“Crude”, a documentary that chronicles the legal battle between Chevron and 30,000 residents in the rainforest of Eduador, did well at the box office this weekend. In fact, “Crude” had the highest per-screen average ($16,729) in the U.S. this weekend.
Kent Robertson, a spokesman for Chevron, said that “Crude” was “long on emortion and short on facts”. That statement enraged Joe Berlinger, the documentary’s director. In fact, Berlinger claims that Robertson made his comment without actually watching the documentary beforehand.
“Despite Chevron’s efforts to discredit the film, audiences made their voices heard this weekend,” said Berlinger. “Crude respects its viewers and allows …read more

Chevron Australia, a subsidiary of Chevron, has signed deals with three companies from the countries of Japan and South Korea that is worth approximately $60 billion. The deals, which were made with GS Caltex, Tokyo Gas and Osaka Gas, call for Chevron Australia to provide natural gas from the Gorgon gas field once it is developed.
Said John Gass of Chevron: “With Osaka Gas and Tokyo Gas, we have as foundation customers two of the most experienced LNG buyers in the largest LNG market in the world. The agreements with GS Caltex provide our initial entry into the important Korean LNG …read more

Oil companies that are trying to expand into Nigeria face a significant roadblock in the form of the Movement for the Emancipation of the Niger Delta, or MEND. This Nigerian militant group has threatened to destroy a planned trans-Saharan pipeline project, if it is ever built.
 
MEND has specifically warned Agip, Total, and Exxon Mobil, the three companies still operating in the Niger Delta, that they have three days to leave before new attacks may be launched. Chevron has already cancelled operations in the area because of several attacks on its onshore operations.
 
Niger and Nigeria have already forged an agreement to …read more

In both 2007 and 2008, Wal-Mart was on top of the Fortune 500, while Exxon Mobil finished in second place. For 2009, Exxon Mobil leapfrogged Wal-Mart and is now first while Wal-Mart finished in the second slot.
The Fortune 500 is released by Fortune magazine on a yearly basis and it lists the 500 richest corporations in the United States by using gross revenue as the measure. This year, Exxon Mobile topped the list with more than $440 billion in revenue. Wal-Mart was second with revenue of more than $405 billion.
Overall, the national economic woes was felt in the Fortune …read more