Chevron Hit By Weak Petrol Demand

Chevron posts a big fall in profits due to petrol and diesel prices failing to keep up with a big rise in the cost of crude oil.

Sections:  business   
Topics:  chevron   crude oil   diesel   oil   petrol   
RELATED ARTICLES
  • Keystone XL pipeline to be delayed
    TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Exxon CEO's Compensation Rises to $40.2 Million
    Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
  • GE to buy oil pump maker Lufkin for nearly $3 billion
    General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday. More
BING NEWS:
  • Petrol prices soar amid the rise in ‘the cost of oil’ and a ‘weakening pound’
    For the first time since November 2023 the price of petrol has exceeded 150p per litre due to the rise in the “cost of oil” along with a “weakening ...
    04/23/2024 - 1:36 am | View Link
  • Greek economy surges after decade of pain
    Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year its rebound is finally complete.
    04/17/2024 - 6:33 pm | View Link
  • Petrol price on the up, but diesel set to cost less
    Higher petrol prices would put further pressure on the consumer and could also crowd out spending on other goods.
    04/17/2024 - 5:21 pm | View Link
  • Fear that petrol will hit €2 a litre
    Fuel prices may soar local experts said on Monday, following escalating uncertainly in the Middle East which has been described as “on the brink” amid fears of an Israeli counter-offensive against ...
    04/14/2024 - 10:02 pm | View Link
  • Europe's main energy stocks index hits highest since 2008
    The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.
    04/12/2024 - 2:46 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News