U.S. oil producer Chevron has expressed insterest in exploring for hydrocarbons southwest of the Peloponnese peninsula in Greece, the Greek energy ministry said in a statement on Monday.
You should always aspire to have a good understanding of the companies you decide to invest in. There will be times when Wall Street throws you a curve ball, of course, but most of the time, businesses are fairly easy to understand.
The U.S. Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron's $53 billion takeover of Hess.
This time, a year ago, West Texas Intermediate (WTI) was trading in the $90 range, but since a peak of $83.57 in late April, the price for the benchmark giant has traded flat for the past five months until ripping higher recently to $79.80.
The energy sector has started 2025 with remarkable momentum, significantly outpacing the broader market. This impressive performance is reflected in the Energy Select Sector SPDR Fund NYSEARCA: XLE, which has gained 8.07% year-to-date as of January 16, far exceeding the S&P 500's modest 1.39% rise.
CVX's pending $53 billion Hess acquisition positions the company for long-term growth, particularly through Hess' prolific Guyana assets.
CVX's Kapana 1X exploration in Namibia fails to yield commercial reserves but provides valuable geological insights.
In the most recent trading session, Chevron (CVX) closed at $158.33, indicating a +0.91% shift from the previous trading day.
Chevron said on Tuesday that it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin.
When it comes to measuring investor and market sentiment toward a stock or group of stocks, retail investors typically look to buying and selling activity. As revealing as this might be, it does come with a few caveats.
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Chevron has hired a new vice president to oversee government affairs, communications and social investment activities, the U.S. oil producer announced on Monday.