Chevron Corporation (NYSE:CVX) is set to expand its presence in the Philippines.

Chevron To Expand Philippines Footprint

Chevron Corporation (NYSE:CVX) said that it plans to invest more in Philippines, its largest Asian market, over the next five years.

The company will add 200 new retail stations in the country to market Caltex brand of fuel products and lubricants.

It will also add 500 new stations across Asia as part of its expansion plan.

Chevron Corporation (NYSE:CVX) Asia Pacific’s Sales and Marketing general manager Shahid Ahmed said, “We’re very much out there looking for new investors to partner with us to grow within the Philippines and we have a lot to offer. We have our lubricants business, our retail business and we also talk about the things we do to support the community we operate in. We’re looking for good investors who want to make good returns and who want to actually develop the community they operate in”.

Chevron Corp. (NYSE:CVX) shares were at 109.26 at the end of the last day’s trading. There’s been a 2.9% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 1 out of 18 in the industry

Chevron Corporation (NYSE:CVX) has made two management appointments in its Americas Products division.

Chevron Corporation Makes Executive Changes

According to a report, Brant Fish has become the new vice president of Chevron Corporation (NYSE:CVX)’s Americas Products West and George Wall has become vice president of Americas Products East & Latin America, based in Houston.

Brent Tippen, Chevron Corporation (NYSE:CVX) spokesman said, “In their new roles, Fish is accountable for the profit and loss of ChevronCorporation (NYSE:CVX)’s refining and fuels marketing activities and driving supply chain optimization value capture in the Western Continent plus Hawaii. George Wall is responsible for the profitability of the crude-to-customer value chain for the Eastern United States and Latin America fuels.”

Chevron Corp. (NYSE:CVX) shares were at 103.49 at the end of the last day’s trading. There’s been a -4.0% movement in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.4
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.56
Zack’s Rank: 5 out of 19 in the industry

Chevron Corporation (NYSE:CVX) has launched an engineering recruitment drive in Australia.

Chevron Corporation (NYSE:CVX) To Increase Recruitment

The Australian arm of the US based oil giant Chevron Corporation (NYSE:CVX) as launched a drive to recruit hundreds of engineers in Australia to work on two of the resource-rich country’s largest energy projects.

According to Chevron Corporation (NYSE:CVX) Australia, it will hold 14 recruitment information sessions throughout Australia between Feb 13 and March 7 to identify engineers across a range of disciplines, including civil, structural and subsea engineering.

Chevron Corp. (NYSE:CVX) company shares are currently standing at 106.37.

Price History
Last Price: 106.37
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 104.99
6 Month Price Change %: 17.9%
12 Month Price Change %: 9.2%

Chevron Corporation (NYSE:CVX) has decided to start investing in US solar energy projects this year.

Chevron Corporation (NYSE:CVX) Set For US Solar Investment

Reports say that the energy giant Chevron Corporation (NYSE:CVX) is planning to begin tax equity investments in US solar energy projects this year.

Ram Ambatipudi, director of large scale renewables at Chevron Energy Solutions, a unit of Chevron Corporation (NYSE:CVX) said, “Chevron Corporation (NYSE:CVX) is going to be a new entrant into the tax equity market in 2012 and we are looking for smaller deals in the 3-20MW range.”

Chevron Corp. (NYSE:CVX) stocks were at 103.12 at the end of the last day’s trading. There’s been a -1.6% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.53
Zack’s Rank: 3 out of 19 in the industry

Chevron Corporation (NYSE:CVX) has decided to seal its burning well offshore Nigeria.

Chevron Corporation (NYSE:CVX) Sealing Nigeria Well

According to an announcement made by Chevron Corporation (NYSE:CVX), it is finalizing plans to commence drilling a relief well to seal a natural-gas exploration well that is still burning offshore Nigeria after a rig caught fire and collapsed last week.

Chevron Corporation (NYSE:CVX) said in a statement, “Based on the condition of the well, the safest way to control it is to drill a relief well that will kill the well at depth.”

Chevron Corp. (NYSE:CVX) company shares are currently standing at 106.72.

Price History
Last Price: 106.72
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.78
6 Month Price Change %: -1.0%
12 Month Price Change %: 14.1%

Engen Petroleum has acquired Chevron Corporation (NYSE:CVX) assets in seven sub-Sahara African countries.

Chevron Corporation (NYSE:CVX) Sells Assets In Seven Countries

According to an announcement made by Africa-based company Engen Petroleum, it has acquired the assets of Chevron Corporation (NYSE:CVX) in seven countries in sub-Sahara Africa.

Henry Akwaboah, Managing Director of Engen Ghana said, “We have completed the acquisition process from Chevron Corporation (NYSE:CVX), now the sky is the limit as we seek to become the champion in Africa. The company would continue to operate in its core functions – refining of crude oil, the marketing of primary refined petroleum products and the provision of convenience services through its extensive retail network.”

Chevron Corp. (NYSE:CVX) shares are currently standing at 106.89.

Price History
Last Price: 106.89
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.82
6 Month Price Change %: -1.9%
12 Month Price Change %: 15.3%

Chevron Corporation (NYSE:CVX) has awarded a real time technology contract to ISS Group.

Chevron Corporation (NYSE:CVX) Gives Out Tech Contract

Under this new deal worth $2.4 million, ISS Group will supply its BabelFish product suite and services for real-time technology for Chevron Corporation (NYSE:CVX)’s Gorgon Project in Australia.

The initial contract is for the next 12 months, comprising licenses, services, maintenance and support.

Chevron Corporation (NYSE:CVX)’s $43 Billion Gorgon Project is one of the world’s largest natural gas projects in the history of Australia.

Chevron Corp. (NYSE:CVX) shares were at 106.83 at the end of the last day’s trading. There’s been a 3.7% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.4
Zack’s Rank: 1 out of 19 in the industry

The Bulgarian Government has cancelled a shale gas drilling permit granted to Chevron Corporation (NYSE:CVX).

Chevron Corporation (NYSE:CVX) Hit With Drilling Cancellation

Due to environmental concerns, the Bulgarian government has cancelled an exploration permit for the unconventional energy source that it granted to the U.S. based energy major Chevron Corporation (NYSE:CVX) in June last year.

However, the Bulgarian government said that Chevron Corporation (NYSE:CVX) can still prospect for oil and gas in north-eastern Bulgaria, but only by using conventional drilling techniques and not hydraulic fracturing.

Chevron Corp. (NYSE:CVX) shares were at 106.72 at the end of the last day’s trading. There’s been a 5.6% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.4
Zack’s Rank: 1 out of 19 in the industry