Today the United States Court of Appeals for the Second Circuit unanimously ruled that the City of New York's climate change lawsuit against Chevron and a group of other energy producers is without merit and must be dismissed. The court upheld the federal district court's decision that the City's claims are barred, holding that municipalities cannot "utilize state tort law to hold multinational oil companies liable for [...]
At its annual investor meeting today, Chevron Corp. announced plans to increase return on capital employed and lower carbon intensity to enable superior distributions to shareholders. "Chevron's message to investors is summarized in four words - higher returns, lower carbon," said Michael Wirth, Chevron's chairman and CEO. "We're building on our track record of capital and cost discipline to deliver higher returns. And [...]
Chevron Corp. and Noble Midstream Partners, LP announced today that they have entered into a definitive agreement for Chevron to acquire all of the publicly held common units representing the limited partner interests in Noble Midstream, not already owned by Chevron and its affiliates , in an all-stock transaction whereby each outstanding unitholder of Noble Midstream would receive 0.1393 of a share of common stock of [...]
The United States Court of Appeals for the Second Circuit today affirmed multiple findings of civil contempt against disbarred attorney Steven Donziger, effectively bringing to a close his campaign to profit from the fraudulent Ecuadorian judgment he procured in violation of the Racketeer Influenced and Corrupt Organizations Act. As the Second Circuit today observed, it has been finally adjudicated that Donziger [...]
Chevron Corp. today announced an investment in Baseload Capital AB, a Sweden-based private investment company focused on development and operation of low-temperature geothermal and heat power assets. Heat power is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat. This investment round includes existing Baseload Capital investors Breakthrough Energy Ventures and [...]
Chevron Technology Ventures, LLC today announced the launch of its $300 million Future Energy Fund II focused on technologies that have the potential to enable affordable, reliable, and ever-cleaner energy for all. With the first Future Energy Fund launched in 2018, CTV invested in more than 10 companies with more than 150 other investors to support innovations in carbon capture, emerging mobility and energy storage [...]
Chevron Corp. announced today that it has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP , to acquire all of the publicly held common units representing limited partner interests in NBLX not already owned by Chevron and its affiliates . Chevron is proposing to acquire the Common Units through a merger transaction in exchange for [...]
The Board of Directors of Chevron Corp. declared a quarterly dividend of one dollar and twenty-nine cents per share, payable March 10, 2021 to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 17, 2021. View source version on businesswire.com: https://www.businesswire.com/news/home/20210127005897/en/ Contact Sean Comey -- +1 925-842-5509...
Chevron Corp. today announced a Series C investment in San Jose-based Blue Planet Systems Corporation , a startup that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations. Chevron Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports Chevron’s focus on a diverse portfolio of lower-carbon [...]
Chevron Corp. , one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, January 29, 2021 at 11:00 a.m. ET . Conference Call Information: Date: Friday, January 29, 2021 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # : 856-344-9210 / 888-609-5666 Conference ID #: 8052538 Speakers: Mike Wirth – Chairman of the Board and Chief Executive Officer Pierre Breber – Vice President and [...]
Chevron Corp. and Chevron U.S.A. Inc. today announced that, as of 5:00 p.m., New York City time, on December 16, 2020 , the aggregate principal amount of the ten series of notes described in the table below issued by Noble Energy Inc. had been validly tendered and not validly withdrawn in connection with Chevron’s and CUSA’s previously announced offers to exchange all validly tendered and accepted Old Notes of each such [...]
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