Chevron Corp. (NYSE: CVX) today reported earnings of $2.7 billion ($1.41 per share – diluted) for first quarter 2017, compared with a loss of $725 million ($0.39 per share – diluted) in the 2016 first quarter. Included in the quarter was a gain of approximately $600 million from the sale of an upstream asset. Foreign currency effects decreased earnings in first quarter 2017 by $241 million, compared with a [...]
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 June 12, 2017, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 19, 2017. View source version on businesswire.com: http://www.businesswire.com/news/home/20170426006194/en/ Contact Chevron Corp. Melissa Ritchie, +1 [...]
Chevron Corp. (NYSE: CVX) announced that its wholly-owned subsidiary, Chevron Global Ventures, Ltd., has entered into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh to Himalaya Energy Co. Ltd. Chevron Bangladesh operates Block 12 (Bibiyana Field) and Blocks 13 and 14 (Jalalabad and Moulavi Bazar fields). Closing of the transaction is subject to the satisfaction of certain [...]
San Ramon, CA, April 06, 2017 (GLOBE NEWSWIRE) -- Chevron Corp. (NYSE: CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, April 28, 2017, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information: Date: Friday, April 28, 2017 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 706-634-0892 / 877-604-2078 Conference ID #: 3156871 To access the live [...]
Chevron Corp. (NYSE:CVX) announced that its wholly-owned subsidiaries have completed the sale of Chevron’s geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash proceeds upon settlement on March 31, and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron’s geothermal business in the Philippines is expected later in 2017. [...]
Chevron Corp. (NYSE:CVX) announced today that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. “This milestone supports our priority of completing major projects and improving free cash flow,” said Jay Johnson, executive vice president, Upstream, Chevron Corp.. “The Mafumeira Sul [...]
Chevron Corp. (NYSE:CVX) hosted its annual security analyst meeting in New York where executives highlighted the company’s growing free cash flow from its advantaged portfolio. “We intend to be cash balanced in 2017, and to grow free cash flow in the years thereafter,” said John Watson, Chevron’s chairman and chief executive officer. “We're finishing projects under construction, which adds [...]
San Ramon, CA, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Chevron Corp. (NYSE: CVX), one of the world's leading energy companies, will hold its security analyst meeting on Tuesday, March 7, 2017 in New York City from 8:30 a.m. to 10:00 a.m. ET (5:30 a.m. - 7:00 a.m. PT). To access the live webcast, visit http://www.chevron.com/investors. The webcast archive will also be available on the company website under the "Investors [...]
Chevron Corp. (NYSE:CVX) today reported earnings of $415 million ($0.22 per share – diluted) for fourth quarter 2016, compared with a loss of $588 million ($0.31 per share – diluted) in the 2015 fourth quarter. Foreign currency effects increased earnings in the 2016 quarter by $26 million, compared with an increase of $46 million a year earlier. Full-year 2016 results were a loss of $497 million ($0.27 per [...]
Chevron Corp. (NYSE:CVX) said today that Michael K. Wirth, executive vice president of Midstream and Development, has been named vice chairman, effective February 1, 2017. “As a senior officer of Chevron, Mike has made significant contributions to the company’s success,” said John S. Watson, Chevron’s chairman and chief executive officer. “Mike’s experience, proven leadership and record [...]
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 March 10, 2017, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2017. View source version on businesswire.com: http://www.businesswire.com/news/home/20170125006031/en/ Contact Chevron Corp. Melissa [...]
A Canadian court has ruled that the fraudulent Ecuadorian judgment against Chevron Corp. cannot be enforced against Chevron Canada Limited, an indirect subsidiary. The court found that Chevron Canada Limited is a separate entity from Chevron Corp., not a party to the Ecuadorian lawsuit and not a debtor to the judgment. In its decision, the court stated, “Chevron [Corporation] and Chevron Canada are separate legal entities with [...]
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