Chevron Archives - Energy Analytics Institute (EAI)

Geopolitics loom large over Big Oil earnings as investors seek Venezuela details

HOUSTON, TEXAS (By Sheila Dang, Reuters , 29.Jan.2026, Words: 863) — Exxon Mobil and Chevron executives may face more questions about their investment opportunities in Venezuela than their […]

Guyana’s gas bottling and fertilizer plants central to cost-of-living strategy, says PM Phillips

GEORGETOWN, GUYANA (By DPI, 18.Jan.2026, Words: 435) — The proposed gas bottling and fertilizer plants in Wales are central to the government’s cost-of-living strategy, aimed […]

Guyana’s gas-to-energy project envisioned in 2 phases, according to PM Mark Phillips

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 18.Jan.2026, Words: 189) — Guyana’s gas-to-energy (GtE) project, which will source natural gas from the offshore Liza […]

Chevron’s 4 Venezuelan JVs producing 200,000 b/d, 22% of OPEC country’s total output

BOGOTÁ, COLOMBIA (By Pietro D. Pitts and Ana Sanches, Energy Analytics Institute, 10.Jan.2026, Words: 382) — Houston-based Chevron Corporation is currently contributing around 200,000 barrels […]

Venezuela producing 900,000 b/d, Chevron contributing 200,000 b/d: Guerra says

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 10.Jan.2026, Words: 190) — Venezuela, home to the world’s largest oil reserves, is producing around 900,000 barrels […]

Oil and gas investments could reach Venezuela in 3 waves

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 6.Jan.2026, Words: 201) — Under the right environment, 3 waves of investments could return to Venezuela and […]

EAI brief: Chevron said to have sent 11 oil tankers to Venezuela

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 6.Jan.2026, Words: 188) — Houston-based oil company Chevron Corporation, the only authorized exporter of Venezuelan crude oil, […]

EAI brief: US energy stocks from Exxon to Chevron rise on Venezuelan oil sector prospects

ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 6.Jan.2026, Words: 181) — Select US energy stocks were on the front foot on major stock exchanges on […]

US oil companies gain after Trump signals access to Venezuela’s reserves

WASHINGTON, DC (By Arunima Kumar, Reuters, 5.Jan.2026, Words: 350) — U.S. oil companies’ shares jumped on Monday, fueled by the prospect of access to Venezuela’s vast […]

Frontera inks new $120mn prepayment and commercial deal with Chevron

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 29.Dec.2025, Words: 170) — Frontera Energy Corporation‘s Colombian subsidiary entered into a $120mn prepayment and commercial agreement […]

Venezuela forced to double discount on oil to Asia due to flood of sanctioned crude

HOUSTON/SINGAPORE (By Reuters, Marianna Parraga and Chen Aizhu, 10.Dec.2025, Words: 726) — Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a […]

Reuters: Venezuela’s oil exports surpass 900,000 b/d despite US pressure, data shows

HOUSTON, TEXAS (By Marianna Parraga, Reuters, 3.Dec.2025, Words: 341) — Venezuela’s oil exports rose slightly to some 921,000 barrels per day (bpd) in November, the […]

EAI brief: Guyana is key growth asset for Chevron, Morgan Stanley says

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 13.Nov.2025, Words: 115) — Post closing of the Hess Corporation deal, Guyana is a key growth asset for Chevron […]

Staatsolie inks contracts with Petronas and Chevron, advances “Suriname 3.0”

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 5.Nov.2025, Words: 515) — Staatsolie Maatschappij Suriname N.V. signed production sharing contracts (PSCs) for offshore Blocks 9 […]

Exxon eyes Guyana production surpassing 900,000 boe/d with Yellowtail

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Oct.2025, Words: 253) — ExxonMobil Corporation’s Yellowtail project offshore Guyana was brought online in the third quarter […]

