Category: Chevron Corporation

Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s Oil

The New York Times – Business:
The president said an agreement between the countries involved “a partnership with private business” and more than 65 billion barrels of reserves.
Oil Giant Chevron Is Said to Be in Talks to Expand in Venezuela

The New York Times – Business:
Chevron, the second largest U.S. oil company, is building on its wager to remain in Venezuela, where it already accounts for about a quarter of the country’s oil production.
Iran War Drives Oil Profits to Highest Levels in Years

The New York Times – Business:
The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf

The New York Times – Business:
U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

The New York Times – Business:
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
Iran War Drives Deeper Oil Shock Than Prices Reveal

The New York Times – Business:
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
As Gas Prices Spike, California Is Hit Hardest

The New York Times – Business:
A gallon has climbed to nearly $6 in the state, about $2 above the national average.
Investors Question Whether Quick Peace in Iran Is Possible

The New York Times – Business:
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall

The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.
Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies

The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests.
$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure

During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.