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The most recent data shows U.S. oil production has reached 13.5 million barrels a day, up 55% from 2014. At the same time, the number of U.S. drilling rigs has plunged to 586 from more than 1,900 ...
In October 2014, Chevron announced that it would sell a 30 percent holding in its Canadian oil shale holdings to Kuwait's state-owned oil company Kuwait Oil Company for a fee of $1.5 billion. [60] Despite these sales, Chevron continued to explore acquisitions, a trend which had reinvigorated in 2019 and extended throughout the COVID-19 pandemic .
A portion of the San Francisco Bay Trail from Point Molate through to Point San Pablo crosses oil pipelines that connect the Chevron refinery with the Richmond Long Wharf. [45] [49] Chevron opposed the construction of this segment of the Bay Trail, citing security concerns, and stating that post-September 11 security requirements posed an issue ...
Oil giant Chevron Corp (NYSE:CVX) shares are trading lower after the company reported fourth-quarter results. Revenues and other income of $52.23 billion beat the consensus of $46.75 billion. In ...
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Opening of the California Carson Oil Refinery in 1938. [12] The Richfield Oil Corp was the first to discover commercial quantities of oil in the state of Alaska. This occurred in 1957 on the Kenai Peninsula. [13] [14] Richfield's success at Kenai helped push their leasing tracks at Prudhoe Bay, which later served to benefit ARCO. [15]
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