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As of 12:07 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

chevron corp (CVX) Key Developments

Chevron Corp.'s Appalachian/Michigan Division Cuts an Estimated 162 Jobs as Part of its Restructuring

Chevron Corp.'s Appalachian/Michigan division is cutting an estimated 162 jobs as part of its restructuring announced in November. The Appalachia business unit has about 700 employees in Pennsylvania.

Chevron Signs Gas Supply Deal with South Korean Industrial Conglomerate

Chevron has announced it has signed a gas supply deal with a South Korean industrial conglomerate. The five-year agreement, which commences in 2017, will see the US oil and gas giant supply 4.15 million tonnes of liquefied natural gas (LNG) from its Gorgon project, on Barrow Island off Western Australia's Pilbara coast.

Chevron Corporation Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year. The Anchor well was drilled by Pacific Drilling's Pacific Santa Ana drillship. The Green Canyon Block 807 Well No. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands.

Chevron Corporation Amends II Section 3 of By-Laws

On December 10, 2014, the Board of Directors amended Article II Section 3 of Chevron Corporation's By-Laws, effective December 10, 2014, to clarify that the Chairman of the Board shall be elected each year by the independent members of the Board at the Board meeting held immediately following the annual meeting of stockholders.

Chevron Corporation Appoints Alexander B. Cummings Jr. to its Board of Directors

Chevron Corporation announced that appointment of Alexander B. Cummings Jr. as a board of directors, and he will serve on the company’s Audit Committee. In 2000, he was named president of the company’s North & West Africa Division, and, in March 2001, he became president and chief operating officer of the Africa Group. Prior to joining Coca-Cola, he held several positions for The Pillsbury Company. He currently serves on the board of directors of Coca-Cola Bottling Co. Consolidated; S.C. Johnson & Son Inc.; the African Leadership Foundation; CARE USA; and Clark Atlanta University.


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