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Stories about Chevron

Exxon, Chevron warn of sustained high fuel prices amid Iran conflict
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Exxon, Chevron warn of sustained high fuel prices amid Iran conflict

Jul 31, 2026· CryptoBriefing
Chevron partners with Microsoft for 20-year power production deal to fuel AI data centers
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Chevron partners with Microsoft for 20-year power production deal to fuel AI data centers

Jun 22, 2026· CryptoBriefing
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Donald TrumpIranExxonMobilMicrosoftReutersDOJIsaiasNew York Stock Exchange
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Latest Chevron articles

U.S. Gulf Energy Hub Braces for Category 2 Hurricane

U.S. Gulf Energy Hub Braces for Category 2 Hurricane

Tropical Storm Isaias is forecast to strengthen into a Category 2 hurricane, with the northern US Gulf Coast in its crosshairs later this week. The cone of uncertainty includes critical energy assets, such as offshore oil rigs and major refineries. Isaias was about 285 miles west of Progreso, Mexico, with maximum sustained winds of 40 miles per hour, the National Hurricane Center wrote in its latest advisory. It is expected to become a hurricane Thursday. Dozens of offshore oil and natural gas rigs are in the storm's path. Chevron is evacuating…

ChevronIsaiasMexico
Oct 7, 2026 · byOilPrice.com
Chevron, Shell and BP Pull Workers From the Gulf Ahead of Hurricane

Chevron, Shell and BP Pull Workers From the Gulf Ahead of Hurricane

Chevron is evacuating workers from all its platforms in the Gulf of Mexico as meteorologists warn of a tropical storm approaching the area. For now, Chevron is only evacuating non-essential personnel, Reuters reported, saying that oil production at the facilities remains normal. Some analysts, however, see the storm warning as a further complication for already jittery oil markets. Shell is also evacuating non-essential personnel from six offshore platforms, CNN reported, and so is BP, in anticipation of the storm’s approach. The report cited…

CNNChevronReuters
Oct 7, 2026 · byOilPrice.com
Middle East conflict exposes fragile energy markets, Chevron chief warns

Middle East conflict exposes fragile energy markets, Chevron chief warns

London: The global energy system has become more fragile as the Middle East conflict enters its eighth month, with buffers for oil and fuel supplies continuing to shrink, according to Chevron Chief Executive Officer Mike Wirth. Speaking at the Energy Intelligence Forum in London, Wirth said underlying oil and gas market fundamentals were tightening, leaving the market more vulnerable to supply disruptions. “The energy system is more fragile today than earlier in the conflict,” Wirth said, adding that the floor under oil prices is gradually rising as supply cushions diminish. Wirth noted that while Brent crude futures are trading around $100 per barrel, the landed price of physical oil in Asia is currently closer to $150 per barrel, highlighting the divergence between benchmark futures prices and conditions in physical energy markets. Beyond crude oil, refined fuel markets have also become increasingly tight in recent months, driving gasoline and diesel prices significantly higher than the cost of the crude oil used to produce them. The surge in fuel costs has prompted governments to consider measures aimed at protecting consumers and industry. Last week, the G7 agreed to release 100 million barrels from strategic crude oil and diesel reserves amid concerns about supply shortages and discussions around potential US export restrictions. Wirth cautioned against export bans, arguing that restricting supply could worsen market pressures rather than ease them. “Restricting supply, which an export ban would do, constrains supplies at a time when the world needs them,” he said. He added that the United States remains closely linked to global energy markets and warned that a diesel export ban may not produce the intended benefits for American consumers. The comments come as governments and energy companies closely monitor the impact of continued geopolitical tensions on global oil, fuel and energy security.

AsienBrentChevron
Oct 6, 2026 · byMobile Business
Michigan Judge Tosses State's Antitrust Suit Against Big Oil

Michigan Judge Tosses State's Antitrust Suit Against Big Oil

A district judge in Grand Rapids has dismissed a lawsuit brought against several oil supermajors that accused the companies of conspiring to interfere with competition in alternative energy and electric cars. The lawsuit was filed by Michigan Attorney General Dan Nessel, alleging Exxon, Chevron, Shell, BP, and the American Petroleum Institute colluded to try to “restrain the emergence of electric vehicles and ‌renewable primary energy technologies in the United States,” as quoted by Reuters. According to Judge Jane Beckering, however,…

ChevronMichiganReuters
Sep 23, 2026 · byOilPrice.com
Big Oil’s Production Keeps Soaring Despite Deep Spending Cuts

Big Oil’s Production Keeps Soaring Despite Deep Spending Cuts

Some of the world’s largest oil and gas companies have adopted a new modus operandi ever since the historic oil price crash of 2020 devastated energy companies, prioritizing returning more cash to shareholders while expansion plans have been put on the back burner. Indeed, over the past five years, Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), British Petroleum (NYSE:BP), Shell (NYSE:SHEL) and TotalEnergies (NYSE:TTE) have collectively spent more than $100 billion annually in dividends and buybacks, good for nearly 80% of their earnings. Hardly…

ChevronNew York Stock Exchange
Sep 20, 2026 · byOilPrice.com
Chevron CEO warns of rising oil prices amid supply disruptions

Chevron CEO warns of rising oil prices amid supply disruptions

Rising oil prices could strain global economies, increase inflation, and heighten geopolitical tensions, impacting energy policies worldwide. The post Chevron CEO warns of rising oil prices amid supply disruptions appeared first on Crypto Briefing .

Chevron
Sep 20, 2026 · byCryptoBriefing
Global Fuel Squeeze Triggers U.S. Refiners Stocks Rally

Global Fuel Squeeze Triggers U.S. Refiners Stocks Rally

Energy stocks have rallied this year as oil prices soared amid the Middle East conflict. The U.S. supermajors ExxonMobil and Chevron have seen their stocks gain about 40% each so far in 2026, but U.S. refiner stocks have outperformed the majors because the global fuel market is much tighter than crude oil markets. The share prices of Phillips 66 (PSX:NYSE), Valero Energy (VLO:NYSE), and Marathon Petroleum (MPC:NYSE) have more than doubled this year, as fuel markets are tightening with more than 7 million barrels per day (bpd) of refined product…

ChevronExxonMobilNew York Stock Exchange
Sep 14, 2026 · byOilPrice.com
Chevron Targets Four Continents in New LNG Expansion Drive

Chevron Targets Four Continents in New LNG Expansion Drive

Chevron is looking at expanding its natural gas business and opportunities in Argentina, the Mediterranean, Africa, and Australia, as it aims to offer diversified LNG supply to its customers, Freeman Shaheen, President of Global Gas at Chevron, told Reuters on Monday. The energy crisis in the wake of the Middle East conflict that trapped LNG supply from Qatar and the United Arab Emirates (UAE) has prompted buyers to seek diversification and diverse contracting structures. “What we're seeing from this crisis is that it just reinforces the…

AfricaArgentinienAustralien
Sep 14, 2026 · byOilPrice.com
Permian Gas Has Been Worth Less Than Nothing for 118 Days This Year

Permian Gas Has Been Worth Less Than Nothing for 118 Days This Year

Outside Pecos, Texas, Chevron is getting ready to build a power plant to solve a problem the Permian Basin has been stuck with for years, which is that it produces far more natural gas than anyone nearby is willing to pay for.  Chevron's subsidiary, Energy Forge One, signed a 20-year agreement with Microsoft in June to build a gas-fired plant beside a data center campus, ramping up to roughly 2.67 gigawatts. The final investment decision is due by the end of this year, with power flowing in 2028. One deal in one county doesn't make a trend,…

ChevronMicrosoftTexas
Sep 10, 2026 · byOilPrice.com