CVX - Dividend announcements

Reported earnings of $2.2 billion; adjusted earnings of $2.8 billion Returned $6.0 billion cash to shareholders; 16th consecutive quarter over $5 billion Worldwide and U.S. production increased by 15 and 24 percent, respectively Chevron Corporation (NYSE:CVX) reported earnings of $2.2 billion ($1.11 per share - diluted) for first quarter 2026, compared with $3.5 billion ($2.00 per share - diluted) in first quarter 2025. Included in the quarter was a net loss of $360 million related to a legal reserve. Foreign currency effects decreased earnings by $223 million. Adjusted earnings of $2.8 billion ($1.41 per share - diluted) in first quarter 2026 compared to adjusted earnings of $3.8

Expects adjusted free cash flow annual growth greater than 10% at $70 Brent Reduces capex guidance range to $18 to $21 billion per year Forecasts earnings per share annual growth greater than 10% at $70 Brent At its investor day, Chevron Corporation (NYSE:CVX) outlined its five-year plan to 2030 and how it intends to deliver sustained cash flow growth, further strengthen its portfolio, advance power solutions for AI data centers, and grow shareholder distributions. "We believe Chevron is uniquely positioned to grow earnings and free cash flow into the next decade," said Mike Wirth, Chevron's chairman and CEO. "Never in my career have I seen a higher confidence outlook, further i

Reported earnings of $3.5 billion; adjusted earnings of $3.6 billion Record production of 4.1 million BOE per day; 21 percent higher than last year Cash flow from operations of $9.4 billion; adjusted free cash flow of $7.0 billion Chevron Corporation (NYSE:CVX) reported earnings of $3.5 billion ($1.82 per share - diluted) for third quarter 2025, compared with $4.5 billion ($2.48 per share - diluted) in third quarter 2024. Included in the quarter was a net loss of $235 million due to severance and other transaction costs related to the acquisition of Hess Corporation (Hess), partly offset by the fair value measurement of Hess shares. Foreign currency effects increased earnings by $

Reported earnings of $3.5 billion; adjusted earnings of $3.8 billion Returned $6.9 billion cash to shareholders; acquired $2.2 billion of Hess shares Started production from Ballymore field in the Gulf of America in April Chevron Corporation (NYSE:CVX) reported earnings of $3.5 billion ($2.00 per share - diluted) for first quarter 2025, compared with $5.5 billion ($2.97 per share - diluted) in first quarter 2024. Included in the quarter was a net loss of $175 million related to legal reserves and a tax charge due to changes in the energy profits levy in the United Kingdom that were partially offset by the fair value measurement of Hess Corporation shares. Foreign currency effects dec

Reported earnings of $3.2 billion; adjusted earnings of $3.6 billion Returned record $27 billion cash to shareholders in 2024 Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels Delivered key project start-ups and milestones in the U.S. and Kazakhstan Announced a 5 percent increase in quarterly dividend to $1.71 per share Chevron Corporation (NYSE:CVX) reported earnings of $3.2 billion ($1.84 per share - diluted) for fourth quarter 2024, compared with $2.3 billion ($1.22 per share - diluted) in fourth quarter 2023. Included in the quarter were severance charges of $715 million and impairment charges of $400 million. Foreign currency effects incr

Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion Returned record $7.7 billion cash to shareholders Started up key U.S. Gulf of Mexico projects Optimizing portfolio with announced $6.5 billion sale of Canadian assets Chevron Corporation (NYSE:CVX) reported earnings of $4.5 billion ($2.48 per share - diluted) for third quarter 2024, compared with $6.5 billion ($3.48 per share - diluted) in third quarter 2023. Foreign currency effects decreased earnings by $44 million. Adjusted earnings of $4.5 billion ($2.51 per share - diluted) in third quarter 2024 compared to adjusted earnings of $5.7 billion ($3.05 per share - diluted) in third quarter 2023. See Attach

