Feb 17- U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of pumping oil from shale...
CNBC read over every instance where S&P 500 executives mentioned Trump by name in their corporate earnings calls.
Jan 30- Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability. The company said its board approved a grant to Chief...
The results showed that Wall Street analysts overestimated how much the No. 2 U.S. oil producer could improve with cost cuts in the quarter after two years of lackluster results. Like many U.S. oil producers, Chevron has benefited from the OPEC oil cartel's move to curtail production, which has helped lift crude prices in recent months. The California- based...
John Watson benefited from a smart employee retention policy he says others can institute too.
Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.. "This is the fourth consecutive year of spending reductions," Chief Executive John Watson said in a statement. San Ramon, California- based Chevron reported a drop in third-quarter profit in...
Chevron CEO John Watson joined CNBC to discuss the energy market and its latest endeavor.
This is what investors have to look out for when evaluating the sustainability of an energy company's dividend, according to an analyst.
Here is the full, uncut interview with John Watson, chairman and CEO of Chevron.
An analyst says investors should expect dividend cuts after Chevron reported a quarterly loss for the first time since 2002.
The blend of macro forces driving commodities lower makes it unlikely the sector will recover for months to come.
John Watson, chairman and CEO of Chevron, discusses at length his views on oil and the energy market.
Oil prices will likely climb in the next year as supply and demand in the market begin to balance, Chevron CEO John Watson said.
*Profit ex-items $2.55/ share, misses $2.83 analysts' view. Increasing output from the wellhead is a struggle for many big oil companies, including Exxon Mobil Corp and Royal Dutch Shell.
*Profit of $2.55/ share before items miss analysts' view of $2.83. Nov 2- Chevron Corp posted much lower-than-expected quarterly earnings on Friday as maintenance exacerbated a steady decline in oil and natural gas production and as a huge fire at one of the company's California plants hit the refining business.
Nov 2- Chevron Corp posted a 33 percent drop in quarterly earnings as maintenance exacerbated a steady decline in output from oil and natural gas wells over the past year and as a huge fire at one of the company's California plants hit the refining business.