Chevron’s Surprise Q3 Profit Post Reduction Of Spending Budget
Recovered oil prices and cost reduction have resulted in surprise Q3 profits.
Chevron
Hurricane Nate’s imment arrival to the U.S. Gulf Coast sees major oil producers shutting down their operations
Nate is set to transform into a category 1 hurricane when it hits the U.S. Gulf coast. Nate will dent oil production levels of oil producers, including Exxon Mobil Corp, Chevron, BP plc, Statoil and Royal Dutch Shell Plc.
Chevron’s Major Big Foot Oil Project Faces another Series of Setbacks
Chevron Corp has been facing a series of major setbacks on its Big Foot oil project. Nine of the total sixteen connectors have sunk to the sea bed without any clear reason. Situation of them are now being assessed in order to get the project on track factoring in the indefinite timeline delays.
