Chevron Financial News

Subscribe to enjoy similar stories.Exxon Mobil, Chevron and other energy companies are speeding up their searches for new oil-and-gas prospects—far away from the perils of the war in the Middle East.Exxon recently outlined a potential plan to pump up to $24 billion into Nigeria’s deep-water oil fields, while Chevron expanded its footprint in Venezuela. BP bought stakes in oil blocks off the coast of Namibia, and TotalEnergies signed an exploration deal with Turkey.

Subscribe to enjoy similar stories.The third gulf war should, in theory, be a huge blessing for big oil. In January most analysts had expected Brent crude, the global oil-price benchmark, to average $60 a barrel in 2026. It ended the first quarter at $118; refined products have risen faster still.

Subscribe to enjoy similar stories. MIDLAND COUNTY, Texas—Perched in the control room of a Chevron rig, an operator steered a drilling bit thousands of feet under the arid surface of the Permian Basin. As he did so, he received real-time directions from a specialist in Houston, some 477 miles away.

Subscribe to enjoy similar stories. New Delhi: State-run Oil and Natural Gas Corp. (ONGC) has reached out to as many as 10 global energy players to participate in its tender for the role of technical services provider (TSP) to enhance production in its western offshore fields, Pankaj Kumar, director (production) at ONGC, said to mediapersons on the sidelines of India Energy Week.

Subscribe to enjoy similar stories. When Venezuela booted out American oil companies in a nationalization campaign nearly two decades ago, China stepped in. Now, Beijing’s foothold there is in doubt as the U.S.

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US President Donald Trump invoked rarely used US wartime legislation to fly the Venezuelans to El Salvador on March 16, without the migrants being afforded any kind of court hearing. Salvadoran President Nayib Bukele said 238 Venezuelans were sent to his country after the United States accused them of being part of the Tren de Aragua criminal gang. It is an «embarrassment that has been committed with the kidnapping and forced disappearance of 324 Venezuelan migrants who were taken to a Nazi concentration camp in El Salvador,» Maduro said at a meeting in Caracas with foreign ministers from the Bolivarian Alliance for the Peoples of Our America (ALBA) bloc. Maduro did not explain where he got the figure from, and acknowledged that he does not yet have an official list.

AI took center stage in many sessions at the world's largest energy gathering. Oil producers are seeking ways to remain profitable in an environment of plummeting oil prices and worries that U.S. President Donald Trump's tariffs could slow global energy demand. UK oil major BP is using AI to steer drill bits and predict potential problems in wells before they happen, said Ann Davies, BP's senior vice president of wells.

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Subscribe to enjoy similar stories. LONDON : BP said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its flagging share price. The struggling British energy company announced the moves Wednesday as part of a much-anticipated strategy update aimed at winning over investors.

Hermes illuminated a gloomy Paris afternoon with its fall 2025 men’s collection, as Veronique Nichanian turned to the racetrack for inspiration

Venezuela in 2022. Following years of authoritarian rule and withering economic sanctions, President Nicolas Maduro had agreed to work toward a democratic presidential election. The White House, in return, granted him a financial lifeline: a permit for U.S. energy giant Chevron to pump and export Venezuelan oil.

Geothermal energy startups are on the upswing with big tech companies looking to feed their power-intensive AI data centres, but long-term investments remain uncertain as oil majors double down on natural gas. Meta and Alphabet's Google are among the tech companies partnering with startups proposing to produce geothermal electricity, to power their data centres. Large data centre operators are also racing to meet the energy needs of artificial intelligence, accelerating a range of clean technologies in the process.

Cypriot authorities are in talks with major energy companies from Persian Gulf states over potential natural gas reserves off the Mediterranean country's southern coastline, President Nikos Christodoulides told an energy conference Friday

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition

crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter, raising doubts over the payouts’ long-term sustainability. Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc are expected to post a 12% dip in earnings from last quarter to a combined $24.4 billion when they report results this week, according to the average of analysts’ estimates compiled by Bloomberg. That will leave them all — except Shell — unable to cover their dividends and buybacks with free cash flow, which is expected to be 30% lower than a year ago.

Oregon's Multnomah County, home to Portland, has added the state's largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies

Chevron Corp. has agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for US$6.5 billion.

Venezuela’s main opposition coalition has urged the U.S. to cancel licenses for Chevron and other energy companies

Subscribe to enjoy similar stories. Some workers who labor in hot temperatures outdoors or in factories or warehouses are getting some high-tech relief. New technologies, some using artificial intelligence, that aim to save workers from becoming overheated and dehydrated are starting to enter the workplace.