Recently, a variety of news regarding Chevron Corporation (CVX) has emerged. Significant events include the costly increasing in Chevron's Tengiz Project and the corporation's exit from the U.K's North Sea, causing it to divest all remaining assets. Negative press around the Hess deal is rampant, when it was reported that CVX might face legal hurdles over the deal's disclosures. CVX has also sold a 41.1% gas stake of Yadana to MTI in Myanmar. The sale followed a 75% reduction in their stake by a Chevron insider.
Institutional support for CVX has been strong with 67% of the shares owned by institutions. The corporation has been garnering a lot of investor attention. Its first-quarter results have been published, and there has been a recent surge in its shares due to increased oil prices. Interestingly, there's talk about CVX's potential $53B acquisition of Hess being in jeopardy. Chevron has made significant investments including a $24M investment in the Tamar Gas Field and the collaboration with Accelera for the production of an electrolyzer system.
Chevron Corporation CVX News Analytics from Mon, 11 Sep 2023 04:03:07 GMT to Thu, 23 May 2024 10:40:18 GMT - Rating 2 - Innovation 6 - Information 8 - Rumor -5
