Wirth Michael K sold $63.6M of CVX

Chevron (CVX) shares fell 2.83% to $218.89 on November 4, despite a 183% year-over-year increase in Q3 profit to $9.924B. Refining contributed 59.4% of the annual profit growth. Operating cash flow declined 29.2% from the prior quarter to $16B. The company's GF Score is 65/100, with a P/E ratio of 16.01.

Multnomah County Circuit Court allowed a 2023 lawsuit by Oregon's Multnomah County against Exxon Mobil, Chevron, and others to proceed. The county alleges the companies deceived the public about climate change and seeks over $51 billion in damages.

Multnomah County, Oregon, can proceed with a 2023 lawsuit against Exxon Mobil and Chevron, alleging deception about climate change impacts. The county seeks over $51 billion in damages, according to the court filing.

Iraq expects Chevron to finalize a deal to operate the West Qurna 2 oilfield by year-end, ahead of the exclusivity period's February expiration.

Iraq and Chevron have agreed on terms for developing the West Qurna 2 oilfield, aiming to finalize the contract by November's end. The field has 13 billion barrels of recoverable reserves. This deal aligns with Iraq's push to attract US energy investment, including Chevron's potential expansion in crude production and refining. Chevron's involvement follows Lukoil's withdrawal due to sanctions. Iraq's oil production has recovered to 3.4 million bpd despite regional conflicts and fuel shortages.

Iraq and Chevron agreed on major terms for the West Qurna 2 oil field development, aiming to finalize the contract by year-end 2026. They also plan to discuss the Nasiriyah oil field and four exploration blocks, potentially expanding Chevron's role in Iraq's energy sector. Both parties expressed commitment to long-term collaboration and overcoming investment barriers. The agreement comes as Iraq seeks to deepen ties with Western oil companies amid export challenges.