Chevron Corp.

Chevron Corp. announced today that it has entered into a definitive agreement with PDC Energy Inc. to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron's closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total enterprise value, including debt, of [...]

Today, Chevron Products Company, a subsidiary of Chevron, U.S.A. announced Delo® 600 ADF 10W-30 and Delo® 600 ADF 15W-40 heavy-duty engine oils are approved for use in Cummins mobile natural gas engines. The Cummins' approval process requires two years of field testing in Cummins engines sold to the on-highway market, followed by a tear-down of the engines and review by Cummins. After putting Delo 600 ADF through this [...]

Chevron Corp. today reported earnings of $6.6 billion for first quarter 2023, compared with $6.3 billion in first quarter 2022. Included in the current quarter was a $130 million tax charge related to changes in the energy profits levy in the United Kingdom. Foreign currency effects decreased earnings by $40 million. Adjusted earnings of $6.7 billion in first quarter 2023 compared to adjusted earnings of $6.5 billion in [...]

Chevron U.S.A. Inc., a subsidiary of Chevron Corp. , kicked off a road trip today across the U.S. Gulf Coast to showcase an innovative new gasoline blend with more than 50 percent renewable content. People from Chevron and Toyota will be driving Toyota's Tundra, RAV4 and Camry on this road trip with the objective of demonstrating the fuel, which is more than 40 percent less carbon intensive than traditional gasoline on a [...]

Chevron Corp. , through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis Group, through its Energy Transition division, Green Ships, announced a Joint Study Agreement to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next [...]

Chevron Corp. , one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, April 28, 2023, at 11:00 a.m. ET . Conference Call Information: Date: Friday, April 28, 2023 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # : 800-378-6902 Conference ID #: 6069633 Speakers: Mike Wirth - Chairman of the Board and Chief Executive Officer Pierre Breber - Vice President and Chief Financial [...]

Today, Chevron announced refreshed branding for its line of grease products, featuring new naming and packaging to make the product selection process more seamless for customers. This product optimization aims to future proof its product line to serve today's equipment needs and meet the needs of tomorrow. To address continuously evolving industry shifts, Chevron grease products will feature new package designs with a [...]

Corteva Inc. , Bunge and Chevron U.S.A. Inc., a subsidiary of Chevron Corp. , announced today a commercial collaboration to introduce proprietary winter canola hybrids that produce plant-based oil with a lower carbon profile. The goal is to increase the availability of vegetable oil feedstocks primarily for the growing domestic renewable fuels market. The companies plan to introduce the winter canola crop into the [...]

Chevron Corp. announced today the second retail event in the Chevron Exchange Q&A Series, a virtual fireside chat with President of Chevron New Energies , Jeff Gustavson, on Thursday, March 23, 2023. Chevron will offer a platform to receive and answer questions from verified retail shareholders. Gustavson plans to address a selection of top-voted questions from shareholders related to Chevron's strategy, business and [...]

Chevron New Energies , a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding that provides a framework for their collaboration on carbon capture and storage projects located in the United States and Australia. This MOU has the potential to expand the significant liquid natural gas relationship that Chevron and JERA have today, and further demonstrates the commitment and dedication [...]