Chevron Corporation (NYSE: CVX) reported a loss of $588 million, or $0.31 per share, for the fourth quarter of 2015, compared with earnings of $3.5 billion, or $1.85 per share, in the 2014 fourth quarter. Full-year 2015 earnings of the … Continue reading
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Chevron Corporation (NYSE:CVX) announced that its Unocal East China Sea Ltd. subsidiary has begun natural gas production from the first stage of its Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed by an … Continue reading
Gov. Jerry Brown has reappointed three California regulators to their energy-related positions. Janea Ashanti Scott, 42, of Sacramento, was reappointed to the California Energy Commission, where she has served since 2013. … Continue reading
With solar and wind power making distributed generation an increasing factor in California’s energy market, utilities face the challenge of covering their fixed costs. A new tariff issued by California to Sempra Energy’s Southern California Gas Co. aims to benefit … Continue reading
Chevron Corporation (NYSE: CVX) announced a $26.6 billion capital and exploratory investment program for 2016, including $4.5 billion of expenditures by affiliates. The 2016 budget is 24% lower than investments for 2015. “Our capital budget will enable us to complete … Continue reading
Despite pressure from some of its member countries, OPEC (The Organization of the Petroleum Exporting Countries) ended a contentious six-hour biennial meeting in Vienna on Dec. 4 without any agreement to restrain crude oil production. The outcome was not unexpected, … Continue reading