Chevron (CVX) is expected to sign agreements today to return an offshore gas field to Venezuela and participate in an extra heavy crude area at the country’s main oil region, Sheila Dang, Marianna Parraga and Deisy Buitrago of Reuters report, citing three sources close to the preparations. In addition, Shell (SHEL) is set to sign a pact to receive the Loran gas field for operation, the sources said.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Chevron price target raised to $220 from $200 at RBC Capital
- Chevron: Near-Term Earnings Headwinds Temper Upside Despite Oil Leverage and Capital Returns
- Oil Hits $100+ as U.S. Threatens Blockade on Iran — Which Stocks Are in the Spotlight?
- Global Oil Shortage Sends Spot Prices Above $140 as Supply Race Intensifies
- Chevron price target raised to $216 from $181 at JPMorgan