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.

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).