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Chevron Moves Its Headquarters From California to Texas

Energy giant Chevron will move its headquarters from San Ramon, California, to Houston, Texas. The company officially confirmed its long-rumored decision on Friday, stating that the move will become effective on January 1, 2025. Chevron said that it expects all corporate functions to migrate to...

Chevron’s Acquisition of Hess Suffers Another Setback

Energy giant Chevron’s proposed acquisition of crude oil and natural gas company Hess has been met with yet another major obstacle. The arbitration hearing to determine the ownership dispute between Hess and Exxon Mobil Corp. on Guyana’s offshore oil patch known as Stabroek Block...

Hess Shareholders Approve $53 Billion Chevron Merger

Shareholders of Hess Corporation have approved a $53 billion deal that will see the energy company merge with oil and gas giant Chevron. The approval is the first step in the process, with the U.S. Federal Trade Commission’s (FTC) review of the merger expected to...

Chevron Secures Takeover of Hess Corp.

Chevron Corp. has reached an agreement to purchase fellow energy company Hess Corp. for a fee of $53 billion. This comes as Chevron looks to expand its market share in Guyana's oil market, where Hess already has a strong foothold. The deal will see Chevron...

Chevron Withdraws Contract Crew From LNG Plant Amid Strike

Chevron Corp decided to start withdrawing contract workers from the Gorgon liquefied natural gas (LNG) facility in Australia on Saturday after workers at two other plants went on strike. The two sides are in disagreement over job security, pay, overtime rules, and transfers between...

Gas Prices Rise as Chevron Plant Strikes Get Underway

Liquified natural gas prices surged by as much as 11% after liquified natural gas workers at Chevron Corp. sites in Australia began partial strikes on Thursday. The workers took this decision after the breakdown of weeks of negotiations between Woodside Energy Group Ltd., the...