Chevron

HPCL in pact to manufacture, distribute, and market Chevron's lubricants

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

$58 bn investment in E&P; Chevron, Exxon, Total keen on India: Hardeep Puri

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 Mobil, Chevron reap over $31 billion profit from energy crunch

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

ExxonMobil and Chevron shatter profit records in second quarter

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

'Horrific' cases of sexual abuse unearthed in Oz mining probe: Report

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

Warren Buffett back in buying spree with deals worth $41 bn in Q1: Report

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

Energy major Chevron, Total to exit Myanmar over human rights abuses

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 ..

Joe Biden recommends overhaul of nation's oil and gas leasing program

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

Chevron Corporation tops profit estimates, joins share buyback stampede

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

Saudi local office must for foreign firms to get state contracts from 2024

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

Iraq's SOMO awards fuel oil supply contracts to Chevron, Reliance

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 to slow carbon emissions, raise oil output with modest spending

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

Chevron to buy out Noble Midstream Partners in $1.32-billion deal

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

Warren Buffett's Berkshire Hathaway reveals three new secret buys

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

Exxon, Chevron CEOs discussed merger in early 2020, talks no longer active

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

How oil majors shift billions in profits to island tax havens

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%

Chevron cuts spending plans again, sets 2021 budget of $14 billion

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.

Big oil stares at a long winter ahead as global fuel demand stays muted

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

Chevron to lay off about 25% of Noble Energy employees after merger

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 deal with Noble Energy helps top Exxon Mobil m-cap for first time

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