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Chevron CEO’s Pay Rose 12% to $26.5 Million in 2023

By Reuters Michael Wirth, chairman and CEO, Chevron Corporation speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. REUTERS/David Swanson/FILE PHOTO April 10 (Reuters) – U.S. oil major Chevron’s  CEO Michael Wirth was paid $26.5 million in 2023, a 12.2% increase from the prior year, a securities filing …

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Oil Rises as Middle East Worries Offset U.S. Crude Stock Build

(Reuters) – Oil prices rose on Wednesday after two days of losses as a deadlock in Gaza ceasefire talks renewed uncertainty about the security of supply from the Middle East and offset a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up 30 cents, or 0.3%, at $89.72 per barrel at 1010 GMT, …

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China, India Top buyers of Russian Seaborne Fuel Oil, VGO in Feb, LSEG Data Shows

China and India remained the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in February, with both countries continuing to buy the fuels to partially replace crude oil, traders said and LSEG data showed. Since the European Union’s full embargo on Russian oil products went into effect in February 2023, the …

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U.S. Oil Refiners’ Weekly Capacity Seen up 231,000 Bpd, IIR Says

U.S. oil refiners are expected to have about 1 million barrels per day (bpd) of capacity offline for the week ending April 12, increasing available refining capacity by 231,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to fall to 994,000 bpd in the week ending April 19, IIR added. The …

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Shell at Disadvantage to U.S.-Listed Rivals, says Former CEO

Shell’s former CEO, Ben van Beurden, said on Tuesday that European oil and gas companies will find it increasingly difficult to compete with U.S.-listed rivals. There are “a deeper pool of investors and capital in New York and the attitude is more positive towards oil and gas companies,” van Beurden, who stepped down in 2021, …

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APA Corporation announces updates to Executive Leadership

HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) has announced updates to its executive leadership team to coincide with a restructuring of its development function and the integration of the recently closed acquisition of Callon Petroleum. The changes are effective immediately. “Building on the momentum of our recently closed acquisition, we are …

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