Gas Prices, Oil Company | featured news

Chevron profit rises 4 percent, even as production falls

Chevron Corp, the second-largest U.S. oil company, reported a slightly higher-than-expected quarterly profit as rising oil prices and refining margins made up for a decline in oil and gas production.

 

Senate blocks proposed end to oil company tax breaks

Tax Breaks for Oil Companies

An attempt to roll back oil company tax breaks was blocked in the Senate, despite a Rose Garden push by President Obama, who said the big five oil companies are doing “just fine” as consumers struggle with painfully high gas prices at the pump.

 

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