Reported earnings of $4.4 billion; adjusted earnings of $4.7 billion Record Permian production; worldwide production 11 percent higher than last year Returned $6 billion cash to shareholders; more than $50 billion over last two years Chevron Corporation (NYSE:CVX) reported earnings of $4.4 billion ($2.43 per share - diluted) for second quarter 2024, compared with $6.0 billion ($3.20 per share - diluted) in second quarter 2023. Foreign currency effects decreased earnings by $243 million. Adjusted earnings of $4.7 billion ($2.55 per share - diluted) in second quarter 2024 compared to adjusted earnings of $5.8 billion ($3.08 per share - diluted) in second quarter 2023. See Attachment

Chevron Corporation (NYSE:CVX) today provided an overview of the company's business performance and plans at its 2024 Annual Meeting of Stockholders. "Chevron continues to deliver strong operational performance, maintain cost and capital discipline and consistently return cash to shareholders," said Michael Wirth, Chevron's chairman and CEO. "We've strengthened our portfolio to grow both traditional and new energy supplies by advancing major capital projects and completing strategic acquisitions." Chevron delivered the highest production in company history with annual production of 3.1 million barrels of oil-equivalent per day in 2023, underscoring the company's track record of strong l

Reported earnings of $5.5 billion; adjusted earnings of $5.4 billion Worldwide production 12 percent higher than a year ago Returned $6 billion cash to shareholders; eighth straight quarter over $5 billion Achieved key project milestones in Kazakhstan, East Mediterranean and U.S. Chevron Corporation (NYSE:CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share - diluted) in first quarter 2023. Foreign currency effects increased earnings by $85 million. Adjusted earnings of $5.4 billion ($2.93 per share - diluted) in first quarter 2024 compared to adjusted earnings of $6.7 billion ($3.55 per share - d

Chevron Corporation (NYSE:CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024. Upstream spending in 2024 is expected to be about $14 billion. Of this planned expenditure, two-thirds is allocated to the United States, including approximately $6.5 billion to develop Chevron's U.S. shale and tight portfolio, of which around $5 billion is planned for Permian Basin development. About 25 percent of U.S. upstream capex is planned for projects in the Gulf of Mexico, including the Anchor project, which is expected to achie

Hydrogen distribution and fueling business OneH2 has closed its latest funding round with investments led by Chevron U.S.A. Inc. and current investors Trafigura and The Papé Group. Terms of the transactions were not disclosed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906444441/en/ Funds from the round will be used to help accelerate the development and deployment of mid-scale hydrogen generators and fuel distribution solutions, which will enable OneH2 and its channel partners provide lower carbon solutions to its customers. "We welcome Chevron's investment and eagerly anticipate collaborating with one of the world's l

Chevron Corporation ("Chevron") (NYSE:CVX) and Chevron U.S.A. Inc., a subsidiary of Chevron ("CUSA"), today announced that, as of 5:00 p.m. New York City time, on August 18, 2023 (the "Early Participation Date"), the requisite consents for adopting certain proposed amendments to the indenture (the "PDC Indenture") governing the 5.750% Senior Notes due 2026 (the "Old Notes") issued by PDC Energy, Inc. ("PDC Energy") have not been received in connection with its previously announced (i) offer to exchange any and all validly tendered (and not validly withdrawn) Old Notes for 5.750% Senior Notes due 2026 to be issued by CUSA and fully and unconditionally guaranteed by Chevron and cash, and (ii)

For 5.750% Senior Notes due 2026 to be Issued by Chevron U.S.A. Inc. and Guaranteed by Chevron Corporation Chevron Corporation ("Chevron") (NYSE:CVX) and Chevron U.S.A. Inc., a subsidiary of Chevron ("CUSA"), today announced the early participation date and the consent revocation deadline have been extended to 5:00 p.m., New York City time, on August 18, 2023 (the "New Early Participation Date" and the "New Consent Revocation Deadline," respectively) and the expiration date has been extended to one minute after 11:59 p.m., New York City time on September 1, 2023 (the "New Expiration Date"), with respect to their previously announced (i) offer to exchange (the "exchange offer") any and all

