Chevron

Cuts to Low-Carbon Spending: Chevron’s Strategic Shift in a Tightening Market

17 days ago

Chevron Corporation, a leading American multinational energy company, has announced a significant reduction in its low-carbon spending. The company plans to decrease its investments in this area by 25%, a decision that reflects a broader trend of financial restraint as the industry adapts to a challenging economic landscape.

Chevron Hits the Brakes on Permian Growth: A Complication for Trump's Oil Strategy

18 days ago

In a significant development for the oil industry, Chevron has announced a slowdown in its growth plans in the Permian Basin, a move that poses a challenge to the broader energy strategy advocated by former President Donald Trump. The Permian Basin, located in western Texas and southeastern New Mexico, has been at the forefront of the U.S. oil boom, contributing substantially to the country's energy production.

Chevron Signals Potential Job Cuts Amid $3 Billion Cost-Cutting Initiative

2 months ago

Chevron Corporation has issued a stark warning regarding potential job cuts as part of its ambitious $3 billion cost-cutting strategy. This announcement has raised concerns among employees and industry analysts alike, as the energy giant explores ways to enhance efficiency and streamline operations amidst shifting market dynamics.

Catalyst for Growth: Chevron Surprises Wall Street with Strong Earnings Driven by Permian Basin Production

2 months ago

Chevron Corporation has delivered a robust financial performance in its latest quarterly results, exceeding Wall Street expectations. The energy giant attributed its success primarily to heightened oil production from the Permian Basin, one of its key operational areas. This announcement has sparked renewed interest and confidence among investors, positioning Chevron as a formidable player in the competitive oil market.