Word: chevrons
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...coming 'round the other side of the mountains is a disappointed family fleeing with relief back to the urban energy of the Pacific Coast, right? Wrong. On the other side is Peter Northrop, 38, a Connecticut-born Chevron oil computer programmer in Denver. In July 1992, Northrop was given 48 hours to agree to a transfer to San Ramon, California, about 30 miles east of Oakland. He and his wife Susan, 37, agonized and then opted to stay put in Denver with their two small children. It took Northrop four months to land a new job with Diners Club...
...pitch is simple: Play along with us, and we can make good things happen for you. Oppose us, and . . . well, watch out. Delivering the first part of the message, Treasury Secretary Lloyd Bentsen on March 12 welcomed into his airy office executives of seven major oil companies: Amoco, Ashland, Chevron, Conoco, Phillips, Shell and Unocal. "We're willing to adjust our fuel tax in ways that will help you," said Bentsen. He noted that his department had already promised to revise the way it proposed to collect a new energy tax to favor U.S. oil refiners over foreign competitors...
...inevitably see the financial advantages of investments in environmental technology, says Hugh Faulkner, executive director of the Business Council for Sustainable Development. The council was set up to advise the Earth Summit about industry's views on environmental issues. After a year's work, executives from such firms as Chevron, Mitsubishi, Royal Dutch/ Shell and Volkswagen agreed on a set of business principles, including the need for sustainable management of resources, the charging of environmental costs against corporate profits, and the rule that polluters, not the public, must pay for cleanup...
...PAST YEAR, SCORES OF WILDCATTERS AND would-be oil barons have been looking for ways to capitalize on the legendary oil reserves in the Commonwealth of Independent States. But when mighty Chevron signed an agreement with Kazakhstan last week to develop the Tengiz field, one of the world's largest, it marked the biggest partnership to date between a U.S. corporation and a former Soviet republic. The plan calls for the partners to invest $20 billion in the venture over the next 40 years. Chevron will have a 50% interest, but Kazakhstan will get 80% of the income, after...
Faced with declining profits from U.S. oil and gas operations, such major firms as Chevron, ARCO and Phillips are putting more money into overseas exploration than they are investing at home. "You have to go where you can find the reserves and make a profit," explains Wayne Allen, president of Phillips, which has hiked foreign spending 15% since 1989 to bankroll drilling in such places as Gabon, New Guinea and Italy. All told, according to a Salomon Brothers survey, U.S. oil companies are increasing foreign investment nearly 10%. At the same time, the 21 largest firms are cutting exploration spending...