Chevron (CVX) Stock News

Salesforce, Chevron share gains lead Dow's 151-point jump.

Barron's published analyst notes on seven companies. Chevron was initiated with a Buy on its Venezuela position. Coinbase estimates were raised on volume gains. Chewy's membership revamp was deemed not yet material. IMAX beat Q3 box office estimates. Black Hills secured a major Google data center deal. Sportradar sold Atrium Sports.

Chevron evacuates most Gulf personnel due to Isaias, shuts 5 platforms.

UBS increased its price target for Chevron from $220.00 to $235.00 per share.

Chevron stated it continues adhering to established storm response protocols at its onshore sites. The brief update did not specify any operational disruptions, evacuations, or production impacts. The statement suggests the company is monitoring conditions and following standard procedures.

Chevron has started shut-in procedures for production at four Gulf of America facilities as Tropical Storm Isaias approaches. Personnel are being moved onshore. Five other Gulf facilities continue normal operations.

Chevron will transfer its ownership in Hess Midstream and DJ Basin crude midstream assets in exchange for improved Bakken midstream terms and $200 million cash. The company expects a one-time after-tax loss of $3-4 billion and to deconsolidate ~$3.7 billion in debt. The deal is expected to close by year-end 2026.

Chevron revised Bakken midstream agreements to cut costs ~50% and lift ROCE 0.5%. The future savings cannot be recognized as an asset. Deal close targeted by end-2026.

Chevron said a pending transaction would increase its return on capital employed by half a percentage point, measured on an absolute basis.

The transaction is expected to lower costs in the Bakken and raise return on capital employed, Chevron said.

Chevron stated that a deal supports competitive upstream development activity. No further details were provided.

Chevron is divesting its ownership interests in Bakken midstream assets in exchange for extended and improved commercial terms. The restructuring aims to enhance the company's midstream economics in the region.

Chevron ($CVX) announced executive changes effective January 1, 2027. Mark Nelson will remain Vice Chairman but no longer serve as EVP of Oil, Products & Gas. CFO Eimear Bonner will become President of Oil, Products & Gas. Jeff Gustavson, currently President of New Energies, was elected CFO with a $1M base salary and 110% target bonus.

HSBC raised Chevron's price target to $250 from $218.

A document lists 29 agreements expected to be announced next week in New York, involving Chevron, ExxonMobil, Citibank, Qualcomm and other US companies with Vietnamese partners.

Chevron CEO announced a $7 billion investment in Venezuela over five years. The investment is to be funded by cash flow from three existing joint ventures.

China announced a further fuel price increase tied to the Iran conflict. Chevron CEO Mike Wirth said early oil-market buffers have played out and price risk has risen.

Chevron sees upside oil price risks from Hormuz.

Chevron plans $7 billion Venezuela oil push, citing low costs despite political risks

Chevron and Venezuela agree on $7 billion Orinoco Belt oil investment.

Chevron: strait of Hormuz flows buy time for oil supply.

Bessent praises Chevron CEO's management of Venezuela assets.

A market-monitoring account reports that Chevron, ONGC, Eni, GE Vernova and GeoPark are close to finalizing energy agreements with Venezuela. The deals could expand oil production, exports and new energy projects under the country's revised hydrocarbon law. The claim is unverified.

Libya's National Oil Corporation has signed a production-sharing agreement with Chevron. The deal was announced by the NOC. No further details were provided.

Jefferies raised its price target on Chevron to $233 from $216. The new target implies upside from the previous estimate.

Chevron expects capex near low end of $18B-$19B guidance, sees $12.5B additional FCF by 2026.