Here’s this week’s round-up of Chevron Corporation (NYSE:CVX) news briefings. Chevron Corporation (NYSE:CVX) stocks ended the week at 78 (as of 9/3/2010).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Monday 30 August

Chevron Corporation (NYSE:CVX) has won some major new exploration contracts, off the coast of Liberia. According to government statements, the three year program is expected to start by the fourth quarter of this year.

“We are delighted to welcome Chevron as a partner for Liberia to explore our oil and gas assets,” Ellen Johnson-Sirleaf, the Liberian leader said in the statement.

“Along with its investment, Chevron will bring the latest technologies, best practices in transparency and efficiencies, and an excellent record of community and social responsibility,” he added.

Tuesday 31 August

Chevron Corporation, according to an Associated Press report today, spent $3.9 million through a subsidiary in the second quarter to lobby the federal government.

Lobbying was reportedly on issues affecting the company’s operations, such as climate change, oil industry taxes, according to a company report filed with the SEC. This amount is just above the $3.1 million the company spent in the first quarter.

Thursday 2 September

Chevron plugged its Lona 0-55 exploration well located in the Orphan Basin off the coast of Newfoundland last Thursday.

Drilling took nearly four months, but there is still no word from Chevron Corporation (NYSE:CVX) whether the venture has struck oil or not.

To complicate things for news-hungry investors, the company is allowed to keep the drilling results confidential for up to two years.

We will continue checking the Chevron Corporation (NYSE:CVX) stock level for developments over the next few weeks.

Several breaking news stories will affect stock prices as trading continues today. The following companies should see some movement: Toyota Motor Corporation (NYSE:TM), Chevron Corporation (NYSE:CVX) and BP plc (NYSE:BP).

Here is a more detailed look at the news that will affect each company as the day’s trading continues.

Toyota Motor Corporation (NYSE:TM)

The Camry, which outsells all other cars in the country, has helped Toyota Motor Corporation (NYSE:TM) hold on to the coveted number one position. The first seven months of sales of the Camry have been bettered by 2.8 percent when compared with that of the previous year.

Their class-leading quality and reliability have already made this popular family sedan a ‘smart buy’ among consumers.

Chevron Corporation (NYSE:CVX)

James R Blackwell, President of Chevron Corporation (NYSE:CVX) Asia Pacific Explorations and Production expressed his satisfaction at the present state of Bangladesh’s trade and investment sectors. He was paying a visit to the country.

Chevron Corporation (NYSE:CVX) is the largest foreign operator in Bangladesh contributing to the 40% of total natural gas production of the country.

Bilateral trading and business expansion plans were also discussed during the meeting.

BP plc (NYSE:BP)

The damaged deep-water well in the Gulf of Mexico is still in the same condition as it was several days previously.

The plan earlier was to fill the well with mud and cement, but nothing is clear yet as the ‘when’ and ‘how’ details have not been clarified by the company.

As the probability of getting the cement seal broken is there, the mud filling process cannot be continued without further precautions. The drilling of the relief well is also among their serious considerations.

There will probably be more movement as the day’s trading progresses for Toyota Motor Corporation (NYSE:TM), Chevron Corporation (NYSE:CVX) and BP plc (NYSE:BP).

Several breaking news stories could affect stock prices when trading continues. The following stocks should see some movement: Chevron Corporation (NYSE:CVX), BP plc (NYSE:BP) and Ford Motor Company (NYSE:F).

Here is a more detailed look at the news that will affect each company when trading continues.

Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) have reported that they have found natural gas in Australia, on the Western coast.

As per the announcement, the Exmouth Plateau area in the Carnarvon Basin where the discovery was happened, is an area shared by the company as a lease holder.

The exploration well, which is known as Brederode-1, is 217 miles away from Northwest Onslow, and is below the surface at a range of 4550 feet.

When the drilling process reached a depth of 9,022 feet, almost half of the total gas pay was found.

