June 22, 2008 |
Chevron Corp. said it had shut down its onshore oil production to protect the environment after a pipeline in the southern Niger Delta was sabotaged. The region's main militant group said it was not involved but had been contacted by angry youths who said they had blown up the pipeline.
May 29, 2008 |
Ten years ago this week, I was shot by Nigerian soldiers who, my federal lawsuit will show, were paid for by Chevron Nigeria Ltd., a subsidiary of Chevron Corp. I was standing on a drilling platform in the Niger Delta run by Chevron Nigeria Ltd.
May 9, 2008 |
Chevron Corp. said it planned to fire as many as 1,000 employees in its refining, marketing and transportation divisions. About 300 workers, mostly outside the U.S., received termination payments in the first quarter, according to a regulatory filing by the San Ramon, Calif., company.
May 3, 2008 |
Record energy prices gave Chevron Corp., the nation's second-largest oil company, a bigger-than-expected profit gain during the first quarter despite weak income from making and selling gasoline, the company said Friday. In the January-March quarter, San Ramon, Calif.-based Chevron posted net income of $5.2 billion, or $2.48 a share, up from $4.7 billion, or $2.18, in the year-earlier quarter. Revenue increased 40% to $64.7 billion.
April 9, 2008 |
Chevron Corp. submitted proposals to tap oil and natural gas reserves in Mexico amid declining output from the second-biggest crude-producing nation in the Western Hemisphere. Chevron, which triggered an energy boom with the 1938 discovery of oil in Saudi Arabia, wants to make Mexico "a big part of our portfolio," along with Brazil and African producers such as Nigeria and Angola, said Ali Moshiri, who oversees the company's oil and gas wells in Africa and Latin America.
April 2, 2008 |
Chevron Corp. raised Chief Executive David O'Reilly's compensation by 19% last year to $15.74 million after record oil prices lifted annual profit to an all-time high. O'Reilly's salary rose 1.9% to $1.65 million, the San Ramon, Calif., company said in a Securities and Exchange Commission filing. His bonus climbed 2.9% to $3.6 million.
February 2, 2008 |
Exxon Mobil Corp. shattered its own record as the world's most profitable publicly traded corporation, as rising oil prices helped the company bring in better-than-ever income and revenue for the fourth quarter and 2007. Irving, Texas-based Exxon's net income rose 3% to $40.6 billion in 2007, surpassing its 2006 record of $39.5 billion. Chevron Corp. also posted strong earnings despite lower production and lagging profit from making and selling gasoline. Full-year profit at the San Ramon, Calif.