American multinational energy company; one of the largest oil firms since Standard Oil's breakup.
California Gov. Newsom has argued that branded gasoline is pricier than unbranded fuel, citing state data as he calls for travelers to use cheaper unbranded gas ahead of Memorial Day. Chevron says most stations are independently owned and priced locally, and notes California’s high pump prices reflect state policies and costs.
Oil markets have shifted as the U.S. and Iran outline a framework to reopen the Strait of Hormuz. Brent and WTI hover around the mid- to high-80s/low-90s as sanctions waivers enable resumed Iranian exports. Global stocks move with muted optimism while gas prices remain elevated compared to prewar levels.
SoftBank has announced a €75bn plan to build AI data centres in northern France and to develop up to 5GW of capacity by 2031. Governments and companies are tightening domestic energy plans in response, prompting talks on interconnectors, local refineries and nuclear or modular-reactor options to meet the data centres’ huge electricity demand.
Trump has accused Keir Starmer of failing on immigration and energy, urging his resignation and calling for expansion of North Sea drilling. The remark underscores tensions in UK‑US relations as UK political tempers flare after recent by‑election results.
Major tech firms have announced widespread workforce reductions while reporting record AI spending and rising head counts at heavy AI adopters. Oracle, Microsoft, Meta and others have cut roles and cited AI-driven change even as studies from Ramp/Revelio, SignalFire and Draup show engineering hires and entry-level roles growing at AI‑intensive firms and job listings shifting toward judgment and AI-tool fluency.
Google has unveiled Gemini 3.6 Flash and a trio of 3.5 variants, emphasizing cheaper tokens and stronger coding/ cybersecurity capabilities. Pro remains in testing, with broader rollout delayed as rivals push ahead.
OPEC+ has agreed to increase oil output by 188,000 barrels per day from August, marking the fifth straight monthly rise. While the move signals a cautious unwind of earlier cuts, oil supplies remain constrained by the Strait of Hormuz and ongoing regional tensions. Prices have edged back toward pre-war levels as shipping resumes.
The US and Iran have exchanged fresh strikes this weekend and on Monday, reversing a recent interim ceasefire and re‑opening doubt over control of the Strait of Hormuz. President Donald Trump has declared the ceasefire "over," ordered further strikes and revoked a temporary oil waiver. Oil has jumped into the high $70s–$80s and global markets have fallen.
US-backed deals have Iraq seeking long-term investment, with Chevron-backed pipelines and parallel routes to reduce Hormuz dependence. Analysts say regional pipelines could carry a large share of oil by 2028; the question remains when they’ll be viable.
Brent crude has risen above $90 a barrel after renewed US–Iran strikes and a US naval blockade prompted fresh attacks on shipping through the Strait of Hormuz. Tanker transits have fallen sharply, insurers and analysts warn supply costs will rise, and US gasoline prices are climbing toward $4 a gallon.