Tag

Chevron

All articles tagged with #chevron

energy8 days ago•18 min saved

Chevron Finds Offshore Angola Oil, Could Tie into Block 0 Infrastructure

Chevron reports a new offshore oil and gas condensate discovery from the 105-4X well in Angola’s Block 0, with over 300 feet of net pay in the Pinda reservoir and described reservoir quality as excellent; the company is evaluating tying the discovery into existing Block 0 facilities rather than a standalone project, potentially reducing capex and speeding production. Block 0 stake holders are Chevron's Cabinda Gulf Oil Company (39.2%), Sonangol E&P (41%), TotalEnergies (10%), and Azule Energy (9.8%). The find follows Chevron’s recent Angola activity and leverages established infrastructure to monetize future discoveries more quickly.

via Crude Oil Prices Today | OilPrice.com|

#angola #block-0 #chevron

finance15 days ago•14 min saved

Three Energy Stocks Delivering Uninterrupted Dividends

Three energy names—Chevron (CVX), Enbridge (ENB), and EOG Resources (EOG)—have sustained or grown their dividend payments over many years. Chevron has paid dividends for over 50 years and raised its payout for 39 consecutive years with a forward yield around 3.8%. Enbridge has increased its dividend annually for 31 years, supported by its pipeline-based cash flow. EOG Resources has never cut its dividend since becoming a standalone company in 1999 and has grown its payout for nine straight years, with a forward yield near 3% and potential extra windfall dividends.

via Yahoo Finance|

#chevron #dividends #enbridge

us-news21 days ago•6 min saved

Trump targets oil profits as Iran conflict boosts energy giants

Trump criticizes oil majors for ‘making too much money’ from market disruption tied to his Iran war, pointing to ExxonMobil and Chevron’s record quarterly profits, while the briefing also covers tariffs on imports, an ICE detention death, a controversial Parti/Blanche- Pirro leadership moment, a urged censure for Rep. Chuck Edwards, and other US and global briefings.

via The Guardian|

#chevron #exxonmobil #iran-war

politics22 days ago•4 min saved

Trump blasts Exxon Mobil and Chevron profits as gas prices stay high

President Trump criticized Exxon Mobil and Chevron for “making too much money” as U.S. pump prices hover around $4 a gallon, urging the firms to cut prices and return profits to the public after the oil majors posted strong quarterly earnings boosted by refinery margins and supply concerns.

via Politico|

#chevron #energy-policy #exxon-mobil

business22 days ago•2 min saved

Trump rails at oil giants for windfall profits amid Iran conflict

President Trump criticized ExxonMobil and Chevron for earning 'too much money' from rising crude prices tied to the Iran war, calling for price cuts as the companies posted large quarterly profits (Chevron up ~400% to $12B; Exxon $14.5B). Oil and gasoline prices have climbed, and shares moved as markets weighed the conflict and potential talks.

via CNBC|

#business #chevron #exxonmobil

politics22 days ago•2 min saved

Trump presses oil majors to slash US gas prices amid Iran talks

US President Donald Trump urged Chevron to immediately cut gasoline prices for American consumers, claiming the administration's policies boosted the oil industry as markets fluctuated amid renewed Iran-related tensions. He attacked Chevron CEO Mike Wirth for not crediting his administration and urged other oil companies to lower prices now. With Brent crude around $83 a barrel after a recent dip, economists warn any relief could be temporary as geopolitical risks persist and Iran’s negotiating stance remains unclear.

via Al Jazeera|

#chevron #gas-prices #iran

business23 days ago•6 min saved

Chevron CEO Warns of Real Oil-Supply Risks Amid Rising Middle East Tensions

Chevron CEO Mike Wirth says oil markets are fragile and supply risks are real amid Iran tensions and Houthi attacks that threaten key shipping routes such as the Strait of Hormuz; with inventories down and prices climbing, Chevron notes rising U.S. production and is exploring bypass routes like an Iraq-to-Med pipeline, while urging Congress to pass permitting reform to boost supply.

via Fox News|

#business #chevron #energy-markets

business24 days ago•3 min saved

Oil Surge Lifts Exxon and Chevron Profits Amid Middle East Turmoil

ExxonMobil and Chevron posted strong Q2 results as higher oil prices and Middle East disruption lifted profits; Chevron reported net income of $12B and adjusted EPS of $6.06, beating estimates, while Exxon earned about $14.5B with adjusted EPS of $3.52, missing by 8 cents due to refining-market volatility; both posted significant gains in upstream and refining segments, with production up and crude prices averaging around $92/bbl in Q2.

