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Chevron Corp

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  • BUENOS AIRES, Dec 23- Argentina will cut the price for crude oil produced and sold in the country to allow a 5 percent reduction in gasoline prices, the government said on Tuesday. The federal government, which regulates domestic energy prices, announced a $7 per barrel cut in the fixed price of crude under a deal struck with private oil companies and oil-producing...

  • Asian shares up after Dow surpasses 18,000 points Tuesday, 23 Dec 2014 | 4:31 AM ET

    In a year full of market milestones, Wall Street crushed a couple more Tuesday, lifting the Dow Jones industrial average past the 18,000- point mark for the first time and delivering the Standard& Poor's 500 index its second record-high close in two days. Investors welcomed the latest encouraging news on the economy as the government said the U.S. grew at the...

  • BUENOS AIRES, Dec 22- Argentina's central government and oil pumping provinces have agreed to cut the fixed price of crude oil produced and sold in the country, a step that would likely ease price pressures on consumers facing one of the world's highest inflation rates. Guillermo Pereyra, head of the influential Private Oil and Gas Union of Rio Negro, Neuquen and...

  • HOUSTON, Dec 22- Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive and keep debt in check. With oil prices down more than 40 percent since June, some companies, including ConocoPhillips, have slashed spending by 20 percent.

  • *Gilead falls as Express Scripts picks AbbVie treatment. *Dow boosted by gains at Intel, IBM. The S&P energy index fell 1.2 percent as the day's weakest sector; Chevron Corp lost 1 percent to $111.76 while Halliburton Co was off 2.2 percent at $39.61.

  • *Gilead falls as Express Scripts picks AbbVie treatment. *Dow boosted by gains at Intel, IBM. The S&P energy index fell 1.6 percent as the day's weakest sector; Chevron Corp lost 1.3 percent to $111.44 while Halliburton Co was off 1.9 percent at $39.70.

  • Biggest weekly gain in nearly two years for S&P 500 Friday, 19 Dec 2014 | 4:27 PM ET

    Stocks rose on Friday, after the S&P 500's best two-day streak in years.

  • Midday movers: Sony, IBM, Red Hat & More Friday, 19 Dec 2014 | 1:10 PM ET

    Some of Friday midday movers:

  • 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...

  • US oil extends swoon, plunges 4% to end near $54 Thursday, 18 Dec 2014 | 2:36 PM ET

    Global crude prices fell again on Thursday, a day after rallying, as traders placed new bets that the market would resume a six-month rout.

  • 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...