The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.
Category: Chevron Corporation
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Natural Gas Prices Rise on Israel Concerns and Finland Pipeline Leak
Europe has largely disconnected from Russian gas supplies but remains heavily dependent on imported fuel, exposing it to unexpected disruptions.
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Chevron Shuts Down Natural Gas Platform Near Gaza Strip
The U.S. energy company temporarily closed operations at its Tamar natural gas field, which is about 12 miles from the Gaza Strip, at Israel’s request.
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Israel-Gaza Conflict Could Slow Natural Gas Investment in Area
The fighting could hurt ambitions of Israel and the wider region, which have received a lift from Chevron to become a hub for exporting natural gas to Europe and elsewhere.
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California Sues Oil Giants, Claiming Decades of Deception
Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.
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Australian Workers at Three Energy Plants Halt Work
The labor action at liquefied natural gas plants, responsible for about 6 percent of the world’s supply of the fuel, came as talks over pay and work conditions stalled.
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
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An American Energy Giant Sees Israel as a Springboard to Europe
Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.
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Donald Trump’s Latest Indictment May Reshape the 2024 Race
The former president, who faces seven criminal charges for mishandling classified documents, is expected to surrender to authorities next week.
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As Iran Seizes Tankers, U.A.E. Pulls Back From U.S.-Led Maritime Force
The United Arab Emirates announced it had stopped participating in the security group after Iran seized two tankers in the Persian Gulf recently.