Chevron Corp Files 8-K Report

TL;DR

Chevron filed an 8-K, but no juicy details yet.

AI Summary

On July 31, 2024, Chevron Corporation filed an 8-K report detailing an event under "Other Events." The filing does not contain specific financial figures or new material information beyond the reporting of the event itself.

Why It Matters

This filing indicates a corporate event has occurred that Chevron is legally required to report to the SEC, though the specific nature of the event is not detailed in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard procedural report and does not contain information that would immediately impact the company's risk profile.

Key Players & Entities

• Chevron Corporation (company) — Registrant
• July 31, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• eh240514687_8k.htm (8-K) — 33KB
• 0000950142-24-002067.txt ( ) — 205KB
• cvx-20240731.xsd (EX-101.SCH) — 3KB
• cvx-20240731_lab.xml (EX-101.LAB) — 33KB
• cvx-20240731_pre.xml (EX-101.PRE) — 22KB
• eh240514687_8k_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On October 22, 2023, Chevron Corporation (" Chevron ") entered into a definitive merger agreement with Hess Corporation (" Hess "), pursuant to which, subject to the terms and conditions of the merger agreement, a subsidiary of Chevron will be merged with and into Hess, with Hess continuing as the surviving corporation of such merger and as a direct, wholly-owned subsidiary of Chevron (such transaction, the " Merger ") . Hess Guyana Exploration Limited (" HGEL "), a wholly owned subsidiary of Hess, is currently in arbitration with respect to the right of first refusal (the " Stabroek ROFR ") contained in an operating agreement among HGEL and affiliates of Exxon Mobil Corporation (" Exxon ") and China National Offshore Oil Corporation (" CNOOC ") regarding the Stabroek Block offshore Guyana. The arbitration merits hearing about the applicability of the Stabroek ROFR to the Merger has been scheduled for May 2025, with a decision expected in the following three months. Chevron and Hess had expected and requested that this hearing be held earlier, but the arbitrators' common schedules did not make this possible. The views of Chevron and Hess on the merits remain unchanged. Exxon and CNOOC continue to ignore the plain language of the operating agreement, and Chevron and Hess remain confident that the arbitration will confirm that the Stabroek ROFR does not apply to the Merger. Chevron and Hess remain committed to the Merger and look forward to combining the two companies.

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these statements and other forward-looking statements in this document by words such as "expects," "focus," "intends," "anticipates," "plans," "targets," "poised," "advances," "drives," "aims," "forecasts," "believes," "approaches," "seeks," "schedules," "estimates," "positions," "pursues," "progress," "may," "can," "could," "should," "will," "budgets," "outlook," "trends," "guidance," "commits," "on track," "objectives," "goals," "projects," "strategies," "opportunities," "potential," "ambitions," "aspires" and similar expressions, and variations or negatives of these words, but not all forward-looking statements include such words.

Forward-looking statements by their nature address matters

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the potential transaction, including the expected time period to consummate the potential transaction, and the anticipated benefits (including synergies) of the potential transaction. All such forward-looking statements are based upon current plans, estimates, expectations, and ambitions that are results to differ materially from those expressed in such forward-looking statements. Key factors that could cause actual results to differ materially from those expressed in such forward-looking statements include, but are not limited to the risk that regulatory approvals are not obtained or are obtained subject to conditions that are not anticipated by Chevron and Hess; potential delays in consummating the potential transaction, including as a result of regulatory proceedings or the ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement; risks that such ongoing arbitration is not satisfactorily resolved and the potential transaction fails to be consummated; Chevron's ability to integrate Hess' operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the potential transaction will not be realized or will not be realized within the expected time period; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; risks that the anticipated tax treatment of the potential transaction is not obtained; unforeseen or unknown liabilities; customer, shareholder, regulatory and other stakeholder approvals and support; unexpected future capital expenditures; potential litigation relating to the potential tra

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 31, 2024 CHEVRON CORPORATION By: /s/ Christine L. Cavallo Name: Christine L. Cavallo Title: Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR