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Three Dead, Six Hurt In Venezuela Oil Barge Explosion [Barron's]

Chevron Corporation (CVX)  More Company Research Source: Barrons
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The explosion, whose cause is unknown, occurred at dawn, the company's security division said in a statement. The barge was operated by a PDVSA subcontractor working on well maintenance near the border with Colombia. Six months ago, two people died and four others were declared missing after the sinking of another barge of the same company on Lake Maracaibo. The PDVSA had attributed that incident to "poor weather conditions." Lake Maracaibo, the largest in South America, was once the cradle of the Venezuelan oil industry. Its facilities today are run-down due to years of mismanagement, corruption, a lack of investment, and the oil embargo imposed by the United States. Venezuela's oil production, which exceeded three million barrels per day (bpd) 25 years ago, is about one million bpd today, having fallen to less than 300,000 at its worst. The country holds the largest oil reserves in the world. US President Donald Trump said Monday he would levy a 25 percent tariff on [Read more]
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Stockreport

Three Dead, Six Hurt In Venezuela Oil Barge Explosion [Barron's]

Chevron Corporation  (CVX) 
More Company Research Source: Barrons
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The explosion, whose cause is unknown, occurred at dawn, the company's security division said in a statement. The barge was operated by a PDVSA subcontractor working on well maintenance near the border with Colombia. Six months ago, two people died and four others were declared missing after the sinking of another barge of the same company on Lake Maracaibo. The PDVSA had attributed that incident to "poor weather conditions." Lake Maracaibo, the largest in South America, was once the cradle of the Venezuelan oil industry. Its facilities today are run-down due to years of mismanagement, corruption, a lack of investment, and the oil embargo imposed by the United States. Venezuela's oil production, which exceeded three million barrels per day (bpd) 25 years ago, is about one million bpd today, having fallen to less than 300,000 at its worst. The country holds the largest oil reserves in the world. US President Donald Trump said Monday he would levy a 25 percent tariff on [Read more]
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LAST PRICE AT
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SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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TIME AND VELOCITY ANALYSIS