Chevron

The Dow is beating the broader market to a degree not seen in nearly a century.The Dow Jones Industrial Average is down 5.3% this year, which isn’t normally a cause for celebration. But that performance looks downright golden compared with the broad S&P 500, which is off 15%, and the tech-heavy Nasdaq Composite, which has dropped 27%. The Dow’s year-to-date advantage over the S&P 500 is the biggest since 1933. The Dow’s lead over the Nasdaq at this point in the year is the widest since 2000. Of the three indexes,…

The oil giant will have to partner with an authoritarian regime accused of crimes ranging from human-rights violations to sprawling corruption to state-sponsored narcotics trafficking. Newsletter Sign-up WSJ Climate & Energy A weekly must-read of news, analysis and exclusive data…

The Biden administration made a significant shift in its Venezuela policy when it allowed Chevron Corp. CVX -0.29% to pump oil in the South American country again, but the decision will yield little increase to the world’s oil production in the short-term.The U.S. company will have to contend with myriad technical issues at Venezuela’s aging oil fields and a complicated network of remaining U.S. sanctions that must be altered to ensure more of the country’s oil reaches…

WASHINGTON—The U.S. said it would allow Chevron Corp. CVX -0.29% to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement an estimated $3 billion humanitarian relief program and continue dialogue in Mexico City on efforts to hold free and fair elections.Following the Norwegian-brokered agreement signed in Mexico City, the Biden administration granted a license to Chevron that allows…

The U.S. is poised to grant a license to Chevron Corp. CVX -0.89% to pump oil in Venezuela, a policy shift that signals the easing of yearslong sanctions and could open the door for other oil companies to do business there.The U.S. oil company would regain partial control of its oil-production and maintenance activities in dilapidated Venezuelan oil fields it has retained stakes in through joint ventures with the state-run oil company Petróleos de Venezuela SA It…

Columbia University in New York City.Photo: Mark Lennihan (AP)Journalists like me often seek out academics for comment and insight on stories related to the energy transition, since these professors have often done in-depth research into various fuel sources and their impacts. The hope is that these sources are relatively unbiased; their loyalty is to the data. But a study published Thursday in Nature Climate Change found that prominent energy policy centers at top-tier universities that are funded by the fossil fuel…

Despite an extended streak of strong profits, shale companies are slowing their oil-field activity, keeping U.S. oil production roughly flat and offering little relief for tight global markets.What was expected to be a banner year for U.S. oil production has failed to materialize as creeping inflation-related costs, supply-chain snarls and disappointing well performance for some companies have coalesced to limit domestic output, executives and analysts said. Global oil prices averaged about $100 a barrel in the third…

President Joe Biden is apparently sick of watching oil companies rake in record profits while consumers pay big bucks at the pump. He threatened new windfall profit taxes against fossil fuel giants, and cautioned corporations to cease cashing in the war in Ukraine, in a Monday speech.“It’s time for these companies to stop war profiteering, meet their responsibilities to this country, and give the American people a break,” Biden said in his impassioned remarks. Gas prices initially spiked following Russia’s invasion of…

Chevron Corp. CVX 0.46% banked its second-highest profit ever in the third quarter, down slightly from its record haul in the prior period, as it benefited from high energy prices and increased production. The second-largest U.S. oil company after Exxon Mobil Corp. said Friday it collected $11.2 billion in profit during the quarter, up 84% from the year-earlier period and down just 3% from its all-time highest take-home in the second…

Photo: Richard Drew (AP)There’s a big new media presence in town, and Big Oil has already gotten its hands on it.Semafor, the new journalism project from BuzzFeed founder and former New York Times columnist Ben Smith, finally rolled out this week. The site’s About page explains that it aims to “ open the black box of the traditional news article, while seeking to set new standards for clarity and concision.”Semafor’s first climate and energy-focused newsletter, helmed by veteran journalist Bill Spindle, formerly of the…