Chevron delivered a record 867,000 barrels per day (bpd) in the fourth quarter and, after a first-half dip in output, aims to pump about 900,000 bpd by year-end and reach 1 million bpd by 2025.
Chevron 2024 plan related to oil & gas
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023.
Chevron U.S.A. Inc., through its Chevron New Energies division, has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC
Vaquero Midstream is an independent, large-scale rich gas gathering and processing business that traverses the core of the Southern Delaware Basin buys facilities from Chevron
Chevrom generated revenues of $48.9 billion in Q2 2023. Chevron’s oil and gas production in the Permian Basin, the top U.S. shale field, hit 772,000 barrels a day.
ExxonMobil Corp. and Chevron Corp. are both on course to grow production from the Permian basin by 10% this year, more than double the rate of their smaller rivals.
Chevron has announced that it achieved record production levels in the shale-rich Permian Basin region during the second quarter.
Chevron is considering the sale of its oil and gas properties in Texas and New Mexico, which are estimated to be worth about $100 million.
Chevron Corp (CVX.N) said on Monday it would acquire PDC Energy Inc (PDCE.O) in an all-stock transaction for $7.6 billion
