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0.000257102455328397 0.00013176500835582 0.00141406350430646 0.000321378069160451 0.00134978789047422 -0.000642756138321267 0.00109268543514583 0.00822727857051036
Stock impact report

Chevron-Operated Egypt Offshore Block Gets QatarEnergy Boost [Yahoo! Finance]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: Yahoo! Finance
The block is located 10 kilometers off the Mediterranean coast in Egypt, with water depths ranging from 100 to 3,000 meters, signifying valuable potential for oil and gas exploration. Per the agreement, CVX, one of the world's largest publicly traded oil and gas companies, will retain its block-operator role with a 40% stake, and Woodside and Tharwa Petroleum will hold 27% and 10% stakes, respectively. The Stena Forth drillship is deployed in the North El-Dabaa block for the exploration and drilling activities, which are scheduled to begin by late November 2024. The CEO of QatarEnergy said that their partnership with CVX, carrying a Zacks Rank #3 (Hold) currently,demonstrates their dedication to the Egyptian oil and gas sector and also their strengthening relationship with the company. The Egyptian government has an ambitious plan in the pipeline to drill over 110 exploration wells in the next two years and a further agenda of drilling about 586 exploration wells by 2030. You can Show less Read more
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