Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. (Luke Sharrett/Bloomberg News)

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

Kevin Crowley | Bloomberg News
October 7, 2020
Business, Fuel

Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal

Chevron sign Kyle Grillot/Bloomberg News

Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.

July 20, 2020
Business, Technology, Fuel

Chevron, Clean Energy Partner on Adopt-a-Port Initiative to Reduce Emissions

Chevron building Daniel Acker/Bloomberg News

Chevron Corp. announced it is partnering with California natural gas retailer Clean Energy Fuels Corp. on Adopt-a-Port, an initiative that provides truck operators serving the ports of Los Angeles and Long Beach with carbon-negative renewable natural gas to reduce emissions.

July 10, 2020
Business, Fuel

Exxon Profits Drop as Most of World Stays Home

Exxon logo Richard Drew/AP

NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.

Cathy Bussewitz | Associated Press
May 1, 2020
Business, Technology, Fuel

Chevron Showcases New Low-Ash Oil

James Booth James Booth by John Sommers II for Transport Topics

ATLANTA — Chevron Products Co. rolled out a new 53-foot educational trailer and a mock, walk-through diesel particulate filter designed to showcase the value of its new heavy-duty engine oil whose low-ash content is meant to reduce the clogging typical in a DPF.

Roger Gilroy | Senior Reporter
March 1, 2020
Government, Business, Fuel

Chevron’s LNG Exit Deals Fresh Blow to Canada’s Energy Industry

Chevron LNG The Chevron Corp. and Woodside Petroleum Ltd. Kitimat LNG site stands on the Douglas Channel. (Ben Nelms/Bloomberg News)

Abundant natural gas resources, an all-electric plant and just a nine-day hop to energy-hungry Asian markets were not enough to persuade Chevron Corp. to pursue its Kitimat gas export project in western Canada, marking a further blow to the country’s beleaguered fossil fuel industry.

Kevin Crowley | Bloomberg News
December 11, 2019

Chevron Sees ‘Boom Boom Boom’ Permian Despite Signs of Slowdown

Chevron Corporation Richard Drew/Associated Press

Chevron Corp. sees a “boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up in everything from jobs to hotel rooms.

David Wethe | Bloomberg News
October 22, 2019
Government, Business

Chevron Lays Groundwork for Venezuela Exit Before Waiver Expires

The BP-Husky Toledo Refinery at sunset in Oregon, Ohio The BP-Husky Toledo Refinery at sunset in Oregon, Ohio, on June 13, 2017. (Luke Sharrett/Bloomberg News)

Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to extend a waiver allowing it to continue operating in the country.

September 3, 2019
Business, Fuel

Chevron Earnings Jump on Permian Output, Andarko Breakup Fee

Chevron Luke Sharrett/Bloomberg News

Chevron Corp. posted strong production growth from the Permian Basin combined with a stabilization in its refining operations to beat earnings estimates in the second quarter.

Kevin Crowley | Bloomberg News
August 2, 2019
Business, Technology, Fuel

Chevron Seeks to Turn Canada LNG Plan Into All-Electric Design

Kitimat LNG site The Kitimat LNG site on the Douglas Channel near the town of Kitimat, British Columbia. (Ben Nelms/Bloomberg)

Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility on Canada’s Pacific Coast to an all-electric design that it says will result in the lowest greenhouse-gas emissions per ton of LNG of any large project in the world.

Natalie Obiko Pearson | Bloomberg News
July 15, 2019