TIWI, Albay—Geothermal producer Chevron Geothermal Philippines Holdings Inc. (CGPHI) is seeking the expansion of its geothermal well sites in Albay, Laguna and Quezon. The proposal was made to Aboitiz Power Renewables Inc. (APRI), which won the bid for Chevron’s steam-field expansion program.
“The program involves the drilling of 10 to 15 geothermal wells within the [...]
BANGKOK (Dow Jones)–U.S.-based oil giant Chevron Corp. (CVX) plans to move ahead with investments in South Asia amid an expected strong economic recovery in the overall region.
“Asia will have the quickest recovery to feed future demand growth. We have strategic locations in Asia to support growth in the long term,” Joe Geagea, managing director [...]
Chevron Corp. rode 2008’s historic spike in oil prices to a record $23.93 billion annual profit, despite the petroleum market’s collapse in the second half of the year.
Chevron’s profit report, released Friday, graphically illustrates just how high oil prices rose last summer and how far they fell as the economic crisis cut the world’s thirst [...]
NEW YORK, Jan 13 (Reuters) - Marathon Oil Corp (MRO.N) said on Tuesday fourth-quarter oil and natural gas output rose slightly on a sequential basis, but remained weighed down by disruptions from Hurricanes Ike and Gustav.
The Houston company said the volume of oil and natural gas available for sale in the period is expected [...]
By Braden Reddall
SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) expects its fourth-quarter earnings to be significantly lower than the previous quarter due to the impact of lower energy prices on its exploration and production business.
The second-largest U.S. oil and gas company also said on Thursday its U.S. oil-equivalent production in October and November was 608,000 [...]
San Francisco Business Times - by Steven E.F. Brown
Oil giant Chevron Corp. agreed to sell 165 gas stations and other assets in East Africa.
The San Ramon company has been slimming down its “downstream” business in Africa and South America this year, selling off gas stations and associated fuel storage and transport businesses.
In this deal Chevron’s [...]
By Joe Carroll
Nov. 10 (Bloomberg) — Petroleo Brasileiro SA, the investor darling among the world’s largest oil companies in the first half of the year, has become the biggest loser.
Petrobras, as Brazil’s state-controlled oil producer is known, is the worst performer among the top 10 publicly traded oil companies since May. The stock dropped 53 [...]
Chevron’s African subsidiary selling assets in Kenya, Uganda to Total for undisclosed amount
SAN RAMON, Calif. (AP) — Chevron Corp. said Monday it will sell its Kenya and Uganda businesses to Total Outre Mer SA for an undisclosed amount.
Chevron Africa Holdings Ltd. will sell its entire stake in the businesses, which include 165 Caltex-branded service stations, [...]
By Joe Carroll
Oct. 30 (Bloomberg) — Exxon Mobil Corp., the world’s biggest oil company, said third-quarter profit jumped 58 percent, exceeding analyst estimates, as record crude prices made up for the largest drop in output in at least a decade.
Net income rose to $14.8 billion, or $2.86 a share, from $9.41 billion, or $1.70, [...]
By Edward Klump
Oct. 22 (Bloomberg) — ConocoPhillips, the third-largest U.S. oil company, posted a 41 percent profit increase after gains in energy prices made up for a drop in production. The company’s shares fell as New York oil futures tumbled.
Third-quarter net income climbed to $5.19 billion, or $3.39 a share, from $3.67 billion, or $2.23, [...]
