Chevron Profit Nearly Quadruples As Oil Prices Surge

The second-largest U.S. oil producer on Friday posted adjusted earnings of $6.5 billion, or $3.36 per share, 8 cents above Wall Street's mean estimate of $3.27, according to Refinitiv. Chevron earned $1.7 billion, or 90 cents per share, in the same quarter last year

Chevron Vows To Slow Carbon Emissions, Raise Oil Output With Modest Spending

A forecast of $25 billion in free cash flow through 2025 after dividends and project outlays is "underwhelming," said Biraj Borkhataria, an analyst with RBC Capital Markets.

Exxon, Chevron CEOs Discussed Merger In Early 2020

Exxon and Chevron's shares nosedived last year after a Saudi-Russian price war and fallout from the novel coronavirus outbreak caused the value of oil to crater.

Chevron launched: A great place to be stranded

Chevron launched: A great place to be stranded

Chevron To Lay Off About 25% Of Noble Energy Employees After Merger

Chevron's 10%-15% cuts would imply a reduction of between 4,500 and 6,750 jobs, while job cuts at Noble will reduce the total workforce by roughly another 570 positions.

Chevron Bets On Middle East Gas Riches And Reconciliation

The plan is anchored by Wirth's $11.8 billion purchase this month of U.S.-based Noble Energy, which holds a stake of about 40% in the aptly-named Leviathan gas field in the Mediterranean Sea, off the coast of Israel.

Chevron Workers Face Demands To Reapply For Jobs Under Global Restructuring

Chevron recently expanded its 45,000-person workforce by acquiring smaller oil and gas producer Noble Energy, which has about 2,200 workers.

Noble Energy Shareholders Approve $4.1 Billion Sale To Chevron

The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

Chevron To Buy Noble Energy In $5 Billion Deal

The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble's Friday close.

Exxon, Chevron Slam Brakes On Shale As Oil Demand Tumbles

The company posted a $610 million first-quarter loss, its first quarterly loss in three decades, on a nearly $3 billion inventory writedown reflecting lower margins and prices.

As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis

In the five years before the downturn began in mid-2014, when crude prices held above $100 a barrel, big energy firms had raced to expand production capacity, including buying stakes in vast, costly fields

ONGC Videsh Gets New Zealand Oil Exploration Permit

Cairn India: Fastest Growing Energy Company

A Factory Of Unrest