Chevron Concludes Sale of Interest in Caltex Australia Ltd


SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 29, 2015-- Chevron Corporation (NYSE:CVX) today announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares in Caltex Australia Limited (CAL) at a share price of AUD$ 35.00. Chevron will receive the cash proceeds upon settlement on April 2, and reflect the gain in second quarter 2015 results. Chevron is one of the world's leading integrated energy companies, Read more [...]

Chevron Announces Sale of Interest in Caltex Australia Ltd


Shareholding sell-down consistent with stated divestment goals Company remains focused on moving Australian LNG projects towards start-up SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 27, 2015-- Chevron Corporation’s (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Australia Limited (CAL). It is expected Read more [...]

Chevron Announces $35.0 Billion Capital and Exploratory Budget for 2015


SAN RAMON, Calif.--(BUSINESS WIRE)--Jan. 30, 2015-- Chevron Corporation (NYSE:CVX) today announced a $ 35.0 billion capital and exploratory investment program for 2015. Included in the 2015 program are $ 4.0 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. The 2015 budget is 13% lower than total investments for 2014. “We continue to execute against a consistent set of business strategies which are focused Read more [...]

Chevron Acquires Exploration Interests in Mauritania


Joint agreement expands company’s opportunity set in West Africa SAN RAMON, Calif.--(BUSINESS WIRE)--Feb. 4, 2015-- Chevron Corporation (NYSE:CVX) today announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 percent non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy. The transaction is subject to the approval of Mauritania’s government. Read more [...]

Chevron Corporation’s 2015 Security Analyst Meeting


SAN RAMON, Calif., Feb. 12, 2015 (GLOBE NEWSWIRE) -- Chevron Corporation (NYSE:CVX), one of the world's leading energy companies, will hold its security analyst meeting on Tuesday, March 10, 2015 in New York City from 10:00 a.m. to 12:00 p.m. ET (7:00 a.m. – 9:00 a.m. PT). To access the live webcast, visit http://investor.chevron.com. The webcast archive will also be available on the company website under the "Investors" section. About Chevron Chevron is one of the world's leading integrated Read more [...]

Principal Financial Backer of Fraudulent Ecuador Litigation Withdraws Support, Settles with Chevron


SAN RAMON, Calif.--(BUSINESS WIRE)--Feb. 16, 2015-- Chevron Corporation (NYSE: CVX) has reached a settlement agreement with James Russell DeLeon, the principal funder of the fraudulent lawsuit against Chevron in Ecuador. Chevron brought claims against DeLeon in Gibraltar, where DeLeon maintains a residence, for his role in funding and advancing the fraudulent lawsuit. In the settlement, DeLeon has resolved those claims by withdrawing financial support from Read more [...]

Chevron Announces Sale and Joint Venture Partnership for Duvernay Shale Assets in Canada With KUFPEC


Initial Results from the Liquids-Rich Formation Encouraging, Additional Appraisal Underway SAN RAMON, Calif.--(BUSINESS WIRE)--Oct. 6, 2014-- Chevron Corporation (NYSE:CVX) today announced that its indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 percent interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $ 1.5 billion. The Read more [...]