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Few legal battles have been more exotic than the lawsuit tried over the past five years in a steamy jungle courtroom in Ecuador’s Amazon rain forest.
Lifted by record crude prices, Chevron Corp. says its second-quarter profit rose 11 percent from a year ago, capping another round of massive earnings for the major oil companies.
Chevron Corp. on Thursday projected a second-quarter loss from refining and selling fuel despite record-high gasoline prices that have been draining household and business budgets.Based on preliminary figures released Thursday, Chevron indicated it lost...
Coming off four straight years of record earnings, Chevron Corp. cashed in on soaring oil prices to begin 2008 with the most profitable first quarter in its history.The San Ramon-based company said Friday that it earned $5.17 billion, or $2.48 per share,...
Chevron says profits jumped more than 9 percent in the first quarter as higher oil prices made up for weakness on the refining and chemicals side of its business.The second-largest U.S. oil company earned $5.17 billion, or $2.48 per share, up from $4.72...
Chevron Corp. has agreed to pay $30 million to settle charges that it made illegal kickbacks to Iraq for oil purchased in 2001 and 2002 under the United Nation’s oil-for-food program.The Securities and Exchange Commission on Wednesday said Chevron...
Chevron Corp. third-quarter profit slid 26 percent, the steepest decline in five years as the energy market’s unpredictable pendulum swung against the second-largest U.S. oil company and most of its peers.The San Ramon-based company said Friday that it...
Chevron Corp.’s third-quarter profit plunged even further than analysts feared, driven by the second largest U.S. oil company’s inability to recover its higher refining costs at the gasoline pump.The San Ramon-based company said Friday that it earned...
Australian officials gave the green light Wednesday to the giant Gorgon gas project off the coast of northwestern Australia, clearing the way for Chevron Corp. and its partners to develop the country’s second liquefied natural gas plant _ but with...
Chevron Corp. reminded investors Tuesday that its third-quarter profit will drop sharply from the record levels reached during the spring, largely because the oil company made less money from refineries that feed gasoline pumps.The projection wasn’t a...
How would you like to have a car that runs on Hydrogen and produces nothing but water vapor for exhaust? I know that we already are heading in that direction and that it is called Hydrogen Fuel Cell Technology. But the technology is still in its...
In a recent court judgement America proved itself once again that it wont tolerate any racism in the country. An engineer of Indian origin who was fired by her employer, a multi-billion dollar corporate, after she complained of her senior’s racist...
Crude oil and gasoline prices once again topped $70 a barrel after the U.S. government’s assurance that the subprime crises will not push economy in the recession.
While trading, light, sweet crude for October delivery mounts $1.26 to $71.09 a...
Unstable oil prices are dithering major economies as recently U.S. crude oil prices surged to record highs of $78.77 before falling to around $72.
America urges OPEC to boost production to keep the tempo of oil prices stable, but Venezuela’s oil...
Gazprom confirmed French energy major Total as its partner to develop the Shtokman natural gas field. Total will control 25 percent stake to finance, build and own the field’s infrastructure.
ConocoPhillips, Chevron, Statoil, and Norsk Hydro...
Wal-Mart topped the recently released Fortune 500 list of America’s ‘largest corporations.’ It reclaimed the top position from Exxon Mobil, to which it had lost in the last year’s rankings. Wal-Mart, the world’s largest retailer, has now been...
ExxonMobil brought in the biggest annual profit ever by a US company in 2006, thanks to record-breaking oil prices.
The company profit surged 9 percent to $39.5billion, (more than its traditional European rival Shell’s record $25.4 billion), from...
Foreign oil companies are finding it tough to ward off increasing pressure in Latin America as Honduras and Venezuela try to wield greater control over energy sector. However, U.S. oil firms have said that they will maintain their presence in...
Bowing to the immense pressure mounted by the democrats, the U.S. government decided to lift a long-standing moratorium on drilling in Bristol Bay, Alaska. The decision was also taken when OPEC started planning to reduce supply of oil and gas in...
According to a survey done Landor Associates, Toyota was picked as the greenest auto manufacturer, ahead of Lexus, Ford, General Motors and BMW. The study also reveled consumers’ perceptions of the greenest brands– those that have heavily promoted...
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A sign for a Chevron gasoline station is seen accross the street through a sign for a General Motors dealership in La Grange, Ky., Friday, Aug. 1, 2008. Chevron Corp. said Friday its second-quarter profit rose 11 percent from a year ago while General...
