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Chevron Corp (CVX.N)

CVX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Chevron says Gibraltar Supreme Court awards Co $38 Mln
Friday, 25 May 2018 06:29pm EDT 

May 25 (Reuters) - Chevron Corp ::GIBRALTAR SUPREME COURT AWARDS CHEVRON $38 MILLION AGAINST ECUADORIAN CONSPIRATORS.COURT ISSUED JUDGMENT AGAINST PABLO FAJARDO, LUIS YANZA, ERMEL CHAVEZ, FRENTE DE DEFENSA DE LA AMAZONIA AND SERVICIOS FROMBOLIERE.CHEVRON SAYS COURT'S JUDGMENT RELATED TO THEIR ROLE TO "PROCURE AND ATTEMPT TO ENFORCE FRAUDULENT ECUADORIAN JUDGMENT AGAINST CHEVRON".  Full Article

Amyris Says Novvi LLC and Chevron Entered Agreement
Friday, 18 May 2018 08:30am EDT 

May 18 (Reuters) - Amyris Inc ::AMYRIS SUSTAINABLE LUBRICANTS JOINT VENTURE COMPANY, NOVVI, AND CHEVRON ENTER AGREEMENT TO DEVELOP AND BRING TO MARKET NEW RENEWABLE BASE OIL TECHNOLOGIES.AMYRIS INC - TERMS OF TRANSACTION WERE NOT DISCLOSED.AMYRIS INC - NOVVI LLC AND CHEVRON ENTERED INTO AGREEMENT TO JOINTLY DEVELOP AND BRING TO MARKET NOVEL RENEWABLE BASE OIL TECHNOLOGIES.  Full Article

Chevron Announces Quarterly Dividend
Wednesday, 25 Apr 2018 04:31pm EDT 

April 25 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES QUARTERLY DIVIDEND.CHEVRON CORP - DECLARED A QUARTERLY DIVIDEND OF ONE DOLLAR AND TWELVE CENTS ($1.12) PER SHARE.  Full Article

Chevron Sees 2018 Cash Generation Of About $14 Bln
Tuesday, 6 Mar 2018 08:08am EST 

March 6 (Reuters) - Chevron Corp ::SEES 2018 CASH GENERATION OF ABOUT $14 BILLION.SAYS 2018 TO 2020 GUIDANCE INCLUDES DEBT RATIO OF ABOUT 20 PERCENT ‍​- PRESENTATION.SEES PROCEEDS FROM ASSET SALES OF $5 BILLION – $10 BILLION THROUGH 2020 - PRESENTATION.SEES UPSTREAM CASH MARGIN GROWS $1–2/BBL THROUGH 2020.SEES LNG MARKET OVERSUPPLY IN MID-TERM.SAYS WITH RESPECT TO GLOBAL LNG DEMAND, EXPECT SUPPLY GAP DEVELOPING AROUND 2025.SEES PERMIAN UNCONVENTIONAL YE 2022 PRODUCTION OF 650 MBOED.  Full Article

Chevron Affirms Cash Flow Growth And Capital Discipline
Tuesday, 6 Mar 2018 07:30am EST 

March 6 (Reuters) - Chevron Corp ::CHEVRON AFFIRMS CASH FLOW GROWTH AND CAPITAL DISCIPLINE.CHEVRON CORP - INTEND TO GROW FREE CASH FLOW IN 2018 AND THEREAFTER.CHEVRON - EVEN WITH NO COMMODITY PRICE APPRECIATION, EXPECT TO DELIVER "STRONGER" UPSTREAM CASH MARGINS, PRODUCTION GROWTH IN 2018.CHEVRON - TENGIZ GROWTH PROJECT IN KAZAKHSTAN IS ON TRACK TO DELIVER FIRST PRODUCTION IN 2022.CHEVRON SAYS $18 BILLION TO $20 BILLION ANNUAL INVESTMENT RANGE PROJECTED THROUGH 2020.CHEVRON - CO IS ADVANCING DEVELOPMENT OF UNCONVENTIONAL RESOURCES, PARTICULARLY IN U.S. PERMIAN BASIN.CHEVRON CORP - "AS WE GENERATE SURPLUS CASH, WE WOULD EXPECT TO BE IN A POSITION TO RESUME OUR SHARE REPURCHASE PROGRAM".  Full Article

Chevron Issues Second Climate Report For Investors
Thursday, 1 Mar 2018 07:00pm EST 

March 1 (Reuters) - Chevron Corp ::CHEVRON ISSUES SECOND CLIMATE REPORT FOR INVESTORS.CHEVRON’S REPORT EXPLAINS COMPANY’S STRATEGIC DECISION-MAKING APPROACH TO CLIMATE CHANGE RELATED RISKS.REPORT SUMMARIZES CO’S WORK TO TEST COMPETITIVENESS OF ITS CURRENT ASSETS UNDER MULTIPLE SCENARIOS.RESULTS IN CLIMATE REPORT SHOW CO’S PORTFOLIO IS RESILIENT IN WIDE VARIETY OF POSSIBLE SCENARIOS.IS MAKING ITS OPERATIONS MORE ENERGY EFFICIENT, REDUCING FLARING, MANAGING METHANE EMISSIONS AND INVESTING IN LOW-CARBON TECHNOLOGIES.RESULTS IN CLIMATE REPORT SHOW CO’S PORTFOLIO ENABLES CHEVRON TO BE FLEXIBLE IN RESPONSE TO POTENTIAL CHANGES.  Full Article

Chevron says rising oil prices squeezed Q4 refining margins by $500 mln
Friday, 2 Feb 2018 11:53am EST 

