Oil

Chevron logged record production in the Permian Basin of Texas and New Mexico.

Higher prices and overseas operations boost earnings at the world's largest publicly traded oil company.

Higher prices and overseas operations boost earnings at the world's largest publicly traded oil company.

Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories.

Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories.

Royal Dutch Shell more than tripled its profits in the second quarter to beat forecasts boosted by strong refining operations and a rise in oil prices.

Royal Dutch Shell more than tripled its profits in the second quarter to beat forecasts boosted by strong refining operations and a rise in oil prices.

Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a barrel, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.

Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a barrel, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.

Oil rose around 3 percent on Tuesday, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

Oil rose more than 1 percent on Monday, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's executive chairman said the U.S. shale drilling boom would probably ease next year.

Oil rose more than 1 percent on Monday, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's executive chairman said the U.S. shale drilling boom would probably ease next year.

With U.S. oil production on the rise, OPEC's coordinated production cuts have mostly failed to reduce a global oversupply.

With U.S. oil production on the rise, OPEC's coordinated production cuts have mostly failed to reduce a global oversupply.

Halliburton returned to profitability in the second quarter, as drilling activity in North America continued to rebound.

Halliburton returned to profitability in the second quarter, as drilling activity in North America continued to rebound.

The average price of a gallon of regular-grade gasoline rose about a penny nationally over the past two weeks, to $2.32.

The average price of a gallon of regular-grade gasoline rose about a penny nationally over the past two weeks, to $2.32.