Home / Tag Archives: chevron (page 3)

Tag Archives: chevron

Falling oil prices push Chevron to first loss since 2002

FILE - This Aug. 20, 2012, file photo, shows a Chevron sign in Miami. Chevron Corp. reports financial earnings on Friday, Jan. 29, 2016. (AP Photo/Alan Diaz)

DALLAS — Chevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue. Oil traded this month at levels not seen since 2003, although it has rebounded slightly in the last few days. Cheaper energy is great for consumers, who save with every fill-up, ...

Read More »

US stocks rebound a day after plunge, led by energy sector

NYSE wall st stocks

U.S. stocks bounced back from an early slide Thursday, recouping some ground a day after their worst drop since September. Energy stocks led the rally as the price of crude oil climbed more than 2 percent. Exxon Mobil and Chevron jumped 4 percent, by far the largest gains in the Dow Jones industrial average. Investors also had their eye on ...

Read More »

California gas prices rise despite national trend

California sign

Partial shutdowns at two California refineries and a drop in imports of refined gasoline and gasoline ingredients are causing prices at the pump to climb in California just before the holidays. And that’s despite a sharp drop in oil prices to multiyear lows. On Monday, the average price of gas in Orange County was $2.869 a gallon, almost 14 cents ...

Read More »

Cheaper oil buoys consumers, hammers producers

DALLAS — Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. That, of course, is good news for consumers and fuel-guzzling industries like airlines, but oil producers are being squeezed and thousands of workers in the oil ...

Read More »

Wall Street slightly lower as energy and retail stocks sag

Wall Street was slightly lower in choppy trading on Wednesday, as a drop in oil prices weighed on energy stocks and disappointing results from Macy’s pummeled retailers. Oil prices slipped more than 2 percent after data showed an increase in U.S. stockpiles. The S&P energy sector <.SPNY> fell 1.41 percent, leading the six decliners among the 10 major S&P sectors. ...

Read More »

Turzai: Thanks for the layoffs, Wolf

Tell us how you really feel about Wolf’s energy policies, Mike. In a strongly-worded commentary during Shale Insight, a natural gas convention in Philidelphia, State Representative Mike Turzai sourced the energy industry layoffs in part to Gov. Tom Wolf’s proposed severance tax. According to a Pittsburgh Business Times report, Turzai said in a panel discussion that the mass shedding of ...

Read More »

Opinion: An oil fight unlike any other

In California, Chevron, Tesoro and other oil giants are acting as if the end is near. The grim reaper, as they see it, comes in the person of Tom Steyer, the billionaire environmentalist, and his buddy, Senate President Pro Tem Kevin de León. The instrument of their demise is de León’s Senate Bill 350, which would require Californians to cut ...

Read More »

Wall St pares losses but still down sharply

stock market

  Wall Street pared some losses on Monday after the Dow Jones industrial average lost more than a 1,000 points in volatile trading following a steep drop in Chinese shares and a selloff in oil and other commodities. The Dow, which was down 325 points in mid-morning trading, has never lost more than 800 points in a day. With Monday’s ...

Read More »

LOIS HENRY: We don’t need more misinformation about fracking

fracking

Sometimes the only appropriate response I can muster to the idiocy that goes on in Sacramento is “Oh, brother.” We are a family newspaper, after all. This time, it’s a bill by Assemblyman Mike Gatto, D- Burbank, that would require all food irrigated with oilfield water to be labeled, “Grown using recycled or treated hydraulic fracturing oilfield wastewater.” In other ...

Read More »