CHEVRON

Chevron Corp, the second-largest U.S. oil company, would only seek mergers and acquisitions that add scale and fit strategically with the rest of the company, its chief financial officer said on Tuesday.

Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.

Chevron Corp posted a 51 percent drop in quarterly profit on Friday, the latest oil giant to be hit by the steep decline in oil and natural gas prices and the anemic margins for refineries.

Chevron Corp said on Monday it had a molten sulfur leak from a pipeline while a barge was being loaded with it at the marine terminal of its 330,000-barrel-per-day Pascagoula, Mississippi, refinery.

Chevron Corp will redevelop platforms and wells at Hurricane Ike-destroyed Eugene Island 339, according to a filing on Tuesday, in a boost to the Chevron-managed TEL Offshore Trust Partnership.

Chevron Corp said on Wednesday David O'Reilly would retire as chairman and chief executive of the second-largest U.S. oil company at the end of the year and be replaced by Vice Chairman John Watson.

A court in the Ecuadorean jungle region where giant U.S. oil producer Chevron Corp faces a $27 billion environmental damages suit has named a new judge to hear the case, after the previous one quit amid a bribery scandal.

Chevron Corp said on Wednesday it had filed an international arbitration claim against Ecuador, opening a new front in its defense against a $27 billion environmental damage claim in Ecuadorean court.

U.S. oil firm Chevron has agreed to sell nearly 3 million tonnes a year of liquefied natural gas from its Gorgon project in Australia, paving the way for a final investment decision in coming weeks.

Is oil giant Chevron afraid of a movie? One of the stars of Crude, a documentary about a $27 billion environmental lawsuit filed against the company on behalf of residents of Ecuador's Amazon, certainly thinks so. A spokesman for Chevron vehemently denies it.

Chevron Corp has started pumping crude oil from the Tombua-Landana project offshore Angola, with plans to raise output to 100,000 barrels per day by 2011, the company said on Wednesday.

Ecuadorean authorities said on Tuesday they were looking into accusations by Chevron Corp that the judge involved in a $27 billion environmental lawsuit against the U.S. oil company is guilty of misconduct and involvement in a bribery scheme.

Chevron Corp posted on Friday a 71 percent drop in profit on weaker energy prices and fuel demand due to the economic slump, but it raised estimated 2009 output and said cost cuts were on track.

Chevron Corp reported a 71 percent drop in second-quarter profit Friday as oil and gas prices fell from a year earlier and the economic slump shrank demand for fuel.

Chevron Corp's proposed Gorgon liquefied natural gas (LNG) project needs to meet more stringent environmental conditions before it can obtain final approval from the Australian government.

Stocks fell on Friday, with the Dow industrials and the S&P 500 set for their fourth weekly drop, after Chevron's warning about its second-quarter results prompted investors to sell some energy shares.

The Dow industrials and the S&P 500 opened lower on Friday after Chevron Corp warned about second-quarter earnings, compounding worries about the energy sector's outlook amid a drop in oil prices.

U.S. stock index futures pointed to a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.

U.S. stock index futures pointed to a lower open on Friday after Chevron Corp warned about its second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.

* U.S. stock index futures pointed to a lower open on Wall Street on Friday, as investors turned cautious after oil major Chevron Corp warned over its second-quarter earnings.

Chevron Corp warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent.