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US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.
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(The Center Square) − In a historic decision with sweeping implications for Louisiana's energy sector and environmental restoration efforts, a jury in lower Plaquemines Parish on Friday ordered Chevron to pay $744 million in damages for its role in the degradation of the state's coastal wetlands.
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President Donald Trump has revoked the licenses that allowed several transnational oil and gas companies to operate in Venezuela despite the country being under US sanctions.
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The United States has revoked several transnational oil and gas companies' licenses to operate in Venezuela, Caracas said on Sunday, which had been granted despite Washington's sanctions against the South American country.
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The United States on Tuesday gave energy giant Chevron just one month to stop its operations in Venezuela, delivering a heavy blow to cash-strapped authorities in Caracas.
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US President Donald Trump's threat to strip oil giant Chevron of a license to operate in Venezuela could plunge the troubled South American nation into deeper economic and social turmoil, experts say.
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US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, removing a crucial source of revenue in a wobbly economy run by leftist adversary Nicolas Maduro.
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US President Donald Trump said Wednesday he was revoking permission for oil giant Chevron to operate in Venezuela, a major blow to the wobbly economy run by leftist adversary Nicolas Maduro.
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Chevron will cut 15 to 20 percent of its workforce as part of a reorganization to save money and to position the oil giant for the long-term, the company said Wednesday.