BP Group

Was mir auffällt ist der average von 40 US - hätte etwas mehr erwartet.


Despite a recent rise in oil prices, Chevron will not boost capital spending this year, Chief Financial Officer Pierre Breber said.

“While we’re optimistic about vaccines and getting on a pathway to recovery, we’re not there right now,” Breber said. “We still have an economy that’s operating well below capacity. We still have inventory levels that are high.”

U.S. President Joe Biden’s executive order to temporarily suspend oil and gas leasing on federal lands will not “get in our way anytime soon” in the Permian Basin, the top U.S. oil field where about 10% of Chevron’s Permian acreage is federal, Breber said.

“We don’t agree that it’s good policy to be overly restrictive on federal lands,” Breber said. “If it continues we think that will push energy production outside the country.”

The second-largest U.S. oil producer reported an adjusted loss of $11 million, or 1 cent per share, compared with a profit of $2.8 billion, or $1.49 per share, a year earlier. The net loss was $665 million including acquisition costs, the effect of foreign exchange and pension payouts.

Improved oil and gas prices and a 6% increase in output from the Noble purchase boosted Chevron’s oil and gas earnings to $501 million, compared with a loss of $6.7 billion a year earlier.

The gain came as Chevron’s international production business sold oil for about $40 per barrel, up from $39 in the prior quarter and down from $57 a year earlier.