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European oil majors, including many with extensive U.S. operations, outperform their domestic peers in preparing for a low-carbon future as they shift to more natural gas production and invest in alternative energies, a new analysis has found.

Chevron Corp. is known for its big oil and natural gas projects, its long reach across North America and overseas, but new opportunities are emerging more in the legacy Permian Basin, which by itself contributed a 50,000 b/d bounce in production during the third quarter.

Chevron Corp. is selling nearly 100,000 net acres in a natural gas-rich area of Wyoming and Colorado as it trims its U.S. onshore inventory.

Chevron Appalachia LLChas named Stacey Olson president. Olson’s appointment was effective June 15. She replaces Nigel Hearne who left the division in January to serve as deputy managing director and was recently named managing director of Chevron’s Australian business unit. Chevron Appalachia oversees the company’s assets in the Marcellus Shale and others in Michigan. Olson joined Chevron in 1989 and has worked for the company in various positions across the world.

U.S. onshore results may have been lost in the weak second quarter performance by Chevron Corp., but the No. 2 U.S. producer had a strong story to tell about its onshore portfolio, particularly the venerable Permian Basin.

The second quarter proved to be no better than the first three months of the year for the two largest U.S. oil and gas operators, with No. 1 ExxonMobil Corp. recording a 60% slump in year/year profits and Chevron Corp. recording its third straight loss in a row, this time for $1.5 billion.

Chevron Corp.’s board achieved all of its goals at the annual meeting on Wednesday, with every measure it proposed approved and every shareholder-backed item rejected, including one that would have required the supermajor to complete a climate change assessment.

ExxonMobil Corp., which posted a higher quarterly profit than expected on Friday, raised its quarterly dividend and is keeping its long-term forecast for rising natural gas and oil demand, the investor relations chief said Friday. Meanwhile, Chevron Corp. reported its second straight quarterly loss.

ExxonMobil Corp., which posted a higher quarterly profit than expected on Friday, raised its quarterly dividend and is keeping its long-term forecast for rising natural gas and oil demand, the investor relations chief said Friday. Meanwhile, Chevron Corp. reported its second straight quarterly loss.