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March 11, 2014
08:42 EDTCVXChevron reaffirms strategies at annual security analyst meeting
Chevron Corporation is continuing to generate industry-leading operational and financial results and advancing key projects to drive future growth, executives said today at the company’s annual security analyst meeting in New York. “World energy demand continues to grow and the outlook for the energy business remains excellent,” said John Watson, Chevron’s chairman and CEO. Watson added, “Our strategies are sound, and we’re poised to deliver significant production growth through the end of the decade. We believe this compelling growth profile, combined with flattening capital spending levels these next few years, should serve as a strong catalyst for value creation for our shareholders in the years ahead.” Jay Johnson, senior vice president, Upstream, provided an overview of Chevron’s queue of projects, exploration assets, and other long-term opportunities. “Our plan for production growth is solid and will be driven by near-term project ramp-ups as well as our larger major capital projects which begin starting up later this year.” Johnson added, “These projects are attractive, and when combined with profitable production growth from our shale and tight resource developments, are expected to add over 800,000 barrels of oil equivalent per day by 2017. We also have a deep queue of other growth opportunities which should allow us to continue growing production to the end of the decade.”
News For CVX From The Last 14 Days
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September 29, 2014
08:32 EDTCVXEnLink Midstream to acquire Gulf Coast natural gas pipeline systems for $235M
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07:43 EDTCVXYPF CEO seeks faster non-conventional development, WSJ reports
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September 23, 2014
10:02 EDTCVXOn The Fly: Analyst Initiation Summary
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06:04 EDTCVXChevron initiated with a Neutral at JPMorgan
Target $133.
September 19, 2014
12:24 EDTCVXChevron looks to sell Hawaiian oil refinery, Bloomberg says
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September 16, 2014
13:40 EDTCVXChevron alternative fuel research unsuccessful, Bloomberg says
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10:47 EDTCVXBadri sees OPEC lowering oil output target at next meeting, Reuters says
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