CHEVRON

Chevron Corp said on Wednesday it had filed an international arbitration claim against Ecuador, opening a new front in its defense against a $27 billion environmental damage claim in Ecuadorean court.

U.S. oil firm Chevron has agreed to sell nearly 3 million tonnes a year of liquefied natural gas from its Gorgon project in Australia, paving the way for a final investment decision in coming weeks.

Is oil giant Chevron afraid of a movie? One of the stars of Crude, a documentary about a $27 billion environmental lawsuit filed against the company on behalf of residents of Ecuador's Amazon, certainly thinks so. A spokesman for Chevron vehemently denies it.

Chevron Corp has started pumping crude oil from the Tombua-Landana project offshore Angola, with plans to raise output to 100,000 barrels per day by 2011, the company said on Wednesday.

Ecuadorean authorities said on Tuesday they were looking into accusations by Chevron Corp that the judge involved in a $27 billion environmental lawsuit against the U.S. oil company is guilty of misconduct and involvement in a bribery scheme.

Chevron Corp posted on Friday a 71 percent drop in profit on weaker energy prices and fuel demand due to the economic slump, but it raised estimated 2009 output and said cost cuts were on track.

Chevron Corp reported a 71 percent drop in second-quarter profit Friday as oil and gas prices fell from a year earlier and the economic slump shrank demand for fuel.

Chevron Corp's proposed Gorgon liquefied natural gas (LNG) project needs to meet more stringent environmental conditions before it can obtain final approval from the Australian government.

Stocks fell on Friday, with the Dow industrials and the S&P 500 set for their fourth weekly drop, after Chevron's warning about its second-quarter results prompted investors to sell some energy shares.

The Dow industrials and the S&P 500 opened lower on Friday after Chevron Corp warned about second-quarter earnings, compounding worries about the energy sector's outlook amid a drop in oil prices.

U.S. stock index futures pointed to a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.

U.S. stock index futures pointed to a lower open on Friday after Chevron Corp warned about its second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.

* U.S. stock index futures pointed to a lower open on Wall Street on Friday, as investors turned cautious after oil major Chevron Corp warned over its second-quarter earnings.

Chevron Corp warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent.

Chevron Corp said on Thursday it expected second-quarter earnings to be hit by a sharp decline in U.S. refining margins, while better prices on the production side would be largely offset by foreign currency effects.

Chevron Corp plans to appeal a California judge's ruling that halted a $1 billion project to build a hydrogen plant at its San Francisco Bay refinery in Richmond, California, a company spokesman said on Thursday.

Chevron upcoming, Jobless claims and retail sales effects

Bangladesh's state-run oil and gas authority said on Thursday it had approved a plan by U.S. energy firm Chevron to invest $52 million to augment natural gas supply in the country.

Nigeria's main militant group said on Monday it had sabotaged an oil pumping station in the Niger Delta operated by Chevron, the fifth attack claimed against the U.S. energy company in less than a month.

The head of oil company Chevron Corp said efforts to cut U.S. carbon emissions by 80 percent by 2050 were unrealistic because so much current energy infrastructure would have to be replaced.

Opponents of a new hydrogen plant under construction at Chevron Corp's San Francisco Bay-area refinery in Richmond, California, plan to ask a California judge to stop the project because of a flawed environmental impact report, an attorney said Tuesday.