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Business, Fuel

Chevron Slows Permian Growth in Hurdle to Trump Oil Plan

Chevron plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up energy output.

December 6, 2024
Business, Fuel

As Crude Fades, Big Oil Must Borrow to Pay Investors

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.

October 28, 2024
Business, Fuel

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

Chevron Corp. agreed to sell its stakes in some oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 billion.

October 7, 2024
Government, Business, Fuel

Chevron to Quit California for Texas After Warning on Rules

Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business.

August 2, 2024
Government, Business, Fuel

Chevron, Hess Merger Faces Long Delay

Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.

August 1, 2024
Government, Business, Technology, Fuel

American Farmers’ Next Hot Commodity Is Canola for Biofuels

A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.

July 22, 2024
Government, Business, Fuel

FTC Delays Chevron-Hess Decision to After Exxon Arbitration

The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

July 11, 2024
Business, Fuel

Hess Investors Vote in Favor of $53 Billion Chevron Takeover

Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.

May 28, 2024
Business, Fuel

John Hess Calls Investors to Back Chevron Deal Before Vote

John Hess is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp., according to people familiar with the matter.

May 23, 2024
Business, Fuel

Proxy Firm: Hess Investors Should Abstain on Chevron Vote

Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.

May 13, 2024