Revenues fell 33.4% to US$74.1 billion (RM282.7 billion).Contribution from project ramp-ups (in the U.S., Argentina and Bangladesh), the effects of production entitlement in certain regions, and lower downtime associated with turnarounds were partially offset by normal field declines and output loss as a result of Chevron’s policy to shed some of its less-profitable projects.Production rose 2 percent to 2.6 million barrels of oil equivalent per day (boe/d).“Our quarterly results reflect the disparate Read more [...]

NEW YORK (AP): An Argentinian sports marketing executive pleaded not guilty in a US court yesterday in the massive racketeering and bribery case that has scandalised international football. Alejandro Burzaco became the third of 14 defendants charged in the FIFA investigation to appear in federal court in Brooklyn. Prosecutors allege the defendants plotted to arrange bribes of more than $150 million - tied to the award of broadcasting and hosting rights for the World Cup and other tournaments - over Read more [...]

The former chairman of an Argentina-based sports marketing business who was among the 14 people indicted in a federal corruption case that has rocked the soccer world’s governing body is expected to appear in U.S. court on Friday.Jeffrey Webb, a former Federation Internationale de Football Association vice-president, and Aaron Davidson, another former sports marketing executive, who were both also among the 14 indicted in the US have also pleaded not guilty.The assets put up to guarantee the $20 Read more [...]