Chevron has reported a surprise six per cent decline in quarterly profit, hurt by weakness in the oil refining business, while production from wells increased for the No 2 US oil company but remained below target.
Chevron Corp will try to convince a US judge this week that a group of Ecuadorean villagers and their US lawyer used bribery to win an $18 billion judgment against Chevron from a court in Ecuador, in the
French oil major Total said it had agreed to buy the Egyptian retail network of US energy company Chevron, in a move it said would create its biggest marketing and services subsidiary outside Europe.
Lower oil prices bit into Chevron's quarterly profit which fell down 4.5 per cent to $6.2 billion as did refinery downtime and higher operating costs in its home market, but the oil company's shares rose as the earnings topped expectatio
Chevron Corporation, the second-largest US oil company, said it had already started nearly all the projects that would deliver 25 per cent growth in oil and gas output over the next half a decade.
At its annual meeting with analys
Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for ExxonMobil and Chevron, the two largest US oil companies.
A flood of oil produced from US shale formations has pushed refining margins high
Iraqi Kurdistan has awarded Chevron Corp a stake in the Qara Dagh oil block, the region's energy minister said on Thursday, building on the company's exploration play in the autonomous northern region.
Chevron posted much lower-than-expected quarterly earnings yesterday as maintenance exacerbated a steady decline in oil and natural gas production and a fire at one of the company's California plants hit the refining business.