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As expected, a Democratic bill that would have put an end to the multi-billion-dollar annual tax subsidies for oil companies Chevron, Shell, BP, ConocoPhillips and Exxon Mobil failed to overcome a Republican filibuster on Tuesday evening. The heavily partisan 52-in-favor, 48-against vote fell ...
Not too long ago, the 8-foot tall orange Union 76 globes towering over gas stations could be found almost as easily as a Starbucks can today. But as those stations were renovated or as new ones were built, the glowing balls were taken down and newly built outlets got more conventional (i.e. ...
High gasoline prices have to be good for someone, and in news that will shock few, those fortunate men and women appear to work for Big Oil. Chevron, America's second largest oil company announced Friday that its first-quarter profits hit four billion dollars, a dramatic 49 percent increase over ...