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Big Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’s Permian Basin to the Gulf of Mexico to deepwater Guyana despite concerns of a rising global oil glut as OPEC nations keep exporting more barrels each month. The production increases threaten to further exacerbate a weaker … Read more
Energy company Chevron Corporation (NYSE: CVX) on Friday announced results for the third quarter of fiscal 2025, reporting a decline in adjusted earnings. In the third quarter, total revenues and other income were $49.7 billion, vs. $50.7 billion reported in the year-ago quarter. Net income attributable to the company declined to $3.54 billion or $1.82 … Read more
Warren Buffett may be retiring as CEO of Berkshire Hathaway at the end of this year, but the investment decisions of the conglomerate still reveal a great deal about the Oracle of Omaha’s take on the economy. Throughout 2025, Berkshire’s investments have focused on brands heavily exposed to the health and prospects of consumers. American … Read more
An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025. Allen J. Schaben | Los Angeles Times | Getty Images A huge fire broke out on Thursday night at a Chevron oil refinery in California, one of the largest … Read more
close Video Fox News Flash top headlines for October 2 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com. NEWYou can now listen to Fox News articles! A massive fire erupted at an oil refinery in Southern California Thursday evening. Firefighters were dispatched around 9:35 p.m. to the Chevron refinery in … Read more
Exxon Mobil authorized a $6.8 billion expansion offshore of sparsely populated Guyana, it announced Sept. 22. The project is its seventh in just a decade within the massive South American oil development. The new project, named Hammerhead, is Exxon’s first with archrival Chevron as its largest partner in Guyana after Chevron in July closed on … Read more
Chevron’s stock declined sharply this week before paring back losses, as mounting concerns about volatility in the global oil markets spooked traders. Another group of worried market watchers? Tech companies, big and small. Casual observers sometimes wonder why technology stocks—often seen as disconnected from the oil industry—sometimes react sharply to oil price movements and related … Read more
For years Big Oil producers chased U.S. shale profits with big spending hikes while seeking something even more elusive than the next big gusher: steady, sustained profitability. Now Chevron, long the industry’s No. 2 player, believes it hit upon a formula for just that. Leaning on West Texas’ booming Permian Basin, Chevron says its combination … Read more
Energy company Chevron Corporation (NYSE: CVX) announced results for the second quarter of 2025, reporting a decrease in earnings and revenue. Revenues and other income totaled $44.8 billion in the June quarter, down from $51.18 billion reported in the year-ago quarter. Net income attributable to the company declined sharply to $2.49 billion or $1.45 per … Read more
The top Big Oil giants in the Western Hemisphere, Exxon Mobil and Chevron also are the top producers in the booming Permian Basin—but they’re pledging to take very different paths going forward. While West Texas production leader Exxon aims to spike its volumes another 50% in the next five years and keep growing beyond 2030, … Read more
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