Mission:
“believe in the power of human ingenuity to lead us to a brighter future.” The company has a well-defined approach of running its business, rested on two main features. As an energy company, Chevron recognizes the complexities of running the business.
Recent News:
1. SAN RAMON, Calif.--(BUSINESS WIRE)--Apr. 7, 2021-- Chevron Corporation (NYSE: CVX) today announced its wholly-owned subsidiary Chevron U.S.A. Inc. (Singapore Branch) (“CUSA”) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area. Under the agreement, CUSA will supply Hokkaido Gas with about a half million tons of LNG over a period of five years starting April 2022.
2. Expectations:
- Targets more than doubling return on capital employed by 2025
- Expects free cash flow to grow more than 10% per year by 2025
- Increases expected Noble synergies to $600 million, twice the initial estimate
- Targets 35% carbon intensity reduction by 2028
3.Chevron Announces Agreement to Acquire Noble Midstream Partners:
- Simplifies governance and corporate structure
- Enables further integration in support of leading DJ & Permian positions
- Transaction expected to close in 2Q 2021
What do you think?
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“believe in the power of human ingenuity to lead us to a brighter future.” The company has a well-defined approach of running its business, rested on two main features. As an energy company, Chevron recognizes the complexities of running the business.
Recent News:
1. SAN RAMON, Calif.--(BUSINESS WIRE)--Apr. 7, 2021-- Chevron Corporation (NYSE: CVX) today announced its wholly-owned subsidiary Chevron U.S.A. Inc. (Singapore Branch) (“CUSA”) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area. Under the agreement, CUSA will supply Hokkaido Gas with about a half million tons of LNG over a period of five years starting April 2022.
2. Expectations:
- Targets more than doubling return on capital employed by 2025
- Expects free cash flow to grow more than 10% per year by 2025
- Increases expected Noble synergies to $600 million, twice the initial estimate
- Targets 35% carbon intensity reduction by 2028
3.Chevron Announces Agreement to Acquire Noble Midstream Partners:
- Simplifies governance and corporate structure
- Enables further integration in support of leading DJ & Permian positions
- Transaction expected to close in 2Q 2021
What do you think?
Like Follow Agree Disagree!