Chevron Corp. today reported earnings of $3.7 billion for fourth quarter 2018, compared with $3.1 billion in the fourth quarter of 2017, which included $2.02 billion in tax benefits related to U.S. tax reform. Included in the current quarter was an asset write-off totaling $270 million. Foreign currency effects increased earnings in the 2018 fourth quarter by $268 million. Full-year 2018 earnings were $14.8 billion [...]
Chevron U.S.A. Inc. , a wholly owned subsidiary of Chevron Corporation , today announced that it has signed a Share Purchase Agreement with Petrobras America Inc. to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Texas, and PRSI Trading, LLC for $350 million, excluding working capital. “This expansion of our Gulf Coast refining system enables [...]
The Board of Directors of Chevron Corp. today declared a quarterly dividend of one dollar and nineteen cents per share, payable March 11, 2019, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 15, 2019. This increase puts Chevron on track to make 2019 the 32nd consecutive year with an increase in annual dividend payout. CAUTIONARY STATEMENTS RELEVANT TO [...]
Chevron Corp. , one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, February 1, 2019 at 11:00 a.m. ET . Conference Call Information: Date: Friday, February 1, 2019 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # : 706-634-0892 / 877-604-2078 Conference ID #: 2293617 To access the live webcast, visit www.chevron.com. The meeting replay will also be available on the [...]
Chevron Corp. today named Navin Mahajan vice president and treasurer, effective February 1, 2019. The company also appointed Dale Walsh vice president of Corporate Affairs, effective March 1. Mahajan, 52, succeeds Randy Richards, who is retiring from Chevron after 40 years of distinguished service. Mahajan, who is currently vice president, Finance Downstream & Chemicals, will oversee banking, financing, cash management [...]
Chevron Corp. today announced a 2019 organic capital and exploratory spending program of $20 billion. “Our 2019 budget supports a robust portfolio of upstream and downstream investments, highlighted by our world-class Permian Basin position, additional shale and tight development in other basins and our major capital project at TCO in Kazakhstan,” said Chairman and CEO Michael K. Wirth. “Our investments [...]
Chevron Corp. announced that Debra Reed-Klages has been elected to Chevron’s board of directors. Reed-Klages’ appointment is effective immediately and, as of December 5, 2018, she will serve on the Management Compensation Committee and the Public Policy Committee. “Debbie brings a tremendous depth of business leadership to Chevron’s boardroom through her decades of experience with regulated [...]
Chevron Corp. today announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles south of New Orleans, La., in a water depth of approximately 5,200 feet . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181121005441/en/ The [...]
Chevron today announced a contribution of $1 million from the Chevron Global Community Fund to the American Red Cross in support of relief efforts for wildfires in Northern and Southern California. “As a California company, we mourn the loss of life and destruction these fires have caused,” said Chevron Chairman and CEO Michael Wirth. “Our thoughts are with all our neighbors who have been affected by the [...]
Chevron Corp. today named Steven W. Green president of Chevron North America Exploration and Production, effective March 1, 2019. Green, 61, succeeds Jeff Shellebarger, who is retiring from Chevron after 38 years of distinguished service. Green, who is currently president of Chevron Asia Pacific Exploration and Production, will oversee Chevron’s exploration and production activities throughout North America [...]
Chevron Corp. today reported earnings of $4.0 billion for third quarter 2018, compared with $2.0 billion in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930 million in the upstream segment, and a gain of $350 million on the sale of southern Africa refining, marketing and lubricant assets. Foreign currency effects [...]
The Board of Directors of Chevron Corp. today declared a quarterly dividend of one dollar and twelve cents per share, payable December 10, 2018, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 16, 2018. View source version on businesswire.com: https://www.businesswire.com/news/home/20181031005047/en/ Contact Chevron Corp. Sean Comey, +1 925-842-5509...