Chevron Corporation is hoping to explore new upstream oil fields while also deepening productions from producing assets as it announced announced a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up…
Some communities in the riverine area of Ondo State have protested against the alleged refusal of Chevron Corporation to be involved in the development of their host communities. Following the development, the communities which are Awoye, Molutehin, Gbadira, Jinrinwo, Ugbo,…
The KEFFES Rural Development Foundation (KRDF) on Friday suspended three chiefs over their alleged role in a botched effort to derail the group. Chief Christopher Tuduo, an Ex-officio member, who announced the suspension said the action was in accordance with…
Chevron Corp. has boosted its planned share buyback to as much as $5 billion per year, as the firm uses higher commodities prices to step up returns to investors rather than investing in production growth. The repurchases are now seen at $3 billion to $5 billion…
The Nigerian oil and gas industry is strategic to the overall socio-economic development of the country. Nigerian Content (“NC”) development is critical for the nation as it progresses in its quest to acquire oil and gas technology and build indigenous…
Chevron has rolled out plans toward meeting its energy transition through the investment of more cash in new low carbon sources. The company Chairman and CEO Michael Wirth, said Chevron intended to be a “leader” in low carbon plans. “Our…
By Uthman Salami Chevron Nigeria Limited (CNL), one of the largest oil and natural gas producers in Nigeria has revealed that the company has invested over $908 Million in Nigerian local content only in 2020. This revelation was contained in…
A report steaming from a study undertaken by Georgetown University revealed that Chevron Corp has made a significant investment of over $100 million channeled towards the development across major sectors Niger Delta region of Nigeria. This report was revealed in a study…
Chevron Nigeria Limited, (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL, (NNPC/CNL JV), on Wednesday July 7, 2021, received an award for the best exhibition booth at the 2021edition of the Nigeria Oil…
By Gloria Akudoro The Chairman and Managing Director, Chevron Nigeria Limited (CNL), Mr. Rick Kennedy, has identified low carbon emissions, gas development, effective industry policies, collaboration for cost reduction, and digital technology/innovation as strategic imperatives for fortifying the Nigerian Oil…
