The U.S. oil giant is engaged in a battle with Ecuadoran courts over $18 billion in environmental damages. While that saga continues, a judge in New York said Chevron doesn't have to pay a $21.8 million fine.
In a new twist to the class claims lawsuit against India-based conglomerate Larsen & Toubro and its U.S. subsidiary L&T Infotech, an amended complaint has been filed to include yet another former female employee of the company who has alleged gender and pregnancy discrimination, and has also outlined in detail massive immigration violations that the company was indulging in.
On Tuesday police and other authorities dealt with their 11th bomb threat in three weeks at the University of Pittsburgh.
Stock index futures fell on Wednesday after minutes of the Federal Reserve's March meeting released on Tuesday showed policymakers were less inclined to provide more economic stimulus, curbing investors' appetite for risky assets.
Chevron (NYSE: CVX) and Transocean (NYSE: RIG) will soon know which Brazilian court will preside over a criminal trial stemming from a November 2011 oil spill.
Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.
Chevron Corp. (NYSE: CVX), the second largest U.S. oil company, lost its fourth attempt to avoid paying $18 billion in environmental fines for polluting tracts of the Amazon.
Despite Monday's 92-4 vote, Republicans are likely to kill the bill later this week if, as expected, they're not allowed by the Senate's Democratic leadership to propose amendments.
Chevron Corp. (NYSE: CVX) the second largest U.S. oil company, will not be expelled from Brazil for pollution, a government official said.
Stocks mostly inched higher on Friday as rising energy shares offset early weakness, though the S&P 500 remained on track to break a five-week streak of gains.
Chevron's offenses in the drilling of a well that caused an offshore oil spill in November did not amount to negligence, Brazil's oil regulator said Thursday.
Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.57 percent and Nasdaq 100 futures down 0.58 percent at 1000 GMT.
Brazilian prosecutors filed criminal charges against Chevron (NYSE: CVX) and Transocean (NYSE: RIG) executives Wednesday for their role in a November offshore oil spill.
Chevron (NYSE: CVX) oil executives face criminal charges in Brazil after company drilling caused an oil spill in the South Atlantic.
Chevron officials announced Wednesday the company's most recent oil spill off the coast of Brazil is not linked to a previous oil leak in November.
Royal Dutch Shell Plc (NYSE:RDS) signed Wednesday the first-ever production sharing contract with China's state-owned China National Petroleum Corp., or CNPC, as the world's second largest economy seeks to develop its untapped reserves, similar to those that gave rise to the U.S. natural gas boom, with the help of foreign technology.
Chevron, before a recent leak off Brazil, was blamed for spilling about 3,000 barrels of oil last November. The detention of the foreign executives raises questions about Brazil's willingness to pursue offshore drilling.
Just as Chevron Corp., the second-largest U.S.-based oil company, hoped to restart its offshore drilling operations in Brazilian waters, the company experienced a setback.
Chevron on Thursday continued its attempts at not paying billions in environmental fines for pollution the company says it didn't commit.
Chevron, the second largest oil and natural gas company in the U.S. is hoping to resume offshore drilling in Brazil as soon as possible.
The U.S.-based oil giant is questioning the judicial conduct of Nicholas Zambano after the Ecuadorean jurist was dismissed for improperly freeing an alleged drug trafficker.
Vladimir Putin declared victory in Sunday's election, but it remains to be seen how much power he'll wield over his country's vast stockpiles of oil and natural gas when he returns to the presidency in May.
