Reuters LONDON/HOUSTON – Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and whether they will cut dividends following the collapse in oil prices. The five biggest U.S. and European firms, known as the Oil Majors, have announced spending cuts averaging 23% in a rapid
Houston Chronicle California oil major Chevron has entered into a deal to sell its natural gas assets in the South American nation of Colombia. In a statement released Tuesday afternoon, Chevron confirmed the sale of its stake in a joint venture with Colombia’s state-run oil company Ecopetrol. Under the deal, Chevron is selling its 43 percent share of the Guajira
By Tyler Losier, Energy Reporter, Oil & Gas 360 New $8 billion project would include 2,000 KTA ethylene cracker Petrochemical company Chevron Phillips – equally owned by Chevron Corporation and Phillips 66 – has formed another joint venture with Qatar Petroleum (QP), this time to build an $8 billion petrochemical plant in the Gulf Coast region of the United States.
By Tyler Losier, Energy Reporter, Oil & Gas 360 Chevron Phillips to have 30% stake in new petrochemical plant Chevron Phillips Chemical Company LLC – equally owned by Chevron Corporation and Phillips 66 – and Qatar Petroleum (QP) have inked a deal for the development, construction and operation of a new petrochemicals complex in Qatar. The facility, to be built
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