financetom
Business
financetom
/
Business
/
Former Chevron CEO Kenneth Derr dies at 87
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Former Chevron CEO Kenneth Derr dies at 87
Jul 15, 2024 12:56 PM

HOUSTON (Reuters) - Former Chevron Corp 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 ( CVX ) 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 ( CVX ) through momentous times," CEO Michael Wirth said in a note.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dexcom Insider Sold Shares Worth $517,906, According to a Recent SEC Filing
Dexcom Insider Sold Shares Worth $517,906, According to a Recent SEC Filing
Jun 17, 2025
05:37 PM EDT, 06/17/2025 (MT Newswires) -- Nicholas Augustinos, Director, on June 13, 2025, sold 6,290 shares in Dexcom ( DXCM ) for $517,906. Following the Form 4 filing with the SEC, Augustinos has control over a total of 38,457 common shares of the company, with 5,046 shares held directly and 33,411 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1093557/000109355725000212/xslF345X05/wk-form4_1750195990.xml ...
Mexican telecoms regulator fines Telcel $93 mln for monopolistic practices
Mexican telecoms regulator fines Telcel $93 mln for monopolistic practices
Jun 17, 2025
MEXICO CITY, June 17 (Reuters) - Mexican telecommunications giant America Movil said on Tuesday that that the nations telecoms regulator fined its subsidiary Telcel 1.78 billion pesos ($93.61 million) for monopolistic practices, which the company denied and pledged to challenge. The fine follows an investigation launched in 2021 by the Federal Telecommunications Institute (IFT) at the request of a competitor...
Shyft Shareholders Approve Merger With Aebi Schmidt
Shyft Shareholders Approve Merger With Aebi Schmidt
Jun 17, 2025
05:34 PM EDT, 06/17/2025 (MT Newswires) -- Shyft ( SHYF ) said late Tuesday that its shareholders have approved the proposed merger with a unit of Aebi Schmidt Group. The transaction is expected to close July 1, the company said. Following the merger, the combined entity will operate under the name Aebi Schmidt Group and is expected to begin trading...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved