Wednesday 26 November 2014
 
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Chevron

Chevron net income surges to $5.6bn

Chevron Corporation has posted a higher-than-expected quarterly profit as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted third-quarter net income of $5.59 b

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Saudi, Kuwait shared zone tensions underlie oilfield closure

Saudi Arabia's closure of an offshore oilfield it shares with Kuwait has revived speculation of renewed tensions between the two, and put Chevron's role in the shared Neutral Zone in focus.   Crude output

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Bapco signs deal with CLG for modernisation push

Bahrain Petroleum Company (Bapco) has signed a deal with Chevron Lummus Global (CLG) to provide process technology for two units as part of its modernisation programme. Bapco chief executive Dr Peter Bartlett and US-based CLG'

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Chevron seeks $1.5bn for Canadian oil project

Chevron Corp has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, according to people familiar with the mat

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Chevron breaks ground on Kuwait oil project

Saudi Arabian Chevron along with Kuwait Gulf Oil Company broke ground on their integral oil project at Wafra in Kuwait. With this Main Gathering Center (MGC) Revamp Project, Saudi Arabian Chevron and its partner the Kuwait Gulf Oi

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Chevron Q3 net income plunges

Chevron has reported a surprise six per cent decline in quarterly profit, hurt by weakness in the oil refining business, while production from wells increased for the No 2 US oil company but remained below target. Chief executive

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Chevron on trial over $18bn Ecuador award

    Chevron Corp will try to convince a US judge this week that a group of Ecuadorean villagers and their US lawyer used bribery to win an $18 billion judgment against Chevron from a court in Ecuador, in the

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Total to buy Chevron's Egypt retail network

French oil major Total said it had agreed to buy the Egyptian retail network of US energy company Chevron, in a move it said would create its biggest marketing and services subsidiary outside Europe.   Total said

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Chevron quarterly net income falls 4.5pc

Lower oil prices bit into Chevron's quarterly profit which fell down 4.5 per cent to $6.2 billion as did refinery downtime and higher operating costs in its home market, but the oil company's shares rose as the earnings topped expectatio

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Chevron targets 25pc growth

Chevron Corporation, the second-largest US oil company, said it had already started nearly all the projects that would deliver 25 per cent growth in oil and gas output over the next half a decade. At its annual meeting with analys

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