Chevron Corporation, through its Chevron Australia New Energies Pty Ltd and Chevron Australia Pty Ltd subsidiaries, today announced investments in two lower carbon projects in Western Australia (WA). In its first nature-based carbon offsets project in Australia, Chevron will provide funding to the WA-based Carbon Sync, which is leading a soil carbon sequestration pilot project involving up to 80,000 hectares of WA's cropping and grazing region. Chevron has also joined a multi-year research project with Deakin University's Blue Carbon Lab to explore potential CO2 sequestration opportunities in WA's coastal wetlands. Chevron New Energies Vice President of Offsets and Emerging Barbara Ha

Cummins Inc. (NYSE:CMI) and Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. The announcement expands the two companies' previous strategic collaboration on hydrogen and renewable natural gas and is expected to encompass other liquid renewable fuels, such as renewable gasoline blends, biodiesel and renewable diesel. This collaboration is intended to encourage commercial and industrial adoption in North America. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2023081017

For 5.750% Senior Notes due 2026 to be Issued by Chevron U.S.A. Inc. and Guaranteed by Chevron Corporation Chevron Corporation ("Chevron") (NYSE:CVX) and Chevron U.S.A. Inc. ("CUSA") today announced the commencement of an offer to exchange (the "exchange offer") any and all validly tendered (and not validly withdrawn) and accepted 5.750% Senior Notes due 2026 (the "Old Notes") issued by PDC Energy, Inc. ("PDC Energy") for 5.750% Senior Notes due 2026 to be issued by CUSA and fully and unconditionally guaranteed by Chevron (the "CUSA Notes") and cash, and the related solicitation of consents (the "consent solicitation") to certain proposed amendments to the indenture pursuant to which the

Reported earnings of $6.0 billion; adjusted earnings of $5.8 billion Record Permian Basin production, 11 percent higher than the year-ago period Record shareholder distributions of $7.2 billion PDC Energy, Inc. acquisition expected to close in August 2023 Chevron Corporation (NYSE:CVX) reported earnings of $6.0 billion ($3.20 per share - diluted) for second quarter 2023, compared with $11.6 billion ($5.95 per share - diluted) in second quarter 2022. Included in the current quarter was a one-time tax benefit of $225 million related to impairments that were recognized in prior periods. Foreign currency effects increased earnings by $10 million. Adjusted earnings of $5.8 billion (

Reported earnings of $6.0 billion; adjusted earnings of $5.8 billion Record Permian Basin production, 11 percent higher than the year-ago period Record shareholder distributions of $7.2 billion PDC Energy, Inc. acquisition expected to close in August 2023 Chevron Corporation (NYSE:CVX) today provided second quarter 2023 performance highlights. Performance Summary           YTD   Unit 2Q 2023 1Q 2023 2Q 2022 2Q 2023 2Q 2022 Total Earnings / (Loss) $ MM $ 6,010   $ 6,574   $ 11,622   $ 12,584  

Announces CFO transition effective March 1, 2024 Waives mandatory retirement age for CEO Mike Wirth Chevron Corporation (NYSE:CVX) today announced several senior leadership changes as well as a waiver of the mandatory retirement age for the chairman and chief executive officer, Mike Wirth. Pierre Breber, vice president and chief financial officer, will retire from Chevron in 2024 after 35 years of distinguished service to the company. Eimear Bonner, currently vice president and chief technology officer and president of the Chevron Technical Center, will succeed Breber as chief financial officer, effective March 1, 2024. "Pierre is a world class finance executive and has been an o

Bunge (NYSE:BG) and Chevron's Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE:CVX), acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source in Bunge and Chevron's global supply chains and will help both companies meet the growing demand for lower carbon renewable feedstocks. Terms of transaction were not disclosed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230705839152/en/ "Across our business, our decision-making process includes a focus on carbon. Investing in this new oilseed crop is another step towards

