ChevronCVX
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Chevron appoints Jeff Gustavson as CFO amid leadership reshuffle
Chevron has announced the appointment of Jeff Gustavson as Chief Financial Officer, effective January 1, 2027, as part of a broader leadership restructuring. Eimear Bonner will transition to lead the Oil, Products & Gas business, while Chevron plans to expand its New Energies unit. Additionally, Chevron-affiliated directors are set to resign from the Hess Midstream board, with new independent directors to be added.
Previous briefings
Chevron's stock price rises 3.1% amid Middle East supply concerns
Chevron's stock price increased by 3.1% to approximately $211.56, driven by crude oil prices surpassing $92.60 due to Middle East supply concerns. Analyst sentiment remains favorable, with UBS raising its price target to $235 and MarketBeat's consensus rating at "Moderate Buy." Additionally, Chevron's restructuring of its Hess Midstream relationship is expected to reduce Bakken midstream costs by about 50%, enhancing future earnings and return on capital employed.
Chevron to divest Hess Midstream and DJ Basin assets, aiming for 50% cost reduction
Chevron announced plans to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets. This strategic move is expected to reduce Bakken unit midstream costs by approximately 50%, enhancing future earnings and return on capital employed. The transaction is anticipated to close by year-end 2026.
Chevron to divest Hess Midstream and DJ Basin assets, reducing Bakken costs by 50%
Chevron announced plans to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets. This strategic move is expected to reduce Bakken unit midstream costs by approximately 50%, enhancing future earnings and return on capital employed. The transaction is anticipated to close by year-end 2026.
Chevron shuts Gulf platforms, evacuates staff as Hurricane Isaias nears
Chevron has temporarily halted operations and evacuated personnel from its Gulf of Mexico platforms in anticipation of Hurricane Isaias. This precautionary measure aims to ensure the safety of staff and protect assets from potential storm damage.
Chevron to divest Hess Midstream and DJ Basin assets, expects $3–$4 billion loss
Chevron announced plans to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets. In exchange, the company will receive improved Bakken midstream contract terms and $200 million in cash. This transaction is expected to result in a one-time after-tax loss of approximately $3 to $4 billion upon closing.
Chevron's stock rises 3.1% to $211.56 amid Middle East tensions and analyst upgrades.
Chevron's stock price increased by 3.1% to $211.56, driven by rising crude oil prices above $92.60 due to Middle East supply concerns. Analyst sentiment remains favorable, with UBS raising its price target to $235 and MarketBeat's consensus rating at 'Moderate Buy.' Additionally, Chevron's restructuring of its Hess Midstream relationship is expected to reduce Bakken midstream costs by about 50%, enhancing future earnings and return on capital employed.
Chevron to divest Hess Midstream stake, potentially impacting Bakken cost structure.
Chevron has agreed to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets to Hess Midstream LP. This move aims to restructure Bakken midstream contracts, potentially reducing Chevron's Bakken unit midstream costs by approximately 50%. The transaction is expected to close by year-end 2026.
Chevron to divest Hess Midstream and DJ Basin assets, expects $3–$4 billion loss
Chevron announced plans to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets, aiming to reduce Bakken unit midstream costs by approximately 50%. The company anticipates a one-time after-tax loss of $3 to $4 billion upon closing the transaction, expected by year-end 2026.
Chevron announces senior leadership changes effective January 1, 2027.
Chevron Corporation has announced several senior leadership changes, effective January 1, 2027. Jeff Gustavson will transition from President of New Energies to Chief Financial Officer, while Eimear Bonner will move from CFO to President of Oil, Products & Gas. Mark Nelson will remain Vice Chairman, overseeing Strategy and Business Development, and Brent Gros will shift from President of Offshore to President of New Energies, also overseeing Chevron’s AI strategy.
Chevron's stock price declines 0.20% to $206.69 amid market volatility.
In the past 24 hours, Chevron's stock price decreased by 0.20%, closing at $206.69. This slight decline occurred amid broader market fluctuations, with the S&P 500 gaining 0.7% and the Nasdaq rising by 1.2%. Notably, recent articles from the Motley Fool and Insider Monkey have highlighted Chevron's strategic investments in less conventional markets and its strong dividend yield, which may influence investor sentiment.
Chevron's stock price declines 0.15% to $206.69 amid mixed market sentiment.
In the past 24 hours, Chevron's stock price experienced a slight decline of 0.15%, closing at $206.69. This movement reflects a balance between positive developments, such as the company's plans to invest over $7 billion in Venezuela to boost production, and concerns over geopolitical and operational risks associated with these investments.
Chevron's stock remains steady at $206.69 amid strategic LNG expansion and dividend growth.
In the past 24 hours, Chevron's stock price has remained relatively unchanged, closing at $206.69 on October 2, 2026. The company continues to focus on expanding its liquefied natural gas (LNG) operations and has announced a 4% increase in its quarterly dividend, marking 39 consecutive years of dividend growth. These developments reflect Chevron's ongoing commitment to enhancing shareholder value and strengthening its position in the global energy market.
Chevron CEO warns of potential oil price increases due to depleted global buffers
Chevron CEO Mike Wirth has cautioned that the depletion of global oil stockpiles, which previously helped limit price increases, could lead to higher crude prices in the coming months. This warning comes amid ongoing geopolitical tensions and supply constraints affecting the energy market.
