Comments on: Chevron Corp. Promises to Reduce Methane Leaks and Flaring at Natural Gas Operations https://www.frackcheckwv.net/2019/02/27/chevron-corp-promises-to-reduce-methane-leaks-and-flaring-at-natural-gas-operations/ Just another WordPress site Wed, 14 Feb 2024 02:06:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: CHEVRON UPDATE https://www.frackcheckwv.net/2019/02/27/chevron-corp-promises-to-reduce-methane-leaks-and-flaring-at-natural-gas-operations/#comment-247134 CHEVRON UPDATE Fri, 01 Nov 2019 13:44:20 +0000 http://www.frackcheckwv.net/?p=27014#comment-247134 <strong>Subject: Chevron Update as of September 30, 2019</strong> SAN RAMON, Calif.--(BUSINESS WIRE)--Nov. 1, 2019-- Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion($1.36 per share - diluted) for third quarter 2019, compared with $4.0 billion ($2.11 per share - diluted) in the third quarter 2018. Included in the current quarter was a tax charge of $430 million related to a cash repatriation. Foreign currency effects increased earnings in the third quarter 2019 by $74 million. “Global demand for energy continues to grow, and we are committed to meet this demand with less environmental impact. We recently announced new goals to reduce net greenhouse gas emission intensity from upstream oil and natural gas production.” “During the third quarter, we began capturing and storing carbon dioxide at our Gorgon LNG facility in Australia, one of the world’s largest greenhouse gas mitigation projects. Also, construction is underway on a new solar farm, which will supply low-carbon electricity to the Lost Hills Oil Field in California.” “Global demand for energy continues to grow, and we are committed to meet this demand with less environmental impact. We recently announced new goals to reduce net greenhouse gas emission intensity from upstream oil and natural gas production,” Wirth continued. “During the third quarter, we began capturing and storing carbon dioxide at our Gorgon LNG facility in Australia, one of the world’s largest greenhouse gas mitigation projects. Also, construction is underway on a new solar farm, which will supply low-carbon electricity to the Lost Hills Oil Field in California.” <strong>U. S. UPSTREAM</strong> — The company’s average sales price per barrel of crude oil and natural gas liquids was $47 in third quarter 2019, down from $62 a year earlier. The average sales price of natural gas was $0.95 per thousand cubic feet in third quarter 2019, down from $1.80 in last year’s third quarter. <strong>INTERNATIONAL UPSTREAM</strong> — The average sales price for crude oil and natural gas liquids in third quarter 2019 was $56 per barrel, down from $69 a year earlier. The average sales price of natural gas was $5.62 per thousand cubic feet in the quarter, compared with $6.73 in last year’s third quarter. Subject: Chevron Update as of September 30, 2019

SAN RAMON, Calif.–(BUSINESS WIRE)–Nov. 1, 2019– Chevron Corporation (NYSE: CVX) today reported earnings of $2.6 billion($1.36 per share – diluted) for third quarter 2019, compared with $4.0 billion ($2.11 per share – diluted) in the third quarter 2018. Included in the current quarter was a tax charge of $430 million related to a cash repatriation. Foreign currency effects increased earnings in the third quarter 2019 by $74 million.

“Global demand for energy continues to grow, and we are committed to meet this demand with less environmental impact. We recently announced new goals to reduce net greenhouse gas emission intensity from upstream oil and natural gas production.”

“During the third quarter, we began capturing and storing carbon dioxide at our Gorgon LNG facility in Australia, one of the world’s largest greenhouse gas mitigation projects. Also, construction is underway on a new solar farm, which will supply low-carbon electricity to the Lost Hills Oil Field in California.”

“Global demand for energy continues to grow, and we are committed to meet this demand with less environmental impact. We recently announced new goals to reduce net greenhouse gas emission intensity from upstream oil and natural gas production,” Wirth continued. “During the third quarter, we began capturing and storing carbon dioxide at our Gorgon LNG facility in Australia, one of the world’s largest greenhouse gas mitigation projects. Also, construction is underway on a new solar farm, which will supply low-carbon electricity to the Lost Hills Oil Field in California.”

U. S. UPSTREAM — The company’s average sales price per barrel of crude oil and natural gas liquids was $47 in third quarter 2019, down from $62 a year earlier. The average sales price of natural gas was $0.95 per thousand cubic feet in third quarter 2019, down from $1.80 in last year’s third quarter.

