Chevron expects higher Q3 earnings on oil prices asset gains
Chevron Corp projects third-quarter earnings well above Q2 on higher crude prices and about 400 million in gains from asset sales and tax items. Downstream profits should be flat. Analysts expect about 1.40 a share on 46.2 billion revenue.
MENTIONED IN THIS ARTICLE
San Ramon, Calif
Chevron Corp
U.S
San Ramon
Calif
Thomson Reuters
Chevron
Gulf of Mexico
Stocks post best week since July
The market extended momentum with modest Friday gains led by health care and utilities, lifting the Dow to 9,864.94 for a weekly 4 percent rise, its strongest in over two months. Bond prices fell as Treasury supply of 71 billion dollars this week weighed on prices amid stimulus funding.
MENTIONED IN THIS ARTICLE
New York
Treasury
Spill deemed accidental. jurors deny punitive damages
Jurors ruled the spill was an accident and did not award punitive damages, reflecting findings on fault and liability. The brief decision underscores compensation for economic damages and ongoing medical monitoring for victims, without additional penalties against defendants.
Job competition toughest since recession began
Washington data show 6.3 unemployed workers compete for each job opening, the highest since tracking began nine years ago. The downturn worsens as companies hesitate to hire, with economists warning of a jobless recovery and calls for stimulus to create jobs. Valero Energy plans 100 layoffs at its Paulsboro plant, seeking voluntary retirements amid reduced demand and higher costs.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Congressional Democrats
Labor Department
Department
New Jersey
San Antonio
Oil prices flat as dollar strengthens
Oil prices finished near unchanged as the dollar recovered after Federal Reserve Chair Ben Bernanke signaled rates would rise in the recovery to curb inflation. A weaker dollar had drawn billions into energy markets, but crude edged up only slightly once the currency firmed, after surging when the dollar hit a 14 month low against the euro.
MENTIONED IN THIS ARTICLE
Federal Reserve
Ben Bernanke
U.S
Bernanke
Exxon Mobil appeals Md leak case
Exxon Mobil Corp. said Friday it has appealed a $150 million judgment awarded to dozens of families whose wells were contaminated during a 2006 gasoline spill in Jacksonville Maryland. An underground storage tank leaked about 26,000 gallons of gasoline over 37 days, affecting a small affluent community about 20 miles north of Baltimore.
MENTIONED IN THIS ARTICLE
Towson
Exxon Mobil Corp
Jacksonville
Baltimore
Exxon
Valero to Eliminate Jobs at New Jersey Refinery
Valero plans job cuts at its Parserve refinery in Paulsboro New Jersey amid ongoing industry cutbacks. The move adds to recent negative news for the U S oil sector, with layoffs impacting staff and operations at the facility.
MENTIONED IN THIS ARTICLE
Valero
Also Mentioned on This Page
A Fit Noa Early Learning Center
Airty
Beka
Ameles Madde Eel Dalel & Gym
Computer Games
Bomlemeal
Amelie Amer Lalils
Et Tele
el Beeeke Eee
Mana
Ayeyeo
OnStar
Rence
Jim
Cadillac
STS
Ryan
Harris County
Des Am
Ron Pup
Liberty
w.RonCraftAutos.com
Exxon Mobil Appeals