Chevron New Energies Japan GK (Chevron New Energies Japan), a subsidiary of Chevron U.S.A. Inc., and Mitsui Oil Exploration Co., Ltd (MOECO) today announced execution of definitive agreements to proceed with the pilot testing of advanced geothermal technology. Pursuant to these agreements, Chevron and MOECO will conduct pilot tests of a developing novel geothermal technology, specifically advanced closed loop (ACL) technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230621701615/en/ In September 2022, Chevron New Energies International Pte, Ltd. signed a joint collaboration agreement (JCA) with MOECO to further explore th

SAN FRANCISCO and SAN RAMON, Calif., May 31, 2023 /PRNewswire/ -- Brightmark RNG Holdings LLC is positioned to expand renewable natural gas (RNG) production with five new anaerobic digestion dairy farm projects in western Michigan, designed to convert animal waste to renewable fuels. Brightmark RNG Holdings LLC is a joint venture between Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC. The Chevron-Brightmark renewable natural gas joint venture operates a nationwide system of RNG joint venture

Researched by Industrial Info Resources-- Analysis from management consulting company Bain & Company (Boston, Massachusetts) finds executives at major energy firms believe they're making progress on the path to net-zero, though revenue streams from that industry segment are a concern. "We intend to leverage our capital discipline, advantaged assets and financial strength to deliver lower carbon energy to our customers and superior cash distributions to our shareholders," Chevron Corporation ((CVX) (San Ramon, California) Chief Executive Officer Mike Wirth said in the company's first-quarter presentation. Intentions are noble, though reality is another matter. Various pathways to a net-z

Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash flow of $4.2 billion Shareholder distributions of $6.6 billion, up 65 percent from first quarter 2022 Chevron Corporation (NYSE:CVX) today reported earnings of $6.6 billion ($3.46 per share - diluted) for first quarter 2023, compared with $6.3 billion ($3.22 per share - diluted) in first quarter 2022. Included in the current quarter was a $130 million tax charge related to changes in the energy profits levy in the United Kingdom. Foreign currency effects decreased earnings by $40 million. Adjusted earnings of $6.7 billion ($3.55 per share - diluted) in first qu

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), kicked off a road trip today across the U.S. Gulf Coast to showcase an innovative new gasoline blend with more than 50 percent renewable content. People from Chevron and Toyota will be driving Toyota's Tundra, RAV4 and Camry on this road trip with the objective of demonstrating the fuel, which is more than 40 percent less carbon intensive than traditional gasoline on a lifecycle basis. The road trip will run from Mississippi through Louisiana before concluding in Texas. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels like biofuels and renewable gasoli

Chevron Corporation (NYSE:CVX), through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis Group, through its Energy Transition division, Green Ships, announced a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next generation vessel requirements and a preliminary system to transport ammonia between the U.S. Gulf Coast and Europe. Future opportunities will focus on additional global markets. Ammonia is a carrier of hydrogen and is believed to have potential to lower th

Chevron New Energies (Chevron), a division of Chevron U.S.A. Inc., and JERA Co., Inc. (JERA) have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This MOU has the potential to expand the significant liquid natural gas (LNG) relationship that Chevron and JERA have today, and further demonstrates the commitment and dedication both companies have to advancing lower carbon solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230307006048/en/Chris Powers, Vice President of Carbon Capture Utilizatio

Bayou Bend CCS LLC ("Bayou Bend"), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide ("CO2") storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas. The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230306005314/en/(Graphic: Business Wire) Combined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project now e

HOUSTON, March 6, 2023 /PRNewswire/ -- Bayou Bend CCS LLC ("Bayou Bend"), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide ("CO2") storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas. The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States. Combined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project

Raises share buyback guidance to $10 to $20 billion per year Expects free cash flow annual growth greater than 10% at $60 Brent Updates progress toward targets for lower carbon intensity and new energies growth At its annual investor meeting today, Chevron Corporation (NYSE:CVX) reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world. "Chevron intends to be a leader in both traditional and new energy businesses," said Mike Wirth, chairman and CEO. "We're growing energy supply, lowering carbon intensity, and returning more cash to shareholders." Last month, Chevron increased its dividend per share by 6%, and its Board authorized a n

