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2025-02-11 11:14:40

Chevron struggles to replace oil, gas reserves amid Hess deal limbo

finance.yahoo.com (nprofile…mr8r)
CHEVRON STRUGGLES TO REPLACE OIL, GAS RESERVES AMID HESS DEAL LIMBO

https://media.zenfs.com/en/reuters-finance.com/0870f35fc243966847042947fe634b87
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✍️ Chevron's oil and gas reserves have fallen to a decade-low, highlighting the importance of its planned acquisition of Hess, which has been stalled due to a court battle with Exxon Mobil.
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👉 Chevron's oil and gas reserves have fallen to 9.8 billion barrels of oil equivalent, the lowest point in at least a decade.
👉 The decline is attributed to sales of acreage and a low rate of reserve replacement.
👉 Chevron's planned acquisition of Hess, which has been stalled due to a court battle with Exxon Mobil, could improve its prospects.
👉 Chevron's reserve replacement ratio over the past 10-year period was 88%, but the company's organic reserve replacement ratio was 45%, raising concerns about its longer-term prospects.

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#SheilaDang #MikeWirth #PaulCheng #Houston #Guyana #GulfofMexico #PermianBasin #business
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quoting nevent1q…takz
finance.yahoo.com (nprofile…mr8r)
https://media.zenfs.com/en/reuters-finance.com/0870f35fc243966847042947fe634b87

https://finance.yahoo.com/news/chevron-struggles-replace-oil-gas-110813770.html

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2025-02-11 11:14:40

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