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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 / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Karachi Cotton PKR/37.32 KG / Apr 30	20000
Gold 10 Grams PKR / Apr 30	207390
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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