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Former Chevron CEO Kenneth Derr dies at 87

INVESTING
July 15, 2024
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By Sabrina Valle

HOUSTON (Reuters) – Former Chevron Corp (NYSE:CVX) chairman and CEO Kenneth T. Derr, who led the company between 1989 and 1999, died on Friday shortly before his 88th birthday surrounded by his family, the company said on Monday.

Derr expanded Chevron’s global operations during his term. The company entered a partnership in Kazakhstan’s massive Tengiz oil field, signed partnerships in Africa and re-entered Kuwait, Saudi Arabia and Venezuela. He retired in 1999 after a 40-year career.

“Ken was truly a great leader whose vision and leadership helped guide Chevron through momentous times,” CEO Michael Wirth said in a note.

This post is originally published on INVESTING.

INVESTING
January 27, 2025
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Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
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Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…