CVX Stock Recent News

Chevron paid $11.3 billion in dividends during 2023. The oil giant increased its dividend per share by 8% in early 2024.

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Namibia's national oil company has signed a development deal with Chevron that will see the U.S. oil major take an 80% operating working interest in an offshore block in the Walvis Basin, it said on Monday.

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Chevron delivered strong U.S. production growth. It continues to return significant cash to shareholders.

This earnings season has started out a little erratic, thanks to unusual Wall Street behavior after big tech companies released their earnings reports. Case in point: Netflix, Inc. ( NFLX ) and Tesla, Inc. ( TSLA ).

Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp 's $53 billion buyout offer, the company said in a securities filing on Friday.

Chevron Corporation (NYSE:CVX ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Corporate Participants Jake Spiering - General Manager, IR Mike Wirth - Chairman and Chief Executive Officer Eimear Bonner - Vice President and Chief Financial Officer Conference Call Participants Sam Margolin - Wolfe Research Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Betty Jiang - Barclays Josh Silverstein - UBS Biraj Borkhataria - RBC Nitin Kumar - Mizuho Jason Gabelman - TD Cowen Bob Brackett - Bernstein Research Roger Read - Wells Fargo Lloyd Byrne - Jefferies Devin McDermott - Morgan Stanley Ryan Todd - Piper Sandler John Royall - JPMorgan Alastair Syme - Citi Neal Dingmann - Truist Operator Good morning. My name is Katie, and I will be your conference facilitator today.

Shares of Exxon Mobil (XOM) and Chevron (CVX) are trading lower on Friday as both companies revealed a dip in first quarter revenue compared to the same period last year. However, both companies beat Wall Street revenue expectations for the quarter.

Major oil producers Chevron Corporation (NYSE:CVX, ETR:CHV), Exxon Mobil Corp (NYSE:XOM, ETR:XONA), and Phillips 66 (NYSE:PSX) all moved lower in early trade on Friday after reporting a drop in profits for the first quarter. Profits took a hit from lower refining margins, which have continued to decline from their peak after Russia's invasion of Ukraine in 2022, and lower natural gas prices, partially offset by higher volumes.