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Chevron

Chevron
EnergyNews

Chevron considers extending current CEO’s retirement age

February 14, 2023 Mariel Alumit

Michael Wirth, Chairman and CEO Chevron Corp., speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 1, 2022. REUTERS/Brendan McDermid Feb 13 […]

League
Big Oil Companies

Fantasy League Matchmaking Between Oil Majors and Transition Upstarts

February 12, 2023 Mariel Alumit

​LITTLETON, Colo., Feb 9 (Reuters) – This weekend’s Super Bowl is the annual showpiece for American football’s top professional teams, and marks the end of the fantasy league season where amateur fans select their own […]

Big Oil Companies

ESG Investing Failure and Major Setback: Exxon Retreats From Major Climate Effort to Make Biofuels From Algae –

February 11, 2023 Mariel Alumit

​After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution.  Exxon has slashed its support for Viridos Inc., […]

Big Oil Companies

Oil majors hit record profits, green investments tell a different story

February 7, 2023 Mariel Alumit

Some of the world’s largest oil and gas companies have declared the highest-ever profits since people started using petroleum, rewarding shareholders with higher dividends and share buybacks while spending relatively little of it on renewable […]

Big Oil Companies

Oil Execs send biden the message to “Pound Sand” as Stock Buybacks Race to Record $132 Billion Start as Companies Snub All Warnings

February 5, 2023 Mariel Alumit

ENB Pub Note: This follows on the heels of BP announcing they are reducing investments in non-profitable renewable projects and billions of dollars of losses in a couple of wind companies. “Renewable is not sustainable […]

ExxonMobil
Big Oil Companies

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

January 30, 2023 Mariel Alumit

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]

Big Oil Companies

White House Kicks Around Big Oil Stock Buybacks Again as Chevron Profits Double – Windfal Profits Taxes Will Cost Consumers

January 29, 2023 Mariel Alumit

WASHINGTON, Jan 27 (Reuters) – The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of boosting supply, after Chevron Corp (CVX.N) said […]

Big Oil Companies

Chevron Falls After Posting Disappointing Quarterly Result

January 29, 2023 Mariel Alumit

Chevron Corp. posted disappointing fourth-quarter results, just days after surprising investors with a mammoth $75 billion share-buyback program, as the oil giat disclosed a surprise jump in corporate costs.Profit excluding one-time items was $4.09 a […]

Chevron
Big Oil Companies

Chevron Reports Record Profits, $75 Billion Buyback; White House Fumes

January 27, 2023 Mariel Alumit

Chevron (CVX) posted mixed fourth-quarter results early Friday, missing on earnings views while topping revenue estimates. The energy giant reported record profits and cash flow for 2022, on top of its earlier announcement launching a massive […]

Chevron
EnergyNews

Chevron sets $75 billion share buyback program, raises dividend

January 26, 2023 Mariel Alumit

The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. REUTERS/Marco Bello Jan 25 (Reuters) – Chevron Corp (CVX.N) on Wednesday said it would triple its share buyback program to $75 […]

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