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News Breaks
March 8, 2012
09:15 EDTCVXJudge who issued $18.2B ruling against Chevron removed from bench
Chevron Corp. renewed its request of authorities in Ecuador to investigate the evidence of fraud tainting the Lago Agrio lawsuit after the Associated Press and Ecuador’s El Universo newspaper revealed that Nicolás Zambrano, the judge who issued the $18.2B judgment against Chevron, has been dismissed from the bench due to his complicity in an emerging story of court corruption and drug trafficking in Ecuador. The media outlets reported that the Judicial Council has determined that Judge Zambrano, and Judge Leonardo Ordóñez, who previously presided over the Lago Agrio lawsuit, should be dismissed from their positions on the Court of Justice of Sucumbíos in Lago Agrio following an investigation into allegations of lenient treatment of drug dealers in cases before them.
News For CVX From The Last 14 Days
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October 8, 2015
08:46 EDTCVXExxon Mobil favored defensive position in integrated oil space, says Cowen
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October 6, 2015
16:01 EDTCVXOptions Update; October 6, 2015
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08:02 EDTCVXVisa, Chevron announce mobile payment partnership
Visa (V) and Chevron (CVX) U.S.A. announced they will launch a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC payment service. The program, launching later this fall at select Chevron stations in San Francisco and Silicon Valley, will offer consumers a simple and more secure way to pay at the pump with a range of mobile payment services. Already, an estimated 80% of Chevron customers in the U.S. pay for gas at the pump using a credit or debit card.
October 1, 2015
08:08 EDTCVXKosmos Energy says ended Q3 with roughly $1.9B of liquidity
Kosmos Energy (KOS) announced two developments that together strengthen the company's liquidity and better position Kosmos for continued success in a lower commodity price environment. In addition, the company provided an update on its exploration drilling program. Kosmos announced that the borrowing base under its reserves-based lending facility remains unchanged at $1.5B following its lenders' semi-annual redetermination process which concluded on September 30, 2015. Kosmos ended the third quarter with approximately $1.9B of liquidity and net debt of $500M as of September 30, 2015, which is flat with the second quarter of 2015. Kosmos' second exploration well offshore Mauritania, Marsouin-1, was spud on August 28, 2015, with results anticipated in the middle of the fourth quarter. Marsouin-1 is located in Block C8 approximately 60 kilometers north of the basin-opening Tortue-1 well in a water depth of approximately 2,400 meters. The well is designed to test a four-way trap with multiple stacked targets, including Lower Cenomanian, Albian, and Aptian formations. As operator of the well, Kosmos currently holds a 60% working interest with its partners Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corporation (CVX), and Societe Mauritanienne Des Hydrocarbures et de Patrimoine Minier holding 30% and 10%, respectively.
September 30, 2015
14:10 EDTCVXChevron amends bylaws to implement proxy access
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September 25, 2015
09:10 EDTCVXChevron upgraded to Peer Perform from Underperform at Wolfe Research

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