Chevron Corporation (NYSE:CVX), through its subsidiary Chevron Shipping Company LLC, announced entrance into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly owned subsidiary of Sembcorp Marine Ltd. (Sembcorp Marine), intending to reduce the carbon intensity of their LNG fleet operations. Under the agreement, with Sembcorp Marine's support, Chevron will install new technologies aboard Chevron vessels to support their energy transition goals. The changes are also in alignment with decarbonization targets set by the International Maritime Organization (IMO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202302

Fourth quarter earnings of $6.4 billion; adjusted earnings of $7.9 billion Return on capital employed of 20.3 percent in 2022 Record annual cash flow from operations of $49.6 billion and free cash flow of $37.6 billion in 2022 Record annual U.S. oil and gas production Chevron Corporation (NYSE:CVX) today reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with $5.1 billion ($2.63 per share - diluted) in fourth quarter 2021. Included in the current quarter were $1.1 billion of international upstream write-off and impairment charges, and pension settlement costs of $17 million. Foreign currency effects decreased earnings by $405 million. Ad

The Board of Directors of Chevron Corporation (NYSE:CVX) today declared a quarterly dividend of one dollar and fifty-one cents ($1.51) per share, an increase of nine cents ($0.09) per share or approximately 6 percent. The dividend is payable March 10, 2023, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2023. This increase puts Chevron on track to make 2023 the 36th consecutive year with an increase in annual dividend payout per share. The Board also authorized the repurchase of the company's shares of common stock in an aggregate amount of $75 billion. The $75 billion authorization takes effect on April 1, 2023, and

Hydrogen to be produced from green waste and food waste with non-combustion reforming processRichmond, Calif., production facility to serve local hydrogen transportation fuel market, replacing conventional fuelsCommercial operations targeted for Q1 2024PINEDALE, Wyo. and HOUSTON, Jan. 9, 2023 /PRNewswire/ -- Raven SR Inc. (Raven SR), a renewable fuels company, Chevron New Energies, a division of Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), and Hyzon Motors Inc. (NASDAQ:HYZN) today announced they are collaborating to commercialize operations of a green waste-to-hydrogen production facility in Richmond intended to supply hydrogen fuel to transportation markets in Northe

Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante's Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svante's carbon capture technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221215005868/en/ "We are advancing a full value chain carbon capture, utilization, and storage (CCUS) business and believe Svante is poised to be a leader in enabling carbon capture solutions," said Chris Powers, vice president of CCUS with CNE. "Innovation is key to enabling these types of breakthrough technologies

Chevron Corporation (NYSE:CVX), through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop geothermal projects in the United States. The two companies will collaborate on driving geothermal opportunities – including identifying the best prospects for development, operations and progressing the next generation of geothermal technologies from pilot to commercial scale. Through this agreement, Chevron and Baseload Capital will work together to create awareness around geothermal energy which will be a critical supply option for renewable energy. Geothermal energy provides baseload, reliable power – and will be a critical element in developing the

Organic capex of $14 billion; affiliate capex of $3 billion Includes $2 billion of lower carbon capex Chevron Corporation today announced 2023 organic capital expenditure budgets of $14 billion for consolidated subsidiaries (capex) and $3 billion for equity affiliates (affiliate capex), which total near the high end of the company's guidance range. The company's 2023 capex budget is up more than 25% from 2022 expected spend, excluding acquisitions. Affiliate capex in 2023 is down modestly from 2022 expected spend. These budgets support Chevron's objective to safely deliver higher returns and lower carbon and include approximately $2 billion in lower carbon capex, more than double the

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), announced today it signed a definitive agreement to acquire full ownership of Beyond6, LLC (B6) and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron's current B6 co-owners, a subsidiary of Mercuria Energy Trading (Mercuria) and B6 CEO Andrew West. Chevron is complementing the strength of its traditional products business with new offerings that help customers support a lower carbon future, and renewable natural gas is an essential part of its portfolio of solutions. Through collaborations with Brightmark LLC and California Bioenergy LLC, Chevron is developing projects across th

Pertamina Power Indonesia (Pertamina NRE), Keppel Infrastructure, through Keppel New Energy Pte. Ltd., and Chevron Corporation (NYSE:CVX), through Chevron New Energies International Pte. Ltd. (Chevron New Energies), have signed a Joint Study Agreement (JSA) to explore the development of selected green hydrogen and green ammonia projects using renewable energy located primarily in Sumatera, Indonesia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110006221/en/From Left: Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst; CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd.

