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
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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
A federal judge in Wyoming has issued a preliminary injunction preventing the Department of the Interior from enforcing rules on the use of hydraulic fracturing on federal lands, saying the Bureau of Land Management lacks authority to oversee drilling activity … Continue reading