Chevron Corp.

Chevron Corp. today announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John Watson. “We’re fully funding [...]

Chevron Corp. today announced a $1 million donation to the Oakland-based BASIC Fund to aid scholarships for the children of San Francisco Bay Area low-income families. The contribution is in honor of Chevron Chairman and CEO John Watson who is retiring February 1 after 37 years of service with the company. The BASIC Fund is a 501 organization whose mission is to broaden the educational opportunities for inner-city [...]

Brazil’s Superior Court of Justice unanimously rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corp. on Wednesday, November 29, citing a lack of jurisdiction. The fraudulent judgment has now been rejected in Argentina, Brazil and the United States. “Courts around the world continue to reject attempts to profit from this fraudulent judgment,” said R. Hewitt Pate [...]

An Argentine court has dismissed an attempt to enforce a fraudulent $9.5 billion Ecuadorian judgment against Chevron Corp. in the country. In a 22-page decision, the National Civil Court No. 61 in Buenos Aires found the plaintiffs failed to prove that the case had any connection to Argentina that would justify recognition of the 2011 Ecuadorian judgment by the country’s courts. The court found that [...]

Chevron Corp. (NYSE: CVX) today announced a seven-year partnership with Microsoft Corp. establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies including analytics and the Internet of Things (IoT) to drive performance and improve efficiencies. “We embrace every opportunity that streamlines our workflows, gives us insights into more efficient [...]

Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo® brand of technologically advanced engine oils, lubricants and coolants, selected Corey Verstraeten of Southwest High School FFA in San Antonio, TX for its 2017 Delo Tractor Restoration Competition Grand Champion, during the 23rd year of the annual competition. The event brought the nation’s top high school tractor restoration project [...]

Chevron Corp. (NYSE: CVX) today reported earnings of $2.0 billion ($1.03 per share – diluted) for third quarter 2017, compared with $1.3 billion ($0.68 per share – diluted) in the third quarter of 2016. Included in the quarter was a gain on an asset sale of $675 million and an asset write-off of $220 million. Foreign currency effects decreased earnings in the 2017 third quarter by $112 million, compared with [...]

Chevron Corp. (NYSE: CVX) announced that John B. Frank has been elected to Chevron’s board of directors. Frank’s appointment is effective November 2, 2017, and he will serve on the company’s Audit Committee. “John Frank brings more than 30 years of legal and finance experience to the company,” said John Watson, Chevron’s chairman of the board and chief executive officer. “His [...]

The Board of Directors of Chevron Corp. (NYSE: CVX) today declared a quarterly dividend of one dollar and eight cents ($1.08) per share, payable December 11, 2017, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 17, 2017. View source version on businesswire.com: http://www.businesswire.com/news/home/20171025005166/en/ Contact Chevron Corp. Melissa [...]

Chevron today announced a contribution of $500,000 from the Chevron Global Community Fund to the American Red Cross in support of immediate relief efforts for the wildfires in Northern and Southern California. “We are deeply saddened by the loss of life and the devastation caused by the wildfires in our home state,” said Mike Wirth, vice chairman of Chevron. “Our thoughts are with all those affected by [...]