Chevron

Stories 1 - 20 |  Next >>

SCOTUS Readies 'Mortal Blow to the Administrative State'

Justices seem poised to overturn 1984 Chevron doctrine, which empowers federal agencies

(Newser) - The Supreme Court heard arguments Wednesday in a seemingly mundane dispute in the fishing industry. The implications of the case, however, are enormous, and based on Wednesday's questions, the court's conservative majority appears poised to overturn or at least limit what's become known as the Chevron doctrine,...

One Big Oil Company Will Absorb Another, for $53B

Chevron is buying Hess, just weeks after Exxon Mobil made its own $60B acquisition

(Newser) - Chevron is buying Hess Corp. for $53 billion as the biggest US oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about $60 billion, per the AP...

These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

Group Calculates Climate Reparations for Oil Companies

World's top companies would owe $209B a year, according to One Earth analysis

(Newser) - The top 21 fossil fuel companies are responsible for 36% of global emissions since 1988, according to a new study , which concludes BP, Shell, ExxonMobil, and others should collectively pay at least $209 billion annually in climate reparations. Talk of who should pay climate reparations typically falls to the level...

ExxonMobil Set to Square Off Against Activist Investors

Shareholder meeting at Chevron also promises to be contentious over emissions reduction plans

(Newser) - The fly on the wall at Wednesday's ExxonMobil shareholder meeting is likely to get quite an earful, notably on the topic of climate change. Quartz reports that the oil giant is expecting a battle with some of its more activist-leaning investors, including on multiple proposals regarding carbon emissions that...

US Lets Chevron Start Pumping Oil in Venezuela Again

But US says it remains leery of President Nicolas Maduro

(Newser) - The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition. The Treasury Department is allowing Chevron to resume “limited” energy production in Venezuela after years of sanctions that have dramatically...

Berkshire Invested $51B Last Quarter, Buffett Says


Berkshire
Shareholders
Receive Update
in Person
the rundown
Apr 30, 2022 4:30 PM CDT

Berkshire Shareholders Receive Update in Person

Buffett discusses new investments, inflation

(Newser) - Thousands of Berkshire Hathaway shareholders returned in person Saturday for their annual meeting heard Warren Buffett update them about investments and rail about the widespread harm inflation is doing. The pandemic had prevented the gathering in Omaha for the past two years. After earlier saying that inflation "swindles" equity...

Accusations of Big Oil 'Greenwashing' Are Well-Founded

Actions haven't lived up to clean energy rhetoric, researchers say

(Newser) - If actions speak louder than words, oil companies have been very quiet about transitioning to clean energy, according to a new study. Researchers in Japan looked at four major oil companies—BP, Chevron, ExxonMobil, and Shell—and found that while there had been a rise in promises of action and...

'Massive' Chevron Oil Spill in California

Cleanup of the newly revealed spill began Friday

(Newser) - Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger—if less devastating—than the state's last two major oil spills. The newly revealed spill has been flowing off and on since...

Carbon Tax Looming, Big Business Gets Ready to Pay Up

Dozens of US companies factoring price into financial plans

(Newser) - First came news that 90 companies are to blame for the majority of greenhouse gas emissions. Now, more than two dozen big US corporations are planning for a future that involves paying for their pollution. A survey by green-data firm CDP shows that 29 companies, including Exxon, Chevron, and Walmart,...

90 Companies to Blame for 63% of Global Emissions

Chevron, BP, Exxon racked up 9% alone

(Newser) - Want to personally thank those largely responsible for putting greenhouse gases into the air? Fewer than 100 phone calls will do the trick. According to new research, 90 companies have produced 63% of the emissions of carbon dioxide and methane since the dawn of the industrial age. Chevron, BP, and...

Top 10 Companies for 2013
 Top 10 Companies for 2013 
forecast
Jan 17, 2013 4:50 PM CST

Top 10 Companies for 2013

Apple, of course, makes forecasters' list, along with Pfizer, Walmart

(Newser) - The prognosticators at 24/7 Wall Street are out with their annual predictions on which companies will be the most profitable in 2013. And, yes, Apple is expected to retain its No. 1 spot—by a wide margin. Here is the forecast with expected 2013 earnings, via MarketWatch .
  • No. 1: Apple,
...

West Coast: Steel Yourself for $4-Plus Gas

5 investigations planned in California refinery blast

(Newser) - California's refinery fire could take a toll on West Coast drivers: They can expect gas prices to break $4 per gallon as soon as today, the AP reports. The refinery supplies 16% of the region's gas, and prices have already jumped from an average of $3.86 to...

Blasts, Fire Rock California Oil Refinery

Residents ordered to stay indoors in SF Bay Area

(Newser) - Explosions tore through a Chevron oil refinery as it erupted in flames yesterday, driving toll takers from the Richmond Bridge and San Francisco Bay Area residents indoors. At least two fires were triggered when a diesel leak exploded at the Richmond refinery, one of the largest in the nation, reports...

Exxon Discovers Huge Oil Field in the Gulf

Company expects to get 700M barrels

(Newser) - Exxon announced the discovery of two oil wells and a natural gas deposit in the deep water of the Gulf of Mexico that could collectively contain 700 million barrels. Two of the finds had been made in 2009 and 2010, but the company waited until today to unveil the amount...

In Mideast Desert, a Risky, Costly Hunt for Heavy Crude

As easy oil supplies dwindle, project launched along Saudi-Kuwaiti border

(Newser) - Saudi Arabia and Kuwait have embarked on a risky, expensive hunt for heavy crude—and that might be a bad sign for global oil supplies. For decades these countries have fueled the world with its easy-to-drill light oil supply, but now those reserves are drying up, one Middle East energy...

How Much Tax Does Big Oil Actually Pay?

It comes down to how you crunch the numbers

(Newser) - If you ask Exxon Mobil, the firm will say last year’s taxes exceeded US income—but a Washington think tank will tell you the big oil company didn’t pay a cent the year before that. “It all depends on how you count,” writes Steven Mufson in...

Fortune 500 List: Walmart, Exxon Mobil Again Top the List
 Walmart Rules Fortune 500 List 
May 5, 2011 1:10 PM CDT

Walmart Rules Fortune 500 List

Editors see huge disparity between businesses, ordinary Americans

(Newser) - Turns out, last year was a pretty good one for US businesses. Total revenue for Fortune 500 companies jumped 10.5% to $10.8 trillion, while profits surged 81%. "We've rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans,"...

Feds: Big Oil Not Using the Leases They Have

Interior Department issues report to push back against complaints

(Newser) - With oil companies and Republicans criticizing the Obama administration for being too slow to issue new offshore drilling permits in the wake of the Deepwater Horizon disaster, the Interior Department hit back with a report yesterday revealing that the industry isn’t using the majority of the leases it already...

Chevron Appeals Massive Amazon Pollution Fine

Oil company claims indigenous supporters 'corrupted' trial

(Newser) - Chevron has launched an appeal challenging a whopping $9.5 billion penalty for polluting much of Ecuador's Amazon region. Company attorneys are accusing lawyers and supporters of the indigenous groups who brought the suit against Chevron of "corrupting" the trial, and claims that the finding against the corporation is...

Stories 1 - 20 |  Next >>