economy
Chevron Corp
The latest news, analysis and opinion on Chevron Corp. In-depth analysis, industry insights and expert opinion
TL;DR
- Chevron signed a 20-year agreement with Microsoft to develop a data center, potentially including a gas-fired plant.
- Chevron CEO warned of potential oil price jumps over the summer due to dwindling supplies and geopolitical issues like the Strait of Hormuz blockade.
- The company is negotiating for a stake in Iraq's West Qurna 2 oilfield.
- Chevron is focusing on boosting production from existing operations in Venezuela rather than fast-track expansion.
- Chevron, alongside Quantum Capital Group, is preparing a bid for Lukoil assets.
- The Trump administration allowed Chevron to restart operations in Venezuela.
- Chevron sealed the $53bn Hess takeover after ExxonMobil's claim to contested assets in Guyana was dismissed.
- Chevron aims to prioritize profits over production, emphasizing cost-cutting and lower capital expenditure.
- Chevron and Exxon are beefing up energy trading operations to compete with European rivals.