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Category: Chevron

  • Chevron suspends work on Leviathan third pipeline

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    Investor Empires

    NewMed Energy (TSE: NWMD), the Delek unit that holds a 45.34% stake in the Leviathan gas field, has notified the Tel Aviv Stock Exchange (TASE) that field operator Chevron, which holds a 39.66% stake, has decided to suspend work. Work on extending a marine pipeline within the third pipeline project,…

  • Chevron moving to Texas, says California policies discourage investment and hurt consumers

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    Investor Empires

    Justin Sullivan/Getty Images News Chevron (NYSE: CVXThe company’s shares turned negative for the year after the company reported second-quarter earnings that fell 26% year-over-year to $4.43 billion, missing Wall Street expectations, largely blaming weaker refining margins and refinery maintenance at a time when margins were stronger. Chevron CEO Mike Wirth…

  • Chevron reports Q2 earnings miss on weak refining margins By Reuters

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    Investor Empires

    Written by Sabrina Valli and Merinalika Roy (Reuters) – Chevron Corp on Friday reported second-quarter earnings that missed Wall Street estimates due to industry-wide pressure from lower refining margins and prices, sending its shares down 1.5 percent in premarket trading. The company had earlier warned that oil production would decline…

  • Analysts say Supreme Court’s Chevron ruling may limit action on climate, EVs

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    Investor Empires

    imaginima/iStock via Getty Images The recent ruling by the US Supreme Court striking down the Chevron Doctrine creates Legal and regulatory uncertainty regarding regulated facilitiesThis could make it harder for the federal government to address climate change, Moody’s credit rating agency said last week. “lack of “The lack of clarity…

  • Supreme Court Decision Overturns Chevron: A Victory for Judicial Authority and Bitcoin

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    Investor Empires

    In a landmark decision issued on June 28, 2024, the United States Supreme Court, by a vote of 6 to 3, struck down the long-standing ban. Chevron Doctrine, fundamentally reshapes the landscape of administrative law and judicial review. The case, Looper Bright Enterprises Inc. v. RaymondoThis decision marks a major…

  • Supreme Court Decision Overturns Chevron: A Victory for Judicial Authority and Bitcoin

    •

    Investor Empires

    In a landmark decision issued on June 28, 2024, the United States Supreme Court, by a vote of 6 to 3, struck down the long-standing ban. Chevron Doctrine, fundamentally reshapes the landscape of administrative law and judicial review. The case, Looper Bright Enterprises Inc. v. RaymondoThis decision marks a major…

  • Warren Buffett Has Bought Shares of This Stock for 23 Consecutive Quarters — and It’s Not Chevron or Occidental Petroleum

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    Investor Empires

    For nearly 60 years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRC.B) CEO Warren Buffett An offer has been made to Wall Street. Since he became CEO in 1965, the standard Standard & Poor’s 500 By more than 35,000%, including dividends paid. In comparison, the so-called “Oracle of Omaha” has overseen total gains…

  • Exxon-Hess arbitration panel incomplete, stalling Hess sale to Chevron – Reuters

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    Investor Empires

    Joe Raedle/Getty Images News An arbitration panel could approve or block the $53 billion sale of Hess (New York Stock Exchange: HSSE) to Chevron (CVX) It remains incomplete Three months after the case was filed, delaying a decision on whether Exxon Mobil (XOM) would invest.Reuters reported on Thursday that the…