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Business, Fuel

Chevron to Buy Shale Driller PDC in $6.3 Billion Stock Deal

Chevron Corp. agreed to buy oil and gas producer PDC Energy Inc. in a $6.3 billion all-stock deal as it seeks to expand amid what may be a busy year of mergers and acquisitions in U.S. shale.

May 22, 2023
Business, Fuel

Despite Strike, Chevron to Continue Operating California Refinery

Chevron Corp. plans to operate its California refinery “normally” amid a worker strike that began just after midnight on March 21, potentially limiting the impact on gasoline prices in the state.

March 21, 2022
Business, Technology, Fuel

Chevron to Buy Renewable Energy Group for $3.1 Billion

Chevron Corp. agreed to buy green diesel producer Renewable Energy Group Inc. for $3.1 billion in the biggest low-carbon deal of CEO Mike Wirth’s four-year tenure.

February 28, 2022
Business, Fuel

Chevron Aims to Lower Emissions at Five US Well Sites

Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced” gas.

February 23, 2022
Business, Fuel

Profitable Exxon, Chevron Emerge as Global Economy Rebounds

ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.

October 29, 2021
Government, Business, Fuel

Chevron CEO Warns of High Energy Prices, Supply Crunches

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.

September 16, 2021
Business, Fuel

Chevron, Bunge Seek Soy Renewable Fuel Venture

Oil giant Chevron Corp. and oilseed-and-grain company Bunge Ltd. agreed to pursue a joint venture to build a “farmer to fueling station” supply chain to meet demand for less-polluting renewable fuels.

September 2, 2021
Business, Technology, Fuel

Chevron Expands RNG Push for Longhaul Trucks

Chevron Corp. and joint venture partner Brightmark, a waste solutions manager, will build an additional 10 facilities to produce dairy biomethane to fuel longhaul trucks.

August 24, 2021
Business, Technology, Fuel

Chevron, Cummins Look to Partner on Hydrogen

Chevron U.S.A. Inc., through its Chevron Products Co. division, and Cummins Inc. announced a memorandum of understanding to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources.

July 19, 2021
Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

October 7, 2020