Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $96.47 USD
Change Today -0.22 / -0.23%
Volume 9.9M
CVX On Other Exchanges
Symbol
Exchange
New York
EN Amsterdam
Mexico
Sao Paulo
Frankfurt
Bogota
As of 4:15 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

chevron corp (CVX) Key Developments

BP Bids For US Penn Virginia

BP p.l.c. (LSE:BP.) has made a bid to acquire Penn Virginia Corporation (NYSE:PVA), it has emerged. BP has offered $8 a share for Penn Virginia, which drills for oil in Texas and elsewhere in the US, and has a market capitalization of about $319.2 million, according to people familiar with the matter. Penn is understood to have rejected the offer because it believes the terms offered undervalue the company, and is holding out for at least $10 a share. It is believed rivals to BP such as Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) may also be interested in buying Penn Virginia.

Chevron To Reportedly Sell Two More Oil Blocks

Chevron Corporation (NYSE:CVX) unfolded its plan to offer two more oil blocks to prospective investors, This Day has learnt. Chevron plans to divest 40% from Oil Mining Leases 86 and 88, both located in shallow waters off Bayelsa State. Chevron's Manager, Policy, Government and Public Affairs, Deji Haastrup, did not respond to text messages and calls when contacted to confirm the latest planned assets sale.

Chevron Reportedly To Sell Caltex Assets; Z Energy Interested

Chevron Corporation (NYSE:CVX) is understood to be selling its Caltex New Zealand service station assets after the sale of its stake in the Marsden Point refinery. Z Energy Limited (NZSE:ZEL) is also believed to be interested in acquiring the assets. Chevron spokesman said the company did not comment on speculation while Z Energy's spokesman, Jonathan Hill, said the rumors were "nothing new", particularly given Chevron's recent exit from Caltex Australia, The New Zealand Herald added.

Seven Energy Seeks To Enter Partnerships

Seven Energy International Limited may seek to enter partnerships with other companies to expand gas production to meet rising demand from power plants and industries in Africa's largest economy. "The company has had a few discussions with indigenous companies," Chief Operating Officer Jeff Corey said on May 22, 2015. Royal Dutch Shell plc (ENXTAM:RDSA), Chevron Corporation (NYSE:CVX), TOTAL S.A. (ENXTPA:FP) and Eni SpA (BIT:ENI) are among those divesting interests in onshore and shallow water oil fields plagued by unrest, violence and theft in the Niger River delta.

Another Key Funder of Fraudulent Ecuador Litigation against Chevron Withdraws Support

Chevron Corporation has reached a settlement agreement with Woodsford Litigation Funding Limited, a litigation funder that provided $2.5 million in funding to the fraudulent lawsuit against Chevron in Ecuador. Chevron brought conspiracy claims against Woodsford in Gibraltar for the company's role in funding and advancing the fraudulent lawsuit. In the settlement Woodsford has resolved those claims by withdrawing all financial support related to the Ecuador litigation and assigning all of its interest in the litigation to Chevron. Chevron, in turn, has agreed to release all of its claims against Woodsford and Woodsford's Gibraltar-based funding entity, Temeraire Limited. Woodsford began funding the fraudulent lawsuit in March 2013. A year later, on March 4, 2014, Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York ruled that the $9.5 billion judgment against Chevron in Ecuador was the product of fraud and racketeering activity, finding it unenforceable in the United States and holding Steven Donziger, the lead lawyer behind the lawsuit, liable for RICO violations.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CVX:US $96.47 USD -0.22

CVX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BP PLC 420.15 GBp -7.40
Eni SpA €15.92 EUR -0.18
Siemens AG €90.64 EUR -0.87
TOTAL SA €43.57 EUR -1.07
United Technologies Corp $110.93 USD -0.60
View Industry Companies
 

Industry Analysis

CVX

Industry Average

Valuation CVX Industry Range
Price/Earnings 10.6x
Price/Sales 1.0x
Price/Book 1.2x
Price/Cash Flow 5.3x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHEVRON CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.