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Stock Market & Financial Investment News

News Breaks
June 13, 2014
13:09 EDTCVXChevron sells interests in Chad and Cameroon for $1.3B
Chevron announced that its subsidiary, Chevron Global Energy, has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $1.3B. The sale closed June 13. The transaction includes the sale of the Chevron subsidiaryís interests in seven fields in Chadís Doba Basin, which in 2013 had an average net daily crude oil production of about 18,000 barrels. The sale also includes the Chevron subsidiaryís approximate 21% non-operated interest in a pipeline system that transports crude oil to the coast of Cameroon as well as associated marine facilities.
News For CVX From The Last 14 Days
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March 29, 2015
17:53 EDTCVXChevron concludes sale of interest in Caltex Australia
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March 27, 2015
15:51 EDTCVXChevron CEO Watson: We still plan on investing in U.S. in 'a very big way'
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06:37 EDTCVXOil retreats after Goldman says attacks won't have much impact, Reuters reports
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05:17 EDTCVXChevron sells interest in Caltex Australia
Chevron's wholly owned subsidiary Chevron Global Energy announced that it has entered into an underwriting agreement for the sale of its 50% shareholding in Caltex Australia Limited, or CAL. It is expected that these shares will be sold to a broad range of Australian and global equity market institutional investors. The announcement does not alter Chevronís focus on moving the Gorgon and Wheatstone liquefied natural gas, or LNG, projects towards start-up. Chevron is one of Australiaís largest foreign investors and is the largest holder of natural gas resources in the country.
March 26, 2015
09:17 EDTCVXChevron volatility flat, WTI trades above $51
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06:36 EDTCVXOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 22, 2015
17:59 EDTCVXOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTCVXWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTCVXOil prices fall again, Reuters reports
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March 19, 2015
09:37 EDTCVXActive equity options trading on open
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07:19 EDTCVXKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 18, 2015
09:56 EDTCVXRumor: BP strength attributed to takeover speculation
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March 16, 2015
11:11 EDTCVXOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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09:26 EDTCVXAtwood Oceanics Atwood Osprey to be out of service for 30 days due to cyclone
Atwood Oceanics (ATW) announced that its semisubmersible drilling unit, the Atwood Osprey, parted several mooring lines and drifted approximately three nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia on March 12. The rig is currently stable with a support vessel in position, and preliminary results indicate minimal damage with an estimated maximum of 30 days out of service time for repairs. No rig personnel were injured in the event. The Atwood Osprey is contracted to Chevron Australia (CVX) and was on location at the Iago 1B well. The well had been shut down and secured in accordance with Chevron's cyclone demobilization procedures and the rig had ballasted down and evacuated all its rig personnel in advance of the cyclone. Atwood Oceanics is coordinating its efforts with Chevron, the Australian offshore regulator and other affected parties.
08:06 EDTCVXCB&I awarded technology and FEED contracts for coker unit
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