Chevron’s $8 Billion Offering

May 7, 2020

Cleary Gottlieb is representing J.P. Morgan, Barclays, BofA Securities, and Citigroup, as representatives of the underwriters, in the offering by Chevron of $8 billion of notes.

The offering consisted of $1.2 billion 1.141% notes due 2023, $300 million floating-rate notes due 2023, $2.5 billion 1.554% notes due 2025, $1 billion 1.995% notes due 2027, $1.5 billion 2.236% notes due 2030, $500 million 2.978% notes due 2040, and $1 billion 3.078% notes due 2050. The offering priced on May 7, 2020, and is expected to close on May 11, 2020.

The offering is Chevron’s first capital markets transaction since February 2017.

Chevron, a Delaware corporation with executive offices in San Ramon, California, manages its investments in subsidiaries and affiliates and provides administrative, financial, management, and technology support to U.S. and international subsidiaries that engage in integrated energy and chemicals operations.