Chevron, Venezuela and Trump
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Chevron cuts jobs
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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 completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
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?
Chevron is nearing peak production in the Permian Basin and is strategically shifting its focus from growth to generating billions in free cash flow, aiming to sustain its output through 2040.
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Chevron is giving Houston area youth organizations a boost with a $100,000 donation in honor of former U.S. Secretary of State Condoleezza Rice.
The Trump administration is reportedly considering granting limited authorizations to a handful of oil companies operating in Venezuela, with Chevron first in line