Chevron Corporation (NYSE:CVX), through its Chevron New Energies International Pte. Ltd. (Chevron) subsidiary, and Mitsui O.S.K. Lines, Ltd. (MOL) today announced the signing of a Joint Study Agreement (JSA) on the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221109006052/en/Chevron and MOL have signed a Joint Study Agreement to explore the feasibility of transporting liquified carbon dioxide from Singapore to permanent storage locations offshore Australia. At the signing ceremony in Singapore were Mr. Ch

Chevron Corporation (NYSE:CVX), through its Chevron New Energies business, and JERA are collaborating on multiple lower carbon opportunities – including production; carbon capture, utilization, and storage; and new technology commercialization – focused on the U.S. and Asia Pacific region. The companies have signed a Joint Study Agreement to explore the potential co-development of lower carbon fuel in Australia and will conduct a feasibility study expected to be completed in 2023. Lower carbon fuel supplies to be produced in the region would seek to leverage Chevron's LNG and CCS knowledge and experience. As part of their focus across the hydrogen value chain – including production, expor

Reported earnings of $11.2 billion; adjusted earnings of $10.8 billion Cash flow from operations of $15.3 billion; free cash flow of $12.3 billion Shareholder distributions of $6.5 billion Chevron Corporation (NYSE:CVX) today reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19 per share - diluted) in third quarter 2021. Included in the current quarter were pension settlement costs of $177 million. Foreign currency effects increased earnings by $624 million. Adjusted earnings of $10.8 billion ($5.56 per share - diluted) in third quarter 2022 compares to adjusted earnings of $5.7 billion ($2.96 per share - diluted) in

The Board of Directors of Chevron Corporation (NYSE:CVX) today declared a quarterly dividend of one dollar and forty-two cents ($1.42) per share, payable December 12, 2022, to all holders of common stock as shown on the transfer records of the Corporation at the close of business November 18, 2022. Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on

Company's methane intensity has reduced more than 50% since 2016 Chevron Corporation (NYSE:CVX) today published a methane report that builds on Chevron's ongoing efforts to promote transparency on climate-related matters. This report details information on Chevron's approach to detecting, measuring and reducing methane intensity. Since 2016, Chevron has reduced the company's methane intensity by 50 percent. Chevron's U.S. upstream methane intensity is 85 percent lower than the U.S. upstream production sector average as of 2020. "Our strategy is clear – leverage our strengths to safely deliver lower carbon energy to a growing world. Effective methane management is important for lower carbo

Air Liquide (PARIS:AL), Chevron Corporation (NYSE:CVX), LyondellBasell (NYSE:LYB), and Uniper SE (FWB: UN01) have announced their intent to collaborate on a joint study that will evaluate and potentially advance the development of a hydrogen and ammonia production facility along the U.S. Gulf Coast. The facility could support industrial decarbonization and mobility applications in the region and expand clean ammonia exports, helping to increase the supply of lower carbon power internationally. The potential project to be studied is intended to cover the end-to-end energy value chain, utilizing each participant's technical expertise in production, operational experience, storage, distributi

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), and California Bioenergy LLC (CalBio) announced a joint investment in their second holding company to produce and market dairy biomethane as a renewable natural gas (RNG) transportation fuel in California. At signing, the holding company, CalBioGas Hilmar LLC, secured initial funding from Chevron to build infrastructure for dairy biomethane projects in California's Merced County. Manure storage on dairy farms results in the release of methane, a highly potent greenhouse gas. CalBio brings technology and operational experience to help dairy farmers build digesters and methane capture projects to convert this methane to a b

