Chevron said it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold

BHP Group Ltd BHP.AX is in talks to sell its petroleum business to Australia’s top independent gas producer Woodside Petroleum Ltd WPL.AX in exchange for shares, the companies confirmed

US crude oil stockpiles fell last week as exports soared the most in 18 months and refineries boosted production to the highest rate since March before the worst of the demand hit from the coronavirus pandemic