CHEVRON

Exxon's third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents

The company, whose proposed $53 billion takeover of Hess has been delayed due to a challenge by rivals Exxon Mobil and CNOOC Ltd, reported a profit of $4.53 billion

The all-cash transaction, which is expected to close in the fourth quarter, is a part of its strategy to divest $10 billion to $15 billion of assets by 2028

Venezuela's main opposition coalition on Monday called on the US to cancel the licenses that allow Chevron and other energy companies to operate in the South American country to pressure President Nicols Maduro to negotiate a transition from power. The appeal came from an adviser to the campaign of Edmundo Gonzlez Urrutia, who represented the Unitary Platform coalition in the July 28 election, and his main backer, opposition leader Maria Corina Machado. Gonzlez and Machado claim their campaign won the vote by a wide margin, contradicting the decision of national electoral authorities to declare Maduro the winner. We want them cancelled this is a lifeline to the regime, adviser Rafael de la Cruz said in reference to the licenses during a panel discussion hosted by a Washington-based think tank. We want all the oil companies to go to Venezuela. So, it's not about the companies. It's about the situation that is impoverishing the country so badly that practically the whole population ..

Chevron, a global leader in providing energy solutions, on Saturday announced an investment of Rs 8,300 crore to set up its Engineering and Innovation Centre of Excellence here. The investment was announced during a high-profile meeting attended by the Karnataka Minister for Large and Medium Industries and Infrastructure Development, M B Patil and others. "Karnataka has been consistently leading the way in promoting economic growth and development. The collaboration between the state government and Chevron company in implementing this Rs 8,300 crore investment is a clear indication of the significant progress in engineering and innovation in Karnataka. The state government is committed to promoting innovation, economic growth and job creation," he said. Akshay Sahni, Country Head of Chevron India, shared the company's vision for the new centre and said, "It will provide an opportunity for India's exceptional talent to work with the resources and expertise of our global network to .

The centre will focus on improving operational reliability, low-carbon energy solutions, and subsurface geology for carbon storage

Chevron is buying Hess Corp. for USD 53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about USD 60 billion. Chevron said in a press release Monday that the acquisition of Hess adds a major oil field in Guyana as well as shale properties in the Bakken Formation in North Dakota. Chevron is paying for Hess with stock. Including debt, Chevron valued the deal at USD 60 billion.

BP's net income, missed expectations of $3.5 billion

Hindustan Petroleum Corporation Ltd (HPCL) has entered into an agreement to manufacture, distribute and market lubricants of global supermajor Chevron in India, the two companies said on Tuesday. "Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with HPCL. This collaboration encompasses the licensing, production, distribution, and marketing of Chevron's lubricant products under the Caltex brand, including Chevron's proprietary Havoline and Delo branded lubricant product," they said in a statement. The agreement provides for "Caltex-branded lubricants to be manufactured, distributed, and marketed in India by HPCL". HPCL already has its own brand of lubricants and this would be in addition to the existing ones. Commenting on the agreement, Brant Fish, President of Chevron International Products, stated, "We are extremely pleased to partner with HPCL to bring quality Caltex lubricants technology

Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in investing in India's oil, gas exploration and production sector, said India's oil minister, Hardeep Singh Puri

Exxon's stock rose 2.6 per cent at 9:33 am in New York. Chevron advanced 2.7 per cent

The US pair, along with UK-based Shell and France's TotalEnergies, combined to earn nearly $51 billion in the most recent quarter, almost double what the group brought in for the year-ago period

The probe delves into the dark corners of an industry that's under mounting pressure from investors, governments and society to address its impacts on local communities and the wider environment

Bloomberg reported that the purchase provided a boost to its Chevron Corp stake that vaulted the investment into Berkshire's top four common stock holdings

Total Energies and Chevron, two of the world's largest energy companies, have said they were exiting Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country's military overthrew the elected government in February. The announcement on Friday came just a day after the French company called for international sanctions targeting the oil and gas sector, which remains one of the military government's primary sources of funding. It also comes a month after an Associated Press story on the growing push for oil and gas sanctions on both companies and on the resistance from the United States and France. Total and Chevron had come under increasing pressure over their role in running the offshore Yadana gas field, along with the state-owned Myanma Oil and Gas Enterprise (MOGE) and Thailand's PTT Exploration & Production. Total has a majority stake in the venture and runs its daily operations, while MOGE collects revenues on behalf of the government. Total ..

The long-awaited report by the Interior Department stops short of recommending an end to oil and gas leasing on public lands

The company cut its annual capital spending forecast to about $13 billion, now below what it had spent last year.

The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices

Iraqi state-owned marketer SOMO has finalised a term contract to supply 750,000 tonnes of straight-run fuel oil (SRFO) per month from April to September, three fuel oil trade sources said

Chevron outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions