A report released by the Western States Petroleum Association details the substantial contribution the petroleum industry makes to California’s state and local economies, accounting for nearly 456,000 jobs, hundreds of billions in revenues, and more than 9% of the state’s … Continue reading
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Chevron Corporation (NYSE: CVX) reported earnings of $571 million, or 30 cents per share, for the second quarter of 2015 on revenues of $37 billion. This compares with earnings of $5.7 billion, or $2.98 per share on revenues of $56 … Continue reading
The board of directors of Chevron Corporation (NYSE: CVX) declared a quarterly dividend of $1.07 per share, payable September 10, 2015, to holders of the San Ramon-based company’s common stock as of August 19, 2015. In May Chevron reported earnings … Continue reading
After excluding foreign companies for 75 years, Mexico began implementing sweeping reforms in 2013-2014 to open its energy industry and “kick-start its production of oil and gas by attracting significant outside investment.” Attorneys Dennis R. Luna, Editor-in-Chief of the California … Continue reading
Mexico held its first auction in 77 years in which foreign companies could bid on drilling rights, but most of the major oil companies chose to stay on the sidelines. A consortium including Sierra Oil & Gas, a Mexican company, … Continue reading
Kern County has released a draft Environmental Impact Report (EIR) that would change the county’s oil and gas ordinances to allow quicker review of CEQA challenges, streamline DOGGR reviews of drilling activity, and fund regional projects to improve local air … Continue reading