President Donald Trump says he is reversing a Biden-era grant allowing Chevron to operate within Venezuela on Wednesday.

The Treasury Department said Chevron has 30 days to wind down operations in the country.

President Trump on Tuesday reversed a Biden-era license that allowed the oil giant to operate in Venezuela despite US sanctions ...

Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trumprevoked a licence ...

HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete ...

Chevron scored a record profit of $36.5 billion in 2022 as energy companies globally enjoyed as oil prices shot up after Russia invaded Ukraine, but its net income pulled back to $21.4 billion in ...

Headquartered in Houston, Chevron is one of the largest oil and gas corporations in the United States and is the second largest successor of Standard Oil. The company is also the title sponsor of ...

The oil giant employed more than 45,000 people at the end of 2023, roughly half of them in the US. Chevron did not provide further detail about where the cuts would fall. The company said last ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chevron said it would slash up to a fifth of its global workforce by the end of 2026 as part of a cost ...

Chevron’s CEO, Michael Wirth, warned last January that tensions occurring at the time in the Red Sea posed “very real” risks to oil flows as well as prices, as Houthi rebels boosted attacks ...