Valero Energy Corp. (NYSE: VLO) said it has agreed to acquire Chevron Corp. (NYSE: CVX)'s Pembroke oil refinery in Wales, U.K., as part of a deal valued at up to $1.73 billion.
U.S. stocks plummeted on a slew of troubling developments, including a surprising trade deficit in China, a downgrade of Spain’s debt, along with fears over the impact on oil price by pervasive unrest in the Middle East and North Africa.
A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution.
A U.S. judge on Monday halted enforcement of an $8.6 billion award against Chevron Corp , siding with the oil company against Ecuadorian plaintiffs in a long-running dispute over Amazon rain forest pollution.
CNPC and Chevron have started building gas production capacity at the Chuandongbei gas field in southwestern Sichuan province, the top Chinese oil and gas firm said on Thursday, more than three years after they inked a cooperation deal.
The companies whose shares are moving in pre-market trade on Thursday are: Priceline.Com, Integrys Energy, ConocoPhillips, Chesapeake Energy, Chevron Corp, E TRADE Financial, Red Hat, Suntrust Banks, Monster Worldwide and eBay.
Stocks sank for a second consecutive day in tandem with oil prices surging to 28-month highs as continued turmoil and violence in Libya shatters traders nerves.
U.S. stocks are plunging and oil prices are surging on fears over the continued violent unrest in Libya.
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.
A court in Ecuador's Amazon told Chevron Corp on Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case.
A court in Ecuador has fined US oil explorer Chevron (NYSE: CVX) $8-billion for polluting part of the country's Amazon region.
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.
South African petroleum company Engen is looking to expand in Mauritius after it concluded an agreement on Tuesday to buy Chevron's business in the Indian Ocean island, it said on Wednesday.
Chevron Corp's fourth-quarter profit easily topped Wall Street forecasts on Friday, but anemic growth of its oil reserves disappointed investors, and its shares slipped.
Chevron Corp reported a higher-than-expected fourth-quarter profit on Friday, lifted by the sharp rise in oil prices and the sale of its stake in a pipeline company.
The companies that reported earnings before the markets open on Friday are: Ford Motor, Chevron Corp., Honeywell International, Dominion and Dover.
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.
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.
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.
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.
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.
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.
