Chevron Corporation’s (CVX) subsidiary, Chevron Australia New Ventures Pty Ltd, secured a significant greenhouse gas (“GHG”) assessment permit for offshore Western Australia. This permit strengthens CVX’s commitment to providing lower-carbon energy solutions. The company’s strategic focus on carbon capture and storage (“CCS”) initiatives to meet the growing global demand for energy while reducing carbon emissions is also highlighted. Overview of the G-18-AP PermitThe newly awarded G-18-AP permit covers an e ...

Chevron Corporation (CVX) , a global leader in energy solutions, has unveiled plans to establish the Chevron Engineering and Innovation Excellence Center ("ENGINE") in Bengaluru, India. The $1 billion facility, set to be located near Bellandur, represents a major step forward in CVX’s commitment to India. It should also significantly improve the company’s global operations and projects.Strategic Commitment to IndiaChevron's decision to invest in India reflects its strategic long-term commitment to the regio ...

Exxon would love to own more of its offshore development in Guyana or at least keep it out of Chevron's hands.ExxonMobil (XOM -0.64%) and Chevron (CVX 0.43%) are behemoths in the oil patch. The integrated oil giants have operations that span the globe and the entire oil sector value chain -- upstream, midstream, and downstream. While they're peers, they are also fiercely independent and competitive. They routinely benchmark their results against each other. Their competition isn't always friendly. The oil c ...

These battle-tested companies will let you sleep well at night, even during a recession.The news media is abuzz with increasing chatter about the U.S. economy and whether it's falling into a recession. That can be a scary thought; recessions usually mean companies have a harder time making money, which is bad for consumers, companies, and stocks.Remember, though, that just because the news media talks about a recession doesn't mean it's imminent. Recessions are a normal part of the economy's ups and downs, ...

Share of the integrated oil giant have fallen dramatically over the past few months. Is it time to buy, or is there likely to be a better opportunity ahead?Chevron (CVX -1.46%) has a lot going for it as an energy investment, not least of which is the dividend, which has been increased annually for 37 consecutive years and supports a lofty 4.4% dividend yield at present. With the stock more than 20% below its most recent highs, should you buy Chevron? Here are some important factors to consider before making ...

The energy giant is a free-cash-flow growth machine.Chevron (CVX 0.82%) made a bold move last year by agreeing to acquire rival Hess (HES 1.16%) in a nearly $60 billion deal. That purchase will really move the needle for the oil giant. Management expects the transaction will help it more than double its free cash flow by 2027 if oil prices average $70 a barrel. Meanwhile, it will extend the company's production growth profile into the 2030s. Unfortunately, the deal has hit a speed bump. However, while Chevr ...

Chevron Corporation (CVX) , the U.S. oil and gas major, has agreed to pay $550 million to the Richmond City Council in exchange for dropping a proposed tax on the company’s Richmond refinery. The proposed tax was scheduled on the November ballot. However, per the terms of the settlement, Chevron will pay $550 million to the council in a span of 10 years for dropping the proposed tax measure.The city intended to seek the approval of its voters to impose a $1 per barrel tax on the crude processed in the Richm ...

Pulled down by multiple factors, U.S. oil prices have been struggling to get past the $80-a-barrel level. The EIA's revised forecast of global crude consumption at 104.5 million barrels per day for 2025, down 200,000 barrels from prior estimates, reflects concerns over a potential U.S. recession and a decelerating Chinese economy.With a reduced demand growth rate of 1.6%, these factors have been exerting downward pressure on oil prices, highlighting vulnerabilities in global oil demand driven by economic un ...

mynewturtle/iStock Editorial via Getty Images Chevron Corporation (NYSE:CVX) is an expensive oil company with incredibly strong assets and hefty diversification in LNG. The company is committed to shareholder returns, but with slowing down growth and a lofty valuation. As a result, as we'll see throughout this article, we view the company as a hold at this time. Chevron Accomplishments Chevron is focused on continuing to drive shareholder returns. Chevron Investor Presentation The company returned $6 billio ...

Chevron Corporation’s (CVX) recent achievement of first oil from the Anchor facility in the Gulf of Mexico (GoM) represents a significant milestone in deepwater oil production. The Anchor project, now operational, is notable for its technological advancement, utilizing industry-first high-pressure technology capable of withstanding up to 20,000 psi. This cutting-edge technology allows Chevron to access reservoirs located nearly 35,000 feet below the ocean’s surface — an area previously deemed too challengin ...