Operator · Argentina : Vaca Muerta, Canada Oil Sands & Duvernay Shale
Chevron Corp
80 articles mentioning Chevron Corp · Page 3 of 4
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
Chevron Details First Quarter 2020 Results
Chevron Corp. reported its Q1 2020 results. The company reported earnings of $3.6 billion ($1.93 per share - diluted) for first quarter 2020, compared with earnings of $2.6 billion ($1.39 per share - diluted) in the...
Trump to Meet with Top Oil Execs Regarding Possible Aid
President Trump has set a meeting with top oil and gas executives to discuss potential assistance in the wake of the sharp oil price plunge, according to a report by the Wall Street Journal. The meeting...
Chevron Cuts Capex 20%; Makes Permian Revisions, Suspends Repurchases
Chevron provided an update to its 2020 development and capex program. Reduces 2020 capital spending plan by $4 billion, or 20% Permian production guidance reduced by 20% to 125 Mboe/d Suspends share repurchases The reduction in...
Chevron Preps for Layoffs as it Moves to Unload Appalachian Biz
Chevron Corp. is getting ready to cut jobs in its Appalachian sector, according to multiple reports. The company will be eliminating ~320 total jobs as it moves to sell off its business in the region. According...
Chevron's Output Flat YOY Despite 36% Permian Jump; US Upstream Sees $7.5B Loss
Chevron Corp. reported a loss of $6.6 billion for Q4 2019, compared with earnings of $3.7 billion in Q4 2018. U.S. upstream recorded a loss of $7.5 billion in Q4 2019, compared with earnings of $964...
Watch CNBC’s Interview with Chevron CEO Michael Wirth
Chevron Pulls Workers as Tensions Between US, Iran Rise
Oil prices spiked to their highest levels since April 2019 on Friday due to reports of escalating tension between the US and Iran. Brent prices neared $70/barrel, topping out at ~$68.70. Likewise, WTI prices ralled to...
Chevron Eyes $10.5B Impairment Charge as it Mulls Fate of Gassier Assets
Chevron Corp. annouced its 2020 capital budget and it plans on spending $20 billion in 2020. Click here for more details about the budget. Company Expecting $10B+ Impairment Charge However, what caught our attention is the...
Permian Operator Ups 2020 Capex to $4 Billion; 14 Rigs
Chevron Corp. announced that it plans to spend $4 billion in the Permian in 2020. That is a +11% increase vs 2019, where the company is set to spent $3.6 billion. Here is a quick look...
Chevron Details Q3 2019 Results
Chevron Corp. reported earnings of $2.6 billion ($1.36 per share - diluted) for third quarter 2019, compared with $4.0 billion ($2.11 per share - diluted) in the third quarter 2018. Included in the current quarter was...
Hess Strikes Oil at Esox-1 Exploration Well in the GOM
Hess Corp. announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled in 4,609 feet (1,405 meters) of water and encountered...
Chevron to Amp Up Output at GOM St. Malo Field; 175 MMBOE
Chevron Corp. announced the sanction of a waterflood project in the St. Malo field. The waterflood project is Chevron’s first in the deepwater Wilcox trend and is expected to contribute an estimated ultimate recovery of more...
Chevron Touts 56% Jump in Permian Production YOY; One Million BOEPD by 2023
In its Q2 2019 report, Chevron detailed its latest activity in the Permian. Similar to ExxonMobil, Chevron is looking to ramp up its Permian productivity in the next 4-5 years. Permian Output Jumps +56% YOY; Eyes...
Chevron Names New Corporate VP / Comptroller
Chevron has named David Inchausti as corporate vice president and comptroller effective June 16, 2019. Inchausti succeeds Jeanette Ourada, who has elected to leave the company. In his new role, Inchausti will lead Chevron’s accounting, financial...
Oxy Outmaneuvers Competition in Battle for Anadarko as Chevron Walks Away
Chevron announced that it will not make a counterproposal to Anadarko Petroleum's superior deal with Occidental Petroleum and will allow the four-day match period to expire. Accordingly, Chevron anticipates that Anadarko will terminate their pending $33B...
Anadarko Bites on "Superior" Oxy Offer; Chevron Must Up Ante to Salvage Deal
Anadarko Petroleum's board has unanimously determined that the revised acquisition proposal it received from Occidental Petroleum constitutes a "Superior Proposal" (as defined in Anadarko's previously announced merger agreement with Chevron). As a result, Anadarko intends to...
Oxy Sweetens Merger Offer for Anadarko; Over 23% Premium to Chevron Offer
Occidental Petroleum has sent a revised offer to Anadarko Petroleum, upping the ante in its quest to woo Anadarko from its pending merger with Chevron. Oxy's latest offer proposes that Oxy acquire Anadarko for $76.00 per...
Equinor Reports GOM Discovery at Shell-Operated Blacktip Prospect
Equinor has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. The Blacktip exploration well has encountered more than 400 feet (122 metres) net oil pay with good reservoir and...
Reports: Oxy Bid More than Chevron for Anadarko
Chevron Corp. and Anadarko Petroleum's unexpected $33B merger deal surprised the industry when it was announced on April 12, 2019. In the time since the announcement, a report by CNBC has surfaced that Occidental Petroleum was...