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Chevron
Big Oil Companies

Chevron Reports Fourth Quarter 2023 Results

February 4, 2024 Stu Turley

Reported earnings of $2.3 billion; adjusted earnings of $6.5 billion Record $26.3 billion cash returned to shareholders in 2023 Record annual worldwide and U.S. production Announced an 8 percent increase in quarterly dividend to $1.63/share […]

Chevron
Big Oil Companies

Chevron Beats U.S. Permian Production Estimates, Signals Upside

February 3, 2024 Stu Turley

HOUSTON, Feb 2 (Reuters) – After a year marked by oil and gas production setbacks, Chevron Corp  on Friday delivered a better-than-expected 10.7% annual gain from the Permian Basin, its top shale-producing region. The company delivered […]

Big Oil Companies

Chevron to take up to $4 billion in charges in Q4

January 3, 2024 Mariel Alumit

Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had […]

Big Oil Companies

Daily Energy Standup Episode #266 – Weekly Recap: Unpacking EPA Regulations, COP28 Hypocrisy, and Texas Commissioner’s Stand Against Onerous Rules

December 9, 2023 Andy Del Prado

Daily Standup Weekly Top Stories EPA’s Final Rule for Oil and Natural Gas Operations Will Sharply Reduce Methane and Other Harmful Pollution. December 2, 2023 Stu Turley ENB Pub Note: We will review these regulations and […]

ExxonMobil
Big Oil Companies

ExxonMobil, Chevron set sights on more oil & gas along with low-carbon and new energies

December 7, 2023 Mariel Alumit

Two U.S. energy giants, ExxonMobil and Chevron, have disclosed their capital investment expectations, encompassing oil and gas plays, which go shoulder to shoulder with emission-reduction solutions, as these oil majors are no strangers to the […]

Chevron
Crude Oil News

Chevron Plans to Spend $14 Billion on Oil and Natural Gas Production in 2024

December 7, 2023 Mariel Alumit

Chevron will allocate $14 billion for upstream investments in 2024, the company said in a budget update that saw the total capex planned for 2024 at between $18.5 billion and $19.5 billion. That would be an 11% […]

Big Oil Companies

Daily Energy Standup Episode #263 – Opt-Outs, Copper Surges, EV Challenges, and Global Transition Struggles

December 5, 2023 Andy Del Prado

Daily Standup Top Stories Chevron, Exxon opt out of funding COP28 methane-reduction fund December 4, 2023 Mariel Alumit (Bloomberg) — Six major oil companies each contributed tens of millions of dollars to a grant fund meant […]

Chevron
Big Oil Companies

Chevron, Exxon opt out of funding COP28 methane-reduction fund

December 4, 2023 Mariel Alumit

(Bloomberg) — Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp. and Exxon Mobil […]

Gorgon LNG
Big Oil Companies

Chevron says third Gorgon LNG train returns to full production

November 22, 2023 Mariel Alumit

The third liquefaction train at Chevron’s giant Gorgon LNG plant in Western Australia has returned to full production, Chevron told LNG Prime on Wednesday. A Chevron spokesperson said that Gorgon Train 3 had returned to […]

Chevron
Crude Oil News

Chevron expands Venezuela oil swap deal as sanctions ease

November 18, 2023 Mariel Alumit

Oil Price Following the U.S. sanctions relief on Venezuela’s oil industry, supermajor Chevron has started to supply Venezuelan state oil firm PDVSA with fuels in an expansion of an oil swap deal, Reuters reports, citing sources […]

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