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The Latest Breaking News from Chevron

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…

Bangkok Post

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…

Los Angeles Times

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

The Guardian - US

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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.

Kiplinger

A behind-the-scenes look at how 10 Fortune 500 HR executives are developing return-to-office strategies

People leaders from Amazon, Walmart, and Google share how they're crafting return-to-office strategies to best support the business.

Fortune

Why companies that resist reporting supply chain emissions risk losing their competitive edge

Corporate America is divided on whether to embrace the disclosure of Scope 3 emissions—the greenhouse gasses emitted by a company’s suppliers and customers. If they’re to remain competitive, this will have to change.

Fortune

Founder of collapsed crypto exchange insists he 'didn't ever try to commit fraud'

Once a darling in the business and tech world, Sam Bankman-Fried has become a pariah. The founder of crypto exchange FTX, which declared bankruptcy last month, has given his first media interview since his platform collapsed. He denied any intention to commit fraud and pleaded ignorance at the mismanagement of…

France 24

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US eases Venezuela oil sanctions after gov’t, opposition ink deal

The easing of sanctions comes after the Maduro government and the opposition signed accord to set up a UN-mandated fund.

Al Jazeera

Chevron to resume Venezuela oil output as US eases sanctions

The Biden administration granted Chevron a license to resume oil production in Venezuela after U.S. sanctions halted all drilling activities almost three years ago.

Tribune News Service

U.S. gives Chevron go ahead to pump oil in Venezuela again

The license signals an opening for other oil companies to resume their business in Venezuela.

Axios

Venezuela factions restart talks, eyeing sanctions relief

Venezuela’s battling political factions restarted negotiations on Saturday in Mexico, signing a rare deal to work together on a humanitarian spending plan and setting the stage for the U.S. to ease restrictions on Chevron to operate in the country.

Tribune News Service

Venezuela's gov, opponents resume talks; US eases sanction

Venezuela’s government and its opposition have agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides

The Independent UK

Biden eases Venezuela sanctions as opposition talks resume

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition

The Independent UK

Tobacco companies can’t sponsor Australian arts. Should fossil fuel giants be banned too?

A 350.org database shows almost two dozen arts organisations are still reliant on mining money – but some are hunting for alternatives

The Guardian - AU

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Ballotpedia

Checks and Balances November 2022

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.

Tribune News Service

Warren Buffett’s portfolio: Here are the stocks Berkshire Hathaway is buying or selling

Warren Buffett is arguably the world’s most famous investor, and his investment moves are closely followed. Each quarter, the company he runs, Berkshire Hathaway, discloses its current holdings to shareholders.

Bangkok Post

60 years of Chevron Thailand and its mission to provide cleaner energy

Looking back 60 years, when the petroleum exploration and production business was still new to Thailand, no one would not have imagined that you would see the growth of the Thai energy industry since the pioneering era. Until today, Thailand has been able to reduce its dependence on foreign energy…

Bangkok Post

Hunt for higher local gas supply

The state subsidy programme for electricity prices is not the only way to curb their rapid increase, which is partially driven by the import of costly liquefied natural gas (LNG).

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news in one place.

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Texas Observer

Climate Activists Sit In At Department of Transportation Over Oil Exports

Deepwater terminals in the Gulf would fuel output and growth despite the Biden administration's promises of steep emissions cuts.

Benzinga

Check Out What Whales Are Doing With CVX

Someone with a lot of money to spend has taken a bullish stance on Chevron (NYSE:CVX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Reason

Supreme Court Turns Down Opportunity to Reconsider Three More Precedents

Justices Thomas and Gorsuch have a much greater appetite for reconsidering prior precedent than the other justices do.

Al Jazeera

How US climate lawsuits could hold Big Oil accountable

If successful, a growing wave of lawsuits could force companies to pay for climate adaptation, experts say.

Reason

Seven Reschedules, Four Relists, Zero Joins for Justice Gorsuch's Chevron Dissental

Justice Gorsuch is still at Step 0 of overruling Chevron.

Reason

Some Supreme Court Justices Want the Court To Tackle More Government Abuse Cases

Unfortunately, in five separate cases today, they're outnumbered.

StockNews.com

3 Big Reasons Why Oil Stocks Are No Longer a Buy

Oil stocks have been one of the few bright spots in the S&P 500 (SPY), during the doom and gloom of the 2022 bear market. However, that party could soon be coming to an end. Below I lay out 3 reasons why oil stocks are no longer a buy, plus…

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