A judge ruled Thursday that Chevron can proceed with an international arbitration claim against Ecuador related to a 17-year-old court battle over rain forest contamination in that South American nation. U.S. District Judge Leonard Sand in Manhattan rejected an attempt by Ecuador to block the ...

NEW YORK (Reuters) - Chevron Corp may pursue an international arbitration claim over environmental pollution allegations in Ecuador, a judge ruled on Thursday, part of a long-running case that carries a potential $27 billion liability for the second-largest U.S. oil company. The government of Ecuador had asked Manhattan federal court Judge Leonard Sand to prevent Chevron from taking the 17-year-old ...

NEW YORK (Reuters) - Chevron Corp <CVX.N>, the second-largest U.S. oil company, put some of its downstream operations up for sale, including its Pembroke refinery in the UK, and said it would eliminate 2,000 jobs this year. As it concentrates increasingly on extracting oil and natural gas, Chevron expects 1 percent annual production growth through 2014 ...

Chevron Corp. said Tuesday it will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations. The job cuts represent almost 12 percent of its 17,000 workers in the so-called downstream part of its business ...