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Richmond refinery

Smoke and flames billow from a crude oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6, 2012. (AP Photo/ContraCosta Times, D. Ross Cameron )

U.S. safety board rejects overhaul of Calif. refineries

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The U.S. Chemical Safety Board rejected a proposed overhaul of California’s refinery safety practices – recently touted by its chairman after the 2012 Chevron refinery fire in Richmond, Calif., – saying the overly ambitious plan would do little to immediately improve safety and needs further study.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron expects weak second quarter as production drops

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Chevron expects a weaker second quarter performance, driven by lower oil prices and lower international oil production for the second quarter, a result of maintenance and turnaround activity, the company said in an interim update issued Thursday morning.
Smoke and flames billow from a crude oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6, 2012. (AP Photo/ContraCosta Times, D. Ross Cameron )

Tactics divide agencies in Chevron probe

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A grand jury probe targeting Chevron in last year’s Richmond refinery fire has created a rift between the federal agency investigating the incident and environmental regulators seeking possible criminal charges against the oil giant
Gas station employee changes the price in California. (Paul Sakuma/Associated Press)

Speculators driving spike in gasoline prices

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The run-up primes drivers for another expensive year at the gas pump, at a time when Americans are already spending a greater portion of their income on fuel than they have in decades.