BP plc (NYSE:BP)

BP plc (NYSE:BP) has agreed to pay a record fine of $50.6 million for the safety failures in Texas refinery.

The 2005 explosion took the lives of 15 people, and the issue placed BP plc (NYSE:BP) in court.

“No one should have to sacrifice their life for their job. This huge penalty is an indication of BP plc (NYSE:BP)’s disregard for the safety of its employees” Said Hilda Solis, the Labor Secretary. BP plc (NYSE:BP) have agreed to pay the fine of $50.6m, a record for such an event.

Ford Motor Company (NYSE:F)

The report by retail a consulting firm Urban Science shows that the second quarter profits of Ford Motor Company (NYSE:F) and General Motors are an indication of a stronger dealership network.

The firm also says that the closings rate of dealerships has slowed down, and the present dealers are enjoying better profits – even after facing the bad times.

We may see more movement when trading continues for Chevron Corporation (NYSE:CVX), BP plc (NYSE:BP) and Ford Motor Company (NYSE:F).

Here’s a roundup of Chevron Corporation (NYSE:CVX) news stories from this week. Chevron Corporation (NYSE:CVX) company shares ended the week at 73.52 (as of 7/23/2010).

Weekly News Roundup: Chevron Corporation (NYSE:CVX)

Tuesday

Chevron Corporation (NYSE:CVX) vice chairman George Kirkland said the company was delighted with the discovery, in the Carnarvon Basin offshore Western Australia.

He said “The Sappho-1 discovery is another example of the success of Chevron’s significant exploration investment in northwest Australia and will support our long-term plans to build a leading natural gas business to supply energy to Australia and the Asia-Pacific region.”

Thursday

The agreement between Chevron Corporation (NYSE:CVX) and The Korea Gas Corporation (KOGAS) will stretch for 20 years, and will mean the supply of liquefied natural gas from the the Wheatstone gas project, situated in Western Australia.

The Korean company is the biggest ppurchaser of liquefied natural gas in the world.

Friday

June 12 saw a pipeline leak which caused a 33,000 gallon oil spill in and around Salt Lake City, and the country of Salt Lake has now tabled an invoice to Chevron Corporation (NYSE:CVX) for more than $53,000.

Salt Lake City has already invoiced the company for $125,000 for services in the first 48 hours after the spill. Chevron Corporation (NYSE:CVX) will be keen to handle the fallout from this small-scale spill quickly and efficiently, and has already pledged a $10,000 donation to Utah’s Hogle Zoo, which helped clean birds which were affected by oil.

We’ll be keeping a close eye on the Chevron Corporation (NYSE:CVX) share price for changes over the next few weeks.

Here’s the last group of news stories which could affect stock prices when the markets open later today. The following stocks could be affected: Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX). Here is a more detailed look at each company’s news briefs.

Exxon Mobil Corporation (NYSE:XOM)

The Australian Competition and Consumer Commission has approved the sale of Exxon Mobil Corporation (NYSE:XOM) filling stations to 7-11, a privately held company.

The approval of the ACCC is good news for Exxon Mobil Corporation (NYSE:XOM), who recently had a deal blocked by the competition regulator with Caltex Australia Ltd.

Chevron Corporation (NYSE:CVX)

June 12 saw a pipeline leak which caused a 33,000 gallon oil spill in and around Salt Lake City, and the country of Salt Lake has now tabled an invoice to Chevron Corporation (NYSE:CVX) for more than $53,000.

Salt Lake City has already invoiced the company for $125,000 for services in the first 48 hours after the spill. Chevron Corporation (NYSE:CVX) will be keen to handle the fallout from this small-scale spill quickly and efficiently, and has already pledged a $10,000 donation to Utah’s Hogle Zoo, which helped clean birds which were affected by oil.

Expect to see high trade volume when the markets open later today for Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

Here’s another batch of news stories which could stock prices when trading continues. The following companies should see some movement: BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM).

Here is a more detailed look at the news that will affect each company when trading continues.

