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Chevron Corporation
39 posts
Chevron (CVX) profit surges to $9.9bn as refining boom offsets lower oil production
Chevron's third-quarter results show an exceptional improvement in downstream profitability and cash generation, even as oil and gas production declined from the previous year.
Chevron just put its CFO in charge of oil and gas. Is Eimear Bonner being tested for the top job?
Chevron Corporation is reshuffling three senior executives from January 1, 2027, moving Chief Financial Officer Eimear Bonner into responsibility for its global oil, products and gas business while Jeff Gustavson takes over finance. Vice Chairman Mark Nelson will shift toward strategy and business development. The changes arrive as investors increasingly focus on eventual succession to Chief Executive Officer Mike Wirth, making the appointments strategically important beyond their immediate operating responsibilities.
ExxonMobil weighs Venezuela return nearly 20 years after nationalisation dispute
ExxonMobil is in discussions over a potential return to Venezuela’s Orinoco Belt, Reuters reported citing people familiar with the matter, including possible involvement in the Petromonagas project from which its predecessor asset was nationalised nearly two decades ago.
Equinor to enter Namibia with 17.4% Chevron deal as Orange Basin drilling catalyst approaches
Equinor has taken a 17.4% interest in Chevron-operated PEL 90, gaining pre-drill exposure to Namibia’s Orange Basin as it targets 30% international production growth.
Chevron reports record $12.1bn Q2 2026 earnings on 20% production surge
Chevron delivered $12.1B Q2 earnings and record 4.07 MBOED output; a 20-year Microsoft AI power deal reframes the story around energy for data centres.
Sintana Energy gains Uruguay extension as Chevron prepares second AREA OFF-1 seismic season
Sintana Energy has secured more time for Chevron’s offshore Uruguay seismic programme while an Argentine tender and Colombian cash inflows widen its Latin American opportunity set.
National Grid’s $1.75bn Joulent investment brings AI data centre power into its growth portfolio
National Grid is taking a minority position in a United States power platform anchored by a 2.67 GW project for Microsoft. The opportunity is substantial, but returns still depend on final approval, construction discipline and partner-led execution.
National Grid shares fall as $1.75bn Joulent bet targets AI data centre power boom
National Grid is moving beyond conventional regulated networks with a $1.75 billion investment in Joulent, but the higher-return strategy introduces construction, technology, carbon and balance-sheet risks.
Bloom Energy ($BE) tumbles 13% as data center power competition reshapes AI infrastructure energy thesis
Bloom Energy NYSE BE falls 13 percent as Chevron-Microsoft turbines, $17.5B DOE nuclear financing and FuelCell Fit Energy deal reshape AI data center power.
Shell stock faces Namibia reset as Merlin-1X revives PEL 0039 exploration case
Read how Shell plc’s Merlin-1X oil result could revive Namibia PEL 0039, reshape Orange Basin drilling plans and influence SHEL stock sentiment.