INTERNATIONAL UPSTREAM — The average sales price for crude oil and natural gas liquids in third quarter 2019 was $56 per barrel, down from $69 a year earlier. The average sales price of natural gas was $5.62 per thousand cubic feet in the quarter, compared with $6.73 in last year’s third quarter.

]]> By: Richard Jones https://www.frackcheckwv.net/2019/02/27/chevron-corp-promises-to-reduce-methane-leaks-and-flaring-at-natural-gas-operations/#comment-228674 Richard Jones Tue, 05 Mar 2019 18:30:09 +0000 http://www.frackcheckwv.net/?p=27014#comment-228674 Centre Daily Times CARBON BILL WOULD BUOY ECONOMY, HEALTH Congratulations to Patton Township supervisors for passing a resolution earlier this month urging the U.S. House of Representatives to pass the Energy Innovation and Carbon Dividend Act. This bill — House Resolution 763— is effective, good for people, good for the economy, bipartisan and revenue-neutral. As the township’s resolution says, it would “… not economically burden Patton Township nor its citizens.” The act places a fee of $15 per ton on carbon to be collected by the Treasury Department at the first point of sale: mines, refineries and gas wells. The fee rises by $10 per ton per year. But the government does not keep the money. The funds will be distributed to each U.S. household in equal monthly per-person dividends. This will drive down carbon pollution because the powerful price mechanism will move energy companies, all industries that use fossil fuels, and consumers to seek cleaner, less expensive options. It is a market-based solution. Passage would reduce America’s carbon emissions by at least 40 percent within 12 years. It would improve health by reducing the pollution that Americans breathe. And it would put money directly into people’s pockets every month to spend as they see fit, helping low-and middle-income Americans. This legislation is a major first step in slowing global warming. I commend Patton Township for supporting its passage. Richard W. Jones, State College ############################### MEMO TO LAWMAKERS: PASS A SEVERANCE TAX Seriously, folks, to me a Marcellus Shale tax is a no-brainer, unless of course you’re a Republican or Democrat accepting mucho money from the natural gas industry. As stated on the front page of the Centre Daily Times on February 1, 2019, “Pennsylvania is the only major natural gas state that does not tax the product.” So come on, Pennsylvania lawmakers: Approve a severance tax on Marcellus Shale natural gas production! These drillers aren’t going to leave the state and go somewhere else. These companies will only leave after taking all they want. “All mining exhausts the deposit.” Then and only then will they leave, and when they do, they’ll leave scars that will take years to heal. Betsy Green, Spring Mills Read more here: https://www.centredaily.com/latest-news/article226918394.html#storylink=cpy Centre Daily Times

CARBON BILL WOULD BUOY ECONOMY, HEALTH

Congratulations to Patton Township supervisors for passing a resolution earlier this month urging the U.S. House of Representatives to pass the Energy Innovation and Carbon Dividend Act.

This bill — House Resolution 763— is effective, good for people, good for the economy, bipartisan and revenue-neutral. As the township’s resolution says, it would “… not economically burden Patton Township nor its citizens.”

The act places a fee of $15 per ton on carbon to be collected by the Treasury Department at the first point of sale: mines, refineries and gas wells. The fee rises by $10 per ton per year. But the government does not keep the money. The funds will be distributed to each U.S. household in equal monthly per-person dividends.

This will drive down carbon pollution because the powerful price mechanism will move energy companies, all industries that use fossil fuels, and consumers to seek cleaner, less expensive options. It is a market-based solution.

Passage would reduce America’s carbon emissions by at least 40 percent within 12 years. It would improve health by reducing the pollution that Americans breathe. And it would put money directly into people’s pockets every month to spend as they see fit, helping low-and middle-income Americans.

This legislation is a major first step in slowing global warming. I commend Patton Township for supporting its passage.

Richard W. Jones, State College

###############################

MEMO TO LAWMAKERS: PASS A SEVERANCE TAX

Seriously, folks, to me a Marcellus Shale tax is a no-brainer, unless of course you’re a Republican or Democrat accepting mucho money from the natural gas industry.

As stated on the front page of the Centre Daily Times on February 1, 2019, “Pennsylvania is the only major natural gas state that does not tax the product.”

So come on, Pennsylvania lawmakers: Approve a severance tax on Marcellus Shale natural gas production! These drillers aren’t going to leave the state and go somewhere else. These companies will only leave after taking all they want. “All mining exhausts the deposit.”

Then and only then will they leave, and when they do, they’ll leave scars that will take years to heal.

Betsy Green, Spring Mills

Read more here: https://www.centredaily.com/latest-news/article226918394.html#storylink=cpy

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