CHEVRON

Hindustan Petroleum Corporation Ltd (HPCL) has entered into an agreement to manufacture, distribute and market lubricants of global supermajor Chevron in India, the two companies said on Tuesday. "Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with HPCL. This collaboration encompasses the licensing, production, distribution, and marketing of Chevron's lubricant products under the Caltex brand, including Chevron's proprietary Havoline and Delo branded lubricant product," they said in a statement. The agreement provides for "Caltex-branded lubricants to be manufactured, distributed, and marketed in India by HPCL". HPCL already has its own brand of lubricants and this would be in addition to the existing ones. Commenting on the agreement, Brant Fish, President of Chevron International Products, stated, "We are extremely pleased to partner with HPCL to bring quality Caltex lubricants technology

Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in investing in India's oil, gas exploration and production sector, said India's oil minister, Hardeep Singh Puri

Exxon's stock rose 2.6 per cent at 9:33 am in New York. Chevron advanced 2.7 per cent

The US pair, along with UK-based Shell and France's TotalEnergies, combined to earn nearly $51 billion in the most recent quarter, almost double what the group brought in for the year-ago period

The probe delves into the dark corners of an industry that's under mounting pressure from investors, governments and society to address its impacts on local communities and the wider environment

Bloomberg reported that the purchase provided a boost to its Chevron Corp stake that vaulted the investment into Berkshire's top four common stock holdings

Total Energies and Chevron, two of the world's largest energy companies, have said they were exiting Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country's military overthrew the elected government in February. The announcement on Friday came just a day after the French company called for international sanctions targeting the oil and gas sector, which remains one of the military government's primary sources of funding. It also comes a month after an Associated Press story on the growing push for oil and gas sanctions on both companies and on the resistance from the United States and France. Total and Chevron had come under increasing pressure over their role in running the offshore Yadana gas field, along with the state-owned Myanma Oil and Gas Enterprise (MOGE) and Thailand's PTT Exploration & Production. Total has a majority stake in the venture and runs its daily operations, while MOGE collects revenues on behalf of the government. Total ..

The long-awaited report by the Interior Department stops short of recommending an end to oil and gas leasing on public lands

The company cut its annual capital spending forecast to about $13 billion, now below what it had spent last year.

The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices

Iraqi state-owned marketer SOMO has finalised a term contract to supply 750,000 tonnes of straight-run fuel oil (SRFO) per month from April to September, three fuel oil trade sources said

Chevron outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions

The final value under the new deal, however, will depend on the price Chevron's shares are trading at when the deal closes, expected in the second quarter

The company cut its Apple stake, still holds $120 bn

The CEOs of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest US oil producers in what would have been the biggest merger of all time

If the oil-and-gas major had booked the profits through its headquarters in the Netherlands, it could have faced a tax bill of about $700 million based on the Dutch corporate tax rate of 25%

The company said it now expects its total capital and exploratory budget through 2025 to be between $14 billion and $16 billion, down from an earlier forecast of between $19 billion and $22 billion.

With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating

The job cuts come after the company promised to lower its operating expenses by $1 billion this year in the face of sharply lower energy demand

Chevron's market value leapfrogged that of Exxon Mobil for the first time during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer