February 25, 2000 |
Back in the 1950s, black soot and foul fumes poured into the air above Los Angeles as oil companies produced the gasoline that fueled Southern Californians' cars. Half a century and billions of dollars worth of smog controls later, the Los Angeles area's 14 oil refineries are among the most heavily regulated industries in America, slashing their air pollutants to a fraction of what they were.
March 13, 1999 |
Chevron Corp. plans to move its chemical division headquarters to Houston from San Ramon, Calif., eliminating about 300 jobs, an effort to save $76 million a year by 2001, the company said. The job cuts, about 6% of Chevron Chemicals' work force, will be complete by mid-2000, Chevron said. Most would come from managerial and support staff in Houston and San Ramon.
December 15, 1998 |
When Werner Sanz, general manager of Houston's Petroleum Club, launched its gigantic annual Fellowship Lunch last week, he served 300 fewer prime ribs, 300 fewer oyster souffles and several hundred fewer glasses of sparkling water than he did last year. To an experienced observer like Sanz, those figures say nearly as much about the mood among Texas oil executives as more common barometers such as the Baker Hughes Rig Count.
January 9, 1998 |
A joint venture involving Beverly Hills billionaire Marvin Davis' oil company and TransTexas Gas Corp. of Houston announced the discovery of a major natural gas field in Galveston Bay near Houston. Gas reserves at the Eagle Point field, about one mile offshore in shallow waters, were estimated by the companies at more than 1 trillion cubic feet of natural gas equivalents, making it one of the largest finds in recent years.
October 26, 1993 |
In its most extensive restructuring since 1985, Atlantic Richfield Co. said Monday that it will cut 900 to 1,000 jobs as it ends the hunt for oil in the Lower 48 states. The move--which parallels domestic belt-tightening by other oil companies--was announced along with a sharp drop in third-quarter earnings to $68 million, down from $332 million in the same quarter of 1992. Los Angeles-based Arco, the nation's seventh-largest oil company, will divide its Dallas-based Arco Oil & Gas Co.
January 9, 1992 |
Chevron Mulling Layoffs in Texas: Chevron Corp. is considering layoffs at its Port Arthur, Tex., refinery that could eliminate up to 1,600 jobs, union officials said. The Oil, Chemical and Atomic Workers union said Chevron officials discussed two options for improving plant efficiency. One option could eliminate up to 1,600 of the plant's 1,950 jobs, they said. The union said layoffs would cripple the Port Arthur economy.