July 27, 1988 |
Chevron Corp. said yesterday that it is entering a joint venture with the Nigerians to refine that nation's crude oil, beating Sun Co. to the punch. However, Sun spokesman Robert Dietshe said the company is still exploring ways to set up a cooperative venture with Nigeria. Sun also is negotiating with two other nations, which the company hasn't identified. The Chevron deal follows a pattern emerging in the oil industry. Texaco last month announced a joint venture with Saudi Arabia, and Citgo has a similar deal with Venezuela.
November 7, 1989 |
Chevron Corp. said nine truckloads of contaminated gasoline were shipped from its Philadelphia refinery yesterday. The gasoline was contaminated with water as the result of a "mix-up" at the refinery, the company said. Water from a tank being cleaned accidentally ended up in the pipeline system, Chevron said. The company will pay motorists and station owners for the cost of any repairs resulting from the bad fuel, said spokesman John R. Galloway. He declined to name the stations or the brands under which the gasoline might have been sold.
February 25, 1994 |
The Chevron USA refinery in South Philadelphia is going to be sold to Sun Co., which owns a refinery next door. Industry insiders considered Philadelphia-based Sun the most likely buyer when San Francisco-based Chevron put the 66-year-old refinery up for sale last May. But in December, Chevron entered into a tentative agreement of sale with Lincolnshire Management Inc., a New York City investment group. Yesterday, Peter McCrea, Chevron's vice president in charge of the asset sale, said the company and Lincolnshire could not agree on terms that "met the needs" of both parties.
November 16, 1993 |
Chevron Corp. expects to announce the sale of its Philadelphia refinery, the largest of the eight refineries on the Delaware River, by the end of the year. James Galloway, spokesman for the Philadelphia refinery, said yesterday that the company had received a number of "bids which appear to be viable" and was now talking with the parties. The company, based in San Francisco, will not disclose the exact number of bids, the value of them, or the identify of the bidders, Galloway said.
January 14, 2011
Your articles about the role of a Philadelphia law firm in an Ecuador lawsuit omit critical facts ("Embroiled in a fraud suit," Dec. 23, and "Moves costly to Ecuadoran plaintiffs," Friday). Five indigenous groups in Ecuador have presented voluminous scientific evidence of Chevron's deliberate dumping of billions of gallons of toxic waste into an area of rain forest the size of Rhode Island over almost three decades. This dumping has hurtled these vulnerable populations toward possible extinction.
March 16, 2011 |
Throughout the bitterly fought legal battle over allegations that Chevron despoiled hundreds of square miles of once-pristine Amazon jungle in eastern Ecuador, rife as it is with charges of fraud and corruption, the plaintiffs consistently have argued their science is sound and the Ecuadoran judicial system is well-equipped to evaluate it. But on March 7, their case was dealt a severe setback. U.S. District Judge Lewis Kaplan, ruling in Manhattan, unleashed a withering broadside barring the plaintiffs, at least for the moment, from seeking to enforce an $18 billion judgment handed down by an Ecuadoran judge against Chevron.
May 26, 2011 |
In a decision lending support to plaintiffs' lawyers in a massive pollution lawsuit against Chevron, the U.S. Court of Appeals for the Third Circuit on Wednesday reversed a lower-court ruling that the Philadelphia law firm of Kohn, Swift & Graf P.C. must disclose e-mails and other confidential communications it had in connection with the case. The appeals court sent the case back to U.S. District Judge Jan E. DuBois in Philadelphia, saying there must be evidence linking the Kohn firm to fraud before the firm must disclose communications with its experts in the case and other lawyers.
August 7, 2011 |
A federal judge sitting in New York has found there is no evidence lawyers at the Center City firm of Kohn, Swift & Graf P.C. were aware of potentially fraudulent actions in a huge pollution lawsuit it financed that alleges that Chevron Corp. had despoiled vast stretches of the Amazon rain forest. However, the ruling by U.S. Magistrate Judge James C. Francis requires the Kohn firm and other parties to turn over internal documents that Chevron contends may bolster its claim that opposing lawyers in Ecuador corruptly influenced the judiciary there.
September 21, 1992 |
Reams of paper - legal briefs, judicial opinions, letters from lawyers - cover Frank Poleo's dining-room table in his comfortable Cherry Hill home. But all the verbiage in them boils down to one thing, as far as Poleo is concerned: The Chevron Corp., a $41 billion company, is demanding that he, a 75-year-old retiree, help pay legal bills Chevron ran up defending itself against an environmental-pollution lawsuit concerning a station he once leased. His tenure at the station has not been linked to the pollution at the core of the lawsuit.
November 17, 2014 |
The early October sell-off created buying opportunities in the industrial sector for companies such as United Technologies (UTX), Eaton Corp. (ETN), and General Electric (GE), says Hank Smith at Haverford Trust, chief investment officer overseeing $6 billion in assets. In particular, he holds and has been buying more of UTX and Eaton since those shares fell roughly 20 percent. UTX has fallen to about $101 a share, Eaton to $60, Smith says. The bear market in crude oil also presents opportunity in major integrated oil companies ExxonMobil (XOM)