Pensions & Investment Research Consultants (PIRC), a governance advisor, has recommended Chevron Corp’s shareholders to vote against the company’s CEO Michael Wirth at the upcoming shareholder meeting. PIRC’s recommendation is such since Wirth is the company’s CEO as well as… Read More ›
Chevron Corp
Chevron Corp eyeing to acquire Royal Dutch Shell Plc’s refineries in Pacific Northwest
According to three sources familiar with the matter at hand, Chevron Corp has emerged as a leading contender to acquire one of Royal Dutch Shell Plc’s refineries in the U.S. Pacific Northwest. Shell has been trying to sell its 145,000… Read More ›
Chevron’s Middleastern pivot central to its energy strategy
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
Chevron Corp sues Australian fuel supplier Ampol Ltd over alleged breach of trademark license deal
In a statement on Tuesday, Australian fuel supplier Ampol Ltd said, Chevron Corp has launched court proceedings against alleging breaches of a trademark license deal through which previously it used to use the company’s “Caltex” brand. According to Chevron, these… Read More ›
Chevron to writedown value of assets by $10-$11 billion during fourth quarter
In a significant development, Chevron Corp stated, it will be writing down the value of its assets by $10 billion to $11 billion this quarter; the U.S. oil major is also considering selling some of its natural gas projects as… Read More ›
Chevron Corp’s shale oil game plan
Whereas other shale oil companies have failed to deliver returns demanded by investors, Chevron Corp’s strategy has paid off well. U.S. oil giant Chevron Corp is turning to drilling alliances and joint ventures in its bid to dominate the Permian… Read More ›
Chevron Phillips Chemical Company bids $15 billion for Nova Chemicals Corp
The acquisition can help Chevron Phillips Chemical Company expand its footprints in the polystyrene and resins market, which is used across a range of industries. According to sources familiar with the matter at hand, Chevron Phillips Chemical Company, a joint… Read More ›
Anadarko begins negotiations with Occidental Petroleum Corp in bid to sell itself
Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›
New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
Schlumberger NV betting big money on oil and gas projects
Its new business model involves the company in decision making capacptity throughout the oilfield management supply chain, thus sparking interest in its rivals who are wondering whether to follow suit. In a significant development, Schlumberger NV, the world’s largest oilfield… Read More ›
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