Chevron, Shell, and ExxonMobil reported record or near-record quarterly profits, collectively averaging $404 million daily, driven by high crude prices and refining margins due to global conflicts. This has intensified calls from European lawmakers and US Democrats for windfall taxes, a policy ExxonMobil's CEO called "misguided."
ExxonMobil and Chevron reported significantly increased second-quarter profits, driven by rising oil prices attributed to the Iran war and Middle East supply disruptions. Chevron's net income soared to $12 billion, while Exxon posted $14.5 billion, despite its refining business missing analyst estimates.
Thailand's Bangchak Corporation acquired Chevron Hong Kong, including 31 Caltex petrol stations, for HK$2.1 billion (US$270 million). The deal serves as Bangchak's entry into North Asia, with Caltex branding maintained under a licensing agreement with Chevron.
Chevron CFO Eimear Bonner anticipates a decline in US gasoline prices as the Middle East situation normalizes, despite President Trump's investigation into oil majors for alleged price gouging. Bonner stated a lag exists between crude price drops and pump prices, emphasizing efforts to optimize production.
Chevron CFO Eimear Bonner expects U.S. gasoline prices to fall as the Middle East normalizes, responding to President Trump's accusation of "gouging" and a DOJ investigation into oil majors for high fuel costs despite declining crude prices.
US President Donald Trump has ordered the Department of Justice to investigate major energy companies, including Chevron, ExxonMobil, Shell, and BP, for allegedly "gouging" drivers by not lowering fuel prices despite a significant drop in wholesale oil costs. The American Petroleum Institute disputes the claim, citing ongoing supply issues.
Microsoft has signed a long-term energy purchase agreement with Chevron to power a new data center in West Texas. GE Vernova will supply natural gas turbines for the project, which aims to provide behind-the-meter energy to avoid stressing local grids. Despite industry challenges and analyst concerns, the deal is seen as a positive development for GE Vernova.
미국 셰브런이 마이크로소프트(MS)의 AI 데이터센터에 20년간 전력을 공급하는 계약을 체결했다. 셰브런은 텍사스 서부에 전용 천연가스 발전소를 건설하며, 이는 AI 인프라 호황 속에서 거대 화석연료 기업의 새로운 사업 기회를 보여준다.
Microsoft and Chevron will build a 2.67 GW natural gas power plant in West Texas to supply electricity for Microsoft's AI and cloud data centers under a 20-year agreement. This marks a significant step for Microsoft's sustainability goals.
Chevron and Microsoft have signed a 20-year agreement for Chevron to supply natural gas to Microsoft's Project Kilby data center in West Texas. The facility, designed to power AI applications, will require nearly 2.7 gigawatts of electricity, with power infrastructure provided by GE Vernova and Caterpillar.
Chevron seeks tax breaks for a Texas data center, while data center water use and AI safety bills in Illinois draw attention. Microsoft's past skepticism of OpenAI is revealed, and US automakers pivot to energy storage. SpaceX invests heavily in gas turbines for AI data centers, and Google DeepMind UK staff unionize over military AI deals. US law enforcement warns of 'anti-tech extremism,' and Palantir focuses 'Hack Week' on ICE. Meta faces record profits alongside low employee morale and layoffs.
Yeni araştırma, Fırat Nehri'nin yaklaşık 1.6 milyon yıl önce, Karasu ve Murat nehirlerinin birleşmesiyle oluştuğunu ortaya koydu. Bu oluşum, Mezopotamya'da uygarlıkların gelişiminde kritik rol oynadı.
Chevron applies to join Greece's offshore Block 10 with HelleniQ Energy, aiming for a 70% stake and operator role, highlighting the Eastern Mediterranean's growing importance in Europe's energy landscape.
California Governor Gavin Newsom advised residents to avoid Chevron gas stations this Memorial Day weekend, citing high prices and suggesting non-branded stations offer similar quality fuel at a lower cost. Chevron criticized the governor's remarks as an attack on small businesses.
California Gov. Gavin Newsom urged drivers to avoid Chevron stations, blaming the oil giant for high gas prices. Chevron countered, citing state climate policies. The average price in California is $6.14/gallon.
Chevron CEO Mike Wirth warned of potential global physical oil shortages within weeks due to the Middle East war and the closure of the Strait of Hormuz. He noted that supply disruptions are already impacting economies, with some airlines restricting fuel use and countries implementing demand-reduction measures.
Exxon Mobil and Chevron reported Q1 profit declines of 46% and 37% respectively, despite oil prices reaching levels unseen since 2022. Exxon's earnings fell to $4.2B from $7.7B, while Chevron dropped to $2.2B from $3.5B. Both companies cited timing effects and Middle East supply disruptions, with Exxon saying excluding these effects it would have reported $8.8B profit. Both beat Wall Street expectations.
Exxon Mobil and Chevron reported steep profit declines in Q1 despite surging oil prices from the Iran war. Exxon's net income fell 45% to $4.2 billion, while Chevron's dropped 36% to $2.2 billion. Both companies took massive hits from unfavorable financial hedges related to the Feb. 28 Iran attack, which caused the largest oil supply disruption in history.
WPP accused of breaching its climate policy after report reveals firm linked to twice as much oil advertising as US rivalsA British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.London-based WPP was the leading advertising group serving the US’s oil industry over the past decade, according to analysis by the climate investigations platform DeSmog. The figure is nearly twice the respective amounts linked to its US rivals Omnicom and Interpublic Group (IPG), which merged in November. Continue reading...
L’ex-N.1 mondiale de 27 ans a remporté le tournoi pour la deuxième fois après 2024. Elle s’était déjà imposée en 2021 lors du PGA Championship féminin.
Yoon Ina tied for fourth place at the Chevron Championship in Houston, her first career top-10 finish at an LPGA major. The LPGA sophomore finished at 12-under 276, six strokes behind champion Nelly Korda of the United States. Kim Hyo-joo finished sixth at seven-under 281. Korda claimed her third career major title, continuing her dominant 2026 season.
Nelly Korda won the Chevron Championship wire-to-wire with a five-shot victory, her third major title. The 27-year-old American closed with a two-under 70 to win by five shots at Memorial Park, capturing her 17th LPGA and 21st worldwide victory, returning to world No. 1 for the first time since August.
Nelly Korda reclaimed the world No. 1 ranking after winning the LPGA Chevron Championship by five strokes, her second title at the event in three years. The American equaled the tournament's 54-hole scoring record but finished two shots shy of the overall record at 20 under par. She now has three major championships, having also won the Women's PGA Championship in 2021.
World number two Nelly Korda shot a 70 on Saturday to tie the LPGA Chevron Championship's 54-hole scoring record at 16 under par, taking a five-shot lead into the final round in Houston. The 27-year-old American is seeking her second Chevron title in three seasons, which would elevate her to world number one after leader Jeeno Thitikul missed the cut.
