Latest Chevron Corp News

House Minority Leader Kevin McCarthy of Calif., President Donald Trump, and Chevron CEO Mike Wirth listen during a meeting with energy sector business leaders in the Cabinet Room of the White House, Friday, April 3, 2020, in Washington. (AP Photo/Evan Vucci)

White House convenes oil CEOs as bust threatens US boom

Apr. 3, 2020 7:08 PM EDT

WASHINGTON (AP) — President Donald Trump offered assurances of better times and coronavirus tests to oil CEOs at a White House summit Friday, but no firm proposals for easing the industry's way as the coronavirus pandemic and plunging petroleum prices threaten America's yearslong fracking boom. Executives...

Chevron, IHS Markit rise; Invesco Mortgage, Milestone fall

Mar. 24, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday: IHS Markit Ltd., up $12.90 to $58.30. The financial data provider beat Wall Street's fiscal first-quarter profit forecast. Genworth Financial Inc., up 77 cents to $3.75. New York State regulators reapproved the financial services...

FILE - This Friday, Nov. 22, 2013, file photo shows the Centenario deep-water drilling platform off the coast of Veracruz, Mexico in the Gulf of Mexico. Bidding on federal oil and gas leases in the Gulf of Mexico on Wednesday, March 18, 2020, was the lowest since gulf-wide sales began in August 2017, and lower than any sale since 1993 for the productive central Gulf. (AP Photo/Dario Lopez-Mills, File)

Oil and gas lease bidding in Gulf of Mexico drops anew

Mar. 18, 2020 6:53 PM EDT

NEW ORLEANS (AP) — Bidding on federal oil and gas leases in the Gulf of Mexico on Wednesday was the lowest since gulf-wide sales began in August 2017 — and lower than any sale since 1993 for the productive central Gulf. Twenty-two companies made $93 million in high bids on 71 tracts, according to...

United Airlines, Chevron fall; FedEx, Citrix rise

Mar. 18, 2020 4:21 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Boeing Co., down $22.25 to $101.89. The troubled jet maker has fully drawn about $13.8 billion of existing credit as it faces a sharp drop in demand. United Airlines Holdings Inc., down $9.29 to $21.38. The airline cancelled...

Feds forge agreements for Superfund clean-up on Willamette

Mar. 10, 2020 1:51 PM EDT

PORTLAND, Ore. (AP) — The U.S. Environmental Protection Agency has announced eight new agreements with parties responsible for cleaning up the Portland Harbor Superfund Site on the Willamette River. The agency said it has now signed cleanup agreements covering more than half of the Superfund site area,...

A woman wearing a protective face mask walks by the investment icon bull statue on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)

Asian stocks steady after plunge on virus, oil crash

Mar. 10, 2020 2:42 AM EDT

BEIJING (AP) — Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump's announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. Oil prices also recovered some of their...

FILE - In this Thursday, Aug. 31, 2017, file photo, a flame burns at the Shell Deer Park oil refinery in Deer Park, Texas. With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs continue to slash jobs. (AP Photo/Gregory Bull, File)

Oil prices fall as coronavirus spreads outside China

Mar. 1, 2020 11:49 PM EST

NEW YORK (AP) — With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further. That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs continue to slash jobs. Hundreds of new cases...

FILE - In this Nov. 23, 2019, file photo, Harvard and Yale students protest during halftime of the NCAA college football game between Harvard and Yale at the Yale Bowl in New Haven, Conn. Students alarmed by climate change are stepping up pressure on universities to stop investing in fossil fuel industries and are gaining wider traction in 2020. (Nic Antaya/The Boston Globe via AP, File)

Students push universities to stop investing in fossil fuels

Feb. 19, 2020 12:52 PM EST

NEW HAVEN, Conn. (AP) — Students alarmed by climate change are stepping up pressure on universities to pull investments from fossil fuel industries, an effort that is gaining traction at prestigious schools like Georgetown, Harvard and Yale. The push that is underway at hundreds of schools began nearly a...

FILE - In this Aug. 27, 2018 file photo, Russian President Vladimir Putin, left, listens to Russian Rosneft CEO Igor Sechin during his flight to visit Chernigovets coal mine, in Beryozovsky, Kemerovo region, Russia. On Tuesday, Feb. 18, 2020, the Treasury Department slapped sanctions on Rosneft’s trading arm and its CEO, accusing the Geneva-based firm of providing a critical lifeline to Venezuela’s President Nicolas Maduro. (Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP, File)

Ending Putin's support of Venezuela no easy feat for US

Feb. 19, 2020 10:42 AM EST

MOSCOW (AP) — In October 2016, the head of Russia's largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains of Venezuela, to unveil a giant bronze statue of the late socialist leader that he and his longtime friend, Russian President Vladimir Putin, commissioned...

$800K to be spent from oil settlement fund in Maine

Feb. 17, 2020 7:52 AM EST

AUGUSTA, Maine (AP) — Maine and federal environmental officials have signed off on a decision to use an $800,000 environmental settlement to fund restoration projects in Hampden, Charleston, Sedgwick and Brooksville. The projects are located in Kenduskeag Stream, Sucker Brook and the Bagaduce River. The...