Chevron Corp. by its subsidiary Chevron Business Development EMEA Ltd., has entered Libya after it was designated as a winning bidder in the 2025 Libyan Bid Round. This follows the signing of a Memorandum of Understanding with the country's National Oil Corporation . Chevron was designated as the winning bidder for Contract Area 106 located in the Sirte Basin on February 11, 2026 in Libya's 2025 Bidding Round. On January [...]
Chevron Corp. today announced several senior leadership changes. Frank Mount, President, Corporate Business Development, will retire from Chevron in November 2026 after 33 years of service. Mount has led the company's global business development activities since 2023. "Throughout his career, Frank has contributed significantly to the success of Chevron," said Chevron Chairman and CEO Mike Wirth. "I'm grateful for his [...]
Chevron Corporation reported earnings of $2.8 billion for fourth quarter 2025, compared with $3.2 billion in fourth quarter 2024. Included in the quarter was a net loss of $128 million due to pension settlement costs. Foreign currency effects decreased earnings by $130 million. Adjusted earnings of $3.0 billion in fourth quarter 2025 compared to adjusted earnings of $3.6 billion in fourth quarter 2024. See Attachment 4 [...]
Chevron Corp. today announced Thomas W. Horton has joined the company's Board of Directors as an Independent Director and has been appointed to the Board Audit Committee. Horton, 64, is a partner at Global Infrastructure Partners, a global infrastructure-investment firm, and was a senior advisor at private-equity investor Warburg Pincus. Horton previously held senior roles as chairman of American Airlines Group, Inc., and [...]
Chevron Corp. by its subsidiary, Chevron Mediterranean Limited , and the working interest owners of the Leviathan natural gas reservoir have reached a Final Investment Decision to expand the production capacity of the strategic Leviathan production platform located offshore Israel. "Chevron is a leading energy player in the Eastern Mediterranean where we are focused on natural gas production and exports. Our operations [...]
Chevron Corp. , one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, January 30, 2026 at 11:00 a.m. ET . Conference Call Information: Date: Friday, January 30, 2026 Time: 11:00 a.m. ET / 10:00 a.m. CT Dial-in # : 800-918-2066 Conference ID #: 1407833 Speakers: Mike Wirth - Chairman of the Board & Chief Executive Officer Eimear Bonner - Chief Financial Officer Jake [...]
Chevron Corp. today announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure is expected to be $1.3 to $1.7 billion for 2026. "Our 2026 capital program focuses on the highest-return opportunities while maintaining discipline and improving efficiency, enabling us to grow [...]
At its investor day, Chevron Corp. outlined its five-year plan to 2030 and how it intends to deliver sustained cash flow growth, further strengthen its portfolio, advance power solutions for AI data centers, and grow shareholder distributions. "We believe Chevron is uniquely positioned to grow earnings and free cash flow into the next decade," said Mike Wirth, Chevron's chairman and CEO. "Never in my career have I seen a [...]
Chevron Corp. announced today the appointment of Amit R. Ghai as Controller of Chevron, effective March 1, 2026. Ghai will succeed Alana K. Knowles, in anticipation of her expected retirement from Chevron in April 2026, after 38 years of service. Ghai will lead Chevron's accounting policy, corporate and external financial reporting, internal controls, global business services and digital finance teams. He will report to [...]
Chevron Corporation reported earnings of $3.5 billion for third quarter 2025, compared with $4.5 billion in third quarter 2024. Included in the quarter was a net loss of $235 million due to severance and other transaction costs related to the acquisition of Hess Corporation , partly offset by the fair value measurement of Hess shares. Foreign currency effects increased earnings by $147 million. Adjusted earnings of $3.6 [...]
Chevron Corp.1 today announced Kevin McLachlan will become Vice President of Exploration, effective November 1. McLachlan will oversee the company's worldwide exploration program. McLachlan will be based in Houston and succeed Liz Schwarze, who is retiring in February after 36 years of service to the company. "Kevin will be an important addition to the Exploration organization," said Clay Neff, president of Chevron [...]
Chevron Corp. , one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, October 31, 2025, at 11:00 a.m. ET . Conference Call Information: Date: Friday, October 31, 2025 Time: 11:00 a.m. ET / 10:00 a.m. CT Dial-in # : 888-256-9157 Conference ID #: 5158291 Speakers: Mike Wirth - Chairman of the Board & Chief Executive Officer Eimear Bonner - Vice President & Chief Financial [...]