Chevron

ExxonMobil, Chevron clock best month since 2022 as crude surges

The robust moves come alongside an upswing in oil prices and a broader rally

Chevron’s shipments are all bound for US refiners, including Valero Energy and Phillips 66.

Chevron amasses largest fleet in almost a year to ship Venezuelan oil

The US has also enlisted traders Trafigura Group and Vitol Group to help sell as much as 50 million barrels of oil

The sale is part of Chevron's plans to divest refining and storage assets in Asia, as it restructures globally to streamline operations and reduce costs.

Chevron plans to finalise Singapore oil assets sale in Q1: sources

It is also looking to include retail stations in Cambodia and Malaysia in the deal

Chevron will likely boost production from its existing assets rather than commit large amounts of new capital to the country, according to the note.

Chevron could see US$700 million-a-year boost from Venezuelan oil

The country is an attractive long-term opportunity for Big Oil

US oil executives are expected to press President Trump on providing strong legal and financial guarantees before they agree to commit capital to Venezuela, FT said.

US oil companies say they need guarantees to invest in Venezuela: FT

US OIL companies want “serious guarantees” from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financia...

Chevron is the only US oil major operating in Venezuela, which it does under an authorisation from the US government that exempts it from sanctions on the country.

Chevron in talks with US government for expanded Venezuela license: sources

Washington also wants other US companies to be involved in oil exports from the country

Chevron is the only Western firm allowed to produce and export crude oil in Venezuela amid American sanctions.

Chevron lines up 11 ships as Venezuela’s dark fleet vanishes

Tankers of the shadow fleet typically turn off or spoof their transponders to disguise their location

The company expects strong cash generation to continue, even with lower oil prices, because of increased capital efficiency and growth in high-margin assets.

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