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The news comes two days after Chevron devalued itself by between $3.5 billion and $4 billion in its securities filing.
‘We live in the real world, and have to allocate capital to meet real-world demands,’ says Chevron CEO Mike Wirth
An explosion closed a second Chevron facility in Nigeria, witnesses said Friday, as renewed attacks by militants further cut production in Africa’s biggest petroleum producer.
NEW YORK— U.S. stocks recovered much of an early plunge, but the price of oil suffered its worst one-day drop since September.Energy companies were pummeled as the latest fall in oil threatened more damage to an industry that has been stricken with b...
The agreement does not include an admission or denial of wrongdoing.
Although no one has got a clear crystal ball, there is an increasing acceptance that price recovery will take years.
We might have a new energy superpower to talk about. Guyana apparently controls vast amounts of offshore oil and gas. But Venezuela is on its way to claim it.
Exxon Mobil agrees to pay $1.6 million for damages from last July’s ruptured pipeline, which spilled over 1,000 barrels of oil into the Yellowstone River 20 miles upstream from Billings, Montana.
Venezuela said on Monday that it would compensate oil giant ExxonMobil $255 million for its 2007 nationalization of a joint venture project in the South American nation.
