Chevron can resume oil production in Venezuela
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Technical signals indicate a runway for further gains for energy stocks, including Chevron, Peabody and Venture Global.
The Trump administration's decision to let Chevron (NYSE:CVX) resume producing and exporting Venezuelan crude is set to increase crude supplies for U.S. refiners by more than 200K bbl/day, Bloomberg reported Friday.
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ABC13 Houston on MSNMore than 500 Houston-based employees will be without a job after Chevron mergerBy the end of September, more than 550 Houston-based employees will be without a job following the Chevron merger. Here's how experts say this could impact the industry.
Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?
Hess Midstream (NYSE:HESM) +2.5% in Friday's trading as Wells Fargo upgraded units to Overweight from Equal Weight with a $47 price target, raised from $41, forecasting a 15%-17% annual total return proposition from dividends,
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GlobalData on MSNChevron cuts jobs following completion of Hess acquisitionIT staff from both Chevron and Hess worked together to plan the integration. Affected Hess employees were given the option to request severance packages. The layoffs are expected
Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil. The dispute centers on rights to one of the most significant oil discoveries in decades is located off the coast of Guyana.
Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer's acquisition, according to two Hess employees who spoke with Reuters.