Latest Chevron Corp News

State courts keep wetlands loss suits against oil companies

Aug. 10, 2020 8:07 PM EDT

NEW ORLEANS (AP) — Oil companies facing lawsuits that blame them for coastal wetlands loss in Louisiana lost an attempt Monday to move the suits to federal court. The 5th U.S. Circuit Court of Appeals in New Orleans upheld a decision keeping the suits in state court, where the six coastal parishes want...

FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange.  Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world.  (AP Photo/Richard Drew, File)

Oil giants lost billions as pandemic crushed demand for fuel

Jul. 31, 2020 3:47 PM EDT

NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving,...

A man wearing a face mask looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 22, 2020. Shares were mixed in Asia on Wednesday, with Australia’s benchmark down more than 1% on reports of a sharp rise in coronavirus cases in the Melbourne area. (AP Photo/Eugene Hoshiko)

Asian shares mixed after lackluster session on Wall Street

Jul. 21, 2020 11:15 PM EDT

MITO, Japan (AP) — Shares were mixed in Asia on Wednesday, with Australia’s benchmark down more than 1% on reports of a sharp rise in coronavirus cases in the Melbourne area. Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong. Adding to unease was a report by the U.S. Centers for...

A man wearing a face mask stands next to a bank's electronic board showing the Hong Kong share index in Hong Kong Tuesday, July 21, 2020. Asian shares were mostly higher Tuesday as hopes rose about a vaccine being developed to fight the coronavirus pandemic.(AP Photo/Vincent Yu)

Asia shares rise on vaccine hopes, tech rally on Wall Street

Jul. 20, 2020 11:53 PM EDT

Asian shares were mostly higher Tuesday on rising hopes for an effective vaccine to fight the coronavirus pandemic. Scientists at Oxford University reported that their experimental coronavirus vaccine prompted a protective immune response in hundreds of people who got the shot in an early trial. Other projects...

How major US stock indexes fared Monday

Jul. 20, 2020 7:21 PM EDT

Amazon and other big companies led stocks higher on Wall Street Monday, extending the market’s gains after a three-week winning streak. Gains by technology and communication stocks, and companies that rely on consumer spending, outweighed losses elsewhere in the market. Amazon jumped almost 8%. Noble...

Halliburton, BioNTech rise; ÇBL, PetMed fall

Jul. 20, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: Noble Energy Inc., up 53 cents to $10.18. Chevron will buy the energy company for $5 billion in the sector's first big deal since the coronavirus pandemic struck. Quest Diagnostics Inc., up $1.79 to $126.90. The FDA renewed its...

FILE - This Oct. 8, 2019, file photo the logo for Chevron appears above a trading post on the floor of the New York Stock Exchange. Chevron Corp. says it will acquire Noble Energy in an all-stock deal valued at $5 billion. The San Ramon, California-based Chevron has been shopping for an acquisition for months as oil prices have tanked due to the coronavirus outbreak.  (AP Photo/Richard Drew, File)

Stirring in the oil patch, Chevron buys Noble for $5 billion

Jul. 20, 2020 11:50 AM EDT

NEW YORK (AP) — Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year and with crude prices down more than 30% this year, it jumped Monday with its all-stock offering...

In first big deal since COVID-19 shook energy sector, Chevron takes over Noble in $5 billion, all-stock acquisition

Jul. 20, 2020 6:58 AM EDT
NEW YORK (AP) — In first big deal since COVID-19 shook energy sector, Chevron takes over Noble in $5 billion, all-stock acquisition.