Chevron Corporation is a multinational energy company engaged in all aspects of the oil and gas industry, including exploration, production, refining, and marketing of crude oil and natural gas
The company operates in various regions around the world, focusing on both conventional and unconventional resources. In addition to its fossil fuel operations, Chevron is also investing in renewable energy technologies, such as biofuels and geothermal energy, as part of its commitment to transitioning towards a more sustainable energy future. Through its extensive supply chain, Chevron provides fuels and lubricants for transportation, industrial, and commercial needs, while also prioritizing safety and environmental stewardship in its operations.
Chevron has finalized a $525 million deal to sell a 70% stake in its East Texas natural gas assets to TG Natural Resources LLC, backed by Tokyo Gas and Castleton Commodities.
On the last trading day of calendar Q1, major indexes were mixed. The Dow, which first tested a 6-month bottom, finished up exactly +1.00%, or +417 points — resulting in a more than 900-point swing.
Led by big oil giants Chevron and Exxon Mobil, the energy sector has risen +8% year to date compared to the benchmark S&P 500’s broader decline of -6%.
Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (“Chevron”) (NYSE: CVX), announced that it has closed on a transaction to sell a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources LLC (“TGNR”), a company indirectly owned by Tokyo Gas Co., Ltd. (“Tokyo Gas”) and Castleton Commodities International LLC (“CCI”), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development. Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. Tokyo Gas and CCI own an approximate 93% and 7% interest in TGNR, respectively.
Energy stocks dominated Q1 of 2025, while Tech and Consumer Discretionary suffered. Energy giants Chevron and Exxon had solid performances. Some Tech stocks shined.
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