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Chevron

All articles tagged with #chevron

business17 days ago•7 min saved

LA's Union Station Chevron Becomes Icon of Price Shock

A Chevron station by Union Station in Los Angeles is infamous for sky-high gas prices, currently around $8.71 for regular amid tensions over Iran and a volatile oil market. The price jump, higher than nearby pumps, has long made the station a go-to backdrop for media reports on fuel costs. Industry observers say location, high rents and operating costs drive such spikes, and volumes have declined as electric vehicles gain popularity, with owners nervously watching prices rise to cover costs.

via Los Angeles Times|

#business #california #chevron

market-news18 days ago•14 min saved

Chevron CEO Flags Looming Oil Shocks Amid Hormuz Disruption

Chevron CEO Mike Wirth warns that oil prices may be underpricing tight physical supply due to the Strait of Hormuz disruption, predicting more shocks ahead. The day’s market move saw Brent crude around $99 and WTI near $87.7 as prices tumbled after talks with Iran, despite a generally bullish investor sentiment on CVX with a Strong Buy consensus and a year-end target around $197.

via TipRanks|

#chevron #market-news #oil

energy19 days ago•4 min saved

Chevron CEO: Iran-driven oil shock hits markets harder than Russia-Ukraine

Chevron CEO Mike Wirth said at CERAWeek that Iran-related attacks and the broader Middle East war have damaged global oil markets more than the Russia-Ukraine conflict, and inventories and supply chains won’t rebound quickly even if the Strait of Hormuz reopens; Asia faces diesel and jet-fuel shortages, LNG and fertilizer deliveries are disrupted, and while officials expect the disruption to be short-term, producers are urged to ramp up output.

via Politico|

#chevron #energy #iran

business1 month ago•30 min saved

Oil Majors Hit Fresh Highs as Congress Members Hold Stakes in Top Producers

Chevron, Exxon Mobil, and ConocoPhillips reached new 52-week highs amid an oil rally after U.S. actions on Iran, with Benzinga noting several members of Congress own shares in these companies, raising potential conflicts of interest.

via Benzinga|

#business #chevron #congress-stock-ownership

business1 month ago•2 min saved

Buffett's Berkshire posts NYT stake, boosts Chevron, trims Apple and BofA in Q4 13F

Berkshire Hathaway’s Q4 13F shows a new stake in The New York Times, larger positions in Chevron (and Chubb/Domino’s in buy activity), and trims to Apple, Bank of America, and Amazon, signaling selective portfolio tweaks alongside other minor moves.

via Seeking Alpha|

#apple #bank-of-america #berkshire-hathaway

business1 month ago•21 min saved

Berkshire re-enters newspapers, widens Domino’s bet as Buffett era winds down

Berkshire Hathaway, nearing the end of Warren Buffett’s tenure, is returning to the newspaper space by taking a fresh stake in The New York Times (over 5 million shares, about $370 million) six years after selling its BH Media Group, while also boosting its Domino’s Pizza and Chevron stakes (roughly 3.3 million shares of Domino’s and more than 130 million shares of Chevron). The 13-F filing also notes other notable moves and investments, including Alphabet, as Buffett’s successor Greg Abel prepares to lead, with executives like Todd Combs and Marc Hamburgdeparting.

via MarketWatch|

#13-f-filings #berkshire-hathaway #business

business2 months ago•7 min saved

Buffett’s $58B Oil Bet Starts Paying Off

Buffett’s Berkshire Hathaway has built roughly $58 billion in oil-and-gas bets—Chevron (~$21B), Occidental (~$12B), plus Dominion Energy assets, Cove Point LNG, and OxyChem—reflecting a long-term conviction that fossil fuels stay essential; with oil rebounding, these positions are beginning to pay off, even as Buffett steps back from the CEO role.

via The Motley Fool|

#berkshire-hathaway #business #chevron

business2 months ago•2 min saved

Chevron targets 50% Venezuelan output boost after Q4 earnings beat

Chevron beat Q4 2025 estimates with adjusted EPS of $1.52 on $46.87B revenue; net income was $2.77B. The company says it could ramp Venezuelan output by about 50% in 18–24 months under a U.S. Treasury license, signaling upside as global production rose to record levels. Shares slipped about 1% in premarket trading.

via CNBC|

#business #chevron #earnings

world2 months ago•126 min saved

US moves fast to expand Chevron’s Venezuela license, switching to cash for oil

The United States says it’s accelerating an expanded license for Chevron to boost oil production and exports from Venezuela, with Secretary of Energy Chris Wright explaining Chevron would be allowed to pay the Venezuelan government in cash instead of oil, enabling it to export all the crude it produces. The move, part of efforts to revive Venezuela’s oil industry after Maduro’s ouster, would shift away from the current oil-in-kind royalties and have the sale proceeds held in Qatari accounts controlled by the U.S., with plans to route funds through U.S. banks.

via Investing.com|

#chevron #energy-policy #oil

world2 months ago•2 min saved

US Fast-Tracks Expanded Chevron Venezuela License

The United States says it is moving quickly to grant Chevron an expanded license to produce and export oil in Venezuela, allowing cash payments to the Venezuelan government instead of oil-in-kind and enabling Chevron to sell all oil it produces. The move could expand export capacity and improve pricing, with proceeds held in Qatar in accounts controlled by the U.S. government and a goal to eventually move funds into U.S. banks.

via Reuters|

#chevron #energy #note-only-five-tags-allowed-extra-ignored

business3 months ago•2 min saved

Chevron to Gain $700M Annually from Venezuelan Oil

Chevron could increase its annual cash flow by up to $700 million by boosting oil production in Venezuela, as the US government seeks to revitalize the country's oil industry amidst political and security uncertainties. The company plans to focus on existing assets rather than new investments, awaiting a more stable government and fiscal regime.

via Yahoo Finance|

#business #chevron #oil-production

business3 months ago•1 min saved

Chevron's Strategic Moves in Venezuela and U.S. Oil Expansion

The article discusses how Chevron's leadership made a strategic decision to heavily invest in political and economic opportunities related to Donald Trump and Venezuela, highlighting the company's bold approach in navigating complex international relations and energy markets.

via Financial Times|

#business #chevron #investment

business3 months ago•0 min saved

Chevron and Quantum Capital Partner for $22B Lukoil Asset Bid

Chevron and Quantum Capital Group are preparing a bid for $22 billion worth of Lukoil assets, indicating a significant move in the oil and gas industry.

via Financial Times|

#bid #business #chevron

world3 months ago•5 min saved

Chevron and Big Oil Eye Venezuela's Oil Revival Amid Global Shifts

The article discusses Chevron's long-standing presence in Venezuela's oil industry and the potential benefits it could gain from recent U.S. military actions that led to the detention of Venezuelan President Nicolás Maduro, opening opportunities for U.S. oil companies to invest and profit from Venezuela's vast oil reserves.

via Los Angeles Times|

#chevron #oil-industry #oil-reserves

business3 months ago•2 min saved

Oil Market Reacts to Venezuela Developments and U.S. Reimbursements

Chevron is currently the leading U.S. oil company in Venezuela, which holds the world's largest proven oil reserves, but significant challenges including political instability, high investment costs, and uncertain future regimes make the path to restoring Venezuela's oil production a long and risky process for all oil majors.

via CNBC|

#business #chevron #geopolitics