via CNBC|

#business #chevron #exxonmobil

business25 days ago•18 min saved

Oil Majors Deliver Big Q2 Profits, Triggering Trump’s Critique

ExxonMobil and Chevron posted a combined $26.5 billion in Q2 profits as higher crude prices and near-capacity refining boosted earnings, with Chevron earning $12.2 billion and Exxon $14.5 billion and U.S. output and refining runs hitting records. Geopolitics—the Iran war and Hormuz disruptions—kept crude prices elevated and pressured gasoline and diesel markets. Trump criticized the windfall and pressed for lower fuel costs, while DOJ price-gouging scrutiny and talk of export bans loom; Chevron cautions that export limits could dampen investment and future supply.

via Crude Oil Prices Today | OilPrice.com|

#business #chevron #exxonmobil

energy25 days ago•40 min saved

Big Oil’s $26.5B windfall spurs talk of windfall taxes amid gas-price pain

ExxonMobil and Chevron posted a combined $26.5 billion in second-quarter profits, triggering political backlash and renewed calls for windfall taxes as high gas prices persist and the Iran war influences oil prices ahead of midterm elections; analysts say profits may stay elevated, while the industry weighs reinvestment risks amid policy uncertainty.

via The Washington Post|

#chevron #energy #exxon-mobil

world1 month ago•7 min saved

US Warns Kyiv Not to Target Non-Russian Vessels as Chevron-CPC Oil Flows Loom in Black Sea

The Trump administration formally warned Ukraine not to attack non-Russian vessels in the Black Sea after Kyiv struck tankers near Novorossiysk tied to Chevron. The warning underscores CPC’s role as a key Kazakh oil route to Europe and Chevron’s 15% stake in CPC plus Tengiz investments, emphasizing the protection of these energy flows amid Kyiv’s maritime drone campaign.

via Kyiv Post|

#black-sea #chevron #energy-security

business1 month ago•17 min saved

US oil majors chart new Iraqi export routes to bypass Hormuz

U.S. oil companies signed roughly $60 billion in deals with Iraq to develop alternative oil-export routes, including a Basra–Haditha–Ceyhan/Syria corridor and other pipeline projects, in a bid to reduce reliance on the Strait of Hormuz. Chevron led several agreements to boost production and invest in pipelines. Goldman Sachs estimates regional pipelines could eventually move up to about 14 million barrels per day by 2028, potentially serving a large share of Hormuz traffic, though timelines are measured in years; oil markets have risen on tensions with Iran, with WTI around $88 a barrel after earlier spikes.

via Yahoo Finance|

#business #chevron #iraq

business1 month ago•24 min saved

Chevron CFO: Gas Prices to Fall Slowly Amid Trump Pressure

Chevron’s chief financial officer, Eimear Bonner, said U.S. gasoline prices are likely to decline gradually as crude oil prices ease and Middle East tensions stabilize, noting a lag between oil costs and pump prices and signaling planned production growth of 7–10% this year. The remarks come as President Trump pushes an investigation into big oil for not lowering pump prices quickly enough, arguing prices should be closer to $2.25 per gallon. With the national average around $3.92/gal and crude futures easing, analysts say price declines typically take weeks due to taxes, refining and distribution costs, and market lag.

via Yahoo Finance|

#business #chevron #energy-market

business2 months ago•2 min saved

Chevron CFO Signals Gas Prices to Ease as Middle East Tensions Normalize

Chevron CFO Eimear Bonner told CNBC that U.S. gasoline prices are likely to fall as the Middle East situation normalizes, though there is a lag between oil moves and pump prices. President Trump has accused Big Oil of gouging and ordered a DoJ probe, while Chevron says majors are doing all they can and aims for 7–10% production growth this year as oil prices retreat; Brent was around $72.75 and WTI about $69.60.

via CNBC|

#big-oil #business #chevron

business2 months ago•1 min saved

Chevron inks 20-year natural-gas deal to power Microsoft's Texas AI data hub

Chevron will supply natural-gas-fueled power for Microsoft's new West Texas data center, Project Kilby, under a 20-year deal. The facility is expected to draw about 2.7 GW (roughly 2 million homes) via turbines from GE Vernova and Caterpillar, with power starting in 2028 as Microsoft expands AI-focused infrastructure.

via CNBC|

#business #chevron #data-centers