RIYADH / WAM An Unmanned Aerial Vehicle (UAV) launched by terrorist Houthi militia against civilian targets in Saudi city of Najran was successfully intercepted, Col Turki Al-Maliki, the official spokesman of the Arab coalition supporting Yemen’s legitimate government, said in statement carried by Saudi Press Agency (SPA). The Houthi militia continues to violate international humanitarian law by launching drones and …

Bloomberg Chevron Corp is planning a 10% to 15% reduction in its global workforce this year, the biggest cut to headcount yet among global oil majors following the Covid-19 pandemic. The cuts equate to about 6,000 of its 45,000 non-gas station employees and may be a precursor to staffing reductions at Big Oil rivals such as BP Plc and Royal …

Bloomberg Exxon Mobil Corp shareholders voted against separating the roles of chairman and chief executive officer as the oil giant navigates a historic collapse in crude prices. Just 33% of investors backed the proposal to create an independent chairman position, compared with 41% last year. Proxy advisers Glass Lewis & Co and Egan-Jones Proxy Services had recommended that shareholders vote …