Tag Archives: Chevron Corporation

U.S. oil company Chevron has a tanker on the way to sanctioned Venezuela, where it will pick up a load of crude oil destined for the United States. The crude cargo will be the first Venezuelan crude oil shipment to arrive in the United States in almost four years, according …

The world’s biggest oil producers are spending billions of dollars on fossil fuel projects that will only be needed if the world misses key climate goals, according to Carbon Tracker, a nonprofit think tank. Companies invested $58 billion in oil and gas projects in 2021 and 2022 that will only …

Chevron will officially assume control of an oil project in Venezuela this week, Bloomberg has reported, citing unnamed sources. The supermajor will process heavy crude at the Petropiar facility, called an upgrader, and then export it to refiners on the U.S. Gulf Coast after the Treasury Department granted Chevron an …

The United States on Saturday allowed the country’s oil giant Chevron Corp. to resume “limited” extraction of natural resources in Venezuela and to export Venezuelan oil, after the Venezuelan government and the opposition alliance reached a deal to break the political stalemate. Chevron received a six-month license that authorizes the …

Chevron confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice. “We look forward to working with ONGC,” …

After a decade of losses and shareholder frustration, the U.S. shale patch is generating record amounts of cash flows and is earning record profits this year as oil prices soar while firms prioritize returns to investors. The public independent U.S. shale producers already had a blockbuster first quarter, with many …

ExxonMobil and Chevron have reported soaring profits despite lower oil and natural gas volumes as the petroleum giants return billions of dollars to shareholders in the wake of lofty crude prices and refining margins. Both US oil giants scored huge profit increases propelled by crude prices that rose after the …

Exxon Mobil Corp. and Chevron Corp. investors will vote on shareholder demands to curb pollution amid growing pressure on the oil industry to clean up its environmental record. Exxon holders will consider a proposal from Dutch environmental group Follow This that calls on the oil giant to reduce emissions and …

With WTI at over $107 per barrel, and Brent at $111, energy stocks are setting record highs and buybacks are in the air. Bloomberg reports that a minimum of 21 major North American energy companies engaged in stock buybacks in Q4 2021, and that buybacks continue to gain significant momentum …

Shares of Exxon Mobil and Chevron traded slightly weaker on Monday amid renewed hopes of a diplomatic solution to the ongoing tensions along the border of Russia and Ukraine. Exxon fell 1.7% while Chevron fell 2.1% as crude prices eased amid signs of a concession by Ukraine to Russia, though …