Chevron

By TAYO ELEGBEDE   Chevron Corporation Friday reported a loss of $8.3 billion ($4.44) per share - diluted) for second-quarter 2020, compared with earnings of $4.3 billion ($2.27 per share - diluted) in second-quarter 2019.   Chevron’s…

By TAYO ELEGBEDE Chevron Corporation (NYSE: CVX) disclosed Monday morning of a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of its outstanding shares in an all-stock transaction valued at $5 billion, or …

The Dodo River Communities Development Association in Ekeremor Local Government area of Bayelsa has inaugurated projects worth over N141.65 million funded by the NNPC/Chevron Joint Venture. The beneficiary communities are Amatu I, Amatu…

The Nigerian National Petroleum Corporation (NNPC)  has delayed publishing its future oil export plans in order to conclude discussions with International Oil Companies (IOCs) and their local counterparts about how to cut output in line…

Oil prices rocketed higher on Wednesday after US President Donald Trump threatened to shoot at Iranian boats in a key waterway for crude shipments. Earlier in the day, the European benchmark, Brent North Sea crude for delivery in…

U.S. stock index futures retreated on Friday, with investors awaiting data on business activity and non-farm payrolls to get a clearer picture of the economic hit from the novel coronavirus. Wall Street gained about 2% on Thursday as oil…

The Nigeria Union of Petroleum and Natural Gas Workers, on Wednesday, issued a seven-day ultimatum to Chevron Nigeria Limited to honour an agreement on workers welfare or face industrial action. The leadership of the union after its…

As part of efforts to grow local refining capacity, the Nigerian National Petroleum Corporation (NNPC) has called for collaboration with Chevron Nigeria Limited to establish a condensate splinter refinery. Group Managing Director,…

A Lagos Division of the Federal High Court on Thursday awarded a N100,000 cost against Chevron Petroleum Nigeria Ltd in a $12 billion debt recovery suit by the Federal Government over oil shipment. Mojisola Olatoregun, the judge, awarded…

Royal Dutch Shell and other world’s leading oil companies have published a bumper crop in profits last year as rising crude prices helped turn their fortunes around. Shell’s net profit in 4th Quarter tripled in 2017 from $1.8 billion to…