Chevron Corp. reported earnings of $6.5 billion for third quarter 2023, compared with $11.2 billion in third quarter 2022. Included in the current quarter were a one-time tax benefit of $560 million in Nigeria and pension settlement costs of $40 million. Foreign currency effects increased earnings by $285 million. Adjusted earnings of $5.7 billion in third quarter 2023 compared to adjusted earnings of $10.8 billion in [...]
Chevron Corp. announced today that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron's closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including [...]
Chevron Corp. , one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, October 27, 2023, at 11:00 a.m. ET . Conference Call Information: Date: Friday, October 27, 2023 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # : 888-240-9352 Conference ID #: 9665445 Speakers: Mike Wirth - Chairman of the Board and Chief Executive Officer Pierre Breber - Vice President and Chief [...]
Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC and thus a majority interest in ACES Delta, LLC , which is a joint venture between Mitsubishi Power Americas, Inc. and Magnum Development. ACES Delta is developing the Advanced Clean Energy Storage project in Delta, Utah. The Advanced Clean Energy Storage [...]
Hydrogen distribution and fueling business OneH2 has closed its latest funding round with investments led by Chevron U.S.A. Inc. and current investors Trafigura and The Papé Group. Terms of the transactions were not disclosed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906444441/en/ Funds from the round will be used to help accelerate the development and [...]
Boys & Girls Clubs of America and Chevron U.S.A. Inc., a subsidiary of Chevron Corp. today announced a new national partnership that promotes life and workforce readiness for kids and teenagers in the U.S. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230830528619/en/ Since 1990, Chevron has worked with local Boys & Girls Clubs across the nation to provide key [...]
Larson Family Farm's Okeechobee Site Marks the First Renewable Natural Gas Project in Florida for the Venture Brightmark RNG Holdings LLC, a joint venture partnership between Chevron U.S.A. Inc., a subsidiary of Chevron Corp. , and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC, announces the delivery of the first renewable natural gas from its Larson Project in Okeechobee County, Florida. The Larson Project [...]
Chevron Corp. and Chevron U.S.A. Inc., a subsidiary of Chevron , today announced that, as of 5:00 p.m. New York City time, on August 18, 2023 , the requisite consents for adopting certain proposed amendments to the indenture governing the 5.750% Senior Notes due 2026 issued by PDC Energy Inc. have not been received in connection with its previously announced offer to exchange any and all validly tendered Old Notes for [...]
Nigel Hearne, Executive Vice President, Oil, Products & Gas, of Chevron Corp. , will take part in the Barclays CEO Energy-Power Conference on Wednesday, September 6, 2023, at 8:35 AM ET, discussing corporate strategy and the company's primary objective of delivering higher returns, lower carbon and superior shareholder value in any business environment. Please visit www.chevron.com/investors to view a live webcast of the [...]
Chevron Corp. and Chevron U.S.A. Inc., a subsidiary of Chevron , today announced the early participation date and the consent revocation deadline have been extended to 5:00 p.m., New York City time, on August 18, 2023 and the expiration date has been extended to one minute after 11:59 p.m., New York City time on September 1, 2023 , with respect to their previously announced offer to exchange any and all validly tendered [...]
Chevron Corp., through its Chevron Australia New Energies Pty Ltd and Chevron Australia Pty Ltd subsidiaries, today announced investments in two lower carbon projects in Western Australia . In its first nature-based carbon offsets project in Australia, Chevron will provide funding to the WA-based Carbon Sync, which is leading a soil carbon sequestration pilot project involving up to 80,000 hectares of WA's cropping and [...]
Cummins Inc. and Chevron U.S.A. Inc., a subsidiary of Chevron Corp. , announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. The announcement expands the two companies' previous strategic collaboration on hydrogen and renewable natural gas and is expected to encompass other liquid renewable fuels, such as renewable gasoline blends [...]
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