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...
NewMed Energy, Chevron, And Shell Begin Drilling Offshore Cyprus
Israel-based NewMed and its partners, Shell and Chevron, have begun drilling an appraisal well at the Aphrodite natural gas field offshore Cyprus, NewMed revealed on Sunday.
NewMed added that the drilling is expected to last three months, during which time it is supposed to confirm...
Chevron Hits Record Profit Following Surging Oil Production
Chevron attained a record profit in 2022, following a surge in both commodity prices and domestic oil production. The company stated on Friday that adjusted earnings in 2022 were $36.5 billion; more than doubling from the previous year.
Despite its surge in earnings, Chevron still...
Eni and Chevron Announce New Gas Discovery in Egyptian Offshore Field
U.S. energy major Chevron and Italian energy group Eni announced on Sunday that they have made a gas discovery in an Egyptian offshore field located in the eastern portion of the Mediterranean Sea.
According to Egyptian state-owned EGAS, the volume of reserves in the well...