In a major energy sector development, Chevron has teamed up with private equity firm Quantum Energy Partners to submit a joint bid for approximately $22 billion worth of Lukoil’s international assets. This deal could reshape parts of the global oil market and marks one of the most significant moves in energy acquisitions in recent years. What’s…
The global energy market moved sharply higher after former US President Donald Trump signaled possible US control over Venezuela’s oil assets, sending a strong wave across oil stocks. Shares of Chevron and other major energy companies surged as investors reacted to the possibility of tighter control over one of the world’s largest crude reserves. The…
Chevron has just announced that it plans to spend up to US $19 billion in 2026, a big bet on oil output in the United States and Guyana. This move comes after Chevron’s recent acquisition of major assets, including stakes that boost its reach in Guyana’s offshore oil fields. The company says most of the…
Chevron, a global energy leader, is significantly increasing its investments in South Korea’s refining and petrochemical industries. At the Asia Pacific Petroleum Conference (APPEC) in September 2025, Chevron’s President of International Downstream, Brant Fish, announced plans to go “investment heavy” in South Korea, focusing on petrochemical expansion and heavy oil upgrading. This strategic move underscores…
Chevron’s Q2 Performance Surpasses Forecasts Chevron (CVX•NYSE) delivered adjusted earnings of $1.77 per share, exceeding the Wall Street consensus of about $1.70–$1.73. Revenue reached approximately $44.82 billion, again beating expectations of $43.8–$45.6 billion. Despite lower net income driven in part by a fair‑value adjustment related to its Hess acquisition, Chevron’s performance impressed investors. Record‑Breaking Oil Production Chevron…
Did you know that one of the biggest oil deals in recent years just got the green light? After months of legal back-and-forth, Chevron has finally closed its $53 billion acquisition of Hess Corporation. This isn’t just another company merger; it’s a game-changing move in the global energy market. With this deal, Chevron didn’t just…
Chevron Stock jumped 3.47% in a single trading day, catching the attention of investors and analysts. While oil prices often drive energy stocks, this rise came after strategic moves in the Permian Basin and a strong push into hydrogen energy. These plans reflect a shift in Chevron’s vision, balancing oil growth with clean energy efforts….