Chevron Corporation

American multinational energy corporation

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October 2024 Sold some Kuparuk and Prudhoe Bay oil fields in Alaska to ConocoPhillips Alaska for $300 million.
August 2024 Anchor Field project commenced production in the Gulf of Mexico.
August 2024 Earmarked $1 billion for a new research and development hub called Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru, India.
August 2 2024 Chevron announced plans to relocate its headquarters from California to Houston, Texas.
May 2024 Hess Corporation approved the merger with Chevron.
2023 Continued strong performance with revenue of $200 billion and net income of $21.3 billion, with workforce increasing to 45,600 employees.
2023 Entered a 10-year agreement with Hindustan Petroleum Corporation Ltd (HPCL) to license, manufacture, distribute, and sell Chevron lubricants in India under the Caltex brand.
December 2023 Chevron's ownership composition was documented, with institutional investors holding approximately 70% of shares. The Vanguard Group emerged as the largest shareholder with 8.70% of shares.
November 27 2023 A power outage at the Chevron Richmond Refinery caused a plume of black smoke to be reported billowing from the facility, visible throughout the surrounding area on Monday afternoon.
October 23 2023 Announced an all-stock acquisition of Hess Corporation for $53 billion, which would open up opportunities in US shale plays and Guyana's oil-rich regions.
September 2023 Acquired a majority stake in a Utah hydrogen storage facility, projected to be the world's largest hydrogen storage facility for renewable energy.
March 20 2023 Tarek El Aissami resigned from his government post amid serious corruption allegations.
January 2023 Chevron announced a $75 billion stock buyback program set to begin on April 1, 2023, with no set expiration date. Simultaneously, the company raised its dividend by 6 percent from $1.42 to $1.51 per share, which rallied the stock price by an additional 2 percent in after-hours trading.
2022 Strong financial performance with revenue reaching $246 billion, net income substantially increasing to $35.4 billion, and workforce expanding to 43,846 employees.
2022 Chevron relaunched the Caltex brand in Australia after the expiration of Caltex Australia's license to use the Caltex brand.
December 2022 U.S. House Oversight and Reform Committee accused Chevron of greenwashing Paris Agreement carbon neutrality pledges, continuing fossil fuel investments, and promoting natural gas as a clean energy source while potentially intimidating journalists and obstructing the Committee's investigation.
November 2022 Acquired Beyond6, LLC (B6) and its network of 55 compressed natural gas stations across the United States from Mercuria.
November 29 2022 Venezuelan Government Petroleum Minister Tarek El Aissami met with Chevron's president Javier La Rosa in Caracas to discuss oil production development.
September 2022 Chevron sold its San Ramon headquarters to Sunset Development Co., the original land seller, and began leasing space in San Ramon's Bishop Ranch.
June 13 2022 Completed acquisition of Renewable Energy Group, a biodiesel production company based in Ames, Iowa.
March 2022 Chevron Phillips Chemical agreed to pay $118 million for violating the Clean Air Act at three chemical production plants in Texas.
January 2022 Announced end of all operations in Myanmar, citing human rights abuses and deteriorating rule of law following the 2021 Myanmar coup d'état.
January 5 2022 Temporarily decreased production in Kazakhstan's Tengiz Field due to the 2022 Kazakh protests.
2021 Financial recovery began, with revenue rising to $162 billion and net income increasing to $15.6 billion, workforce growing to 42,595 employees.
2021 Chevron significantly increased its use of biofuel from dairy farms, including biomethane production.
2021 Chevron completed the purchase of Noble Midstream Partners LP, acquiring crude oil, produced water, and gas gathering assets in the Permian Basin in West Texas and the DJ Basin in Colorado, along with two crude oil terminals and freshwater delivery systems.
October 2021 Chevron adopted an aspirational net zero target by 2050 and pledged to cut the overall carbon intensity of its products by 5% by 2028, including scope 3 emissions.
2020 Chevron contributed $50,000 to the Rule of Law Defense Fund, a fundraising arm of the Republican Attorneys General Association.
2020 Significant financial impact during the COVID-19 pandemic, with revenue plummeting to $94.6 billion, a net loss of $5.5 billion, and workforce reduced to 13,379 employees.
2020 Chevron sold its Marcellus Shale formation operations to EQT Corporation.
2020 Chevron explored a potential merger with ExxonMobil during the early stages of the COVID-19 pandemic, which would have created the world's second-largest oil company.
2020 Chevron announced workforce reductions of 10–15% due to the COVID-19 pandemic and the 2020 oil price war between Russia and Saudi Arabia.
November 1 2020 Chevron began requiring COVID-19 vaccinations for expatriate employees, overseas workers, and workers on U.S.-flagged ships, starting with workers off the Gulf of Mexico.
August 2020 KRON 4 news station reported a significant incident involving a large cloud of black smoke from the Chevron Richmond Refinery, which was visible from San Francisco.
July 2020 Chevron completed the acquisition of Puma Energy's operations in Australia.
July 2020 Chevron acquired Noble Energy for $5 billion.
February 2020 Chevron joined Marubeni Corporation and WAVE Equity Partners in investing in Carbon Clean Solutions, a portable carbon capture technology company for oil fields and industrial facilities.
2019 KGO news station documented 38 flaring incidents at the Chevron Richmond Refinery, with most incidents attributed to unexpected system upsets according to a Chevron spokesperson.
2019 Revenue decreased to $146 billion, with net income dropping to $2.9 billion, while maintaining a similar workforce of 48,200 employees.
2019 Chevron announced plans to re-enter the Australian market by purchasing Puma Energy's operations in the country.
December 2019 Chevron announced the Anchor Field project, a $5.7 billion deepwater high-pressure oil development in the Gulf of Mexico, capable of extracting 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day.
May 2019 Chevron sold its North Sea operations to Ithaca Energy for $2 billion.
April 2019 Chevron announced its intention to acquire Anadarko Petroleum in a $33 billion deal, which ultimately was not completed.
2018 Chevron Corporation reported $166 billion in revenue and $14.8 billion in net income, with 48,600 employees.
September 2018 An international tribunal ruled in favor of Chevron, finding that Ecuador had violated international treaties and that the $9.5 billion pollution judgment was procured through fraud, bribery, and corruption.
February 1 2018 Michael K. Wirth becomes Chairman of the Board, succeeding John S. Watson.
2017 Chevron sold its primary geothermal operations assets in Southeast Asia.
2015 Chevron Canada Limited acquired a 20% share in the Shell Canada Quest Energy project, the world's first commercial-scale Carbon Capture and Storage (CCS) project, located near Fort McMurray, Alberta.
2015 Chevron sold its 50% stake in Caltex Australia, while maintaining the brand usage agreement.
2015 Chevron received the Lifetime Award from Public Eye on Davos, criticized for its environmental impact in the Amazon, which the company dismissed as a 'stunt' related to an ongoing legal dispute.

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