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Nov 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Chevron Corp

Gasoil margins, premiums fall
Markets

Gasoil margins, premiums fall

SINGAPORE: Asia’s 10 ppm sulphur gasoil margins and premiums extended losses on Tuesday as oil futures surged at a...
Published 30 Nov, 2022 05:53am
Berkshire bought $51bn stock
Markets

Berkshire bought $51bn stock

OMAHA: Warren Buffett’s Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than...
Published 01 May, 2022 05:11am
Chevron profit drops on weaker refining margins, storm hit
Business & Finance

Chevron profit drops on weaker refining margins, storm hit

  • Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
  • Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.
Published 30 Apr, 2021 06:48pm
Oil companies defeat New York City appeal over global warming
World

Oil companies defeat New York City appeal over global warming

  • The 2nd US Circuit Court of Appeals in Manhattan ruled in favor of BP Plc, Chevron Corp, ConocoPhillips , Exxon Mobil Corp and Royal Dutch Shell Plc , rejecting the city's efforts to sue under state law for trespass and creating a nuisance.
Published 01 Apr, 2021 07:28pm
Chevron sticks to lower spending in higher investor returns pitch
Business & Finance

Chevron sticks to lower spending in higher investor returns pitch

  • Falling energy demand due to pandemic lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016.
  • Chevron's 2020 output was around 2.98 million barrels of oil and gas per day, and an investor presentation showed the company increasing output through 2025 though no numbers were given.
Updated 09 Mar, 2021 09:33pm
Chevron to buy out Noble Midstream in all-stock $1.32bn deal
Business & Finance

Chevron to buy out Noble Midstream in all-stock $1.32bn deal

  • Noble Midstream's unitholders will get 0.1393 Chevron shares for each unit held under the new agreement, Chevron said.
  • Chevron's shares were up 2.4% at $107.39 in pre-market trading on Friday, boosting the deal value to about $14.96 per Noble Midstream share. The pipeline operator's units were down marginally at $15.
Published 05 Mar, 2021 06:31pm