Chevron more bearish on oil prices than LNG
Chevron expects oil prices to face more downward pressure than LNG in 2026. Though markets are adjusting to a wave of new liquefaction capacity, Chevron CEO Mike Wirth is convinced that “LNG has stronger fundamentals [than oil].”
ExxonMobil and Chevron profits hit by lower natural gas prices as takeover deals progress amid Guyana dispute
ExxonMobil Corp. and Chevron Corp. reported first-quarter declines in profits and revenues on lower natural gas prices while both are advancing with their major takeover transactions amid a pre-emption dispute over key assets in the new South American oil and gas hub of Guyana.
US majors ExxonMobil and Chevron return second-best performances in 10 years boosted by Permian and LNG
US majors ExxonMobil Corp. and Chevron Corp. recorded their second-largest annual profits in 10 years as oil and natural gas production increased and Chevron shipped record LNG cargoes from Australia even amid work stoppages.
Latest mega-deal in US oil and gas sees Chevron agreeing to take over Hess Corp. in $53Bln transaction
Chevron Corp. has agreed to acquire US energy company Hess Corp in an all-stock transaction valued at $53 billion and is the second huge American merger and acquisitions deal in October 2023 after ExxonMobil’s agreement to acquire Texas-based Pioneer Natural Resources for $59.5Bln with both takeovers having a focus on US shale oil and gas assets.
Australian mediators start talks to avoid shutdown of 25 MTPA of exports from Gorgon and Wheatstone LNG
The Australian Fair Work Commission (FWC), a government-sponsored mediation service in disputes between labor unions and management, has begun talks to avoid the shutdown of the Gorgon and Wheatstone liquefied natural gas export plants in Western Australia with a combined 25 million tonnes per annum of output.
Chevron says Mike Wirth to stay as CEO as Permian Basin output hits record and solid LNG performance expected
Chevron Corp., the oil and gas major and leading LNG producer, said the mandatory retirement age for President and Chief Executive Mike Wirth had been waived by the company and he would be staying on as Chevron also provided a preview of likely second-quarter earnings.
US energy M&A gathers pace with Chevron agreeing $6.3Bln all-share deal for Permian and DJ Basins asset owner
Chevron Corp. has agreed to acquire Nasdaq-listed PDC Energy in an all-stock transaction valued at $6.3 billion and boosting the US major’s holdings in US strategic basins such as the Permian.
Chevron CEO outlines Australian LNG maintenance plans and expansions in East Med and Equatorial Guinea
Chevron Corp., the leading LNG production company with operated plants from Australia to Angola, reported 5 percent higher first-quarter earnings, rising to $6.57 billion and noted that planned LNG maintenance was scheduled in the second quarter.
CERAWeek warned on ‘chaotic’ energy transition and need for more US pipeline and oil investment
CERAWeek, the five-day conference taking place in Houston and attended by around 5,500 delegates including leading LNG sector executives as well as politicians and officials, had a successful start discussing the “turbulent” world and energy markets and with one of the first speakers stressing that the energy transition must be an orderly process.
Leading oil and gas and LNG executives gather for start of CERAWeek conference in Houston
One of the world’s leading annual energy conferences, CERAWeek, was scheduled to begin in Houston on March 6 and will continue through March 10 with thousands of industry executives and politicians attending to consider the current turbulent global market.