Chevron Corporation (NYSE:CVX) today announced that its subsidiary, Chevron U.S.A. Inc. (Singapore Branch) (Chevron), has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo. Greenhouse gas emissions for the cargo, from the Gorgon Project off the northwest coast of Western Australia, will be fully offset via the retirement of high-quality nature-based and energy efficiency offsets in Cambodia, Indonesia and Nepal. "Chevron's first full lifecycle emissions offset cargo advances our net zero ambitions and represents a significant milestone in Chevron's relationship with CPC Corporation, Taiwan," said John Kuehn, President of Chevron Supply and Trading, a d

Agreement could help unlock Japan's significant geothermal potential Chevron New Energies International Pte, Ltd. (Chevron), and Mitsui Oil Exploration Co., Ltd (MOECO) today announced the signing of a Joint Collaboration Agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. Building on Chevron and MOECO's long-standing relationship, the new collaboration will study geothermal resource potential across Japan and will evaluate the effectiveness of Advanced Closed Loop (ACL) technology for a future joint pilot project in Japan. Both companies may also assess potential collaboration for advanced geothermal technology opportunities usi

Air Liquide, Chevron, Keppel Infrastructure, and PetroChina1 announced they have signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore. The consortium intends to research, test, and develop technological, logistical, and operational solutions for CCUS in Singapore. In doing so, the consortium will look to provide industry-wide CCUS integrated infrastructure, primarily to support the energy and chemicals sector, by capturing and aggregating carbon dioxide (CO2) from large industrial emitters at a centralized coll

Chevron Corporation (NYSE:CVX), through its affiliate Chevron Australia Pty Ltd, is part of three joint ventures that have been granted an interest in three greenhouse gas assessment permits offshore Australia. The blocks, including two in the Carnarvon Basin off the north-western coast of Western Australia and one in the Bonaparte Basin offshore Northern Territory, total more than 31,500 km2 or nearly 7.8 million acres – an area larger than Belgium. "Chevron has a unique set of capabilities and relationships to support the further deployment of carbon capture and storage in Australia," said Mark Hatfield, managing director of Chevron's Australia Business Unit. "We look forward to working

Brightmark, Chevron achieve first delivery of renewable natural gas produced at the Athena Project, part of their previously announced partnership to own project companies across the U.S. to produce and market RNG Brightmark RNG Holdings LLC – a joint venture partnership between Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), and Brightmark Fund Holdings LLC, a subsidiary of Brightmark LLC, the global waste solutions provider – delivered first gas at its Athena Project in Minnehaha County, South Dakota. The project is comprised of three farms located in Minnehaha County: Boadwine Farms, Pioneer Dairy, and Mooody Dairy. The project is part of the previously announced pa

Reported earnings of $11.6 billion; adjusted earnings of $11.4 billion Cash flow from operations of $13.8 billion; free cash flow of $10.6 billion Completed acquisition of Renewable Energy Group, Inc. Chevron Corporation (NYSE:CVX) today reported earnings of $11.6 billion ($5.95 per share - diluted) for second quarter 2022, compared with $3.1 billion ($1.60 per share - diluted) in second quarter 2021. Included in the current quarter were charges associated with an early contract termination of $600 million, pension settlement costs of $11 million, and a gain on asset sales of $200 million. Foreign currency effects increased earnings by $668 million. Adjusted earnings of $11.4 billion

The Board of Directors of Chevron Corporation (NYSE:CVX) declared a quarterly dividend of one dollar and forty-two cents ($1.42) per share, payable September 12, 2022, to all holders of common stock as shown on the transfer records of the Corporation at the close of business August 19, 2022. Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on loweri

Independent environmental assessment in Permian and DJ basins positions Chevron in Responsibly Sourced Natural Gas (RSG) market Chevron Corporation (NYSE:CVX) announced that the company's participating North American upstream assets earned Project Canary's highest ratings on operational and environmental performance. Project Canary's independent analysis was conducted on Chevron assets in Texas and Colorado by the Denver-based climate tech and environmental assessment company. As a result of the certification process, 82 wells achieved "Platinum" status and 3 wells received "Gold" status, Project Canary's highest ratings and confirmation of Chevron's industry-leading practices, including

