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Topic

Chevron Corp

Gasoil margins, premiums fall

Gasoil margins, premiums fall

Published 30 Nov, 2022 05:53am
SINGAPORE: Asia’s 10 ppm sulphur gasoil margins and premiums extended losses on Tuesday as oil futures surged at a...
Berkshire bought $51bn stock

Berkshire bought $51bn stock

Published 01 May, 2022 05:11am
OMAHA: Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than...
Chevron profit drops on weaker refining margins, storm hit

Chevron profit drops on weaker refining margins, storm hit

Published 30 Apr, 2021 06:48pm
  • Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
  • Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.
Oil companies defeat New York City appeal over global warming

Oil companies defeat New York City appeal over global warming

Published 01 Apr, 2021 07:28pm
  • The 2nd US Circuit Court of Appeals in Manhattan ruled in favor of BP Plc, Chevron Corp, ConocoPhillips , Exxon Mobil Corp and Royal Dutch Shell Plc , rejecting the city's efforts to sue under state law for trespass and creating a nuisance.
Chevron sticks to lower spending in higher investor returns pitch

Chevron sticks to lower spending in higher investor returns pitch

Updated 09 Mar, 2021 09:33pm
  • Falling energy demand due to pandemic lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016.
  • Chevron's 2020 output was around 2.98 million barrels of oil and gas per day, and an investor presentation showed the company increasing output through 2025 though no numbers were given.
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