Latest news and articles about Chevron from NEX English
Chevron Corp has announced a production decline of up to <strong>6%</strong> in the first quarter of <strong>2026</strong>, attributed to the impacts of the war in Iran. This announcement follows a similar disclosure from Exxon Mobil earlier this week.
Microsoft, Chevron, and Engine No. 1 have signed an exclusive agreement for energy generation and supply, aimed at meeting the growing needs of data centers. This agreement comes as tech companies seek to secure the necessary electricity supplies for advanced AI services.
A group of oil platforms off the coast of California has resumed crude oil sales, beginning shipments to a Chevron refinery near Los Angeles. This marks a significant return for the oil industry in the region after more than ten years of inactivity.
Chevron has announced its intention to buy crude oil shipments from offshore platforms near Santa Barbara, California, following the Trump administration's approval to resume production. This move marks a significant investment in the U.S. energy sector.
Chevron's CEO, Mike Wirth, stated that the oil futures market has not fully accounted for the negative effects of the partial closure of the Hormuz Strait. This remark was made during the SP Global conference in Houston, highlighting the lack of available information in the market.