Chevron

WASHINGTON -- May 21, 2008 – Senate Judiciary Committee Chairman Patrick Leahy (D-Vt.) convened a hearing this morning to examine the explosive rise in oil prices in recent months. The hearing featured testimony from executives of five major oil companies – ExxonMobil, ConocoPhillips, Chevron, BP America and Shell.

Exxon building, Houston, Texas: Photo by Tom Haymes (CC)    » read more »

Washington, D.C. -- May 21, 2008 -- Senator Arlen Specter (R-Pa.), Ranking Member of the Senate Judiciary Committee, today questioned the top oil industry executives on the skyrocketing price of oil at a Senate Judiciary Committee hearing.

In his opening remarks, Senator Specter noted the primacy of the problem:

Gas prices, May 2008: Photo by aaron@digtialcole (CC)

“We are obviously in a crisis, national, international, with the escalating costs of oil and the intolerable prices of gasoline at the pump. It's important that we bear all of our resources to try to figure out what to do about it.”    » read more »

31 March 2008 -- Japan's jobless rate has risen for the first time in five months, and Chevron Corporation has discovered large offshore natural gas deposits in Vietnam. Naomi Martig in Hong Kong has more on these and other business stories from the region.

Japan's unemployment rate has risen for the first time in five months, partly because exports to the United States fell. Japanese officials say the jobless rate rose to 3.9 percent in February, up from the 3.8 percent recorded the previous month.

Analysts say the increase is not worrisome, but that it does indicate that companies are concerned about hiring workers as they deal with rising costs and slower U.S. consumer spending.    » read more »

February 29, 2008 -- OLYMPIA – Washington Governor Chris Gregoire today commented on the creation of a joint venture between and Chevron and Weyerhaeuser:

“I am very pleased by today’s news that Chevron Corporation and Weyerhaeuser Company are forming a joint venture to develop renewable fuels. Climate change threatens our environment’s health and stability, which in turn threatens our economic viability. As a leader in renewable energy, Washington can and must be innovative on moving forward for a cleaner and prosperous future.    » read more »

Joint effort to identify and develop algae strains for feedstock in next-generation biofuels

October 31, 2007 -- SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) announced today that they have entered into a collaborative research and development agreement to study and advance technology to produce liquid transportation fuels using algae.    » read more »

SAN RAMON, CA, Oct. 9, 2007 - Chevron Corporation (NYSE:CVX) today reported in its interim update for the third quarter 2007 that net income is expected to be significantly below the record $5.4 billion earned in the second quarter 2007.    » read more »

SAN RAMON, CA, Oct. 8, 2007 - Chevron Corporation (NYSE:CVX) today filed a petition in an Ecuador Superior Court seeking dismissal of an ongoing environmental lawsuit that has descended into a judicial farce, constituting a denial of Chevron's right to a fair and impartial trial based on evidence and the rule of law.    » read more »