PG&E Corporation (NYSE: PCG), the parent company of Pacific Gas & Electric Co., reported net income of $307 million or $0.63 per common share for the third fiscal quarter of 2015, on revenues of $4.55 billion. This compares to income … Continue reading
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Chevron Corporation (NYSE: CVX) reported earnings of $2.0 billion, or $1.09 per share, for the third quarter of 2015, compared with $5.6 billion, or $2.95 per share, in the 2014 third quarter. Sales and other operating revenues in Q3 2015 … Continue reading
Chevron Corporation (NYSE:CVX) announced the successful appraisal of its Anchor discovery in the Lower Tertiary Wilcox Trend in the Gulf of Mexico. “The positive results of our appraisal work at Anchor indicate a significant discovery of potentially hub class scale,” … Continue reading
Forecasts for strong El Niño conditions this winter, triggered by unusually warm seas, are causing Californians to brace for drenching rainstorms, mudslides and other havoc. A less anticipated El Niño effect may be a sharp increase in the demand for … Continue reading
California Resources Corp., formed as a spinoff from Occidental Petroleum, is in talks to sell some of its oil and gas fields, pipelines and other holdings to pay down a portion of its $6.2 billion in debt. CRC’s Chief Executive … Continue reading
A proposal by Phillips 66 to add a 1.5 mile rail spur to its Santa Maria refinery, to accommodate 80-car tanker trains carrying crude oil, has run into resistance from nearby cities, school districts and environmental groups. Because rail operations … Continue reading