International Arbitration Panel Orders Ecuador to Take “All Measures Necessary” To Suspend Enforcement of the Lago Agrio Judgment

Fri, 17 Feb 2012 00:00:00 -0800

Yesterday an international arbitration tribunal issued a Second Interim Award ordering Ecuador to prevent enforcement and recognition of the $18.2 billion Lago Agrio judgment, both within and without Ecuador.

Drilling of Relief Well Commences Offshore Nigeria

Fri, 17 Feb 2012 00:00:00 -0800

Chevron Nigeria Limited has begun the process of drilling a relief well to seal the Funiwa 1A natural gas well. The relief well is being drilled to extinguish a fire that began Jan. 16 at the original well, approximately six miles (10 km) off the coast of Nigeria. No oil was spilled or has flowed from this natural gas well.

Chevron Provides Further Detail on the Future Growth Project at the Tengiz Field in Kazakhstan

Wed, 15 Feb 2012 00:00:00 -0800

Chevron Corporation today reports that its affiliate Tengizchevroil LLP expects to enter front-end engineering and design in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.

Chevron Reports Fourth Quarter Net Income of $5.1 Billion, Compared to $5.3 Billion in Fourth Quarter 2010

Fri, 27 Jan 2012 00:00:00 -0800

Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter.

Chevron Announces Quarterly Dividend

Wed, 25 Jan 2012 00:00:00 -0800

The Board of Directors of Chevron Corporation today declared a quarterly dividend of eighty-one cents ($0.81) per share, payable March 12, 2012, to holders of common stock as shown on the transfer records of the Corporation at the close of business on February 17, 2012.