November 21, 2011 |
California oil giant Chevron Corp. promised to fully clean up a spill off Brazil's coast, taking responsibility for an accident that has become a major test for one of the world's fastest-growing oil frontiers. The leak from the undersea well, owned in partnership with Brazil's state-controlled Petrobras and a Japanese consortium, has been plugged, said George Buck, the chief executive of Chevron's local subsidiary. The residual oil flow from undersea rock is now "more than 10 barrels" but "less than hundreds of barrels" per day, he said.
CALIFORNIA | LOCAL
October 13, 2012 |
A Los Angeles County civil grand jury is investigating an 18-year-old agreement that allowed Chevron to avoid paying El Segundo millions of dollars in back taxes on its refinery, raising questions about Chevron's influence over the town it helped build. Doug Willmore, El Segundo's former city manager who was fired after raising questions about Chevron's taxes, said he spoke to grand jury members Sept. 19 for about 21/2 hours. Grand jurors told him they expected to issue a report.
May 17, 2011
Children who labor Re " Where coal mining is often child's work ," May 15 The harrowing article and pictures depicting child miners in India who are paid a pittance for body-racking labor and doomed to an early death show the inevitable result of unrestricted corporations coupled with an impotent labor force. Those who would destroy labor unions and denigrate workers' rights — while fighting for unfettered corporate excesses earned on the backs of cheap labor — should look to the reality of children worked to death for the sake of higher profits.
CALIFORNIA | LOCAL
March 1, 2012 |
For months, it's been the only story in town: Can a few part-time politicians in El Segundo force the city's oldest employer and one of the nation's top oil producers to pay higher taxes on its 951-acre refinery. While Chevron and the city try to strike a deal, documents obtained by The Times show that in the mid-1990s, El Segundo ignored a preliminary audit showing Chevron owed as much as $9.5 million in back utility taxes and then ordered auditors to stop work. City officials later reached an agreement with the oil producer that resulted in El Segundo receiving no money at all. At the same time, the city capped Chevron's future natural gas taxes at $150,000 a year plus inflation — a fraction of what auditors said the city should be receiving.
February 12, 1987 |
Chevron Corp. said it has completed an $80-million acquisition of the 102,000 shares of the Huntington Beach Co. it does not already own. Chevron already owned 66% of the real estate development and mineral firm headquartered in Huntington Beach. The deal, a tax-free exchange of stock, calls for shareholders of the Huntington Beach Co. to receive 14.77 shares of Chevron common stock for each of their shares of Huntington Beach Co. common stock. Huntington Beach Co.
May 12, 2007 |
Chevron Corp. temporarily shut down some operations in Nigeria's offshore waters Friday as the second-largest U.S. oil company scrambled to protect its workers and equipment from rampant violence that threatens to drive up gasoline prices. The San Ramon, Calif.
August 3, 1985 |
Chevron said Friday that it has sold a majority of its holding in Gulf Canada for $1.8 billion as part of its effort to reduce the huge debt stemming from its acquisition of Gulf. Chevron had announced a tentative agreement in late May to sell its 60% stake in Gulf Canada to Olympia & York Developments of Toronto, but the deal's completion had been put off by the Canadian company.
December 11, 1985
The San Francisco oil company said it completed the previously announced sale of its interest in the Bluebell-Altamont oil field to Houston-based Proven Properties for $360 million. Proven Properties is 49% owned by Pennzoil. The sale includes Chevron's interest in 330 wells, 132 of which it operated, in the 600-square-mile field.
CALIFORNIA | LOCAL
April 23, 1992 |
Chevron won a key fight this week over whether its El Segundo oil refinery should continue discharging treated waste water into the ocean within 300 feet of shore. But the battle is far from over. Chevron's victory came Monday, when the State Regional Water Quality Control Board, over the objections of environmentalists, approved a five-year permit allowing the refinery to send 7.9 million gallons of waste water daily into Santa Monica Bay.
July 19, 1985 |
Chevron Corp. said Thursday that it might sell its Philadephia refinery and 4,000 gas stations in 12 Eastern states to help reduce its huge $14.1-billion debt. A spokesman for the San Francisco-based oil company said that it is circulating an information package among potential buyers but that a formal decision to sell the Northeastern refining and marketing assets hasn't been made.