Chevron will lay off 15% to 20% of its global workforce amid a plan to cut costs by up to $3 billion, the US oil company's Vice Chairman Mark Nelson announced on Wednesday."We do not take these actions lightly and will support our employees through the transition. But responsible leadership...
Chevron Corp. CEO Mike Wirth spoke with the Financial Times on Friday, revealing that the business plans to hold discussions with the White House about its license that allows it to work in Venezuela. The comment comes after United States Secretary of State Marco Rubio suggested the permit be...
Chevron Corp. unveiled on Friday that the net income attributable to the company in the fourth quarter of fiscal 2024 came in at $3.2 billion, soaring 39% on an annual level. In the reported three-month period, year over year, revenue jumped 10.6% to $52.2 billion, while diluted earnings per share...
Chevron and Engine No. 1 announced Tuesday they have partnered to develop advanced power solutions for US-based data centers, relying on domestic natural gas. In a press release, the oil company said the project aims to strengthen the country's AI capabilities through energy investments,...
Chevron Corp. announced on Friday that its revenue in the third quarter of 2024 stood at $50.7 billion, dropping by 6% compared to the same period a year earlier, but beating market expectations.Net income attributable to Chevron declined from $6.6 billion in the third trimester of 2023 to $4.5 billion...
Chevron Corp. is reportedly negotiating the sale of its natural gas assets in East Texas to Tokyo Gas, Japan's largest gas supplier, in a transaction valued at approximately $1 billion, the Financial Times reported on Tuesday, citing three people familiar with the talks.According to the sources, the assets...
Hess Corporation unveiled in a press release on Monday that the United States Federal Trade Commission (FTC) approved the company's acquisition agreement with Chevron Corp., worth $53 billion."We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle,"...
Chevron Corp. is willing to leave Hess Corporation CEO John Hess out of its Board of Directors should that guarantee the merger deal between the two companies can be closed, the Financial Times reported on Thursday citing sources.A previous report from Reuters claimed that the United States...
Chevron Corp. urged the White House to allow it to stay in Venezuela even if Venezuelan President Nicolas Maduro remains in power, The Wall Street Journal reported on Thursday citing sources briefed on the matter.According to the sources, days after Maduro claimed he won the presidential...
Chevron Corp. said in its second-quarter earnings release that its net income sank by 26% on a yearly basis to $4.4 billion, with diluted earnings per share (EPS) down 24% to $2.43. Chevron attributed the earnings drop mainly to lower margins on refined product sales, the absence of prior year...
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