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Chevron on Friday reported second-quarter earnings that took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major’s net income declined about 44% to $2.49 billion, or $1.45 per share, from $4.43 billion, or $2.43 per share, in the same period last year. Chevron booked … Read more
It took barely 24 hours this week for the Trump administration to execute its latest reversal on Venezuela, with the fate of a huge Chevron Corp. venture hanging in the balance as closed-door White House differences broke into the open. Prices of the country’s bonds gyrated as one senior official announced on Tuesday the company’s … Read more
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Chevron will slow the pace of its share buybacks, as falling crude prices hit the oil major’s first-quarter profit. U.S. crude oil prices have dropped about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market. The oil major … Read more
Chevron Corporation (NYSE: CVX) reported a sharp fall in profit for the first quarter of 2025 when the energy exploration company’s revenues declined YoY. Revenues and other income totaled $47.6 billion in the March quarter, down 2% from $48.7 billion reported in the year-ago quarter. Net income attributable to the company plunged to $3.50 billion … Read more
an updated Google map shows the Gulf of America on February 10, 2025 in San Anselmo, California. Google has renamed the Gulf of Mexico to “Gulf of America” on Google Maps for United States users after U.S. President Donald Trump signed an executive order on his first day in office to change the name. Justin … Read more
The Biden administration secretly permitted Chevron Corp. to pay hundreds of millions of dollars to the Venezuelan government despite a license that explicitly prohibited such disbursements, according to people familiar with the matter. The supplement to a November 2022 sanctions waiver allowed Chevron to remain in compliance with US law while paying the regime of … Read more
Trump’s slashed Chevron’s license to drill and export oil in Venezuela. Now, Chevron is calling for long-lasting legislation. Read More
“So we’ll have an asset that will produce something over 1 million barrels a day for many, many years into the future.” Read More
“And so, you know, there’s certain aspects of it that are that are accurate and others that are probably just a touch exaggerated.” Read More
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