ADVFN - Advanced Financial Network.
HOME» NYSE » C » CVX Stock Price » CVX Stock News

Chevron Share News

 Chevron Corp. Stock Price
CVX Stock Price
 Chevron Corp. Stock Chart
CVX Stock Chart
 Chevron Corp. Stock News
CVX Stock News
 Chevron Corp. Company Information
CVX Company Information
 Chevron Corp. Stock Trades
CVX Stock Trades

U.S. House Approves Bill That Seeks To Speed Up Offshore Drilling Permits

By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The U.S. House of Representatives has voted to impose deadlines on the Obama administration to issue offshore drilling permits, as Republicans renew calls for greater amounts of domestic oil production amid rising gasoline prices. The House passed the legislation Wednesday, approving two of three bills that seek to expand and speed up the pace of offshore oil and gas drilling. The Senate, however, which is controlled by Democrats, is unlikely to approve the measure. The Senate is instead looking to repeal tax breaks given to the largest oil and gas companies, including Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) and Chevron Corp. (CVX). The bill approved Wednesday follows months during which oil and gas companies, particularly those operating in the Gulf of Mexico, have complained about the length of time it has taken the Interior Department to review and issue drilling permits in the wake of the Deepwater Horizon oil spill. These companies have accused the department of imposing a de facto moratorium on drilling after lifting a real moratorium on deepwater drilling in October 2010. Top Interior Department officials have defended their permit reviews, saying reviews are taking longer because they have to ensure compliance with stringent new standards developed in the wake of the oil spill. The bill cleared the House by a vote of 263 to 163, with votes falling mostly along partly lines. The bill is part of a package of legislation, introduced by Republicans, that seeks to expand or speed up offshore drilling. Earlier this month, the House approved the first of those bills, aimed at forcing the Obama administration to hold lease sales planned for the Gulf of Mexico and off the Virginia coast. This most recent bill requires the Interior Department to issue or deny a permit application within 30 days of receiving it, although it allows the department an additional 30 days if necessary. Under current law, the Interior Department isn't obligated to issue or deny permits in any particular time frame. -By Tennille Tracy, Dow Jones Newswires; 202-862-6619; tennille.tracy@dowjones.com

Stock News for Chevron (CVX)
DateTimeHeadline
04/13/201418:04:38Law Firms Continue to Merge Despite Previous Missteps
04/10/201418:17:20Chevron Signals It Will Continue Argentina Shale Investments
04/10/201409:44:17U.S. Hot Stocks: Hot Stocks to Watch
04/09/201418:10:13Chevron 1st Quarter Production to Slide
03/11/201410:18:58Nigeria's Seplat Petroleum Plans $500 Million IPO in April
03/07/201417:52:49Argentina's YPF Boosts Fourth-Quarter Profit by 88%
02/25/201408:34:07Chevron Reviewing Options for U.S. Midstream Business - Bloomberg
02/23/201420:50:21Caltex Australia Profit Hurt by Refining Loss
02/18/201412:22:40Argentina's YPF Working on Shale Deal With Malaysia's Petronas
02/17/201413:23:34Fire At Chevron Natural-Gas Wells in Southwestern Pennsylvania...
02/12/201412:35:23Chevron Still Trying To Contain Natural-Gas Well Fire
02/03/201415:30:09Petrobras Shares Plummet to Eight-Year Low
02/03/201415:20:01Petrobras Shares Plummet 5.8% to Close at Eight-Year Low
02/02/201422:10:07Nikkei Tracks U.S. Selloff, Sydney Flat
01/31/201416:52:10MARKET SNAPSHOT: U.S. Stocks See Worst Monthly Decline In Over...
01/31/201413:43:09MARKET SNAPSHOT: U.S. Stocks Fall; Dow Losses Ease
01/31/201410:48:40MARKET SNAPSHOT: U.S. Stocks Slide As Mattel, Amazon Disappoint
01/31/201409:40:07Chevron Net Down 32% on Lower Production
01/29/201409:39:35Phillips 66 4th-Quarter Profit Rises 17%
01/26/201408:16:39MARKET SNAPSHOT: Stock Investors Trash Market Darlings, Face...

Chevron and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad