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Chevron Corp

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  • MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...

  • Chevron: Big flames at refinery no cause for alarm Friday, 19 Dec 2014 | 12:13 AM ET

    RICHMOND, Calif.— Large flames and white clouds of steam visible for miles from a San Francisco Bay Area refinery caused no harm to the surrounding community. The Richmond Fire Department dispatched crews to the refinery but cancelled the call when the refinery told them it was a normal flaring operation. KTVU-TV reports no one was injured inside the plant and no...

  • US stocks inch higher after a big two-day rally Friday, 19 Dec 2014 | 12:07 AM ET

    Benchmark U.S. crude bounced up from recent lows, climbing $2.36 to settle at $56.52 a barrel in New York, as traders bet that a 6- month plunge in prices had gone too far. Nike's stock dropped $2.24, or 2 percent, to $94.84. The maker of athletic apparel posted results that beat Wall Street's forecasts late Thursday, but a drop in orders from Japan and developing...

  • *Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...

  • Oil prices not going up soon: IEA director Thursday, 18 Dec 2014 | 12:38 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    The oil market will eventually respond to low prices, but demand remains muted in China and elsewhere, said Maria van der Hoeven.

  • UPDATE 6-Oil pares gains after early jump to $63 Thursday, 18 Dec 2014 | 10:27 AM ET

    LONDON, Dec 18- Brent crude pared early gains on Thursday to trade back below $62 a barrel, giving up much of a 3 percent spike in London as traders assessed whether a price rout is done. Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses accelerating after producer group OPEC...

  • LONDON, Dec 18- Brent crude rose 2 percent to above $62 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production. Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses...

  • Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses accelerating after producer group OPEC decided not to cut output at its meeting last month. At 1109 GMT on Thursday, Brent for February delivery was $2.09 higher at $63.27, after settling up $1.17 in the prior session.

  • Oil this week hit a five-year low of $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelmed demand, with losses accelerating after OPEC decided not to cut output at its meeting last month. At 0918 GMT on Thursday, Brent for February delivery was $1.10 higher at $62.28, after settling up $1.17 in the prior session.

  • Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent. Canadian oil producers also deepened cuts in 2015 spending, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling...

  • Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely, while Marathon Oil cut its capital expenditure for next year by about 20 percent. Canadian oil producers also deepened 2015 spending cuts, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling...

  • NYMEX-Crude steady above $56/bbl after 1 pct gain Wednesday, 17 Dec 2014 | 7:34 PM ET

    TOKYO, Dec 18- U.S. crude futures were little changed above $56 a barrel on Thursday following volatile trading the previous day due to bearish U.S. oil data, Russia's rouble crisis and a U.S. decision to resume diplomatic ties with Cuba after 50 years. *NYMEX crude for January delivery, which expires after Friday's settlement, was up 1 cent at $56.48 a barrel by 0006...

  • Chevron drops Canada drilling plan amid oil's fall Wednesday, 17 Dec 2014 | 7:25 PM ET

    Chevron has put a plan to drill for oil in the Canadian Arctic on hold because of "economic uncertainty" caused by oil's fall.

  • CALGARY, Alberta, Dec 17- Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall. In a letter to Canada's National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because it has walked away...

  • Stocks rally on oil turn as Fed vows rate patience Wednesday, 17 Dec 2014 | 5:03 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 29, 2014.

    Stocks rose Wednesday as investors bet the Fed would continue to support the economy.

  • Trying to pick a bottom in energy stocks Wednesday, 17 Dec 2014 | 4:07 PM ET
    Traders on the floor of the New York Stock Exchange.

    Trying to pick a bottom in energy stocks: is this the time to go long?

  • Oil stocks see 'bottom' in crude, but analysts do not Wednesday, 17 Dec 2014 | 3:00 PM ET

    Oil stocks bounced, in their best day in three years, but oil industry analysts say the equities may be premature in celebrating a bottom in oil prices.

  • Midday Movers: Carnival, Chevron, Netflix & more Wednesday, 17 Dec 2014 | 12:59 PM ET

    Some of Wednesday's midday movers:

  • Lightning Round: This company's in the sweet spot Tuesday, 16 Dec 2014 | 7:55 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Cramer Remix: It's the right time to buy this Tuesday, 16 Dec 2014 | 7:36 PM ET
    Jim Cramer on Mad Money.

    It’s been a wild ride, but Jim Cramer thinks that things could still look bright for this energy-related stock.