Chevron vs. California: The New Fuel Regulatory Law Debate

Chevron Corporation (CVX) has expressed concern over the ABX2-1 bill, recently enacted by the state to enforce the oil refineries to maintain a minimum fuel stock. Although the regulators of California endorsed the legislation to stabilize the fuel supply and control the oil prices, the same has been considered flawed by the oil major. An Insight Into the New Mandate California has always been concerned about high gas prices, leading to its constrained relationship with oil companies. Geographically, the st ...