CVX

Raven SR Bioenergy Project Receives Environmental Approval from City of Richmond, Calif.

Retrieved on: 
Wednesday, May 24, 2023
Hydrogen, SR, Electrolysis, Richmond City Council, Public, Republic Services, Electricity, CEQA, Carbon, Pollutant, BAAQMD, Hyzon Motors, California Environmental Quality Act, Fischer–Tropsch process, City, Climate change, CVX, World Bioenergy Association, Fresh water, Raven, CO2, Methane, Climate, Chevron, WCCLS, Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., Chevron Corporation, Greenhouse, NYSE, Oil, Recycling, Renewable energy, Coal

"The Raven SR project will contribute to the reduction of waste and greenhouse emissions, and will employ local residents.

Key Points: 
  • "The Raven SR project will contribute to the reduction of waste and greenhouse emissions, and will employ local residents.
  • The Raven SR technology is a non-combustion thermal, chemical reductive process that converts organic waste and landfill gas to hydrogen and Fischer-Tropsch synthetic fuels.
  • The Richmond facility is owned by Raven SR S1 LLC (Raven SR S1).
  • Chevron and Hyzon were among Raven SR's initial strategic investors, along with ITOCHU, Ascent Hydrogen Fund and Samsung Ventures.

Chevron Announces Agreement to Acquire PDC Energy

Retrieved on: 
Monday, May 22, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Permian, Capital expenditure, Wachtell, Lipton, Rosen & Katz, PJT Partners, Morgan Stanley, Accretion (finance), Carbon, Organization, Davis Graham & Stubbs, Corporation, PDC, Acquisition, CVX, ROCE, Capital, BOE, Paul, Weiss, Rifkind, Wharton & Garrison, Chevron Corporation, NYSE, Cryptocurrency

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share.

Key Points: 
  • Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share.
  • Based on Chevron’s closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.
  • The acquisition of PDC provides Chevron with high-quality assets expected to deliver higher returns in lower carbon intensity basins in the United States.
  • “PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production basins,” said Chevron Chairman and CEO Mike Wirth.

Correction of Notice of Time of Webinar Regarding 2023 First Quarter Financial Results

Retrieved on: 
Thursday, May 11, 2023
CIBC, Growth, EST, CVX, SG, Press release, Mobile phone, Video game, Tutoring, Rare-earth element, Security (finance)

In the original press release the management webinar was scheduled to take place at 3:00 p.m. EST on May 11, 2023.

Key Points: 
  • In the original press release the management webinar was scheduled to take place at 3:00 p.m. EST on May 11, 2023.
  • CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the first quarter ended March 31, 2023.
  • “In line with our expectations, we saw improvements in many of our key financial metrics in the first quarter of 2023.
  • Reminder - Q1 Financial Results Webinar:
    Management will host a webinar at 4:00 p.m. EST on Thursday, May 11, 2023 to discuss CEMATRIX’s first quarter financial results, provide a corporate update and conclude with a question and answer session from online participants.

CEMATRIX Announces 2023 First Quarter Financial Results

Retrieved on: 
Wednesday, May 10, 2023
CIBC, Growth, EST, CVX, SG, Press release, Video game, Tutoring, Rare-earth element, Security (finance)

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the first quarter ended March 31, 2023.

Key Points: 
  • CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the first quarter ended March 31, 2023.
  • “In line with our expectations, we saw improvements in many of our key financial metrics in the first quarter of 2023.
  • We continue to believe the Company is on track to have a great year in 2023.
  • Reminder - Q1 Financial Results Webinar:
    Management will host a webinar at 3:00 p.m. EST on Thursday, May 11, 2023 to discuss CEMATRIX’s first quarter financial results, provide a corporate update and conclude with a question and answer session from online participants.

CEMATRIX To Report First Quarter Results On May 10, 2023 – Earnings Webinar Scheduled For 4:00 p.m. EST, May 11, 2023

Retrieved on: 
Thursday, May 4, 2023
EST, CVX, Online shopping

CALGARY, Alberta, May 04, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products today announced that it will release its consolidated financial results for the first quarter ended March 31, 2023 after the close of business on May 10, 2023.

Key Points: 
  • CALGARY, Alberta, May 04, 2023 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products today announced that it will release its consolidated financial results for the first quarter ended March 31, 2023 after the close of business on May 10, 2023.
  • Management will host a webinar at 4:00 p.m. EST on Thursday, May 11, 2023 to discuss CEMATRIX’s first quarter financial results, provide a corporate update and conclude with a question and answer session from online participants.
  • To participate, please use the following information:
    You are invited to a Zoom webinar.
  • Register in advance for this webinar:

CEMATRIX Management Perspectives Uniquely Positioned For 2023 And Beyond

Retrieved on: 
Tuesday, May 2, 2023
Maintenance, State, Building material, Provincial, Akwa Ibom State Association of Nigeria, USA Inc., Traction, CVX, Growth, Economics, Construction, Oil, The Maritimes

One of those larger projects is the $21.2 million North Carolina freeway construction project, which was originally scheduled to commence in 2020.

