The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said.
The Trump administration, in yet another foreign policy power move, cancels a Biden-era license granted to CVX for producing and exporting oil in Venezuela.
Trump cancels Chevron's Venezuela license, cutting 240K bpd crude supply. Oil prices react to fresh supply concerns—read the full market impact!
President Trump's push for fossil fuels has put oil stocks back on investors' radar. On his first day in office for the second term, Trump declared a national energy emergency, froze federal funding for clean energy, and avowed his intentions to boost the domestic oil and gas industry.
CVX and partners advance an expansion plan for Israel's Leviathan gas field to increase production capacity and strengthen regional energy security.
The headline numbers for Chevron (CVX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
U.S. energy major Chevron said on Monday its Oil, Products and Gas Organization would be consolidated into two separate segments.
CVX extends Shelf Drilling's contract valued at $50M for the Scepter jack-up rig in Nigeria till 2026.
The world continues to use more energy and may continue to do so for the foreseeable future. According to McKinsey & Company's 2024 Global Energy Perspective, worldwide energy demand could grow until 2050.
The oil industry can be a good place to collect some dividend income. Many oil companies produce a lot of cash, giving them money to drill more wells and return cash to shareholders via dividends and stock buybacks.
The past several years have been rollercoasters for oil and gas companies. At the onset of the pandemic, oil demand experienced a drastic decline, leading to a sharp decrease in prices.
XOM's merger with Pioneer nearly doubles its production in the Permian Basin. CVX's $53 billion merger with HES is expected to expand its portfolio in the prolific Stabroek Block.