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Chevron

  • In the News

    Hess Shareholders Approve $53 Billion Merger with Chevron

    by Victor Adetimilehin May 29, 2024
    by Victor Adetimilehin May 29, 2024

    Hess shareholders overwhelmingly approved the $53 billion merger with Chevron, clearing a key hurdle but leaving regulatory approval and a potential arbitration battle with Exxon Mobil and CNOOC to be …

  • In the News

    Venezuela’s Oil Industry Gets a Boost as Chevron Restarts Drilling

    by Victor Adetimilehin April 2, 2024
    by Victor Adetimilehin April 2, 2024

    Venezuela’s oil industry is on the rise after Chevron restarted drilling operations. This follows the US easing sanctions on Venezuelan oil in October 2023. The new drilling program is expected …

  • In the News

    Chevron Blindsided by Exxon’s Arbitration Move in Guyana Oil Deal

    by Victor Adetimilehin March 20, 2024
    by Victor Adetimilehin March 20, 2024

    Chevron’s proposed $53 billion takeover of Hess Corporation’s stake in the lucrative Stabroek oil block has hit a major snag. Exxon Mobil, the current operator of the block, surprised everyone …

  • In the News

    Exxon Seeks Rights Over Hess’ Guyana Stake in $53 Billion Deal Dispute

    by Victor Adetimilehin March 19, 2024
    by Victor Adetimilehin March 19, 2024

    The dispute centers on a disagreement over the interpretation of a joint operating agreement governing the consortium responsible for Guyana’s oil production.

  • In the News

    Chevron’s $53B Bid for Hess Faces Hurdles from Exxon, Venezuela

    by Victor Adetimilehin March 10, 2024
    by Victor Adetimilehin March 10, 2024

    Chevron Corporation, the second-largest U.S. oil company, has made a bold move to acquire Hess Corporation, a rival oil producer with a stake in the lucrative Guyana offshore oil field. …

  • In the News

    Chevron’s Bid for Hess’s Guyana Oil Stake Challenged by Exxon

    by Victor Adetimilehin March 7, 2024
    by Victor Adetimilehin March 7, 2024

    Exxon claims right to match offer Exxon Mobil Corp has thrown a wrench into Chevron Corp’s plan to buy Hess Corp stake in the Stabroek offshore oil block in Guyana, …

  • In the News

    Exxon’s Bid to Block Chevron-Hess Deal Sparks Oil Drama

    by Victor Adetimilehin February 29, 2024
    by Victor Adetimilehin February 29, 2024

    The oil industry is witnessing a high-stakes drama as Exxon Mobil, the largest U.S. oil producer, tries to spoil Chevron’s acquisition of Hess, a smaller rival with a coveted position …

  • In the News

    Chevron Avoids Yemen Conflict by Shipping Oil Around Africa

    by Motoni Olodun January 31, 2024
    by Motoni Olodun January 31, 2024

    Chevron, one of the world’s largest oil companies, has changed its route for transporting oil from Kazakhstan to Asia, avoiding the Red Sea where Yemen’s Houthi rebels have stepped up …

  • Oil & Gas

    Chevron Seeks to Boost Nigeria’s Oil and Gas Potential in Meeting with President Tinubu

    by Motoni Olodun January 24, 2024
    by Motoni Olodun January 24, 2024

    Chevron, one of the world’s leading energy companies, has expressed its interest in partnering with Nigeria to unlock further oil and gas potential, tapping into the nation’s “tremendous human capacity”. …

  • In the News

    Chevron’s $4 Billion Loss: What It Means for the Future of Oil

    by Victor Adetimilehin January 3, 2024
    by Victor Adetimilehin January 3, 2024

    Chevron, one of the world’s largest oil and gas companies, announced on Tuesday that it expects to take a massive hit of up to $4 billion in the fourth quarter …

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