Latest Chevron Corp News

House passes bill to crack down on gasoline 'price gouging'

May. 19, 2022 16:49 PM EDT

WASHINGTON (AP) — A closely divided House approved legislation Thursday to crack down on alleged price gouging by oil companies and other energy producers as prices at the pump continue to soar. A bill backed by House Democrats would give President Joe Biden authority to declare an...

US to ease a few economic sanctions against Venezuela

May. 17, 2022 19:51 PM EDT

CARACAS, Venezuela (AP) — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás Maduro. The limited changes will allow...

Buffett's firm reveals new stakes in Paramount, Citigroup

May. 16, 2022 20:31 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company's recent...

Uber, Elanco fall; TreeHouse Foods, Energizer rise

May. 09, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: TreeHouse Foods Inc., up $4.42 to $34.96. The maker of own-brand packaged food for grocery stores beat analysts' first-quarter earnings and revenue forecasts. Uber...

Buffett's Berkshire keeps buying Occidental Petroleum stock

May. 05, 2022 15:36 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway continued buying Occidental Petroleum shares this week just days after he told shareholders that he had amassed a 14% stake in the oil producer. Berkshire Hathaway now controls 15.2% of Occidental's stock after buying nearly...

Warren Buffett tells shareholders about spending $51 billion

Apr. 30, 2022 18:13 PM EDT

OMAHA, Neb. (AP) — Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Tens of thousands of...

Exxon profits surge despite $3.4B hit from Russian exit

Apr. 29, 2022 13:01 PM EDT

NEW YORK (AP) — Exxon Mobil reported $5.48 billion in profits during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year. But the oil giant took a huge hit as it abandoned its Russian operations due to the...

Malaysian state energy company leaves Myanmar gas project

Apr. 29, 2022 12:00 PM EDT

BANGKOK (AP) — Petronas, Malaysia’s state-owned oil and gas company, announced Friday that it is withdrawing from its participation in Myanmar’s offshore Yetagun natural gas project. The company, through two subsidiaries, has held a 40.9% participating interest in the project,...

Top Democrats push for federal crackdown on high gas prices

Apr. 28, 2022 16:28 PM EDT

WASHINGTON (AP) — Citing growing worries about high gasoline prices, Democratic leaders announced an effort Thursday to give the Federal Trade Commission increased authority to crack down on companies that engage in price gouging. In doing so, they downplayed the possibility of...

Biden increases oil royalty rate, scales back lease sales

Apr. 15, 2022 20:06 PM EDT

BILLINGS, Mont. (AP) — The Interior Department on Friday said it’s moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will sharply increase royalty rates for companies as federal officials weigh efforts to fight climate...