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Chevron Corp (CVX)

CVX on New York Consolidated

106.70USD
28 Apr 2017
Change (% chg)

$1.23 (+1.17%)
Prev Close
$105.47
Open
$107.05
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$105.99
Volume
6,848,413
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6,211,400
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$119.00
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Latest Key Developments (Source: Significant Developments)

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

KBR executes global master contract with Chevron
Thursday, 13 Apr 2017 05:56am EDT 

KBR Inc : KBR executes global master contract with Chevron . KBR Inc - Signed a multi-phase ten-year engineering and procurement services master contract with Chevron U.S.A. Inc .KBR Inc - Contract with Chevron U.S.A. Inc. to provide engineering and procurement services for Chevron in multiple global locations.  Full Article

Snc-Lavalin awarded contract for Chevron Australia
Thursday, 6 Apr 2017 08:00am EDT 

Snc-lavalin Group Inc : Snc-Lavalin awarded onshore and offshore telecommunications maintenance and support contract for Chevron Australia .Snc-Lavalin Group- as per contract, co will provide both onshore and offshore maintenance for 30 telecommunication and electronic systems.  Full Article

Chevron concludes sale of geothermal operations in Indonesia
Friday, 31 Mar 2017 06:42am EDT 

Chevron Corp - : Chevron concludes sale of geothermal operations in Indonesia . Chevron received cash proceeds upon settlement on March 31, and will reflect gain in q1 2017 results .Conclusion of sale of Chevron's geothermal business in Philippines is expected later in 2017.  Full Article

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

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Surging Chevron, Exxon profits signal oil industry turnaround

HOUSTON Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions.