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Latest Articles in chevron

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.

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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.

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Chevron launched: A great place to be stranded

Chevron launched: A great place to be stranded

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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.

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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.

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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.

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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.

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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.

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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.

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Chevron To Invest $4 Billion To Boost Permian Basin Output

Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday.

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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

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