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...