BP plc (NYSE:BP)

The announcement that BP plc (NYSE:BP) will sell up to $7 billion of assets saw the stock price of the troubled company rise in afternoon trading.

It is thought that BP plc (NYSE:BP) will use the money to help cover costs that have arisen from the huge oil spill off the coast of Mexico.

BP plc (NYSE:BP) have announced that they are looking to sell oil and gas properties in Pakistan and Vietnam, which could raise as much as $4 billion, as well as other assets in the US, Egypt and Canada.

Chevron Corporation (NYSE:CVX)

The agreement between Chevron Corporation (NYSE:CVX) and The Korea Gas Corporation (KOGAS) will stretch for 20 years, and will mean the supply of liquefied natural gas from the the Wheatstone gas project, situated in Western Australia.

The Korean company is the biggest ppurchaser of liquefied natural gas in the world.

Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM), Chevron, ConocoPhillips and Shell have agreed to put forward $1 billion to set up a system to deal with underwater explosions such as the one which occurred on the BP rig a few months ago.

The companies believe that having the system in place before an accident occurs will be able to stop oil spilling into the sea after a similar incident takes place.

The system will be ready to use as soon as an incident occurs.

Expect more movement when trading continues for BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM).

Energy update: Here are more news briefs which will affect energy stock prices when trading opens today. The following stocks should see some movement: BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

Here is a more detailed look at the news that will affect each company when trading continues.

BP plc (NYSE:BP)

US Government disaster response commander Admiral Thad Allen has told BP plc (NYSE:BP) that they must produce a ‘detailed timeline’ for its plans to restart operations to contain the oil, if their ‘cap’ is to be opened again.

A number of possibilities remain, including a new ‘static kill’ plan, similar to the ‘top kill’ plan which failed a few weeks ago.

Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) will continue to be the exclusive supplier of lubricant products to Caterpillar Inc, in a deal which will continue for a number of years. The deal will cover both factories and dealers.

The two companies have been working together since 1987, and are also looking for ways to develop lubricant products which can help cut emissions.

Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) vice chairman George Kirkland said the company was delighted with the discovery, in the Carnarvon Basin offshore Western Australia.

He said “The Sappho-1 discovery is another example of the success of Chevron’s significant exploration investment in northwest Australia and will support our long-term plans to build a leading natural gas business to supply energy to Australia and the Asia-Pacific region.”

There will probably be more movement when trading continues for BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

Several more breaking news stories will affect stock prices when trading continues. The following companies should see some movement: Ford Motor Company (NYSE:F), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

Here is a more detailed look at the news that will affect each company when trading continues.

Ford Motor Company (NYSE:F)

Stephen Odell has been appointed as chairman and CEO of Ford of Europe, the latest in a wide-ranging shakeup at the automaker. Odell will have responsibility for a wide range of operations in Europe and beyond, including the production, service and sale of vehicles across 51 markets.

“Stephen did an outstanding job leading Volvo back to profitability and has a strong record of delivering results for Ford of Europe,” said the CEO of Ford, Alan Mulally.

Exxon Mobil Corporation (NYSE:XOM)

The oil giant has said that it will spend the $600 million researching the possibilities surrounding using algae from ponds to produce gasoline and diesel fuels. The research will take place at a new greenhouse the company has set up in La Jolla, California.

Exxon Mobil Corporation (NYSE:XOM) hope that making alternative biofuels from pond scum would help protect other materials such as corn, which can also be used for animal and human foods.

Chevron Corporation (NYSE:CVX)

Joe Berlinger, a filmmaker and journalist, has been collecting video footage on the legal battle between Chevron Corporation (NYSE:CVX) and protestors in the Amazon rainforest in Ecuador.

His movie, ‘Crude’, was released in 2009 to critical acclaim, however Chevron continued to fight the claims made in the film, and they now will have more opportunity to uncover what they see as collusion and fraud from the plaintiff’s lawyers in Ecuador.

Expect more movement when trading continues for Ford Motor Company (NYSE:F), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).