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Stock Market & Financial Investment News

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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October 23, 2014
09:01 EDTCVXChevron announces oil discovery in deepwater U.S. Gulf of Mexico
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October 21, 2014
09:37 EDTCVXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
October 17, 2014
08:54 EDTCVXChevron adds drillship to deepwater operations in Gulf of Mexico
Chevron Corporation (CVX) announced that the Pacific Sharav, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work under a five-year contract with Pacific Drilling (PACD). The Pacific Sharav is an upgraded Dual-Load-Path, Samsung-12000-design, dynamically-positioned drillship, specially modified to accept a Dual Gradient Drilling System, and able to operate in moderate environments and water depths up to 12,000 feet. The Pacific Sharav has commenced operations in the Keathley Canyon area.
08:48 EDTCVXChevron arranges FID for IDD, postpones second phase, Reuters says
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October 16, 2014
13:54 EDTCVXGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 15, 2014
07:44 EDTCVXExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 14, 2014
09:19 EDTCVXChevron delays $12B deepwater project after gas discovery, Jakarta Post says
PT Chevron Pacific Indonesia, a unit of Chevron, has submitted a letter requesting the postponement of its $12B Indonesia Deepwater Development project as it revise its calculations on the project following the discovery of a new gas reserve that has increased the projectís monetizing value, reported The Jakarta Post, citing an official with the Energy and Mineral Resources Ministry. Reference Link
October 13, 2014
06:36 EDTCVXSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTCVXKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTCVXSaudis take aggressive oil measures in Europe, WSJ says
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