| May 7, 2026 | mda_quarterly | Chevron Corporation executed substantial share repurchases during the first quarter of 2026. The company bought back a total of 13,996,478 common shares at an average price of $183.79 per share. The majority of these, 13,593,873 shares, were part of a publicly announced program. Monthly repurchase activity saw average prices increase from $165.53 in January to $196.93 in March. The approximate dollar value remaining under the 2023 repurchase program decreased from $36.0 billion at the end of January to $34.0 billion by March 31, 2026. A portion of the repurchased shares included those from executive compensation plans for personal income tax withholdings. |
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| Feb 24, 2026 | business | Chevron Corporation operates as an integrated energy and chemicals company, managing global upstream and downstream activities. Upstream operations encompass exploring, developing, producing, and transporting crude oil, natural gas, and liquefied natural gas (LNG), alongside carbon capture and gas-to-liquids. Downstream activities include refining crude oil into petroleum products, marketing refined products and lubricants, manufacturing renewable fuels, and producing petrochemicals and plastics.
The company's strategy focuses on delivering lower carbon energy, higher returns, and superior shareholder value by growing its oil and gas business, reducing operational carbon intensity, and expanding new energy ventures. In 2025, proved reserves increased 8% to 10.6 billion barrels of oil-equivalent (BOE), with 43% in the U.S., 15% in Australia, and 11% in Kazakhstan. Net daily oil-equivalent production rose 12% to 3.7 million BOE, primarily due to the Hess Corporation acquisition, the Tengiz Future Growth Project, and record Permian Basin output.
Key assets include extensive Permian Basin shale operations, major deepwater Gulf of America fields, a 30% interest in Guyana's prolific Stabroek Block, and significant Australian LNG projects like Gorgon and Wheatstone. New energy initiatives target carbon capture and storage (e.g., Bayou Bend CCS), hydrogen production (ACES Delta), and renewable fuels (e.g., Geismar renewable diesel expansion, dairy biomethane). Refining capacity totals 1.8 million barrels per day across U.S. and international facilities. Profitability is influenced by commodity prices, global supply/demand, economic conditions, energy transition, and government policies. |
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