Feb 2 (Reuters) - Chevron Corp ::CHIEF EXECUTIVE MIKE WIRTH SAYS HIS TOP PRIORITY IS TO MAINTAIN AND GROW THE DIVIDEND.SAYS RISING OIL PRICES SQUEEZED Q4 REFINING MARGINS BY ABOUT $500 MILLION.SAYS TOOK $190 MILLION Q4 HIT RELATED TO REFINING, CHEMICAL PLANT DAMAGE FROM HURRICANES NATE, HARVEY.SAYS PERMIAN WAS LARGEST CONTRIBUTOR TO RESERVE GROWTH IN 2017.CEO WIRTH: 'I EXPECT US TO MAINTAIN CAPITAL AND COST DISCIPLINE'.SAYS SECOND TRAIN AT WHEATSTONE LNG SHOULD COME ONLINE Q2 2018.CHEVRON CORP <<>> SAYS PLANS TO BOOST PERMIAN RIG COUNT THIS YEAR BY 25 PERCENT TO 20 RIGS.SAYS HAS SIX PRESSURE PUMPING CREWS OPERATING IN PERMIAN.CEO WIRTH: 'I INTEND TO LEAD CHEVRON TO WIN IN ANY ENVIRONMENT'.CEO WIRTH SAYS HE'S 'PLEASED' WITH OUTLOOK FOR CASH FLOW.CEO WIRTH SAYS BELIEVES MORE GAINS IN COST CUTTING, PERFORMANCE AND SAFETY POSSIBLE FROM IMPROVING TECHNOLOGY.CEO WIRTH SAYS NOT SEEING EVIDENCE OF STRONG COST INFLATION ANYWHERE IN GLOBAL PORTFOLIO.CEO WIRTH SAYS IN PERMIAN, 2/3 OF SPENDING PROTECTED BY SERVICE CONTRACTS.CEO WIRTH SAYS AT MOST COULD SEE SINGLE DIGIT PRICE INCREASES IN PERMIAN.CEO WIRTH: 'WE ARE NOT GOING TO ALLOW COST TO GROW AT THE RATE THAT PRODUCTION IS GROWING'.  Full Article

Chevron Reports Q4 Earnings Per Share $1.64
Friday, 2 Feb 2018 08:30am EST 

Feb 2 (Reuters) - Chevron Corp ::CHEVRON REPORTS FOURTH QUARTER EARNINGS OF $3.1 BILLION, ANNUAL EARNINGS OF $9.2 BILLION.Q4 EARNINGS PER SHARE $1.64.Q4 SALES $36 BILLION VERSUS $30 BILLION.WORLDWIDE NET OIL-EQUIVALENT PRODUCTION WAS 2.74 MILLION BARRELS PER DAY IN Q4 2017, COMPARED WITH 2.67 MILLION BARRELS PER DAY FROM A YEAR AGO.INCLUDED IN QUARTER WERE NON-CASH PROVISIONAL TAX BENEFITS OF $2.02 BILLION RELATED TO U.S. TAX REFORM.U.S. UPSTREAM OPERATIONS EARNED $3.69 BILLION IN Q4 2017, COMPARED WITH EARNINGS OF $121 MILLION FROM A YEAR EARLIER.INTERNATIONAL DOWNSTREAM OPERATIONS EARNED $84 MILLION IN Q4 2017, COMPARED WITH $357 MILLION A YEAR EARLIER.U.S. NET OIL-EQUIVALENT PRODUCTION OF 671,000 BARRELS PER DAY IN Q4 2017 WAS DOWN 11,000 BARRELS PER DAY FROM A YEAR EARLIER.ALSO INCLUDED IN QUARTER WERE NON-CASH CHARGE OF $190 MILLION RELATED TO A FORMER MINING ASSET.FOREIGN CURRENCY EFFECTS DECREASED EARNINGS IN 2017 Q4 BY $96 MILLION..INTERNATIONAL REFINERY CRUDE OIL INPUT OF 761,000 BARRELS PER DAY IN Q4 2017 DECREASED 40,000 BARRELS PER DAY FROM YEAR-AGO PERIOD.CHEVRON - U.S. DOWNSTREAM OPERATIONS EARNED $1.20 BILLION IN Q4 2017 COMPARED WITH BREAKEVEN A YEAR EARLIER.APPROVED A $0.04 PER SHARE INCREASE IN QUARTERLY DIVIDEND TO $1.12 PER SHARE, PAYABLE IN MARCH 2018.CHEVRON - U.S. REFINERY CRUDE OIL INPUT IN Q4 INCREASED 16 PERCENT TO 834,000 BARRELS PER DAY.  Full Article

Bruce Niemeyer Named Chevron's Corporate Vice President Of Strategic Planning
Thursday, 1 Feb 2018 04:30pm EST 

Feb 1 (Reuters) - Chevron Corp ::BRUCE NIEMEYER NAMED CHEVRON'S CORPORATE VICE PRESIDENT OF STRATEGIC PLANNING.CHEVRON CORP - ‍NAMED BRUCE NIEMEYER CORPORATE VICE PRESIDENT OF STRATEGIC PLANNING, EFFECTIVE IMMEDIATELY​.  Full Article

Chevron Announces Increase In Quarterly Dividend
Wednesday, 31 Jan 2018 04:30pm EST 

Jan 31 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND.CHEVRON CORP - DECLARED QUARTERLY DIVIDEND OF $1.12 PER SHARE, PAYABLE MARCH 12, 2018.  Full Article

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PDVSA's exports sink in June amid seizures, shipping backlog: data

HOUSTON Venezuelan PDVSA's oil exports fell 32 percent in the first half of June compared with May, according to internal trade reports from the state-run company, as deepening output declines and seizures of some Caribbean assets disrupted crude and fuel shipments.