September 23, 2003 |
ChevronTexaco Corp., Royal Dutch/Shell Group and rivals are studying pumping natural gas across Australia through a pipeline costing more than $668 million to tap rising demand in the populous eastern states. Two trans-continental routes were being evaluated to ship gas as far as 2,486 miles from fields off northwestern Australia to cities such as Sydney, said Daniel Smith, a Western Australian government spokesman.
January 9, 2003 |
ChevronTexaco Corp. said Wednesday that its California stations would begin phasing out the environmentally harmful gasoline additive known as MTBE this weekend, joining a growing list of stations that will offer MTBE-free fuel statewide this year. The San Ramon-based company is the state's second- largest gasoline retailer and the last of California's major suppliers to announce its plans for phasing out MTBE, or methyl tertiary butyl ether.
December 11, 2001 |
A group of independent service station operators in Los Angeles told a federal judge Monday that three major oil companies have fixed prices and raised rents in a bid to drive them out of business. The dealers charge that Shell Oil Co., ChevronTexaco Corp. and Saudi Refining Inc. have conspired to fix prices since 1998 under a joint venture, called Equiva Services, to refine and market their products.
September 23, 2004 |
ChevronTexaco Corp., the second-largest U.S. oil company, and Russia's Gazprom, the world's largest producer of natural gas, announced a six-month agreement to study joint oil and gas projects in the United States and Russia. The study will assess the feasibility of building a gas-liquefaction plant in Russia as well as Gazprom's possible involvement in a North American import terminal for the liquefied fuel, the companies said in a joint statement Wednesday.
June 19, 2004 |
Exxon Mobil Corp., ChevronTexaco Corp. and Valero Energy Corp. confirmed Friday that they had been subpoenaed for records related to a United Nations oil-for-food program in Iraq. The U.S. attorney for the Southern District of New York is investigating alleged improprieties in the program. A spokeswoman for Exxon Mobil said the subpoena covered only documents related to the program and did not accuse the Irving, Texas-based oil giant of wrongdoing.
November 20, 2001 |
ChevronTexaco Corp. on Monday said it will lay off about 500 more workers than management anticipated as part of the newly merged oil giant's effort to save an additional $600 million annually in its combined operations. Under the more aggressive cost-cutting program, the San Francisco-based company will eliminate 4,500 jobs, or about 8% of its work force, instead of the 4,000 layoffs envisioned in October 2000 when Chevron announced its plans to buy Texaco for $39 billion.
September 17, 2002 |
ChevronTexaco Corp., reclaiming one of the oil industry's best-known brand names, plans to start selling Texaco gasoline at its retail stations in two years, it said Monday. ChevronTexaco, the No. 2 U.S. oil company, will begin marketing the Texaco brand and its star logo throughout the United States on July 1, 2004, when two exclusive licensing agreements expire.
October 26, 2001 |
ChevronTexaco Corp., created two weeks ago by Chevron Corp.'s $45.8-billion acquisition of Texaco Inc., said Thursday that third-quarter earnings fell at both companies because of lower oil and natural gas prices. The companies beat analysts' earnings estimates, as refining margins widened because prices for oil fell faster than products made from it. Chevron's profit, excluding certain costs, topped the average estimate by 41 cents in a Thomson Financial/First Call survey.
February 26, 2004 |
ChevronTexaco Corp. is buying the house that Enron built but never lived in. The San Ramon, Calif.-based oil giant wouldn't say Wednesday how much it was spending on the glass-clad 40-story Houston tower. But if the sale goes through in March, it means the former Enron Corp. property can end its inglorious reign as the nation's largest corporate ghost ship.
August 7, 2004 |
The Bush administration Friday awarded contracts to ChevronTexaco Corp. and Royal Dutch/Shell Group's Shell Oil to replenish the U.S. emergency petroleum reserve, despite record high crude prices and strong oil demand. Oil prices hit record highs Friday, climbing close to $45 before settling back down, after a renewed threat to Russian oil major Yukos added to the strain on world supplies. The price of crude for September delivery ended in New York at $43.