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ExxonMobil Meeting

Big Oil investors give cold shoulder to environmental changes

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Supporters as diverse as the Sisters of St. Francis of Philadelphia and the As You Sow Foundation say that just having them on the ballot can spur important dialog that can advance their movement.
Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP lowers priority of Australian LNG project with Exxon

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A plunge in oil has forced companies from Royal Dutch Shell Plc to Chevron Corp. to cut or delay spending on projects that supply super-cooled gas linked to the price of crude.
(AP file photo/Hasan Jamali)

Chevron unit in Saudi Arabia to halt output at Wafra oil field

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The stoppage at Wafra may help reduce a worldwide glut that has pushed crude prices down by about 40 percent in the last 12 months. OPEC, which counts Kuwait and Saudi Arabia as members, chose in November to keep pumping crude oil to protect its share of the market rather than cutting output to boost prices. Brent crude, a global benchmark, was trading at $65.08 a barrel Tuesday at 8:42 a.m. in London.
A crowd gathers on the floor of the Offshore Technology Conference.

Lower Tertiary contains vast potential, challenges, Chevron executive says at OTC

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In the years Chevron has spent chasing crude in the coveted Lower Tertiary, the company uncovered a number of hurdles the oil industry will have to overcome to ensure future development of this highly coveted frontier play, a Chevron executive said Wednesday.
(AP Photo/Paul Sakuma, File)

Chevron earnings fall 50 percent along with crude prices

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The San Ramon, California-based company said Friday that its average realized price for a U.S. barrel of crude was $43 in the first quarter of 2015, compared to $91 per barrel in the same three months last year.
Transocean's Deepwater Asgard arrived in the Gulf of Mexico in April 2015 to work under a two-year contract with Chevron. (Chevron)

Sixth Chevron drillship arrives in the Gulf of Mexico

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The drillship, called the Deepwater Asgard, will work in the Mississippi Canyon under a two-year contract with Transocean, a Swiss rig contractor
(David Paul Morris/Bloomberg)

Chevron seeks over $3.6 billion for Caltex Australia stake

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The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.
(David Paul Morris/Bloomberg)

Chevron to hunt for oil in Myanmar

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Unocal Myanmar Offshore Co. Ltd. has signed a production sharing contract with the state oil company, Myanma Oil & Gas Enterprise, to explore the Rakhine Basin.
Interior Secretary Sally Jewell is briefed before a March 18, 2015 government auction of drilling rights in the central Gulf of Mexico. (Photo: Bureau of Ocean Energy Management)

Feds collect millions in Gulf oil drilling sale, despite falling prices

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Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.