Articles by Chevron

  • Traders work on the floor of the New York Stock Exchange
    U.S. stocks in sharp sell-off over Libya fears

    February 22 2011 2:08 PM EST

    U.S. stocks are plunging and oil prices are surging on fears over the continued violent unrest in Libya.

  • Ecuadorean workers clean up an oil waste pit owned by state petroleum company Petroecuador in Shushufindi, east of Quito, December 8, 2009
    Chevron fined record $9.5 bln for polluting Ecuador, calls verdict product of fraud

    February 16 2011 11:00 AM EST

    U.S. oil giant Chevron Corp. said it will challenge the ruling of an Ecuadorean judge who has ordered it to pay a record $9.5 billion fine after holding it responsible for polluting a wide swath of Amazon rainforest in Ecuador from 1972 to 1992 while it operated in a consortium with state-run Petroecuador.

  • Environmentalist Donald Moncayo shows his glove after conducting a test made on an affected field in Lago Agrio January 25, 2011. Moncayo coordinates visits to the polluted fields involved in the $27 billion suit brought against Chevron Corp by local farm
    Ecuador court fines Chevron $8-bln for polluting Amazon

    February 14 2011 6:17 PM EST

    A court in Ecuador has fined US oil explorer Chevron (NYSE: CVX) $8-billion for polluting part of the country's Amazon region.

  • China energy firms' gas acquisitions

    February 10 2011 7:59 PM EST

    PetroChina (0857.HK)(PTR.N) agreed to pay C$5.4 billion ($5.4 billion) for half of Encana's Cutbank Ridge shale gas project, marking the largest Chinese investment in a foreign gas asset.

  • French Shale Gas Assets

    February 02 2011 6:16 AM EST

    Total began searching for a new joint venture partner to take a share of a shale gas exploration permit in France. The zone covered by the French permit obtained in March 2010, could contain up to 2,380 billion cubic meters of gas, this amount estimated by multiplying the average gas level in the area by the surface area.

  • The Wall Street sign is seen outside the New York Stock Exchange
    Pre-Market Earnings on Jan. 28 (F, CVX, HON, D, DOV)

    January 28 2011 9:39 AM EST

    The companies that reported earnings before the markets open on Friday are: Ford Motor, Chevron Corp., Honeywell International, Dominion and Dover.

  • Traders work on the floor of the New York Stock Exchange
    US futures range-bound ahead of GDP data

    January 28 2011 8:15 AM EST

    Futures on major U.S. stock indices remained range-bound on Friday ahead of economic data including key US GDP figures from the government.

  • Stocks in Focus (MSFT, AMZN, F, CVX, HON, D, AEP)

    January 28 2011 6:36 AM EST

    The companies which are expected to see active trade on Friday are: Microsoft, Amazon, Ford Motor, Chevron, Honeywell International, Dominion Resources and American Electric Power.

  • Increasing Oil Production Pressures

    January 26 2011 8:37 AM EST

    International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.

  • Polish Shale Gas

    January 19 2011 9:25 AM EST

    Poland's reserves of shale gas may be as much as 3 trillion cubic meters, according to estimates by geologists and energy consultants, potentially making the country a net exporter of gas and reducing Europe's dependence on Russia.

  • Shell, others allowed to resume deepwater drilling in Gulf of Mexico

    January 14 2011 12:19 PM EST

    The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), the federal agency, which oversees U.S. offshore drilling, has allowed Shell Offshore Inc. and 12 other oil and gas companies to resume deepwater drilling operations in the Gulf of Mexico without the need to submit revised exploration or development plans for supplemental National Environmental Policy Act (NEPA) reviews.

  • Risks for Nigerian oil go beyond elections

    January 13 2011 1:56 PM EST

    Clashes between political gangs rather than attacks on oil facilities are the greatest threat to Nigeria's Niger Delta ahead of April elections and the long-term security of its oil output depends on much more than who wins.

  • The Alaskan pipeline continued to dominate the direction

    January 13 2011 11:46 AM EST

    The Alaskan pipeline continued to dominate the direction of oil prices along with the release of the latest EIA oil inventory report which was mixed (see below for more details). The pipeline restarted at two -thirds of capacity yesterday while the operator constructs a by-pass around the leaky area of the line. The line will once again be shut down for about 36 hours over the weekend as the by-pass system is connected to the main line. Since the shut down last Saturday about 4.5 to 5 million ba...

  • Mark Lackey: Will Growth Hamper Gold?

    January 13 2011 4:15 AM EST

    Has the U.S. economy turned the corner? Mark Lackey with Toronto-based financial services company Pope & Co. is forecasting modest growth and slight inflation. In this exclusive interview with The Gold Report, Mark explains why that shouldn't drive a continued correction in gold prices and shares some companies that are set to prosper-whether they've got an NI 43-101-compliant estimate or not.

  • Crude Oil Reaches New 26-Month High on Supply Issues, Gold Continues to Rebound off Technical Support

    January 12 2011 4:18 AM EST

    Silver settled at $29.52 on Monday after advancing $0.43, or 1.47%, an identical gain to that on Monday. ETF holdings continued to dip, however, declining by almost 1.2 million troy ounces to 480.5 million, over 7 million below the record level set in mid-December.

  • A BP sign is seen at a petrol station in south London.
    Is the Worst Over For BP?

    January 10 2011 2:12 PM EST

    BP Plc, which is tormented by the Gulf of Mexico oil spill, has witnessed a positive development last week when Presidential Commission did not find BP solely responsible for the oil spill.

  • US stocks open lower despite upbeat jobs data

    January 05 2011 2:58 PM EST

    U.S. stocks declined in early trade on Wednesday despite upbeat private sector employment report from ADP as commodities and natural resources stocks were hurt by strong dollar.

  • A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank
    Can US drill its way to low gasoline prices?

    January 05 2011 2:21 PM EST

    Former Shell Oil CEO John Hofmeister's prediction a fortnight ago that retail gasoline prices would hit $5 per gallon by 2015 has gone viral since then, drawing attention largely on the U.S. drilling policies but also spooking consumers and polarizing analysts in the process.

  • Iraq's Prime Minister Nuri al-Maliki speaks during a news conference in Baghdad
    Chevron approached Iran to develop oil project: WikiLeaks

    December 17 2010 1:16 PM EST

    Chevron Corp. (CVX) negotiated with the Iranian government about developing Iraq-Iran cross-border oilfield, in direct violation of U.S. sanctions against Teheran, according to Iraqi Prime Minister Nouri al-Maliki in diplomatic cables leaked by WikiLeaks.

  • AGL, Nicor Merger Creates $8.6 Bln Natural Gas Firm

    December 07 2010 1:25 PM EST

    Energy services company AGL Resources Inc. announced an agreement to acquire rival Nicor Inc. for about $2.4 billion in cash and stock, creating a leading natural gas distributor in the U.S.