HOUSTON (Reuters) -Striking union workers at Chevron Corp's Richmond, California, refinery voted on Saturday to ratify the latest contract offered by the company, ending a 10-week strike without achieving their goal of additional pay to counter rising health care costs, said sources familiar with the vote. About 500 workers represented by United Steelworkers (USW) union Local 12-5 began the strike on March 21 in a dispute over pay to match the rising cost of health care over the past few years in the San Francisco Bay area where the 245,271-barrel-per-day refinery is located. Chevron has said striking workers would return to work in the weeks following the contract's ratification.
Chevron (NYSE:CVX) has had a great run on the share market with its stock up by a significant 27% over the last three...
Shares of Chevron (NYSE: CVX) have surged this year. Higher oil prices have been a major catalyst for Chevron this year. Chevron increased its dividend for the 35th straight year in early 2022 and said it would buy back as much as $10 billion of its stock this year.