Chevron Corp. says fire at El Segundo refinery is now out

EL SEGUNDO, CALIFORNIA (By Chevron, 3.Oct.2025, Words: 176) — On Thursday, 2 Oct. 2025, at approximately 9:30pm, a fire occurred at the Chevron Corporation El Segundo […]

Chevron supports Trump’s efforts to assist Argentina, eyes further investments

SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 24.Sep.2025, Words: 172) — US-based Chevron Corporation applauds the administration of US president Donald Trump […]

ExxonMobil Guyana expands capacity with $6.8bn offshore development Hammerhead

SPRING, TEXAS (By ExxonMobil, 22.Sep.2025, Words: 312) — ExxonMobil has made a final investment decision (FID) for the Hammerhead development offshore Guyana, after receiving the […]

Chevron and Westlawn incorporated into Trujillo basin contracts offshore Peru

BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 21.Aug.2025, Words: 277) — Peru’s executive branch approved the modification of the license contracts for the exploration […]

Chevron-chartered tanker docks at Venezuela to load oil after new US license

HOUSTON, TEXAS (By Reuters, Marianna Parraga and Arathy Somasekhar, 12.Aug.2025, Words: 252) — A Chevron-chartered tanker docked at Venezuelan state company PDVSA‘s Jose terminal on […]

Chevron reports 2Q:25 results, updates on Hess deal [pdf downloads]

HOUSTON, TEXAS (By Chevron, 1.Aug.2025, Words: 168) — Chevron Corporation reported earnings of $2.5 billion ($1.45 per share – diluted) for second quarter 2025, compared […]

Chevron’s CEO Mike Wirth expects limited oil flows from Venezuela to the US

HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 1.Aug.2025, Words: 314) — Chevron Corporation CEO Mike Wirth said recent changes will limit the amount of […]

Triple-frac extraction technique saves time and money in the Permian

HOUSTON, TEXAS (By Chevron, 29.Jul.2025, Words: 196) — After the oil and gas industry began using hydraulic fracturing in shale plays, it took less than […]

White House gives Chevron green light to resume oil production in Venezuela: Politico

WASHINGTON, DC (By Politico, Ben Lefebvre and Isa Domínguez, 28.Jul.2025, Words: 167) — The Trump administration will allow U.S. energy giant Chevron to resume production […]

Chevron to transfer interest in Hess Toy Truck LLC in Apr. 2026

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 28.Jul.2025, Words: 533) — Effective as of 1 Apr. 2026, Chevron USA is expected to cause the […]

John B. Hess appointed to Chevron Corporation board

ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 28.Jul.2025, Words: 342) — The board of directors of Chevron Corporation appointed John B. Hess as a […]

Maduro says Venezuela does not need licenses to produce oil

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 25.Jul.2025, Words: 192) — Venezuela’s president Nicolás Maduro Moros said his country does not need a […]

EAI brief: Washington to allow Chevron to continue work in Venezuela, WSJ says

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 24.Jul.2025, Words: 118) — The administration of US president Donald Trump has reversed course and will now […]

EAI brief: Stabroek Petroleum Agreement v. IFRS

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 24.Jul.2025, Words: 91) — The prolific Stabroek block offshore Guyana just welcomed in a new player: […]

Trump quietly renews Chevron’s license in Venezuela, marking shift in US policy

MIAMI, FLORIDA (By Antonio Maria Delgado, Miami Herald, 24.Jul.2025, Words: 1,030) — In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly […]

Chevron seals Hess deal as ExxonMobil’s Guyana challenge fails

(By Nilanjan Choudhury, Zacks, 21.Jul.2025, Words: 407) — Chevron Corporation (CVX) has finally completed its big purchase of Hess Corporation, a deal that was held up […]

Chevron completes $53bn acquisition of Hess Corporation, eyes Guyana production growth

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 18.Jul.2025, Words: 722) — Chevron Corporation has finally completed its acquisition of Hess Corporation following the […]

EAI brief: arbitrators in Exxon v Hess fight reach decision on Chevron’s $53bn merger

