Chevron, Venezuela and oil
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While the stock hasn’t shown much momentum, the business remains robust: although revenue has declined at an average of 6.2% annually over the last three
While U.S. military pressure on Venezuela has forced vessels to idle at ports or steer away from the region, it continues to be business as usual for one U.S. company. Chevron (CVX), which has been present in Venezuela for more than a century,
Chevron Corporation (NYSE:CVX) is included among the 12 Best Dogs of the Dow to Invest in. On2, Mizuho boosted its price target on Chevron Corporation (NYSE:CVX) up to $206 from $204 and kept an Outperform rating.
US warships, tanker seizures and a declared blockade are squeezing Venezuela’s oil lifeline. As exports slow to a crawl, Chevron remains the lone US operator and even that window may be closing.
Chevron has lowered the price of Venezuelan crude offered to US refiners after an oil tanker was seized by American forces in the Caribbean last week, Bloomberg reported.
Latest Twist in Chevron’s Amazon Pollution Saga: Ecuador Ordered to Pay the Oil Company $220 Million
Indigenous and other Ecuadorians have lived with millions of gallons of toxic pollution from Texaco’s operations for decades. Now, those victims’ tax dollars will go to Chevron, which acquired Texaco in 2001.
Environmental lawyers say some rollbacks may lean too hard on the Supreme Court ruling that ended the legal doctrine.
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‘Neither appropriate nor fair’: Ecuador ordered to pay oil giant Chevron $220m
Indigenous and rural communities in Ecuador’s Amazon have condemned an international arbitration ruling that ordered Ecuador to pay more than $220 million to U.S. oil giant Chevron. The sum is to compensate the company for alleged denial of justice in a trial that found Chevron,
Chevron Corp. is flying employees from Caracas to its oil production sites in Venezuela despite a US warning to operators that air travel in the region may be unsafe due to military satellite interference.
Wondering whether Chevron is still a smart buy at around $147 a share, or if most of the upside is already baked into the price? Let us unpack what the current market is really implying about its long term value.