Chevron plans $7 billion Venezuela investment to double oil production
Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
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Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
America's biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis.
Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has more.
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
Chevron CEO Mike Wirth spoke with "Face the Nation" moderator Margaret Brennan about what he would need to see to feel confident sending a ship through the Strait of Hormuz.
The war with Iran is disrupting global oil and gas supplies, sending prices skyrocketing. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan spoke with Chevron CEO Mike Wirth about the economic impact.
Travelers could see airline fares rise and fewer flights available in the coming weeks, Chevron CEO Mike Wirth said in an interview with "Face the Nation with Margaret Brennan."
"Flights may not be as abundant as they otherwise would have been," Chevron CEO Mike Wirth told Margaret Brennan. "I think planes will probably be more full than they would have been. And yes, fares, fares could be higher."
Lilia Luciano traveled to Chevron's largest oil refinery on the Mississippi coast and spoke to Andy Walz, a president of the company, about what people at home can do to avoid high gas prices.
Venezuelan oil shipped to the U.S. is providing relief from higher prices caused by the Iran war, according to a senior Chevron executive.
Andy Walz, Chevron's president of downstream, midstream and chemicals, told CBS News' Lilia Luciano that the energy giant is bringing in Venezuelan crude oil to help lower costs driven up by the Iran war.
President Trump met with major oil industry executives Friday afternoon as he pushes U.S. oil companies to invest in Venezuela.
Trump administration officials are set to meet with representatives from Chevron, ConocoPhillips and Exxon to discuss Venezuela, two sources tell CBS News. Aaron Navarro reports.
Shares in Chevron, Exxon and other energy companies climbed, while oil prices jumped, on Monday after Maduro's ouster.
Emergency services say crews have extinguished a fire at a Chevron refinery in El Segundo, California. CBS News national correspondent Carter Evans has the details.
The Supreme Court ruled 6-3 Thursday to overturn a 40-year-old decision that had given federal agencies broad regulatory power, curtailing the agencies' ability to enforce regulations. Former federal prosecutor Scott Fredericksen joined CBS News to discuss the decision and attorney and CBS News campaign reporter Katrina Kaufman has more on the cases still on the court's docket.
The Supreme Court is putting the power of federal agencies on the chopping block. The latest case before the justices could forever change the way the government operates. Craig Green, law professor at Temple University, joins CBS News to explain.
Chevron's purchase of Hess for $53 billion is the second energy industry megadeal this month amid a surge in oil prices.
Record profits and a growing climate crisis have renewed calls for a tax on fossil-fuel companies.
Chevron announced roughly $36 billion in profits during 2022, setting an all-time high for the company. This follows a $75 billion stock buyback from the oil giant. Host of "TheStreet" J.D. Durkin joined CBS News to discuss why big oil had such a profitable year and what 2023 holds for the industry.
In the first interview since his ex-wife's trial, Patrick Clancy describes what happened at home before his children were killed and how he handled his grief.
As President Trump touts a looming decision on his next move in the war, Tehran says any "new aggression" would be met with different weapons in new places.
C.C. Yin's family has donated nearly $3 million to state-level California political causes and an additional $1,455,027 to federal campaigns.
CNN was set to provide pool coverage on Monday and accompany President Trump on a trip to New York City, but there will not be a network TV pool team traveling with him.
Trump Media & Technology recently launched a Truth Social API data feed, charging $100,000 for "real-time access to posts from the highest-ranking Truth Social accounts."
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
Lindsay Clancy's lawyers asked a judge to question the holdout juror about his alleged use of a cellphone during deliberations and his answers on a questionnaire.
Flights at Newark Liberty International, John F. Kennedy International and LaGuardia airports were delayed due to an equipment outage, the FAA says.
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Nolan Wells, 18, was found dead after going missing following an outing with friends on Mississippi's Horn Island on the Fourth of July.
Sixteen bears are facing off in Fat Bear Week 2026, the highly anticipated tournament among the chunkiest bears at the Katmai National Park and Preserve in Alaska.
Wilber Rafael Garces Perez, the 28-year-old Venezuelan national shot by an ICE officer on Sunday, said in a phone call on Monday that he's "not doing well."
Lindsay Clancy's lawyers asked a judge to question the holdout juror about his alleged use of a cellphone during deliberations and his answers on a questionnaire.
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Trump Media & Technology recently launched a Truth Social API data feed, charging $100,000 for "real-time access to posts from the highest-ranking Truth Social accounts."
Paramount's agreement with 12 state attorneys general paves the way for the company to complete its $110 billion acquisition of Warner Bros. Discovery.
