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1. www.reuters.com › sustainability › climate-energyCalifornia and Big Oil are splitting after century-long affair

   www.reuters.com › sustainability › climate-energy

   Jan 29, 2024 · The No.1 U.S. oil producer's asset writedown will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California. Chevron will also take...

   • Author: Sabrina Valle

2. www.api.org › news › 2021/07/20API | New Analysis: California-Made Natural Gas and Oil ...

   www.api.org › news › 2021/07/20

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   Jul 20, 2021 · SACRAMENTO, CA, July 20, 2021—The American Petroleum Institute (API) today released a new analysis of the natural gas and oil industry’s vast economic impact on California’s economy and highlighted its importance to the state’s post-pandemic recovery.

3. finance.yahoo.com › news › analysis-california-bigAnalysis-California and Big Oil are splitting after century ...

   finance.yahoo.com › news › analysis-california-big

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   Jan 29, 2024 · The No.1 U.S. oil producer's asset writedown will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California. Chevron will also take...

   • Author: Sabrina Valle

4. www.yahoo.com › news › analysis-california-big-oilAnalysis-California and Big Oil are splitting after century ...

   www.yahoo.com › news › analysis-california-big-oil

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   Jan 29, 2024 · The No.1 U.S. oil producer's asset writedown will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California.

5. www.politico.com › news › 2022/12/17Oil industry faces end of the road in California regardless ...

   www.politico.com › news › 2022/12/17

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   Dec 17, 2022 · The state’s prices at the pump climbed to nearly $3 above the national average in October, at $6.42 per gallon, while oil companies nearly doubled their year-over-year profits.

6. www.ft.com › content › 1f742dca-66ea-4eb0-ba6c-36ddbCalifornia looks to seize profits from Big Oil in climate ...

   www.ft.com › content › 1f742dca-66ea-4eb0-ba6c-36ddb

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   Jun 11, 2024 · California will attempt to use consumer protection laws to seize some of the world’s biggest oil companies’ profits as part of a lawsuit accusing them of deceiving the public for decades over...

7. People also ask

   What makes California a unique gas market?

   • Record profits aside, California’s gas market is unique in a number of ways. There are no crude oil pipelines into California. Refiners in the state have to produce cleaner gasoline from crude oil than other states, meaning other states’ gas can’t be supplied directly to California stations.

   Oil industry faces end of the road in California regardless ... - POLITICO

   www.politico.com/news/2022/12/17/oil-industry-confronts-a-growing-threat-newsoms-california-00074434

   See all results for this question

   Does California have a decline in oil production?

   • Oil production in the state has been on a steady decline for almost four decades. Crude output, including at its historic Kern County fields in southern California, is off by a third since its 1.1 million-barrel-per-day peak in 1985.

   California and Big Oil are splitting after century-long affair

   www.reuters.com/sustainability/climate-energy/california-big-oil-are-splitting-after-century-long-affair-2024-01-29/

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   Is California the end of a big oil era?

   • It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California's oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence.

   Analysis-California and Big Oil are splitting after century-long affair

   finance.yahoo.com/news/analysis-california-big-oil-splitting-184130187.html

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   What's going on with California's oil & gas industry?

   • State and local officials have restricted, or in some cases banned, new oil wells. And some cities are even banning gas stations and non-electric lawnmowers. These and other measures suggest a grim outlook in the country’s largest car market for an industry more closely tied to the state’s development than the Gold Rush.

   Oil industry faces end of the road in California regardless ... - POLITICO

   www.politico.com/news/2022/12/17/oil-industry-confronts-a-growing-threat-newsoms-california-00074434

   See all results for this question

   Are California gas prices 'price gouging'?

   • After a large dip over the winter, California gas prices have slowly ticked higher to an average of $4.82 on Monday. Newsom slammed the industry for “price gouging,” an accusation that gained political traction after oil giants reported historic profits.

   California Politics |

   www.mercurynews.com/2023/03/27/california-nears-approval-of-nations-first-big-oil-watchdog-heres-how-it-would-work/

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   What if California's oil refineries exceed profit margins?

   • In December, Newsom proposed legislative language that would set an across-the-board cap on profits by the state’s oil refineries. If refiners exceeded those profit margins, they would face financial penalties. Now, the Legislature is kicking responsibility to a new watchdog body, backed by subpoena powers, within the California Energy Commission.

   California Politics |

   www.mercurynews.com/2023/03/27/california-nears-approval-of-nations-first-big-oil-watchdog-heres-how-it-would-work/

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8. www.latimes.com › california › storyCalifornia lawmakers approve Newsom's oil bill - Los Angeles ...

   www.latimes.com › california › story

   Mar 27, 2023 · California lawmakers on Monday approved Gov. Gavin Newsom’s legislation to increase transparency in the oil industry, ending a special session he called last year to penalize excessive profits.