Stocks jumped on Monday, with the Dow and S&P 500 gaining 4 percent after the U.S. government released the details of a plan to clean out toxic assets from banks' balance sheets.
Major companies in the oil industry pushed the U.S. Congress Wednesday for the permanently lifting of a moratoria that blocks them from drilling offshore and reach tremendous amounts of oil and gas resources.
Crude oil futures ended with gains on Thursday as speculation rose that a renewed strike in Nigeria may curb supplies.
U.S. stocks plunged on Tuesday after oil soared to nearly $130 a barrel fueling concerns that commodity prices will further dampen U.S. consumption levels, while analysts forecast more credit losses and faster inflation.
Chevron Corp. said that about 1,100 employees are eligible for severance payments at the end of the first quarter, after eliminating the positions as part of a restructuring and reorganization plan.
Chevron Corp's net income for the first quarter rose 9.6 percent as surging oil prices offset narrower refining margins.
Chevron Corp. and Total confirmed that they are in talks with the Iraqi government to expand production at a major oil field in Basra, southern Iraq.
Commodity Online PHNOM PHEN: Cambodian National Petroleum Authority ( CNPA ) on Wednesday announced its intention to start oil production by 2011.
Chevron Corp's third-quarter earnings fell more than 25 percent, missing analyst estimates on sharply lower profits from gasoline production.
An energy development consortium led by U.S. oil producer Chevron Corp. in Kazakhstan is facing challenges from the Russian government over a pipeline that runs through Russian territory, the Wall Street Journal reported.
Exxon Mobil, ConocoPhillips and Chevron Corp. will likely participate in India's seventh round of auctions under the New Exploration Licensing Policy (NELP), the Business Standard said on Sunday.
Chevron Corp posted a better-than-expected 24 percent rise in quarterly earnings on Friday on higher profits from its refineries and a gain from the sale of its stake in power company Dynegy Inc. Net income in the second quarter increased to $5.38 billion, or $2.52 a share, from $4.35 billion, or $1.97 a share, last year.
Chevron Corp and the National Renewable Energy Laboratory will work together to further develop the research of renewable energy fuels.
