Chevron announced an agreement to join the Global Centre for Maritime Decarbonisation . Chevron's involvement aims to help support GCMD's efforts to develop potentially scalable lower carbon technologies - including those that enable the use of ammonia as a maritime fuel - and the commercial means to enable their adoption. The GCMD is an independent, non-profit organization, established with support from the Maritime and [...]
Chevron U.S.A. Inc., through its Chevron New Energies division, and Restore the Earth Foundation, Inc. announced agreement for a reforestation project for up to 8,800 acres of property in St. Charles Parish, Louisiana. The project will bring together Chevron and Restore the Earth Foundation to develop a nature-based solution, which is expected to remove carbon from the atmosphere and be focused on reforesting natural [...]
Today Chevron Products Company, a division of Chevron U.S.A. Inc., introduced Delo® 400 XSP SAE 15W-40 with ISOSYN® Advanced Technology™, a new full synthetic, high-performance engine oil engineered to help maximize engine protection and to minimize oil consumption, specifically formulated for heavy duty diesel engines operating on and off highway. "We've introduced Delo 400 XSP SAE 15W-40 to fill a customer need for the [...]
At its annual investor meeting today, Chevron Corp. reported on its progress to deliver higher returns and advance a lower carbon future. "Chevron's executing a straightforward strategy, grounded in capital and cost discipline," said Michael Wirth, chairman and CEO. "We're aiming to grow cash flow and return more of it to shareholders, leveraging our strengths to deliver lower carbon energy to a growing world." Higher [...]
Chevron Corp. and Renewable Energy Group, Inc. announced today a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220228005360/en/ The acquisition combines REG's growing renewable fuels production and leading [...]
Chevron U.S.A. Inc., a subsidiary of Chevron Corp. , announced it has made a new investment in Carbon Clean, a global leader in cost-effective industrial carbon capture. The size and cost of installing carbon capture technology has been a barrier to adoption. Carbon Clean's technology is designed to reduce the costs and physical footprint required for carbon capture compared with many existing approaches. Carbon Clean's [...]
Chevron U.S.A. Inc. , a subsidiary of Chevron Corp. , and Iwatani Corporation of America , a wholly owned subsidiary company of Iwatani Corporation , today announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220224005447/en/ As part of the agreement, Chevron plans to [...]
Chevron Corp. announced today a pilot project with Project Canary to independently certify operational and environmental performance in the company's North American upstream region. "Chevron is focused on delivering reliable, lower carbon energy to a growing world. We aim to achieve this through innovation, both in our application of technology, and in our approach to how we design and run our operations," said Steve [...]
Chevron U.S.A. Inc., a subsidiary of Chevron Corp. , and Bunge North America, Inc., a subsidiary of Bunge Limited , today announced the signing of definitive transaction agreements to create their previously announced joint venture. The new venture will create renewable feedstocks leveraging Bunge's expertise in oilseed processing and farmer relationships and Chevron's expertise in fuels manufacturing and marketing. The [...]
Chevron Corp. , one of the world's leading energy companies, will hold its annual investor day on Tuesday, March 1, 2022, at 10:00 a.m. ET . The meeting will include presentations and breakout sessions hosted by several members of our Executive Leadership Team including our Chairman and Chief Executive Officer, Mike Wirth, and additional members of senior management to allow you to gain further insight into our business [...]
Chevron Corp. today reported earnings of $5.1 billion for fourth quarter 2021, compared with a loss of $665 million per share - diluted) in fourth quarter 2020. Included in the current quarter were asset sale gains of $520 million, losses on the early retirement of debt of $260 million and pension settlement costs of $82 million. Foreign currency effects decreased earnings by $40 million. Adjusted earnings of $4.9 billion [...]
The Board of Directors of Chevron Corp. today declared a quarterly dividend of one dollar and forty-two cents per share, an increase of eight cents per share or approximately 6 percent. The dividend is payable March 10, 2022, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2022. This increase puts Chevron on track to make 2022 the 35th consecutive [...]
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