Chevron helping meet global liquefied natural gas needs

December 20, 2022 – Chevron Corporation (NYSE:CVX) today announced the following - Chevron is expanding our liquefied natural gas (LNG) business to help meet increasing global demand.

“The majority of our LNG growth will occur in the Americas and Eastern Mediterranean,” said Scott McKay, who manages Chevron’s natural gas trading in the Americas. “That’s to complement existing flows from Western Australia, Equatorial Guinea and Angola. The export capacity we’re taking out in the U.S. is ideally located for delivering into Europe to meet European gas needs in the medium term.”

We are also completing pipeline, liquefaction and shipping commitments to help deliver Permian Basin gas to end-use markets around the world. While most of our LNG from Australia has been destined for parts of Asia, our growing business is expected to meet the urgent demand in Europe and Southeast Asia.

Chevron invests in carbon capture and removal technology company Svante

Houston/Vancouver December 15, 2022 – Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante’s Series E fundraising round, which raised $318 million for use to accelerate the manufacturing of Svante’s carbon capture technology.

“We are advancing a full value chain carbon capture, utilization, and storage (CCUS) business and believe Svante is poised to be a leader in enabling carbon capture solutions,” said Chris Powers, vice president of CCUS with CNE. “Innovation is key to enabling these types of breakthrough technologies and lower carbon solutions, and we look forward to applying our experience and expertise to help drive this effort forward.”

Chevron 2023 capital expenditure budgets

San Ramon, Calif., Dec. 7, 2022 – Chevron Corporation today announced 2023 organic capital expenditure budgets of $14 billion for consolidated subsidiaries (capex) and $3 billion for equity affiliates (affiliate capex), which total near the high end of the company’s guidance range. The company’s 2023 capex budget is up more than 25% from 2022 expected spend, excluding acquisitions.  These budgets support Chevron’s objective to safely deliver higher returns and lower carbon and include approximately $2 billion in lower carbon capex, more than double the 2022 budget.

“We’re maintaining capital discipline while investing to grow both traditional and new energy supplies,” said Chevron Chairman and CEO Mike Wirth. “Our 2023 capex budgets are consistent with our long-term plans to safely deliver higher returns and lower carbon.”

Check out Chevron's stories page for more news.

Benefits Update

- 2023 Plan Year Open Enrollment Summary Results
- How to avoid scams

Other Chevron Retiree Monetary Benefits - Sign up at BenefitHub

BenefitHub is the discount portal for Chevron Recreation at https://chevrec.benefithub.com On the website you can find discounts and savings to many of your everyday purchases. BenefitHub is also host to Chevron exclusive discounts programs available only to employees, like AVIS, Southwest Airlines, and Verizon wireless. Not yet a member of BenefitHub? Membership is free to employees and retirees. All you need is a referral code to register. Retirees simply email Jim Bonwell at jbonwell@pacbell.net to request a BenefitHub referral code. Your access will be authorized against our retiree database.

Encore 2Q 2023, the CRA quarterly e-magazine, is now online, click Encore 2nd Qtr 2023.  

Encore highlights:
Brad McCullough's President's letter notes the CRA is doing well, and is in contact with 12000 retirees. We work with CRA sponsors at the executive and working levels. Retirees are encouraged to sign up for the Chevron Advocacy Network (CAN) and use evolving opportunities to work with Chevron employees in volunteering projects and employee network events. 

Chevron News Briefs - Recent significant press releases from Chevron are featured. 

Feature articles -
Highlight two multi-talented Chevron Retirees with unusual skills, who make the best of their retired lives.

Benefts Corner - Benefits Chair, Bill Dodge communicates on: 
- 2023 Plan Year Open Enrollment Summary results 
- How to Avoid Scams

In Memoriam section - reports the most recent retiree deaths (October through December 2022) reported by Chevron HR and links to a searchable database of deceased retirees.

Chevron Merchandise Store Availability 

Various Chevron merchandise is now available through two links listed below.  This was brought about by the CRA East Bay Chapter thanks to Rickey Woo.  
For Men's wear click here.      
For Women's wear click here. 

In Memoriam

In Memoriam is the CRA's monthly obituary list.

View the April 2023 “In Memoriam”