Key Points: 
  • One of those larger projects is the $21.2 million North Carolina freeway construction project, which was originally scheduled to commence in 2020.
  • While just under 20% of this project will go into the ground in 2023, it will still generate $3.6 million in revenues this year.
  • The balance of the project is scheduled to be completed next year which speaks to a strong start to 2024.
  • “Although 2022 was a record year for sales for CEMATRIX,” continued Mr. Kendrick, “The Company completed only 7 projects over $1 million for a total of $15.5 million.

CEMATRIX Announces $6.0 Million in New Contracts While Our Backlog Continues to be Realized

Retrieved on: 
Wednesday, April 26, 2023
Communication, Contraction, Nestlé USA, Inc. v. Doe, CVX, Letter, Rare-earth element

Projects totalling $36 million are currently scheduled for 2023, of which $28.6 million are contracted.

Key Points: 
  • Projects totalling $36 million are currently scheduled for 2023, of which $28.6 million are contracted.
  • Factoring in the $6.0M in contracts executed, converted contracts, the increase in contracts in process of $1.8 million and sales completed to the end of March 2023, the Corporation’s backlog has increased to $93.2 million, a 17% increase compared to CEMATRIX’s sales adjusted backlog of $79.6 million at December 31, 2022.
  • $44.3 million of the Corporation’s current backlog is now Contracted and $48.9 million is Contracts in Process.
  • “The $6.0 million in contracts executed are for geotechnical infrastructure projects across North America,” stated Jeff Kendrick, CEMATRIX President and CEO.

Chevron Road Trip Demonstrates Renewable Gasoline Blend

Retrieved on: 
Monday, April 17, 2023
Environment, Alternative Vehicles, Fuels, Automotive, General Automotive, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, RAV4, Toyota Camry, Gasoline, Light, Public policy, Carbon, BP America Production Co. v. Burton, CVX, Biofuel, Natural gas, Transport, Tundra, Lingle v. Chevron U.S.A. Inc., Chevron Corporation, NYSE, Renewable energy

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), kicked off a road trip today across the U.S. Gulf Coast to showcase an innovative new gasoline blend with more than 50 percent renewable content.

Key Points: 
  • Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), kicked off a road trip today across the U.S. Gulf Coast to showcase an innovative new gasoline blend with more than 50 percent renewable content.
  • People from Chevron and Toyota will be driving Toyota’s Tundra, RAV4 and Camry on this road trip with the objective of demonstrating the fuel, which is more than 40 percent less carbon intensive than traditional gasoline on a lifecycle basis.
  • During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels like biofuels and renewable gasoline blend.
  • Renewable gasoline blend can notably reduce lifecycle emissions and be used in the existing automotive fleet and with the existing fueling network.

CEMATRIX Announces 2022 Record Fourth Quarter and Annual Revenue

Retrieved on: 
Thursday, April 13, 2023
Operating cost, Working capital, Corporation, EBITDA, CVX, Average cost, Earnout, CIBC, Management, Video game, Cryptocurrency, Pharmaceutical industry, Birth control, Audit, Security (finance), Financial adviser

“We are pleased to report to our shareholders that 2022 was a record year in terms of revenue and we enter 2023 with great momentum,” stated Jeff Kendrick, President and CEO of CEMATRIX.

Key Points: 
  • “We are pleased to report to our shareholders that 2022 was a record year in terms of revenue and we enter 2023 with great momentum,” stated Jeff Kendrick, President and CEO of CEMATRIX.
  • Despite the record year, project delays and cement shortages in several key markets did have a negative impact.
  • Margins were slightly lower in 2022 due to inflationary pressures across all facets of our business.
  • “Nevertheless, the Company expects, strong and accelerated revenue growth in 2023 as more of the projects in our backlog are scheduled to commence.

Chevron and the Angelicoussis Group Announce Ammonia Carrier Joint Study Agreement

Retrieved on: 
Thursday, April 13, 2023
Chemicals, Plastics, Maritime, Oil, Gas, Transport, Manufacturing, Alternative Energy, Energy, Hydrogen, Partnership, George Green (ship), Carbon, Ammonia, JSA, Energy transition, Corporation, CVX, Chevron Corporation, NYSE, Safety, Natural gas, Petroleum, LNG

Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis Group, through its Energy Transition division, Green Ships, announced a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel.

Key Points: 
  • Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis Group, through its Energy Transition division, Green Ships, announced a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel.
  • “We are pleased to collaborate with the Angelicoussis Group on this study, help advance lower carbon energy at scale and progress marine transportation of ammonia,” said Mark Ross, President of Chevron Shipping Company.
  • “Through collaborating with Chevron Shipping Company on this study, we aim to make a meaningful contribution to prepare our industries for the transition towards lower carbon operations,” said Maria Angelicoussis, CEO of the Angelicoussis Group.
  • The teaming of Chevron Shipping, Chevron New Energies and the Angelicoussis Group on this study supports and accelerates both organizations’ ambitions to become leading, global clean energy providers by focusing on all aspects of the hydrogen supply chain.