"Most of society is still not aware of how quickly it's moving," Gates said of the latest advances in artificial intelligence.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
Wilber Rafael Garces Perez, the 28-year-old Venezuelan national shot by an ICE officer on Sunday, said in a phone call on Monday that he's "not doing well."
Trump Media & Technology recently launched a Truth Social API data feed, charging $100,000 for "real-time access to posts from the highest-ranking Truth Social accounts."
C.C. Yin's family has donated nearly $3 million to state-level California political causes and an additional $1,455,027 to federal campaigns.
CNN was set to provide pool coverage on Monday and accompany President Trump on a trip to New York City, but there will not be a network TV pool team traveling with him.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
The twins were born in Ethiopia with a rare condition that left them joined at the head. Doctors spent a year planning a separation surgery.
"I want my pictures to hurt," British war photographer Sir Don McCullin told CBS News ahead of the publication of his final book: "Vietnam."
The discovery of the nine bodies has fueled fear and anger, as authorities investigate whether a serial killer or killers were responsible.
The scale and duration of Iran's response appeared to take the U.S. goverenment by surprise, three sources who were in Bahrain at the time told CBS News, in part because families hadn't yet been required to evacuate.
Meloni said the government would bring the proposed legislation to the Council of Ministers, after which it would require parliamentary approval to become law.
Police have not said what led to the shooting or whether the synagogue or Jewish community was targeted.
Sixteen bears are facing off in Fat Bear Week 2026, the highly anticipated tournament among the chunkiest bears at the Katmai National Park and Preserve in Alaska.
Nike-owned Converse acknowledged that an ad for its Chuck Taylor sneaker is "deeply upsetting."
"Survivor" host Jeff Probst sits down with "CBS Mornings" to discuss the show's upcoming 51st season, which features some new twists and turns.
Ed Sheeran performed alone at his first concert since Macklemore was dropped from the tour for his pro-Palestinian comments onstage, resulting in Sheeran's other openers leaving as well. Sheeran told fans he "never wanted to be an activist musician" amid the controversy. Vlad Duthiers has the latest.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
AI "agents" show a remarkable ability to share information and knowledge with other bots. That should worry us.
Microsoft co-founder Bill Gates is in New York City this week for the UN General Assembly, hoping to prepare world leaders for the huge potential and huge threats AI poses. He spoke with Tony Dokoupil about his concerns.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Axios co-founder Jim VandeHei found a silver lining in the ongoing AI doom-and-gloom and co-wrote a modern survival guide called "Simplify: Do 50% More with 50% Less." Vandehei joins "The Takeout" to discuss the book, artificial intelligence and the Trump administration.
A new lawsuit alleges that several leading artificial intelligence companies violated antitrust laws by agreeing to a coordinated slowdown. Renée DiResta, associate research professor at Georgetown University's Massive Data Institute, joins with analysis.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Nolan Wells, 18, was found dead after going missing following an outing with friends on Mississippi's Horn Island on the Fourth of July.
In Austin, Texas, an ICE officer shot and wounded a 28-year-old Venezuelan man who, according to his lawyer, is now in federal custody with a bullet lodged in his spine. Jason Allen has video from the scene and more details.
A former "American Idol" contestant broke down in court on Monday as images and information about his ex-wife's execution-style killing were laid out in court. Tom Hanson has more details on the murder trial.
Lindsay Clancy's defense attorney is now asking the judge at her murder trial to question the holdout juror and review his phone records. Shanelle Kaul has more on that and an unseen part of the 60 Minutes Patrick Clancy interview.
The holiest day of the Jewish calendar, Yom Kippur, got off to a violent start just after sundown on Sunday night in Canada, when a gunman opened fire on a police officer outside a synagogue in Ontario. It's the latest in a string of synagogue attacks there this year. Ian Lee reports.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
In Austin, Texas, an ICE officer shot and wounded a 28-year-old Venezuelan man who, according to his lawyer, is now in federal custody with a bullet lodged in his spine. Jason Allen has video from the scene and more details.
A California family gave over $4.4 million in political donations to Governor Gavin Newsom, Kamala Harris and other leading California politicians. And now, that family's alleged past links to infamous suspected honeypot spy Fang Fang, also known as Christine Fang, and other Chinese government officials have thrust them into an ongoing debate over foreign influence in American politics.
World leaders are in New York City this weekend for the United Nations General Assembly. President Trump is set to speak at the event on Tuesday. CBS News intelligence and national security reporter Olivia Gazis has more.
President Trump started his New York trip on Monday with a visit to Gracie Mansion for a meeting with Mayor Zohran Mamdani. CBS News reporter Jared Ochacher has the details.
American sneaker company Converse is apologizing for an ad campaign that critics say evokes racist imagery. CBS News MoneyWatch reporter Megan Cerullo has more.