Chevron sells 70% stake in East Texas assets to another Houston-based company
Houston-based Chevron Corp. (NYSE: CVX) has sold a 70% stake in its East Texas gas assets for half a billion dollars. TG Natural Resources LLC, also based in Houston, bought the majority stake for $525 million. The company paid $75 million in cash and $450 million as a capital carry to fund development in the Haynesville Shale.
Chevron Corporation targets 6% annual production growth, expands natural gas and power capacity, and secures assets with Hess ...
BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures.
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Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second ...
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Crude oil prices have slumped about 15% over the past year. That has pushed West Texas Intermediate (WTI), the primary U.S.
Shell, Chevron, and Exxon have warned the Australian government that its proposal to create a domestic gas reserve could ...
BP CEO Murray Auchincloss says that the oil major is on the cusp of churning out much more cash than previously.
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Does ExxonMobil Have the Fuel to Grow Into a $1 Trillion Company?ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil patch. The energy giant currently has a market cap of more than ...
Sen. James Lankford (R-OK) has introduced a bill that would change the calculus by allowing oil companies to deduct some of ...
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