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Energy John Watson

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat Wall Street's profit expectations on Friday, a sign the oil industry has regained its footing after a two-year price spiral. Looming over the large international oil companies, though, is uncertainty over whether the Organization of the Petroleum Exporting Countries...

  • HOUSTON, April 28- Oil producer Chevron Corp posted a better-than-expected quarterly profit on Friday due to cost cuts, asset sales and rising crude prices. Chevron posted net income of $2.68 billion, or $1.41 per share, compared to a loss of $725 million, or 39 cents per share, in the year-ago period. Production rose 0.4 percent to 2.67 million barrels of oil...

  • LONDON/ DUBAI, April 11- Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco. Aramco has also looked into investing in gas ventures abroad, including with...

  • LONDON/ DUBAI, April 11- Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco. Aramco has also looked into investing in gas ventures abroad, including with...

  • Drillers added 10 oil rigs in the week to April 7, bringing the total count up to 672, the most since August 2015, energy. More than half of the rigs added since the recovery started in June after crude prices first topped $50 a barrel, were in the Permian basin, the nation's biggest shale oil formation located in west Texas and eastern New Mexico.

  • Drillers added 10 oil rigs in the week to April 7, bringing the total count up to 672, the most since August 2015, energy. RIG-OL-USA- BHI> During the same week a year ago, there were 354 active oil rigs. below $53 a barrel on Friday after the United States fired missiles at a Syrian government airbase, putting the contract on track to rise for a second week in a row.

  • HOUSTON, April 5- Nearly a century after Chevron Corp amassed the No. 2 stake in America's largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company's vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron's biggest ventures.

  • BOSTON, March 23- President Donald Trumps White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil. According to the SEC, a publicly traded company must deem a matter "material" and report it to the agency if there is a substantial likelihood that a...

  • BOSTON, March 23- President Donald Trumps White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil. According to the SEC, a publicly traded company must deem a matter "material" and report it to the agency if there is a substantial likelihood that a...

  • HOUSTON, March 9- U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies. As shale firms rebound from a two-year price war with OPEC, many are planning to expand production in North Dakota, Oklahoma and other shale regions.

  • HOUSTON, March 8- Financially strapped oil producers are spending billions to boost production before it's clear that recent crude price gains brought on by OPEC output cuts can be sustained. For now, U.S. producers are taking advantage of the price increase spurred by OPEC's production cuts to boost their output. Some of the oil they are pumping would not have...

  • Feb 17- U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of pumping oil from shale...

  • U.S. President Donald Trump

    CNBC read over every instance where S&P 500 executives mentioned Trump by name in their corporate earnings calls.

  • Jan 30- Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability. The company said its board approved a grant to Chief...

  • The results showed that Wall Street analysts overestimated how much the No. 2 U.S. oil producer could improve with cost cuts in the quarter after two years of lackluster results. Like many U.S. oil producers, Chevron has benefited from the OPEC oil cartel's move to curtail production, which has helped lift crude prices in recent months. The California- based...

  • Chevron Chairman and CEO John Watson

    John Watson benefited from a smart employee retention policy he says others can institute too.

  • Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.. "This is the fourth consecutive year of spending reductions," Chief Executive John Watson said in a statement. San Ramon, California- based Chevron reported a drop in third-quarter profit in...

  • Chevron CEO John Watson

    Chevron CEO John Watson joined CNBC to discuss the energy market and its latest endeavor.