Chevron Corp.

Chevron Corp. (NYSE:CVX) today announced its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator. “Chevron has a proven track record for delivering superior results in complex [...]

Chevron Corp. (NYSE: CVX) today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a leading industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017. During the time of this agreement, over 75 percent of Chevron’s equity LNG from [...]

SAN RAMON, Calif., Jan. 6, 2015 (GLOBE NEWSWIRE) -- Chevron Corp. (NYSE:CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, January 30, 2015, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information: Date: Friday, January 30, 2015 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 703-639-1116 / 866-219-5256 Conference ID #: 1648885 To access [...]

Chevron Corp. (NYSE:CVX) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. The Anchor well was drilled by Pacific Drilling's Pacific Santa Ana drillship (Photo courtesy of Pacific Drilling). “The Anchor discovery, along with the previously announced Guadalupe discovery...

Chevron Corp. (NYSE: CVX) announced that Alexander B. Cummings Jr. has been elected to Chevron’s board of directors, and he will serve on the company’s Audit Committee. John Watson, chairman of the board and chief executive officer of Chevron said, “Mr. Cummings is a proven business leader who brings international experience and a global outlook. We look forward to welcoming him to the board.” Cummings, 58, is [...]

LONDON, December 9, 2014 /PRNewswire/ -- A small Houston-based oil and gas exploration company is planning to drill a well on acreage potentially holding 266 million barrels of oil in an underexplored region in Utah. Virtus Oil & Gas (OTCQB: VOIL) is poised to hit it big with its Parowan Project-a 55,477-acre parcel in the heart of Utah's oil-laden Overthrust region. If successful, their 12,000-foot deep test well, which [...]

Chevron Corp. (NYSE: CVX) announced that crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater U.S. Gulf of Mexico. Jack/St. Malo is a key part of Chevron’s strong queue of upstream projects and was delivered on time and on budget. The Jack/St Malo semi-submersible floating production unit is the largest of its kind in the Gulf of Mexico and has a p...

Chevron Corp. (NYSE:CVX) announced today that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1,310 m) of water in the Mississippi Canyon area. The discovery well was drilled in 2003, and project construction began in October [...]

SUGAR LAND, TX--(Marketwired - Nov 3, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Exxon Mobil Corp. (NYSE:XOM) (Irving, Texas) expects capital and exploration expenditures for next year to total about $37 billion, down from the 2013 high of $42.5 billion, an executive said during the company's third-quarter earnings conference call. Better returns for downstream and chemical operations helped [...]

Chevron Corp. (NYSE:CVX) today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter. Foreign currency effects increased earnings in the 2014 quarter by $366 million, compared with a decrease of $276 million a year earlier. Sales and other operating revenues in third quarter 2014 were $52 billion, compared to [...]