Chevron

CalPERS Targets Chevron and Saudi Aramco as Climate Investment Risks

1 month ago

The California Public Employees' Retirement System (CalPERS), the largest public pension fund in the United States, has recently identified Chevron and Saudi Aramco as significant climate investment risks. This decision comes as part of a broader push for sustainable investment practices and a response to growing pressures regarding environmental, social, and governance (ESG) concerns.

Trump Leverages Chevron's Oil Interests Against Maduro’s Regime in Venezuela

2 months ago

In a strategic move that underscores the intermingling of corporate interests and international diplomacy, former President Donald Trump is reportedly seeking to use Chevron’s operations in Venezuela as leverage against President Nicolás Maduro. This development comes amid a complex political landscape in Venezuela, where the U.S. continues to impose sanctions aimed at undermining Maduro’s government.

Houston's Oldest Refinery to Cease Operations: A Signal of Bigger Changes Ahead

2 months ago

The oil and gas landscape in Houston is facing significant shifts as one of its oldest refineries is set to close its doors. This decision, stemming from a combination of economic pressures and evolving energy policies, marks a pivotal moment for the city, setting the stage for transformations that may ripple through the entire industry. The impending closure highlights not just the fate of the refinery itself but also reflects broader trends impacting the future of petroleum refining in the region.

Chevron Plans Significant Workforce Reductions by 2026

2 months ago

Chevron Corporation, one of the largest oil companies in the world, has announced a strategic initiative that may lead to workforce reductions of up to 20% by the year 2026. This decision comes as the company seeks to enhance its operational efficiency amidst a shifting energy landscape and ongoing economic pressures.

Chevron Boosts Dividend Despite Disappointing Earnings Amidst Oil Market Challenges

2 months ago

Chevron Corporation has recently announced an increase in its dividend payout, a move that comes in light of its fourth-quarter financial performance, which fell short of market expectations due to a significant drop in oil prices during the last quarter of 2022.

Chevron Confirms Normal Operations in Angola Following Oil Sheen Incident

2 months ago

Chevron has reported that its operations in Angola are functioning as usual following the observation of an oil sheen near the coastal area of the country. The company issued a statement affirming that there was no significant impact on its production or facilities as a result of the incident. This reaffirmation comes after local authorities and environmental groups raised concerns over the potential ecological repercussions of the reported oil appearance.

Chevron's Controversial Tax Payments in Venezuela Amidst Sanctions

3 months ago

Recent documents have revealed that Chevron, the American oil giant, has continued to file tax payments in Venezuela despite the stringent sanctions imposed by the U.S. government. This revelation raises significant questions about the company's strategy and its compliance with international regulations.

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

4 months 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

4 months 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

5 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.