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...The facility is criss-crossed with a maze of pipes and pumps but has no capacity to refine fuels on site and does not import oil into Turkey....
...Both companies were hit by writedowns flagged in January relating to paring back investment in California, where regulators have taken a strong line against fossil fuel producers....
...The plaintiffs claim that Chevron and several other oil companies transferred hundreds of low-yielding wells to HRM, which kept the profits of operating these assets and then conspired to avoid millions...
...Chevron is also seeking to offer CCUS as a service to customers and create a new business line for the company, she added....
...He’s how some basic numbers line up with Chevron (numbers from S&P CapitalIQ): Shell has been getting smaller, Chevron larger....
...A bitter dispute over the transfer of power following the 2020 general election underlines the political fragility of a country divided on ethnic lines....
...oil company....
...line....
...For now, companies are focused on getting their transactions over the line. Exxon, Chevron and Occidental’s deals are being studied by US competition regulators....
...Investors like to hear a bullish story from companies, too....
...Energy companies could, for example, use drones and computer vision systems for manually inspecting transmission lines and pipes....
...US pipeline companies are the bass players in oil industry rock bands: steady plodders for the most part rather than starry shredders such as ExxonMobil and Chevron....
...Scherr, who was previously chief financial officer of Goldman, will be replaced by Gil West, a veteran of Delta Air Lines and General Motors....
...Exxon posted full-year net income of $36bn while Chevron followed with $21.4bn....
...Separately, a quarter of Exxon shareholders endorsed a petition for information about how slowing plastics demand could affect the company’s bottom line....
...French oil major TotalEnergies on Thursday posted a first-quarter profit of $6.5bn, in line with expectations but down from $9bn in the same period last year....
...Flames shoot skywards from gas flares, steam billows from chimney stacks and a maze of steel pipe twists around a procession of boilers, gasifiers and cooling towers....
...US-based companies were less likely to report along these lines....
...Petrobras shares have surged 60 per cent over the past 12 months to hit and all-time high last week, outperforming ExxonMobil and Chevron....
...“I don’t see any signs of companies trying to compete on production growth or anything along those lines,” said Alex Beeker, research director at Wood Mackenzie....
...Office Therapy The problem: My line manager is refusing to let me take part in a company-wide volunteer programme with local community groups....
...Excluding last year, the profit figure, which came in broadly in line with Wall Street estimates, was the company’s strongest for this time of year in more than a decade....
...“The material that you need to line the pipe varies a lot between what you need for natural gas and what you need for hydrogen,” he said, adding that compressors that pressure gas through the pipes would...
...Results: US oil majors ExxonMobil and Chevron are expected to post year-on-year drops in revenue and profits when they report annual results....
...The returns on lithium projects are also higher than renewables and more in line with oil and gas....
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