Oil steadies as Sverdrup field restart counters geopolitical concerns LONDON: Oil prices steadied on Tuesday as the restart of production at Norway’s Johan Sverdrup oilfield offset... Updated 19 Nov, 2024 08:11pm
Business & Finance QatarEnergy buys 23% of offshore Egypt block from Chevron DUBAI: QatarEnergy will buy a 23% stake from Chevron in an offshore exploration block in Egyptian waters, it said on... Published 11 Nov, 2024 03:40pm
Markets Chevron celebrates opening of 200th oil change facility in Pakistan KARACHI: Chevron Pakistan Lubricants (Private) Limited (“Chevron Pakistan”) announced the opening of the 200th... Published 05 Sep, 2024 07:45am
Markets Chevron to invest about $989mn in India, state minister says Chevron plans to invest 83 billion rupees ($989.20 million) in India’s Bengaluru, in what will be the oil and gas... Published 22 Aug, 2024 11:03am
Markets Chevron’s $53bn Hess buyout threatened by rival oil giants NEW YORK: Chevron disclosed Monday that its proposed $53 billion acquisition of fellow American firm Hess could be... Published 27 Feb, 2024 11:25am
Markets Chevron earnings fall as charges, weak margins clip 2023 profits HOUSTON: Chevron Corp on Friday reported a sharply lower, $21.3 billion profit for 2023 as earnings from oil... Published 02 Feb, 2024 05:31pm
World Oil tankers continue Red Sea movements despite Houthi attacks HOUSTON: Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have... Updated 09 Jan, 2024 09:02pm
World Record more than 2,000 fossil fuel lobbyists at COP28 talks: NGOs PARIS: A record almost 2,500 fossil fuel lobbyists have been accredited for UN climate talks in Dubai, as... Published 05 Dec, 2023 10:26am
Business & Finance Chevron’s third-quarter profit slumps HOUSTON: Chevron posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its share... Published 30 Oct, 2023 05:24am
Pakistan Flood-hit provinces: Chevron constructs 175 shelter homes KARACHI: In 2022, Pakistan was hit by one of the worst floods in its history. Millions of people were affected by ... Published 17 Oct, 2023 05:51am
Markets Union starts further 24-hour stoppage at Chevron’s Australian LNG facilities SYDNEY: Australia’s Offshore Alliance union said on Sunday that workers had begun a second 24-hour strike at... Published 17 Sep, 2023 10:29am
Markets Australia regulator clears way for strike vote at Chevron LNG plants SYDNEY/SINGAPORE: Australia’s labour regulator has issued an order allowing a workers’ union to check with employees... Published 11 Aug, 2023 10:13am
Business & Finance Exxon posts 56pc profit slump, joins peers in energy price hit HOUSTON: Exxon Mobil Corp on Friday reported a 56% slump in second-quarter profit, missing Wall Street bets and... Published 31 Jul, 2023 06:43am
Business & Finance ExxonMobil, Chevron report higher profits despite oil price dip NEW YORK: US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies... Published 02 May, 2023 05:59am
Business & Finance Chevron tops estimates with Q1 profit gain despite slide in oil prices HOUSTON: Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter,... Published 28 Apr, 2023 05:33pm
Markets Chevron CEO says natural gas markets fundamentally changed by Ukraine war HOUSTON: The global natural gas market has been more fundamentally changed for the long term than the oil market by... Published 13 Mar, 2023 06:15am
Business & Finance BP makes record profit of $28bn in 2022 LONDON: BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated ... Published 13 Feb, 2023 05:57am
World Venezuela's frozen funds to be gradually released for humanitarian aid MEXICO CITY: Venezuela's government and opposition have asked the United Nations to manage billions of dollars held... Updated 26 Nov, 2022 11:54pm
Markets Wall Street surges to sharply higher close ahead of Fed week NEW YORK: A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic... Published 31 Oct, 2022 05:55am
Business & Finance US majors Exxon, Chevron post blowout earnings, ramp up buybacks NEW YORK: The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday,... Published 30 Jul, 2022 03:39am
World US delegation arrives in Venezuela to discuss 'bilateral agenda': Maduro CARACAS: A US delegation arrived in Venezuela Monday to discuss a "bilateral agenda," extending discussions between... Published 28 Jun, 2022 10:18am
Markets Boosted by oil prices, ExxonMobil, Chevron throw cash at investors NEW YORK: ExxonMobil and Chevron reported soaring profits Friday despite lower oil and natural gas volumes as the... Published 02 May, 2022 06:53am
Print Buffett details spending spree, takes jab at Wall Street NEW YORK: The billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his... Updated 02 May, 2022 10:21am
Business & Finance Chevron, MG JW Automobile Pakistan enter a partnership KARACHI: Chevron Pakistan Lubricants (Private) Limited has signed an agreement with MG JW Automobile Pakistan... Published 10 Mar, 2022 06:30am
World US companies push Biden, Congress for caution on Russia sanctions WASHINGTON: US President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin... Published 26 Jan, 2022 02:11pm
Markets US energy giant Chevron to leave Myanmar SYDNEY: US energy giant Chevron said it will pull out from Myanmar in a statement on Friday, shortly after French ... Published 21 Jan, 2022 06:05pm
Markets Chevron shuts Australian Gorgon LNG Train 1 after minor gas leak MELBOURNE: Chevron Corp has shut one of three processing units, called trains, at its Gorgon liquefied natural gas... Published 17 Nov, 2021 10:39am
Markets Higher oil prices lift ExxonMobil, Chevron profits NEW YORK: Profits at ExxonMobil and Chevron rebounded in the third quarter on strengthening oil and natural gas... Published 31 Oct, 2021 04:05am
Markets Chevron, Exxon, Valero, others win bids for US reserve oil WASHINGTON: The US government has agreed to sell crude oil from the nation’s emergency reserve to eight companies... Published 14 Sep, 2021 03:55am
Markets US oil giants to keep a lid on spending even as profits surge NEW YORK: US oil giants ExxonMobil and Chevron reported strong profits Friday riding a wave of higher prices amid... Published 01 Aug, 2021 04:46am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points