Ramon

Declining natural gas prices in the last three months of 2006 took a big bite out of Chevron Corp.’s net income, the San Ramon, CA-based major said Friday. Chevron recorded a 9% boost to its U.S. gas output in 4Q2006, but nearly all of it was gas recovered following restorations to Gulf of Mexico (GOM) infrastructure damaged by hurricanes Katrina and Rita in 2005.

In an effort to grow its domestic natural gas business, San Ramon, CA-based Chevron Corp. on Friday purchased Targa Resources’s 40% stake in Bridgeline Holdings (BLH). Chevron will own 100% of the Louisiana pipeline and storage operation. The terms and sale price were not disclosed.

A little less than four years after Chevron Corp. and Texaco Inc. merged (see NGI, Sept. 10, 2001), San Ramon, CA-based ChevronTexaco said last week that the company is changing its name to Chevron Corp. immediately in order to present a “unified presence” in the global marketplace going forward.

A little less than four years after Chevron Corp. and Texaco Inc. merged (see Daily GPI, Sept. 10, 2001), San Ramon, CA-based ChevronTexaco announced Monday that the company is changing its name to Chevron Corp. immediately in order to present a “unified presence” in the global marketplace going forward.