Chevron

President Donald Trump is expected to remove Syria's state sponsor of terrorism designation ahead of a meeting with Syrian President Ahmed al-Sharaa at the NATO summit in Ankara. The removal would facilitate private-sector investment in Syria and ease legal barriers for companies like Chevron, ConocoPhillips, and Nokia.

President Donald Trump is expected to remove Syria's state sponsor of terrorism designation during a meeting with Syrian President Ahmed al-Sharaa at the NATO summit in Ankara. The move aims to facilitate private-sector investment in Syria and align with broader U.S. strategic goals in the Middle East, though the State Department notes several steps remain before the designation can be officially lifted.

Gas prices in California remain above the national average, with Chevron stations charging significantly more than unbranded stations. A state investigation highlights a price gap between branded and unbranded retailers, while a federal lawsuit accuses Kalibrate and major retailers of using algorithms to maintain high prices. The debate over market practices continues as the state reviews its gas-price oversight laws.

ExxonMobil and QatarEnergy plan to start natural gas production by 2033 from two undersea deposits in Cyprus' exclusive economic zone, with gas likely transported via pipeline to Egypt for liquefaction. The deposits, Glaucus and Pegasus, hold an estimated 7 trillion cubic feet of gas, and the companies aim to expand exploration in the region.

American engineers have overcome extreme geological challenges in the Gulf of America by developing high-pressure drilling technologies, enabling access to vast oil reserves in the Paleogene layer. Projects like Chevron's Anchor and BP's Kaskida, supported by innovations from companies such as Transocean and Trendsetter Engineering, mark a new era of offshore energy capability.

Donald Trump criticized gas retailers for high prices and urged them to lower prices to $2.50 per gallon. The nationwide average was $3.86 per gallon, with California and Hawaii having the highest prices at $5.45 and $5.49 per gallon. Trump also called on California to stop charging heavy gas taxes and instructed the Justice Department to investigate oil companies.

Twin earthquakes of magnitude 7.2 and 7.5 struck north-central Venezuela on June 24, the strongest in over a century, causing over 200 deaths and 1,500 injuries. Oil companies Chevron, Eni, Repsol, and Shell reported no damage to their Venezuelan operations, but the disaster is expected to impact the country's budget.

Chevron's CFO Eimear Bonner stated that gas prices will decrease but not as quickly as Trump desires, while Trump has directed the DOJ to investigate Big Oil.

Chevron's CFO Eimear Bonner stated that pump prices are expected to decrease but will take time to reflect lower crude prices. President Trump ordered the Department of Justice to investigate major oil companies.

Tech shares surged in Japan and South Korea, driven by strong earnings from Qualcomm and Micron Technology, lifting global markets. Oil prices declined amid U.S.-Iran war negotiations, while tech-related indices like the Nikkei 225 and Kospi hit record highs.

Chevron's CFO stated gas prices will normalize following pressure from President Donald Trump on Big Oil. Trump ordered an investigation into oil companies, accusing them of gouging consumers.

Tech shares in Asia surged, led by gains in Japanese and South Korean chipmakers following strong earnings from U.S. companies like Qualcomm and Micron Technology. Oil prices fell as U.S.-Iran negotiations progressed, while Asian stock indices like the Nikkei 225 and Kospi hit record highs.

US stocks showed mixed performance as tech companies like Nvidia and Micron declined, while the Dow Jones rose. Oil prices continued falling amid US-Iran war negotiations, and homebuilders gained after favorable legislation. Treasury yields eased, reducing pressure on stocks.

China’s green energy and battery exports to the US increased last month, driven by easing trade tensions and the US’s demand for energy to support expanding AI infrastructure. Chevron signed a deal to supply electricity to Microsoft for a large data center in Texas, highlighting reliance on natural gas for tech operations.

Chevron and Microsoft have signed a 20-year agreement to develop a data centre in the heart of US oil country, which could include a gas-fired plant. The deal marks Chevron's expansion into power production.

Chevron is supplying natural gas to a Microsoft AI data center through Project Kilby, a 2.67-gigawatt plant in Texas. The project is among the largest co-located power and data center developments in the U.S.

Chevron will supply natural gas to power a large Microsoft data center in Texas. Microsoft is using natural gas to address the energy demands of its data centers.

The oil industry in Pakistan protests a unilateral 18–20% fuel price cut by the government, citing estimated losses of Rs105 billion for refineries and marketing companies. Industry executives warn of potential bankruptcy for several OMCs amid policy instability and the exit of foreign firms like Shell and Chevron.

Richmond, California, has become a focal point in the debate over democratic socialist policies in the U.S., led by the Richmond Progressive Alliance (RPA). Supporters highlight community-focused governance, while critics warn of anti-business risks. The city's political model is seen as a potential precursor to broader shifts in urban politics, with democratic socialist leaders emerging in cities like Seattle, New York City, and Washington, D.C.

