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Stockreport

Chevron (CVX), PDVSA Seek 15-Year Extension for Oil Venture [Yahoo! Finance]

Chevron Corporation (CVX)  More Company Research Source: Yahoo! Finance
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
requested an extension for the Petropiar joint venture, situated in the Orinoco Belt. This region is renowned as Venezuela's largest oil-producing area, yielding significant crude oil outputs crucial to both companies' strategic interests. Current Production and Partnership Details Currently, CVX and PDVSA operate four joint ventures across Venezuela, collectively producing approximately 200,000 barrels per day (bpd) of crude oil. The Petropiar joint venture is the country's highest-producing partnership, supporting Venezuela's oil export capabilities. Extension Details and Operational Plans According to Venezuela's deputy oil minister, Elianny Palencia, the proposed extension for Petropiar spans the period from 2033 to 2047. This extension is expected to ramp up crude production significantly, targeting an increase from the current 110,000 bpd to 150,000 bpd. The strategic plan includes an ambitious initiative to drill up to 386 new wells in the Orinoco Belt, according to o [Read more]
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Stockreport

Chevron (CVX), PDVSA Seek 15-Year Extension for Oil Venture [Yahoo! Finance]

Chevron Corporation  (CVX) 
More Company Research Source: Yahoo! Finance
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
requested an extension for the Petropiar joint venture, situated in the Orinoco Belt. This region is renowned as Venezuela's largest oil-producing area, yielding significant crude oil outputs crucial to both companies' strategic interests. Current Production and Partnership Details Currently, CVX and PDVSA operate four joint ventures across Venezuela, collectively producing approximately 200,000 barrels per day (bpd) of crude oil. The Petropiar joint venture is the country's highest-producing partnership, supporting Venezuela's oil export capabilities. Extension Details and Operational Plans According to Venezuela's deputy oil minister, Elianny Palencia, the proposed extension for Petropiar spans the period from 2033 to 2047. This extension is expected to ramp up crude production significantly, targeting an increase from the current 110,000 bpd to 150,000 bpd. The strategic plan includes an ambitious initiative to drill up to 386 new wells in the Orinoco Belt, according to o [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CVX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS