Latest Chevron Corp News

Venezuela's gov, opponents resume talks; US eases sanction

Nov. 26, 2022 15:34 PM EST

MEXICO CITY (AP) — Venezuela’s government and its opposition on Saturday agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks...

Biden eases Venezuela sanctions as opposition talks resume

Nov. 26, 2022 15:04 PM EST

WASHINGTON (AP) — The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition. The Treasury Department is allowing Chevron to resume “limited”...

Buffett's firm cuts stakes U.S. Bank, BYD; adds chip maker

Nov. 14, 2022 19:15 PM EST

OMAHA, Neb. (AP) — Warren Buffett's company slashed its stake in U.S. Bank's parent company and also sold shares in Chinese electric car maker BYD in the third quarter, according to regulatory filings Monday. The moves were among several others including a more than $4.1 billion...

UN experts urge stringent rules to stop net zero greenwash

Nov. 08, 2022 14:05 PM EST

SHARM EL-SHEIKH, Egypt (AP) — Companies pledging to get their emissions down to net zero better make sure they've got a credible plan and aren't just making false promises, U.N. experts said in a report Tuesday urging tough standards on emissions cutting vows. Released at the the...

Loss and damage: Fight over human harm, huge climate costs

Nov. 08, 2022 05:45 AM EST

SHARM EL-SHEIKH, Egypt (AP) — It was a total loss — the type that is usually glossed over in big impersonal statistics like $40 billion in damage from this summer's Pakistan floods that put one-third of the nation underwater. “We lost everything, our home and our...

Warren Buffett's firm reports $2.7B loss on investment drop

Nov. 05, 2022 14:42 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. ...

Venezuela, opposition reported preparing to resume talks

Nov. 04, 2022 20:29 PM EDT

MEXICO CITY (AP) — The Venezuelan government and the political opposition are preparing to resume talks stalled for more than a year, people familiar with the process told The Associated Press on Friday. Three people — someone close to opposition leader Juan Guaidó and two...

BP profits soar in 3Q as pressure increases for windfall tax

Nov. 01, 2022 06:04 AM EDT

LONDON (AP) — BP’s earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine. Underlying replacement cost profit, which excludes one-time items and fluctuations in the...

Biden paints oil firms as war profiteers, talks windfall tax

Oct. 31, 2022 19:44 PM EDT

WASHINGTON (AP) — President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don't boost domestic production. Biden in brief remarks criticized major oil companies for making...

Oil giants rake in steep profits amid high energy prices

Oct. 28, 2022 12:05 PM EDT

Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas company said Friday that it booked...