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Falling oil prices push Chevron to first loss since 2002
2016-01-29 21:56:09| Oil & Gas - Topix.net
Chevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue. Oil traded this month at levels not seen since 2003, although it has rebounded slightly in the last few days.
Chevron posts unexpected loss of $588 million in fourth quarter, warns of job cuts
2016-01-29 17:10:01| Oil & Gas - Topix.net
Chevron lost $588 million in the fourth quarter of 2015, a setback that was unleashed by a slide in oil prices, leading Chevron to warn that a fresh round of expense reductions, including job cuts, would be in the offing for 2016, the company reported Friday. "Our 2015 earnings were down significantly from the previous year, reflecting a nearly 50 percent year-on-year decline in crude oil prices," said George Watson, Chevron's chief executive officer, in a prepared release.
Chevron begins natural gas production from $6.4bn Chuandongbei project in China
2016-01-27 01:00:00| Hydrocarbons Technology
Chevrons 100%-owned subsidiary Unocal East China Sea has commenced natural gas production from the first stage of the long-delayed $6.4bn Chuandongbei project in southwest China.
Tags: china
project
natural
production
Chevron And ENN Sign Gorgon LNG Agreement
2016-01-25 04:45:21| chemicalonline Home Page
Chevron Corporation recentlyannounced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas (LNG) to China from the Chevron-operated Gorgon natural gas project in Australia
Tags: sign
agreement
lng
chevron
International court rules in favour of Chevron in Ecuador pollution case
2016-01-25 01:00:00| Hydrocarbons Technology
The District Court of The Hague has ruled in favour of the US-based Chevron in its legal battle with Ecuador, which sought to nullify several arbitration awards handed down against the country in connection with a long-running dispute over alleged dr
Tags: international
case
rules
court
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