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a Chevron gas station in the US with the company log and signage

Chevron beats profit estimates with record production

Chevron has today beaten analyst estimates for second-quarter profit as record oil and gas production and lower capital expenditure helped the US oil producer boost earnings despite weaker crude prices.

Business • 01 Aug

Chevron wins Exxon battle over Guyana oilfield

US oil giant Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Business • 18 Jul

Oil executives are also expected to express concerns over Donald Trump's trade wars and emphasise the need for higher oil prices to help meet the US President's promise to grow domestic production

Trump to host US oil chief executives as trade wars loom

US President Donald Trump will host top oil executives at the White House today as he charts plans to boost domestic energy production in the midst of falling crude prices and looming trade wars.

Business • 19 Mar

Chevron has reported fourth-quarter earnings below Wall Street estimates today

Chevron uses term 'Gulf of America' after Trump order

US oil producer Chevron used the term "Gulf of America" instead of Gulf of Mexico in its fourth-quarter press release today, a sign of corporate America beginning to implement US President Donald Trump's order to rename the ocean basin.

Business • 31 Jan

Chevron's overall third quarter earnings fell compared to the same time last year

Chevron beats quarterly profit expectations

Chevron has today beaten Wall Street estimates for third-quarter profit, helped by higher oil and gas output, but its earnings fell from a year ago.

Business • 01 Nov 24

Oil giant Chevron has missed estimates for second-quarter profit

Chevron reports Q2 earnings miss on weak refining margins

Oil giant Chevron has today reported second-quarter earnings that missed Wall Street estimates due to industry-wide pressure from lower refining margins and natural gas prices.

Business • 02 Aug 24

Chevron is to buy smaller rival Hess in a $53-billion all-stock deal

Chevron to buy Hess for $53 billion in all-stock deal

Chevron has agreed to buy US rival Hess for $53 billion in stock in a deal that reflects top US energy companies drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.

Business • 23 Oct 23

Chevron is the second largest US oil producer

Chevron annual profit doubles to record $36.5 billion

Chevron has today posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.

Business • 27 Jan 23

Follow This has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030

Investors ramp up pressure on Big Oil firms on targets

A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments shift their focus to energy security.

Business • 19 Dec 22

Myanmar amounted to 0.6% of TotalEnergies' total oil and gas production last year

TotalEnergies and Chevron withdraw from Myanmar

Oil majors TotalEnergies and Chevron, partners in a major gas project in Myanmar, have decided to withdraw from the country, citing the worsening humanitarian situation following last year's coup.

Business • 21 Jan 22

Exxon Mobil has reported a loss of $1.1 billion in the second quarter

Exxon Mobil, Chevron report losses on weak oil prices

US oil giants Exxon Mobil and Chevron today suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.

Business • 31 Jul 20

Chevron said the deal will strengthen the US oil giant's exploration and production holdings in its home market

US oil giant Chevron to buy Anadarko for $33 billion

Chevron said today it will acquire smaller US rival Anadarko for $33 billion in a deal that strengthens the US oil giant's exploration and production holdings in its home market.

Business • 12 Apr 19

Exxon has struggled in recent quarters in its upstream division, and its results badly lagged expectations

Refining margins dent Exxon, Chevron Q1 results

Weak refining margins dinged first-quarter results for Exxon Mobil and Chevron, though Chevron's oil production gains outshone its larger rival, which has struggled to turn operations around after recent missteps.

Business • 27 Apr 18

John Stumpf's fall from grace started with a $185m regulatory settlement for Wells Fargo

Stumpf resigns from Chevron, Target boards

John Stumpf resigned from the boards of Chevron and Target a week after he quit Wells Fargo & Co as chief executive bowing to pressure over its sales tactics.

Business • 19 Oct 16

The expansion will increase production by about 260,000 barrels a day of oil-equivalent to reach about one million barrels a day

Chevron announces $36.8bn Kazakh oil expansion

US oil giant Chevron has announced a $36.8 billion expansion project in Kazakhstan, the first major investment in petroleum production to be greenlighted since the oil-price rout.

Business • 05 Jul 16

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