Chevron Commits $500,000 to California Wildfire Relief Efforts and BP Announces Donation of $250,000 to Assist Victims and Emergency Personnel with California Fires
City of Industry, CA --(www.USEquityNews.com)-- 10/25/2007 - Energy industry alert provided by U.S. Equity News. Chevron Corporation (NYSE: CVX), recently committed $500,000 to support relief efforts in the communities affected by the Southern California wildfires. The commitment includes a $400,000 contribution to the American Red Cross Disaster Relief Fund that will support wildfire relief efforts across Southern California and a $100,000 contribution that will be directed towards local charities and relief efforts in the communities where Chevron operates.
Lower gas prices and volumes and higher costs contributed to a decrease in third-quarter net income for ConocoPhillips (NYSE: COP). The Houston petroleum giant reported net income of $3.7 billion, or $2.23 per share, on revenue of $46.1 billion, for the quarter ended Sept. 30, 2007. That compared with net income of $3.9 billion, or $2.31 per share, on revenue of $48.1 billion, for the same period a year earlier.
BP Foundation (NYSE: BP) recently announced that it will donate $250,000 to help the fire fighters and thousands of people who have been affected by the devastating wild fires plaguing southern California this week. "Our hearts go out to the people of California during this time of crisis. We're grateful to those courageous emergency service personnel for their tireless efforts." said Bob Malone, President of BP America.
Holloman Energy Corporation (OTCBB: HENC) has scheduled Hunt Oil's "Hunt 3" drill rig for an anticipated spud date of November 15th, 2007. Holloman Energy Corporation retains the oil & gas exploration permits PEL's 108, 109, & 112, located in South Australia in the prolific Cooper/Eromanga Basin. Holloman Energy Corporation (the Operator) has agreed to drill and complete three exploratory wells in the northern section of PEL 112. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com
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