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A New York judge has overruled the US$9.5 billion in compensation for toxic waste dumping that Chevron had been ordered to pay to Ecuadorian villagers.
Adding to a growing chorus of concerned investors, Norway's $850 billion Sovereign Wealth Fund announced that they would be reviewing their connection to France's Total due to their involvement in exploration efforts in the Western Sahara region of Morocco.
ExxonMobil has edged another step closer to undertaking oil shale research-and-development projects with the Bureau of Land Management 's approval of development plans.
But is the uncertainty around this settlement the only issue holding back shares of BP, or are there other causes? Oil spill settlement isn't clear BP has yet to resolve its $9.2 billion oil spill settlement, as its request to tighten accounting inspections on oil spill claims was rejected.
A pump jack dwarfs a house northwest of Calgary, in a Sept. 28, 2004 photo. THE CANADIAN PRESS/Jeff McIntosh The price of oil rose Friday on concerns that tensions over Ukraine could rise with this weekend's referendum on Crimean secession.
The petroleum products giant offers a 2.7% yield, right in line with the average yield on the Dow Jones Industrial Average , Exxon has the freedom to let dividend payments and other cash flow items bob and weave a bit.
This slip has largely been a function of the wider negative sentiment around Big Oil's spending problems -- production is slowing against the backdrop of a disproportionate increase in costs.
Chevron Corporation is the world's largest private producer of crude oil. Though the company's main focus is on its upstream business it also has indulged in a wide array of downstream activities including marketing, transportation, and refining businesses.
Permission for Chevron Corp to resume drilling and water injection at its Frade offshore field in Brazil is being held up by the company's failure to deliver a full report on the causes of a 2012 oil seepage, the head of Brazil's oil regulator said on Thursday.
The company operates in two segments: upstream and downstream. The upstream segment is involved in the exploration, development, and production of crude oil and natural gas, while the downstream segment engages in refining crude oil into petroleum products.
Among other things, there have been talks about the importance of the transfer to Romania of Chevron's shale gas know-how from the US as a contribution to the development.
Described as offering "high level advisory and consulting services in the areas of international energy policy," Jones Group - which doesn't list its clients - is far from Jones' only career gig.
Hundreds of construction workers in booming northern British Columbia will take up residence this week in unique digs on board a cruise ferry revamped into a floating luxury hotel.
Chevron's multi-billion dollar Indonesia Deepwater Development gas project is facing a delay of up to 18 months , according to the country's oil and gas minister, pushing expected production startup for the project past 2016.
The abandoned Texaco oil wells near Lago Agrio, Ecuador, are more than 8,000 kilometres away from Kitimat, B.C., where Chevron plans to build a multibillion-dollar export plant for liquefied natural gas.
The index is lower for the third straight day since passing the March 9 anniversary date, and today that decline is being blamed on international concerns -- specifically, the ongoing tensions between Russia and Ukraine over Crimea and weak economic news out of China.