Trends - Chevron Corp - Business Recorder

Chevron Corp

Chevron annual profit doubles to record $36.5bn, but misses estimates

HOUSTON: Chevron Corp. on Friday posted a record $36.5 billion profit for 2022 that was more than double...

Published 27 Jan, 2023 06:17pm

Markets

Chevron pledges $75bn for share buybacks as cash grows

Chevron Corp on Wednesday said it would triple its budget for share buybacks to $75 billion, the oil industry’s most...

Published 26 Jan, 2023 10:30am

Markets

Chevron sending two oil tankers to Venezuela under US approval

HOUSTON: US oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo...

Published 02 Jan, 2023 05:54am

Markets

Gasoil margins, premiums fall

SINGAPORE: Asia’s 10 ppm sulphur gasoil margins and premiums extended losses on Tuesday as oil futures surged at a...

Published 30 Nov, 2022 05:53am

Markets

Biden, ‘outraged’ by oil company profits

WASHINGTON: US President Joe Biden, who has expressed outrage at oil companies making record profits while Americans...

Published 01 Nov, 2022 05:55am

Markets

Oil falls on China COVID curbs and weak factory data

LONDON: Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that...

Updated 31 Oct, 2022 07:04pm

Markets

Wall Street Week Ahead: As US markets churn, some stick with rare 2022 winner: energy shares

NEW YORK: Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their...

Published 17 Oct, 2022 05:57am

Markets

Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

The slide in U.S. stock prices punished Berkshire Hathaway Inc's bottom line in the second quarter, as the...

Published 08 Aug, 2022 01:19am

Business & Finance

US majors Exxon, Chevron post blowout earnings, ramp up buybacks

NEW YORK: The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday,...

Published 30 Jul, 2022 03:39am

Business & Finance

Chevron says 'can do it all', after record profit and buyback lift

HOUSTON: Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high...

Published 29 Jul, 2022 10:43pm

Markets

Restricting US fuel exports would be ‘unwise’, says Chevron CEO

HOUSTON: Chevron Corp Chief Executive Michael Wirth said on Wednesday he expected oil and motor fuel prices to stay...

Published 02 Jun, 2022 06:19am

Markets

Oil jumps to 7-wk high, then dips on hopes for Venezuela supply

NEW YORK: Oil prices jumped over $115 a barrel on Tuesday, their highest in about seven weeks, as the European Union...

Published 18 May, 2022 05:54am

Markets

Berkshire bought $51bn stock

OMAHA: Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than...

Published 01 May, 2022 05:11am

Markets

Wall Street slips on global slowdown worries

NEW YORK: US stock indexes fell on Monday, extending a sharp selloff from last week as fears over China’s COVID-19...

Published 26 Apr, 2022 05:20am

Markets

Wall Street surges in broad rally as oil prices slide; Fed in focus

NEW YORK: Wall Street’s main indexes climbed on Tuesday as oil prices extended declines and data showed a...

Published 16 Mar, 2022 05:40am

Markets

Wall Street retreats as Ukraine crisis hammers financial stocks

NEW YORK: Wall Street’s main indexes slipped on Tuesday with financial stocks bearing the brunt for a second...

Published 02 Mar, 2022 04:35am

World

US weighs Chevron request to take Venezuela oil for debt payments

WASHINGTON: The Biden administration is considering a Chevron Corp proposal to allow the US oil major to accept and...

Published 08 Feb, 2022 06:10am

Markets

Duterte defends $565m gas deal after senate endorses complaint

MANILA: Philippines President Rodrigo Duterte on Friday defended the sale of an oil and gas concession to a firm...

Published 05 Feb, 2022 05:47am

Markets

S&P 500 flirts with correction for fifth time on rate hike worries

NEW YORK: The S&P 500 index was closing in on a correction on Friday for the fifth time this week on worries...

Published 29 Jan, 2022 06:05am

Markets

Australia's Woodside joins Myanmar retreat, flags profit hit

Woodside Petroleum Ltd joined on Thursday multinational oil majors Chevron Corp and TotalEnergies in their plans to...

Published 27 Jan, 2022 11:39am

Markets

Chevron says production continues at Kazakhstan oil venture

LONDON: Oil production at Chevron's Tengizchevroil (TCO) venture in Kazakhstan has continued even as some ...

Published 06 Jan, 2022 05:40pm

Business & Finance

Chevron posts highest profit in 8 years on surging oil, gas prices

HOUSTON: Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices,...

Published 29 Oct, 2021 05:40pm

Business & Finance

Chevron triples low-carbon investment, pledges $10 billion through 2028

"With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy back shares and invest in lower carbon businesses," Chief Executive Michael Wirth says

Published 14 Sep, 2021 04:49pm

Markets

S&P 500, Nasdaq hit record highs on boost from tech, oil stocks

Netflix Inc rose 2.2pc to an all-time high, while Apple Inc and Amazon.com Inc added between 0.5pc and 0.7pc, driving gains on the tech-heavy Nasdaq

Updated 02 Sep, 2021 10:20pm

Business & Finance

Chevron profit drops on weaker refining margins, storm hit

Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.

Published 30 Apr, 2021 06:48pm

World

Oil companies defeat New York City appeal over global warming

The 2nd US Circuit Court of Appeals in Manhattan ruled in favor of BP Plc, Chevron Corp, ConocoPhillips , Exxon Mobil Corp and Royal Dutch Shell Plc , rejecting the city's efforts to sue under state law for trespass and creating a nuisance.

Published 01 Apr, 2021 07:28pm

Markets

Exxon, Chevron take a slow walk on the path to US shale recovery

"We would need three months of oil prices sustained at current levels followed by six months of drilling activity before production begins to climb higher on a sustained basis," said Peter McNally at Third Bridge.

Published 29 Mar, 2021 11:33am

Business & Finance

Chevron sticks to lower spending in higher investor returns pitch

Falling energy demand due to pandemic lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016.
Chevron's 2020 output was around 2.98 million barrels of oil and gas per day, and an investor presentation showed the company increasing output through 2025 though no numbers were given.

Updated 09 Mar, 2021 09:33pm

Business & Finance

Chevron to buy out Noble Midstream in all-stock $1.32bn deal

Noble Midstream's unitholders will get 0.1393 Chevron shares for each unit held under the new agreement, Chevron said.
Chevron's shares were up 2.4% at $107.39 in pre-market trading on Friday, boosting the deal value to about $14.96 per Noble Midstream share. The pipeline operator's units were down marginally at $15.

Published 05 Mar, 2021 06:31pm

Business & Finance

Exxon adds activist Jeff Ubben, ex-Comcast CFO to board

Exxon's shares, which have lagged closest rival Chevron Corp by a long margin in the last five years, rose 4% in premarket trading to $56.55.
After Ubben and Angelakis' appointment, Exxon said its board now has 13 directors, 12 of whom are independent.

Published 01 Mar, 2021 08:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Petrol/Litre / May 13	252.63
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Diesel/Litre / May 13	256.64
Cotton US¢/pound / May 13	66.85

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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Chevron Corp

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