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 3.Jul.2025, Words: 215) — Chevron Corporation seems 1 step closer to pushing its proposed $53bn acquisition […]

Venezuela’s oil exports on the rise as more cargoes head to China

(Reuters, 2.Jul.2025, Words: 350) — Venezuela exported some 844,000 barrels per day (bpd) of crude and fuel in June, an 8% increase from the previous […]

Energy Transfer inks incremental SPA with Chevron for 1 MTPA for Lake Charles LNG facility

HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 25.Jun.2025, Words: 305) — Energy Transfer LNG Export, LLC, a subsidiary of Dallas-based Energy Transfer LP, signed a […]

TotalEnergies enters 40 Chevron-operated exploration blocks offshore the US

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 16.Jun.2025, Words: 238) — TotalEnergies acquired a 25% working interest in a portfolio of exploration leases offshore […]

Venezuela lays foundation to boost petrol to $0.75/lt from $0.50/lt, Bloomberg Línea says

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 8.Jun.2025, Words: 136) — The government of Venezuela’s president Nicolás Maduro is laying the foundations to implement […]

Venezuela’s ‘Black Gold’: 4 original upgraders Sincor, Petrozuata, Cerro Negro and Hamaca

PANAMA CITY, PANAMA / HOUSTON, TEXAS (Editors at Energy Analytics Institute, 8.Jun.2025, Words: 1,143) — Venezuela is blessed with numerous heavy-oil reservoirs, but none compares […]

IOCs built 4 upgraders in Venezuela in the 1990s, only PetroPiar continues to produce

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 4.Jun.2025, Words: 343) — In the 1990s, international oil companies (IOCs) from Chevron Corporation and ExxonMobil […]

Venezuela’s oil exports stable as buyers in China receive more

(Reuters, 3.Jun.2025, Words: 473) — Venezuela’s oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized […]

Maduro says Venezuela producing 1.1 MMb/d amid unilateral coercive measures

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 2.Jun.2025, Words: 211) — Venezuela’s president Nicolás Maduro said his country was on average producing close to […]

Maduro activates monitoring room to over see Venezuela’s hydrocarbon sector

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 30.May.2025, Words: 255) — Venezuela’s president Nicolás Maduro activated a new situational control and monitoring room within […]

Chevron confirms expiration of GL 41B that impacts operations in Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.May.2025, Words: 246) — Chevron Corporation confirmed expiration of General License 41B (GL41B), issued by the US […]

Chevron confirms 3 dead in Angola after BBLT incident

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 29.May.2025, Words: 499) — Chevron Corporation confirmed the death of a third contractor as a result of the […]

Trump, OFAC and Chevron’s “secret” license to operate in Venezuela

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 28.May.2025, Words: 274) — The administration of US president Donald Trump has authorized Chevron Corporation to continue […]

US grants Chevron narrow authorization to keep assets in Venezuela, sources say

(Reuters, 27.May.2025) — The Trump administration has issued a narrow authorization for U.S. oil producer Chevron to keep assets in Venezuela, including its stakes in oil […]

US plans Chevron license for minimum maintenance in Venezuela, Bloomberg reports

BENGALURU, INDIA (Reuters, 23.May.2025, Words: 215) — U.S. President Donald Trump’s administration is preparing to issue a narrowly tailored license to Chevron, allowing the company […]

Marco Rubio says Chevron license in Venezuela to expire on 27 May 2025

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 21.May.2025, Words: 92) — US Secretary of State Marco Rubio downplayed rumors that the US would extend a […]

Datanalisis’ Vicente Leon comments on Washington-Caracas talks, Chevron wind-down

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.May.2025, Words: 280) — Datanalisis president Luis Vicente León said it was unclear when oil licenses […]

US set to extend Chevron’s lifeline in Venezuela another 60 days amid negotiations

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 20.May.2025, Words: 209) — Chevron Corporation, which has operated in Venezuela for the greater part of […]