Chevron News - May 2026
Chevron Seeks $227M Texas Tax Break, Powering Microsoft Data Centers
Chevron is seeking a $227 million tax abatement to construct a natural gas power plant in West Texas. The facility will bypass the public energy grid to...
California gas prices to surge, losing Middle East oil and refineries
California faces potential fuel shortages and higher gasoline prices following the halt of Middle East crude oil shipments. The state's market remains isolated...
Chevron CEO Warns of Physical Oil Shortages, Citing Hormuz Strait Closure
Chevron CEO Mike Wirth warned of imminent physical global oil shortages during a Milken Institute event. The ongoing closure of the Strait of Hormuz serves as...
Chevron's first quarter 2026 EPS beats estimates as worldwide production rises 15% following the Hess acquisition.
Chevron reported first quarter 2026 revenue of $47.6 billion and diluted EPS of $1.11, beating analyst estimates. Adjusted earnings were $2.8 billion, or $1.41...