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GovernmentBusinessTechnologyFuel

Chevron Plans to Build Gas Plants to Power AI Data Centers

Chevron is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to tap into surging demand for electricity for AI.

January 28, 2025
BusinessFuel

Hess Confident of Arbitration Win Against Exxon

Exxon鈥檚 claim of right-of-first-refusal to Hess鈥 30% stake in Guyana鈥檚 Stabroek block is 鈥渂aseless鈥 and 鈥渨ithout merit,鈥 CEO John Hess said at a Goldman Sachs Group Inc. conference Jan. 7.

January 7, 2025
BusinessFuel

Chevron Slows Permian Growth in Hurdle to Trump Oil Plan

Chevron plans to slow production growth in the biggest U.S. oil field next year in the most definitive sign yet that President-elect Donald Trump faces an uphill battle to ramp up energy output.

December 6, 2024
BusinessFuel

As Crude Fades, Big Oil Must Borrow to Pay Investors

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.

October 28, 2024
BusinessFuel

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

Chevron Corp. agreed to sell its stakes in some oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 billion.

October 7, 2024
GovernmentBusinessFuel

Chevron to Quit California for Texas After Warning on Rules

Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State鈥檚 regulatory regime was making it a tough place to do business.

August 2, 2024
GovernmentBusinessFuel

Chevron, Hess Merger Faces Long Delay

Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.

August 1, 2024
GovernmentBusinessTechnologyFuel

American Farmers鈥 Next Hot Commodity Is Canola for Biofuels

A growing number of energy and agriculture firms have been boosting spending in an effort to plant and crush more canola, an oilseed that could play a big role in the renewable fuel markets.

July 22, 2024
GovernmentBusinessFuel

FTC Delays Chevron-Hess Decision to After Exxon Arbitration

The FTC plans to delay its decision whether to block Chevron.鈥檚 $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

July 11, 2024
BusinessFuel

Hess Investors Vote in Favor of $53 Billion Chevron Takeover

Hess Corp. shareholders approved Chevron Corp.鈥檚 $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.

May 28, 2024