Chevron Corp.

Chevron Corp. (NYSE:CVX) confirmed today that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream, effective June 16. “George’s business acumen and deep operational knowledge of our industry have helped create enormous value for Chevron and our shareholders over many years,†said John Watson, chairman and CEO. “I am confident our track record of success in the upstream will continue under Jay’s leadership, as his broad base of exp... [...]

Chevron Corp. (NYSE:CVX) today announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares in Caltex Australia Limited (CAL) at a share price of AUD$35.00. Chevron will receive the cash proceeds upon settlement on April 2, and reflect the gain in second quarter 2015 results. Chevron is one of the world's leading integrated energy companies, with subsidiaries [...]

Chevron Corp.’s (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Australia Limited (CAL). It is expected that these shares will be sold to a broad range of Australian and global equity market institutional investors. "This transaction reflects Chevron's commitment to regularly [...]

Chevron Corp. (NYSE: CVX) executives, at the company’s annual security analyst meeting in New York, expressed confidence in the long-term energy business and highlighted its growth outlook through 2017. At the same time, company executives outlined near-term actions to address the recent decline in commodity prices. “The fundamentals of the oil and gas business remain attractive for our company and investors, as our [...]

Chevron Corp. (NYSE: CVX) has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador. Chevron brought claims against DeLeon in Gibraltar, where DeLeon maintains a residence, for his role in funding and advancing the fraudulent lawsuit. In the settlement, DeLeon has resolved those claims by withdrawing financial support from the Ecuador litigation [...]

SAN RAMON, Calif., Feb. 12, 2015 (GLOBE NEWSWIRE) -- Chevron Corp. (NYSE:CVX), one of the world's leading energy companies, will hold its security analyst meeting on Tuesday, March 10, 2015 in New York City from 10:00 a.m. to 12:00 p.m. ET (7:00 a.m. – 9:00 a.m. PT). To access the live webcast, visit http://investor.chevron.com. The webcast archive will also be available on the company website under the [...]

Chevron Corp. (NYSE:CVX) today announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 percent non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy. The transaction is subject to the approval of Mauritania’s government. Blocks C8, C12 and C13 cover a contiguous area of approximately 6.6 million gross acres in [...]

Chevron Corp. (NYSE:CVX) today named Jeanette L. Ourada as corporate vice president and comptroller effective April 1. Ourada succeeds Matthew J. Foehr, who will retire from the company March 31 after 33 years of outstanding service. In her new role Ourada will lead corporatewide accounting, financial reporting and analysis, and internal controls. Additionally she will oversee Finance Shared Services, the organization [...]

Chevron Corp. (NYSE:CVX) today announced a $35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. The 2015 budget is 13% lower than total investments for 2014. “We continue to execute against a consistent set of business strategies which are focused on creating long-term value [...]

Chevron Corp. (NYSE:CVX) today reported earnings of $3.5 billion ($1.85 per share – diluted) for fourth quarter 2014, compared with $4.9 billion ($2.57 per share – diluted) in the 2013 fourth quarter. Foreign currency effects increased earnings in the 2014 quarter by $432 million, compared with an increase of $202 million a year earlier. Full-year 2014 earnings were $19.2 billion ($10.14 per share – diluted) compared [...]