Chevron's stock declines 1% amid strategic agreements and analyst outlook
In the past 24 hours, Chevron's stock experienced a 1% decline, closing at approximately $204.29. This movement coincided with the announcement of strategic agreements in Vietnam and the Mediterranean, which could bolster long-term growth. Analysts maintain a 'Moderate Buy' consensus rating, with an average price target of $210.87.
Chevron's stock declines 0.58% to $204.45 amid market volatility and analyst updates.
In the past 24 hours, Chevron's stock experienced a slight decline of 0.58%, closing at $204.45. This movement occurred amid broader market fluctuations and recent analyst evaluations.
Chevron CEO warns of potential oil price increases due to depleted stockpiles
Chevron CEO Mike Wirth stated that the depletion of oil stockpiles, which had previously limited price increases during the Iran conflict, could lead to higher oil prices in the coming months. He noted that the release of these buffers has made it more challenging to envision a scenario where prices soften quickly.
Chevron's stock price declined by 2.9% to $211.40 on September 16, 2026.
Chevron's stock experienced a 2.9% decline to $211.40 on September 16, 2026, following a recent rally and 52-week high. This downturn may reflect profit-taking and concerns over geopolitical and operational risks.
Chevron's stock hits 52-week high of $217.78 amid strong Q2 earnings and oil prices.
In the past 24 hours, Chevron's stock reached a 52-week high of $217.78, driven by robust Q2 earnings and rising oil prices. The company reported a 51.4% increase in adjusted EPS to $6.06, with revenue rising 20% year-over-year to $67.20 billion. Additionally, Chevron announced a $7 billion investment plan to double its Venezuelan production to 600,000 barrels per day within five years.
Chevron's stock rises 2.6% amid Middle East tensions and rising oil prices.
Chevron's stock price increased by 2.6% on September 15, 2026, closing at $215.28. This surge was driven by escalating Middle East tensions and a significant rise in oil prices, with West Texas Intermediate crude reaching $105.84 per barrel. Analysts now anticipate a 94.5% chance of a 25-basis-point rate cut by the Federal Reserve.
Chevron's CEO warns of potential oil price increases due to depleted reserves
In a recent statement, Chevron CEO Mike Wirth highlighted that the depletion of strategic oil reserves, which had previously helped stabilize prices during the Iran conflict, could lead to higher oil prices in the coming months. He noted that these reserves have been 'played out,' making it challenging to envision a scenario where prices would soften quickly.
Chevron's CEO warns of potential oil price increases due to depleted stockpiles
In a recent statement, Chevron CEO Mike Wirth highlighted that the depletion of oil stockpiles, which had previously helped stabilize prices during the Iran conflict, could lead to higher oil prices in the coming months. He noted that the release of these reserves has been 'played out,' making it challenging to envision scenarios where prices would soften quickly. Wirth emphasized that the risks remain to the upside over the next few months.
Chevron's stock drops 2.30% to $212.76 amid LNG portfolio contract news
In the past 24 hours, Chevron's stock declined by 2.30% to $212.76 following news that purchased Gulf Coast supply now constitutes one-fifth of its LNG portfolio. This development has raised concerns among investors about the company's capital-intensive expansion projects across multiple regions.
Chevron CEO warns of potential oil price increases due to depleted reserves.
Chevron's CEO, Mike Wirth, highlighted concerns over dwindling global oil supplies, stating that previously available stockpiles have been exhausted, which could lead to higher oil prices in the coming months. This announcement has raised apprehensions about potential cost increases for consumers and businesses.
Chevron's stock drops 2.6% amid LNG contract developments
In the past 24 hours, Chevron's stock declined by 2.6%, closing at $211.54. This downturn is attributed to the company's recent LNG contract developments, which have raised concerns among investors.
Chevron targets Argentina and Mediterranean for global LNG expansion amid Middle East tensions.
Chevron is exploring opportunities in Argentina and the Mediterranean to expand its liquefied natural gas (LNG) portfolio, aiming to meet increasing global demand driven by energy security concerns amid Middle East tensions. This strategic move reflects Chevron's proactive approach to diversifying its energy assets in response to evolving market dynamics.
Chevron CEO Mike Wirth warns oil price buffers are depleted, crude prices likely to rise.
Chevron's CEO, Mike Wirth, stated that the mechanisms preventing further oil price increases have been exhausted, suggesting that crude prices are more likely to rise than fall in the coming months. This outlook is influenced by the ongoing Iran conflict and its impact on global oil supply.
Chevron CEO warns of higher oil prices due to depleted supply buffers
Chevron CEO Mike Wirth stated that the oil market's early buffers have been exhausted, increasing the risk of higher prices due to the ongoing Iran conflict. This depletion of supply buffers could lead to further price increases in the coming months.
Chevron's stock rises 1.9% to $213.69 amid Venezuela expansion plans
In the past 24 hours, Chevron's stock price increased by 1.9% to $213.69, driven by the company's announcement of a $7 billion investment in Venezuela over the next five years. This initiative aims to double production to approximately 600,000 barrels per day, potentially enhancing Chevron's long-term growth prospects. However, analysts caution that political and regulatory challenges could delay achieving this target until 2031.
Chevron's stock rises 1.5% to $213 as Brent crude surpasses $100
Chevron's stock price increased by 1.5% to $213, driven by Brent crude oil prices exceeding $100 per barrel due to escalating Middle East tensions. This surge aligns with Chevron's strong second-quarter performance, including a 20% increase in production and a $8.4 billion debt reduction.
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