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News Breaks
May 28, 2014
11:34 EDTCVXChevron says on track to grow production to 3.1M boepd by 2017
Chevron provided an overview of the companyís 2013 operational performance and future growth plans at its 2014 Annual Meeting of Stockholders, with CEO John Watson discussing Chevronís 2013 financial and operational performance. George Kirkland, Chevron vice chairman, said the company is on track to grow production to 3.1M barrels of oil-equivalent per day by 2017, up 20% from 2013, with more growth expected through the end of the decade. To reach this goal, the company has more than 70 projects, each with a Chevron share of more than $250M, scheduled to start-up by the end of this decade. In Australia, the Gorgon project continues to make steady progress toward first liquefied natural gas, and is 80% complete with start-up expected in mid-2015. Wheatstone is now almost 35% complete and remains on schedule for a start-up in 2016. Kirkland said growth plans include investing $39.8B in 2014, which represents a $2B reduction from 2013 spending. Kirkland concluded by affirming the Downstream and Chemicals business focus on select areas of growth, including key Chevron Phillips Chemical projects that take advantage of existing infrastructure and attractive feedstocks.
News For CVX From The Last 14 Days
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November 18, 2014
18:26 EDTCVXKeystone pipeline legislation voted down by U.S. Senate
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November 17, 2014
08:47 EDTCVXWilliams says Gulfstar One placed into service
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08:43 EDTCVXChevron confirms first oil production from Tubular Bells in Gulf of Mexico
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08:36 EDTCVXHess Corp. announces first production from Tubular Bells Field
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November 13, 2014
08:13 EDTCVXChevron abandons geothermal project in Sumatra, Jakarta Post says
A Chevron unit has handed over its working area in Lampung, Sumatra, to the local government, with a government official stating that company said its early survey failed to find steam at an economical level to continue its geothermal project, according to the Jakarta Post. Reference Link
November 11, 2014
07:47 EDTCVXJacobs Engineering receives contract from Chevron in South Africa
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November 10, 2014
15:43 EDTCVXAmerican Petroleum Institute to hold a conference
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07:18 EDTCVXChevron hasn't finished shale gas assessment in Romania, Reuters reports
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