American trading partners responded swiftly to President Trump’s latest round of levies with countermeasures, creating more uncertainty for C.E.O.s.
Category: Chevron Corporation
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Trump to Revoke an Oil License in Venezuela
President Trump appears to be revoking a license that the Biden administration gave Chevron in 2022, potentially hurting the company and Venezuela.
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Chevron to Lay Off Up to 20% of Staff
The second largest U.S. oil company may cut as many as 9,000 workers worldwide in an effort to cut costs.
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Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
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Chevron Wants to Tap Into A.I. Boom by Selling Electricity to Data Centers
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
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Chevron to Increase Output at Huge Oil Field in Kazakhstan
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.
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U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
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Britain’s Falling Oil Output Leaves Jobs and Skills at Risk
The government wants to rapidly replace oil and natural gas with clean energy, but offshore wind and other alternatives are still in their early stages.
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F.T.C. Clears Chevron’s Purchase of Hess With Board Condition
The Federal Trade Commission said the oil giant can acquire the smaller company as long as the chief executive of Hess does not join its board.
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Chevron Moves Its Headquarters to Houston From California
The oil company, which already has extensive operations in Texas, has often been at odds with California’s elected leaders over the state’s climate and energy policies.
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ConocoPhillips to Buy Marathon Oil as M.&A. Frenzy Continues
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.