Chevron Corp has made a deepwater discovery in the Gulf of Mexico at the Moccasin prospect, the site of the first exploratory well permit after the end of last year's deepwater moratorium.
The tropical depression will be called Lee if it upgrades to a tropical storm. It is currently creeping north through the Gulf of Mexico. It could spur torrential rains and coastal flooding from the Florida Panhandle to Texas-Louisiana border, National Hurricane Center Director Bill Read told the media.
Whether Hurricane Katia will have any impact on the United States is still uncertain, but forecasters are keeping a watchful eye on a new tropical threat in the Gulf of Mexico.
Exxon Mobil Corp and Rosneft on Monday announced a deal to extract oil and gas from the Russian Arctic, marking a significant milestone in Russia's patchy history with foreign corporate investors.
Exxon Mobil and Rosneft, Russia's top crude oil producer, announced a strategic agreement on Tuesday to jointly develop oil in the Russian Artic.
Australia-based Allied Gold Mining plc said Wednesday it is not concerned about possible changes to legislation in Papua New Guinea regarding resource extraction.
A federal panel sketched out its first vision of a regulatory roadmap for the booming shale natural gas industry on Thursday, urging more transparency on the use of chemicals and more careful treatment of waste water.
Market capitalization, also called market cap, means the total dollar market value of a company's all outstanding shares. It represents the aggregate value of a company or stock.
Time Inc.'s Fortune magazine released its annual Fortune Global 500 list, which is a ranking of the top 500 corporations worldwide as measured by revenue. Start slideshow to view a gallery of the top 10 biggest companies in the US.
Time Inc.'s Fortune magazine released its annual World's largest corporations ranked by revenue that appeared in its annual Fortune Global 500 list.
A recent Barron's article predicted that oil prices could top $150 next year and if this becomes true it could wreak havoc on the global economy with a devastating impact.
A big banner with the words Chevron Guilty: Clean Up Amazon fluttering under Richmond-San Rafael bridge on Monday morning, hung by 5 environmentalists who have accused the energy giant of causing rainforest pollution in Amazon,have got them into trouble.
Stocks rallied broadly today supported by a surge in commodity prices.
U.S. stocks dropped sharply (wiping out this week’s advances) in tandem with plunging commodity prices
U.S. stocks fell in early trade on Tuesday as Alcoa sales missed estimates and energy stocks declined as oil prices plunged more than 2 percent.
It is important that the United States begin to live within its means and address the federal deficit. But the American Physical Society (APS) believes that as a nation we need to be smart about how we do it. Cutting spending across the board without a clear understanding of what it means for America's future jeopardizes the very future we want to secure for our children.
Here is a list of top ten largest U.S. companies by market capitalization.
Golf legend Tiger Woods answers questions at a press conference.
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.
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.