Cheniere Energy, Inc. ("Cheniere" or the "Company") (NYSE:LNG) announced today that two of its subsidiaries, Sabine Pass Liquefaction, LLC ("SPL") and Cheniere Marketing, LLC ("Cheniere Marketing"), have each entered into long-term liquefied natural gas ("LNG") sale and purchase agreements (each, an "SPA") with Chevron U.S.A. Inc. ("Chevron"), a wholly-owned subsidiary of Chevron Corporation (NYSE:CVX). At plateau, Chevron will purchase a combined 2.0 million tonnes per annum ("mtpa") of LNG from Cheniere subsidiaries, subject to certain conditions described below. Under the first SPA, Chevron has agreed to purchase approximately 1.0 mtpa of LNG from SPL on a free-on-board ("FOB") basis. D

Chevron Corporation (NYSE:CVX) today completed its previously announced acquisition of Renewable Energy Group, Inc. (NASDAQ:REGI) (REG) following approval by REG stockholders. "We have brought together companies with complementary capabilities, assets, and customer relationships to make Chevron one of the leading renewable fuels companies in the United States," said Mark Nelson, executive vice president of Downstream & Chemicals for Chevron. "Chevron now offers our customers an expanded suite of cost-effective, lower carbon solutions that utilize today's fleets and infrastructure." Further, Cynthia "CJ" Warner, formerly president and CEO of REG, has been appointed to Chevron's Board of Di

Walmart to demonstrate 15-liter natural gas engine developed by Cummins Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:CVX), today announced definitive agreements to supply fuel linked to renewable natural gas for a Walmart Inc. (NYSE:WMT) demonstration of Cummins Inc.'s (NYSE:CMI) new 15-liter natural gas engine for heavy-duty trucks. As part of the agreements, Walmart will provide heavy-duty trucks for Cummins to integrate with the new 15-liter natural gas engine, the X15N™, which runs on compressed natural gas (CNG). After taking delivery, Walmart will field-test the finished trucks at its distribution center in Fontana, California, with Chevron supplying the trucks wit

Chevron Corporation (NYSE:CVX), through its subsidiary Chevron Munaigas Inc. (Chevron), and JSC NC "KazMunayGas" (KMG) have announced a memorandum of understanding (MoU) to explore potential lower carbon business opportunities in Kazakhstan. Chevron and KMG plan to evaluate the potential for lower carbon projects in areas such as carbon capture, utilization, and storage (CCUS); hydrogen; energy efficiency and methane management; and carbon financial disclosure methodology. The MoU was signed by Derek Magness, managing director for Chevron's Eurasian Business Unit, and Magzum Mirzagaliyev, chairman of the Management Board of KMG, in Nur-Sultan on the eve of the 34th Plenary session of the

Chevron Corporation (NYSE:CVX) today announced a simplified organizational structure and senior leadership changes intended to strengthen execution and pace to deliver on the company's objectives of higher returns and lower carbon. Effective October 1, 2022, the company will consolidate its Upstream, Midstream and Downstream business segments under a new executive vice president, Oil, Products & Gas, who will oversee the full value chain. As part of this change, the company is consolidating into two Upstream regions – Americas Exploration & Production and International Exploration & Production. The company is also organizing its Strategy & Sustainability, Corporate Affairs and Business De

Chevron Corporation (NYSE:CVX) today provided an overview of the company's business plans and operations at its annual stockholders meeting. "We are focused on delivering higher returns, lower carbon and superior shareholder value," said Michael Wirth, Chevron's chairman and CEO. "Our strategy is clear: leverage our strengths to deliver lower carbon intensity energy to a growing world. Our capabilities, assets, and customers are distinct advantages. We're building on these strengths as we aim to lead in lower carbon intensity oil, products, and natural gas, and to advance new products and solutions that reduce the carbon emissions of major industries." In the past year, Chevron completed