Chevron Corp.

Chevron Corp. today announced a Series A investment in Zap Energy Inc., a Seattle-based start-up company developing a next-generation modular nuclear reactor with an innovative approach to advancing cost-effective, flexible, and commercially scalable fusion. Chevron Technology Ventures’ investment in fusion is an opportunity to enhance the company’s focus on a diverse portfolio of low-carbon energy resources with the [...]

Chevron Corp. today announced a contribution of $1 million to the Lebanese Red Cross, in support of relief efforts under way to help those impacted by the devastating explosions that struck the Port of Beirut last week. "We offer our heartfelt condolences to Lebanon and deepest sympathy to people who have lost loved ones,” said Chevron Executive Vice President Joe Geagea. "This donation is intended to support the work of [...]

Chevron Corp. today reported a loss of $8.3 billion per share - diluted) for second quarter 2020, compared with earnings of $4.3 billion in second quarter 2019. Included in the current quarter were impairments and other net charges of $1.8 billion primarily associated with downward revisions to the company's commodity price outlook, severance accruals of $780 million, and a gain of $310 million on the sale of Azerbaijan [...]

Argentina’s highest court unanimously rejected the plaintiffs’ final bid to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corp.. This is the latest in a string of legal victories in Chevron’s global defense against the Ecuadorian judgment—found by U.S. courts to be the product of fraud, bribery, and corruption, and held unenforceable as a matter of international law by an international arbitral [...]

The Board of Directors of Chevron Corp. declared a quarterly dividend of one dollar and twenty-nine cents per share, payable September 10, 2020, to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2020. View source version on businesswire.com: https://www.businesswire.com/news/home/20200729005860/en/ Contact Sean Comey -- +1 925-842-5509...

Chevron Corp. announced today that it has entered into a definitive agreement with Noble Energy Inc. to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The total [...]

Chevron Corp. , one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, July 31, 2020 at 11:00 a.m. ET . Conference Call Information: Date: Friday, July 31, 2020 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # : 929-477-0449 / 800-378-6902 Conference ID #: 6520561 Speakers: Jay Johnson – Executive Vice President, Upstream Pierre Breber – Vice President and Chief Financial [...]

Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corp., today announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy Holdings Pty Ltd for the amount of AU$425 million. The acquisition adds a network of more than 360 company-owned and retailer-owned service stations, a commercial and industrial fuels business, owned or [...]

Chevron Corp. today provided an overview of the company’s work to respond to the COVID-19 pandemic at its 2020 annual meeting of stockholders. This year’s meeting was virtual in place of an in-person event due to safety concerns related to the pandemic. “Our thoughts are with those affected by COVID-19 and the healthcare workers on the front lines battling to contain the outbreak,” said Michael Wirth, Chevron’s chairman [...]

Chevron Corp. today reported earnings of $3.6 billion for first quarter 2020, compared with earnings of $2.6 billion in the first quarter 2019. Included in the current quarter was a gain of $240 million associated with the sale of upstream assets in the Philippines and favorable tax items totaling $440 million attributable to international upstream. Foreign currency effects increased earnings in the first quarter 2020 by [...]