Chevron

Chevron tops Q3 earnings estimates with record production after Hess deal

Adjusted earnings for the three-month period ended Sep 30 were US$3.6 billion or US$1.85 per share

(From left) Michiel Hovers of BHP, Dr Arvind Bodhankar of Arcelor Mittal Nippon Steel India, Alice Flesher of Chevron, Kim Yong-hee of Hyundai Steel, Prabodha Archarya of JSW Steel, Ken Yasuhara of Mitsui & Co and Jan Kwak of Hatch at the MOU signing on Aug 7.

Steel giants look into carbon capture hubs across Asia

Pre-feasibility study, to conclude by end-2026, marks rare cross-industry collaboration

A senior US State Department official said in a statement they could not speak about any specific licenses to PDVSA’s partners, but added the United States would not allow President Nicolas Maduro’s government to profit from the sale of oil.

US prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say

[HOUSTON] The United States is preparing to grant new authorisations to key partners of Venezuela’s state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned ...

The reductions will take effect on Sep 26, according to the notice.

Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals

[BENGALURU] Chevron cut 575 positions in the Houston area after it completed its US$55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday (Jul 23).

The potential sales come as Chevron restructures globally to streamline operations and reduce costs, a process that could see it lay off up to 20% of its workforce by the end of next year.

Chevron seeks buyers for 50% stake in Singapore refinery: sources

 The US oil major is also gauging interest to sell other Asia assets

Chevron announced plans to slash the global workforce in February in order to cut costs and simplify the business.

Chevron to cut 200 jobs in Texas

[HOUSTON] Chevron will lay off 200 employees in Texas, according to figures from the Texas Workforce Commission.

Chevron exited Indonesia in 2023 when it divested its stakes in Indonesia Deepwater Development (IDD) after a change in the facility’s design stalled development.

Chevron seeks big oil and gas blocks in Indonesia

Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas

The purchases “reflect Chevron’s continuing confidence in the consummation of the pending acquisition of Hess”, the company says.

Chevron buys US$2.3 billion Hess stake on merger confidence

[HOUSTON] Chevron bought nearly 5 per cent of Hess in an unusual move designed to show confidence that it will win the arbitration battle with ExxonMobil that has delayed its planned takeover of Hess ...

Chevron’s data centres are not expected to be connected to the grid and would be primarily powered by natural gas.

Chevron advances plans to develop US data centres with power generation

Energy use for US data centres, which are essentially giant server warehouses, is expected to triple in the next three years as the race to expand artificial intelligence intensifies

Tax and royalty payments resulting from Chevron‘s license have provided a steady source of revenue to President Nicolas Maduro’s administration since early 2023, a source familiar with Venezuela’s oil industry said.

Trump axes Chevron‘s Venezuela oil license, citing lack of electoral reforms

US PRESIDENT Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro ...