Tag: Chevron

Monday, March 10th 2025 - 10:45 UTC
Trump's sanctions cut off all comunication lines, Maduro claims

Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.
Tuesday, October 24th 2023 - 08:36 UTC
Big news in oil industry: Chevron takes over Hess Corporation in a US$ 53 billion transaction

Chevron Corporation (NYSE: CVX) announced on Monday that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at US$ 53 billion, or US$ 171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is US$ 60 billion.
Wednesday, January 4th 2023 - 21:45 UTC
Chevron activities picking up pace in Venezuela

The first shipment of Venezuelan crude oil to a US refinery in quite a while is about to set sail, it was reported in Caracas. Oil producer Chevron is to send the oil to its Pascagoula, Mississippi, refinery after obtaining a US license in 2022.
Tuesday, July 21st 2020 - 08:53 UTC
Chevron buys Noble Energy in a US$ 5 billion all stock deal

Chevron said Monday it would buy Noble Energy in a US$ 5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper. The deal, the largest in the U.S. energy sector this year, comes more than a year after Chevron abandoned its offer for Anadarko Petroleum, outmaneuvered by Occidental Petroleum higher bid.
Wednesday, October 16th 2019 - 07:27 UTC
Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.
Tuesday, October 1st 2019 - 09:47 UTC
Brazil's newest oil auction attracting oil majors

Brazil’s newest oil auction is attracting some of the world’s biggest oil majors such as BP, Chevron, CNOOC, ExxonMobil, and Shell, the Brazilian government said on Monday, according to Bloomberg.
Friday, May 3rd 2019 - 09:14 UTC
Chevron completes purchase of controversial Petrobras refinery in Houston

Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.
Thursday, February 14th 2019 - 09:37 UTC
Chevron will remain in Venezuela in “coordination with US government agencies”

Chevron Corp. Chief Executive Officer Mike Wirth pledged to work closely with the U.S. to remain in Venezuela despite a spiralling crisis that has led rival oil major Total SA to retreat.
Monday, February 11th 2019 - 08:40 UTC
PDVSA telling customers to deposit oil sales in an account of Russia's Gazprombank

Venezuela's state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO, according to sources and an internal document, reported Reuters on Saturday.
Friday, September 28th 2018 - 08:47 UTC
Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.