News Breaks |
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| March 12, 2013 |
| 08:37 EDT |  | CVX | Chevron says 'well-positioned' to hit 2017 target of 3.3M boe production
Chevron executives, in conjunction with the company’s annual security analyst meeting, said, “Our key development projects remain on track, and we are well positioned to deliver our 2017 target of 3.3 million barrels of oil-equivalent production first announced three years ago. In addition, our project queue is gaining momentum to deliver growth beyond 2017.” The company also noted it is advancing its project queue as planned, stating, "Construction on our Australian LNG projects, Gorgon and Wheatstone, is progressing very well, with first LNG for Gorgon targeted for early 2015. Construction continues on the Jack/St. Malo and Big Foot deepwater projects in the U.S. Gulf of Mexico, both of which are scheduled for start-up in 2014.” The company said its restructuring efforts are complete, noting, "We’ve sold under-performing or non-strategic assets, simplified our operations and reduced costs. Returns have increased 10 percent as a direct function of the improvements we’ve captured. We will maintain a focused and competitive portfolio, and selectively pursue growth in petrochemicals and lubricants.” Chevron said operating cash flows should grow "significantly" over the next five years, as new production comes online. The company added that it intends to continue its cash distribution policies. |
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News For CVX From The Last 14 Days Check below for free stories on CVX the last two weeks. |
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| June 18, 2013 |
| 09:37 EDT |  | CVX | BNP Paribas to broker Chevron Nigeria oil sales, Reuters reports
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| 07:13 EDT | | CVX | U.S. oil exports highest in 30 years, Bloomberg reports
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| 06:04 EDT | | CVX | Energy firms may look to courts over U.S. natural gas exports, Reuters reports
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| June 17, 2013 |
| 16:07 EDT | | CVX | Tesoro Logistics confirms FTC clearance for purchase of Chevron system
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| 15:35 EDT | | CVX | FTC requires Tesoro to sell petroleum terminal for Chevron deal
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| 10:10 EDT |  | CVX | On The Fly: Analyst Downgrade Summary
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| 08:00 EDT | | CVX | Chevron downgraded to Hold from Buy at Jefferies
Jefferies downgraded Chevron with a $135 price target citing valuation and expectations its growth can lag the sector average. |
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| June 16, 2013 |
| 14:13 EDT | | CVX | Chevron confirms first cargo from Angola LNG
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| June 14, 2013 |
| 08:06 EDT | | CVX | LNG trade declined in 2012, FT reports
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| June 13, 2013 |
| 07:09 EDT | | CVX | U.S. crude oil production surged 14% in 2012, WSJ reports
U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link |
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| June 11, 2013 |
| 12:15 EDT | | CVX | EIA sees Brent crude to average $102/barrel over 2H, $100/barrel in 2014
In its updated short-term energy outlook, the U.S. Energy Information Administration expects Brent crude oil spot price to average $102 per barrel over 2H, and $100 per barrel in 2014. EIA expects the price of regular gasoline will average $3.53 per gallon over the summer driving season. The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014. Reference Link |
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| 07:38 EDT | | CVX | OPEC: Stronger oil demand growth in second half of 2013, Reuters reports
OPEC said the world's oil demand will grow faster in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, reports Reuters. Reference Link |
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| June 5, 2013 |
| 10:07 EDT | | CVX | On The Fly: Analyst Downgrade Summary
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| 07:12 EDT | | CVX | Argentina revokes Chevron asset freeze, Bloomberg reports
Argentina’s Supreme Court revoked the seizure of Chevron’s (CVX) assets in the country six months after an embargo was put in place that threatened to derail plans to develop shale deposits with state-run YPF (YPF), reports Bloomberg.Reference Link |
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| 06:32 EDT | | CVX | Chevron downgraded to Equal Weight from Overweight at Barclays
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| 06:03 EDT | | CVX | On the Fly: Periodicals Wrap-Up
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