroleum fields at home and abroad
Wednesday, 1 Mar 2017 11:53pm EST 

PTT Exploration and Production Pcl , Thailand's largest oil and gas explorer, told a briefing. : Says interested in bidding for petroleum fields in Thailand, Malaysia, Indonesia and Myanmar . Considering buying a stake in Arthit gas field from Chevron . Targets a unit cost of $30-$31 per barrel of oil equivalent this year, close to last year's level Further company coverage: [PTTEP.BK] (Writing by Orathai Sriring) ((orathai.sriring@thomsonreuters.com;)).  Full Article

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

More From Around the Web

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Chevron starts production at Gorgon Train Three LNG project

SINGAPORE Chevron has started production of liquefied natural gas (LNG) from the third of three production units at the Gorgon LNG project located off Western Australia, the company said on Tuesday.