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The Latest Breaking News from Chevron

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Los Angeles Times

Editorial: Big Oil reaps record profits while the planet burns. California should curb its greed

Chevron, Shell, Exxon Mobil and other oil companies made more money than ever in 2022, showing just how massive a windfall they reaped as surging gas prices made it a struggle for drivers to afford filling up.

Los Angeles Times

Shell profits soar to £32billion as millions struggling to pay their energy bills

The latest figures follow MPs hearing that around 12 million households are now spending more than 10% of their income on energy bills - the previous definition of fuel poverty

Daily Mirror

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Revealed: how world’s biggest fossil fuel firms ‘profited in Myanmar after coup’

Leaked tax records suggest subsidiaries of international gas field contractors continued to make millions after the coup

The Guardian - US

Exxon announced record earnings. It's bound to renew scrutiny of Big Oil

Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit.

WEKU

"War profiteering" Chevron's record gain

"It has price-gouged consumers in plain sight and it's going to get away with it," consumer advocate says

Salon

Oil giants making 'obscene' £5,000 profit a second while millions struggle to heat homes

Five of the world's biggest oil companies are expected to reveal profits equating to £5,000 a second between them while millions continue to struggle with rising energy bills

Daily Mirror

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Justice Kavanaugh on Major Questions, Chevron, and US News Rankings

Associate Justice Brett Kavanaugh addressed questions on a range of questions at a recent Notre Dame symposium.

Reason

Fifth Circuit declines to apply Chevron deference in bump stock ruling

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

The struggle in harnessing power prices

Following protests from the business community, the Energy Regulatory Commission (ERC) reduced its planned hike to the power tariff for companies to 13%, down from 20.5%, but entrepreneurs say they cannot maintain product prices at these rates.

Bangkok Post

Bay Area Plans to Refine Biofuels Could Derail Climate Goals, Warn Environmentalists

Oil companies may end up relying on environmentally questionable crop-based fuels.

Capital & Main

Erawan gas output to return to normal

PTT Exploration and Production Plc (PTTEP) expects gas production at the Erawan field in the Gulf of Thailand to increase to the normal level of 800 million metric standard cubic feet per day (MMSCFD) by April next year, as part of an effort to increase domestic gas supply and reduce…

Bangkok Post

Eni, Chevron Announce New Gas Discovery in Egyptian Field

Italian energy group Eni and US energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea. The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron, which holds a 45% interest…

Asharq Al-Awsat

$58 billion investment in E&P; Chevron, Exxon, Total keen on India: Hardeep Puri

NEW DELHI: India will likely see an investment of $58 billion in finding and producing oil and gas resources by 2023, oil minister Hardeep Singh Puri said on Friday, adding global energy majors Chevron Corp, ExxonMobil and TotalEnergies are keen to invest.

The Times of India

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ABC News

How three major gas outages are adding to WA's energy supply headaches

WA's gas supply is facing an "unusual situation", with three major outages amid a tricky period for the state's energy system. So what's the latest challenge, and how does it affect keeping the lights on and air conditioners running?

Reason

En Banc Fifth Circuit Denies Chevron Deference to ATF in Bump Stock Case

A majority of judges concluded the plain language of the statute does not apply to bump stocks, but they also would have denied Chevron deference had they found the statute ambiguous.

Salon

Corporate money fuels SCOTUS group

Chevron, Goldman Sachs and anti-abortion activists donated to Supreme Court nonprofit, reports New York Times

Kiplinger

The Best Warren Buffett Dividend Stocks

The best Warren Buffett dividend stocks are expected to produce impressive returns for the Berkshire Hathaway equity portfolio. Here are five with healthy yields.

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The Independent UK

Cyprus: Plant to process Israeli gas for export an option

Cyprus’ energy minister says a pipeline conveying Israeli natural gas to the island nation where it would be liquefied for export by ship is an option the government is weighing on how to get east Mediterranean gas to Europe and elsewhere amid the energy crisis prompted by Russia’s war in…

Reuters

Russia discusses debt, energy stability with Venezuela

Russian Deputy Prime Minister Alexander Novak met on Wednesday with Venezuela's oil minister in Caracas, where they discussed oil market volatility and the status of Venezuela's outstanding debts to Russia.

The New Daily

Michael Pascoe: Shocking news – business lobbyists don’t tell the truth

When dealing with business lobbyists, one must start with the assumption that they are not telling the truth.

Bangkok Post

Why does Biden want to buy Venezuelan oil again?

The fix is in. During the Thanksgiving holiday, the Biden administration announced it was quietly reversing policy and allowing limited petroleum imports from Venezuela. The Treasury Department lifted restrictions permitting a six-month deal to ease sanctions so that Chevron petroleum may buy and then ship Venezuelan crude oil to American…

Los Angeles Times

Editorial: Big Oil shouldn’t be able to fleece Californians while polluting the planet

Gov. Gavin Newsom’s proposal to penalize excessive oil refinery profits is a relatively straightforward effort to prevent price gouging that reached new heights this year as gas prices in the state spiked to more than $6.40 a gallon. While Californians paid $2.60 a gallon more than the average American motorist…

The Guardian - US

Oil firms have internally dismissed swift climate action, House panel says

Documents show the fossil fuel industry ‘has no real plans to clean up its act’ and took steps to continue business as usual

Kiplinger

The Best Energy ETFs to Buy

Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.

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