Kremlin officials are dangling the prospect of lucrative investment deals for American energy companies, apparently seeking to convince President Trump that large economic gains could come from siding with Moscow in ending the war in Ukraine and scrapping economic sanctions on Russia. There is no doubt that Russia has vast troves of oil and natural…
Chevron, the second-largest U.S. oil and gas company, said on Wednesday that it would lay off as much as 20 percent of its work force, or up to around 9,000 people, as part of a cost-cutting effort. While the cuts are deeper than at other oil companies, they are in keeping with a broad trend…
Oil and gas companies in the United States are bracing for the possibility that President Trump will thrust their businesses into disarray and will drive up prices at the pump by imposing 25 percent tariffs on goods from Canada and Mexico. The United States is the world’s largest oil producer, but the country’s refineries are…
The artificial intelligence boom has turbocharged demand for electricity, and everyone who is anyone in the U.S. energy industry wants a piece of the action. The latest entrant is Chevron, the country’s second-largest oil and gas company, which sees opportunity in building natural gas-fueled power plants that will feed energy directly to data centers. Chevron…
Chevron said Friday that it had completed an expansion at its Tengiz oil field in Kazakhstan intended to increase production this year to around one million barrels a day, approaching 1 percent of global supplies. Chevron, which recently moved its headquarters from near San Francisco to Houston, continues to plow money into oil production, shrugging…
For years, as oil and gas companies increased production, they hired lots of workers, enriching communities across the United States. That is no longer true. The country is pumping more oil than ever and near-record amounts of gas. But the companies that extract, transport and process these fossil fuels employ roughly 25 percent fewer workers…
In a decision widely seen as benefiting climate activists, the Supreme Court on Monday declined to hear a challenge to a lawsuit filed by Honolulu against oil companies over their role in global warming. The Honolulu case is one of the most prominent among two dozen similar suits brought by state and local governments that…