Venezuela seeks to revive its oil industry as US licenses allow major firms like Chevron, BP, Eni, Repsol, and Shell to operate again in 2026. However, skilled engineers required to run oil fields have largely left the country, prompting companies such as Halliburton and Chevron to actively recruit them.

The Iran war has boosted U.S. oil producers and refiners, with stock prices rising 20%-70% this year due to higher crude prices and demand. Analysts suggest elevated prices may persist through 2027-2028, driven by global reserve rebuilding and geopolitical shifts. Companies like Chevron, Exxon Mobil, and U.S. shale producers have seen significant gains.

The Nigerian Content Development and Monitoring Board (NCDMB), Chevron, and Bristow have initiated a pilot training program in Lagos to provide 10 Nigerians with world-class aviation training. The training aims to enhance field readiness in the oil and gas sector.

Richmond, Calif., a city with socialist leadership, has long been politically and economically tied to Chevron's refinery. The relationship has shifted from corporate influence to conflict as the city's leaders, including the Richmond Progressive Alliance, challenge Chevron's operations. Past refinery incidents, like a 1999 explosion, have fueled resident concerns about safety and corporate accountability.

Chevron CEO Wirth discusses energy market volatility. The article mentions Chevron Corp and references a Bloomberg photographer.

U.S. Energy Secretary Chris Wright claimed 7 million barrels of oil daily are exiting the Persian Gulf due to U.S. military support, but Chevron CEO Mike Wirth disputed the figure, citing smaller volumes. The Strait of Hormuz remains partially operational amid the Iran war, with Saudi Arabia and the UAE diverting oil via pipelines, creating a 14 million-barrel-per-day gap in typical flows.

The US eased sanctions on Venezuela, allowing Western oil majors like Chevron, Shell, BP, Eni, Repsol, and Maurel & Prom to resume operations. Shell is advancing offshore gas projects, and service firms are returning as royalties and taxes must now flow.

Tom Steyer conceded California’s governor race after lacking enough votes to advance. Steve Hilton and Xavier Becerra will face off in November. California’s jungle primary system pits all candidates together, with the top two advancing regardless of party.

Tom Steyer ended his California governor campaign after failing to advance in the jungle primary. Steve Hilton and Xavier Becerra will face each other in the November general election. Steyer spent over $200 million on his campaign and accused corporate interests of influencing the race through opposition spending.

Companies and countries are dealing with the uncertainty of negotiations to reopen the Strait of Hormuz, as Iran seeks to impose transit fees. The US sanctioned an Iranian agency for collecting these fees and warned Oman against participation, while Chevron's CEO refused to pay. Qatar expressed openness to negotiating short-term fee arrangements.

Chevron and PG&E are spending millions to support Xavier Becerra in a primary against Tom Steyer. Energy companies are funding Becerra's campaign over Steyer before Tuesday's election.

California's gubernatorial race features record-breaking outside spending, with groups like California Is Not For Sale spending $32 million against Tom Steyer and $13 million supporting Xavier Becerra. Chevron, McDonald’s, and PG&E are among major contributors backing Becerra, while progressive unions spent $1.4 million on Tom Steyer. Outside groups have also spent $1.8 million opposing Republican frontrunner Steve Hilton.

Chevron CEO Mike Wirth discusses oil prices, the Strait of Hormuz, and Venezuela. The article focuses on his remarks regarding these topics.

Ships were attacked in the Strait of Hormuz this week, according to the Chevron CEO. The incident occurred in a strategically significant maritime region.

Chevron CEO highlights July and August as critical months for oil inventory levels. The statement emphasizes the importance of these months in managing oil supplies.

Oil prices fell and stocks rose due to optimism about a potential US-Iran deal, but analysts warned of ongoing energy market challenges, including low oil inventories and high insurance rates for ships in the Strait of Hormuz.

Chevron CEO Mike Wirth warns that oil prices are likely to rise due to an Iran-related conflict disrupting supplies. A blockade in the Strait of Hormuz has removed up to 13 million barrels a day from global markets and drawn down 'shock absorbers'.

Texas Senator Ted Cruz criticized California Governor Gavin Newsom for high gas prices, arguing that the issue stems from California's energy policies rather than Chevron. Cruz highlighted a $3.99-per-gallon price in Texas to contrast with California's situation.

Gavin Newsom urged a boycott of Chevron around Memorial Day, which the article criticizes as politically motivated theater. The piece dismisses the move as insincere and calculated to gain public favor.

A major oil group is criticizing Governor Gavin Newsom for offering gas price advice to commuters while relying on routine chauffeured rides. The oil industry group is pointing out what they view as hypocrisy in the governor's stance on energy and transportation. The dispute highlights tensions between state leadership and oil industry representatives over energy policy.

High gasoline prices at $4.50 per gallon are forcing consumers to reduce discretionary spending, including fewer nights out and increased budget constraints. The article examines the economic impact of elevated fuel costs on consumer behavior and household finances.