Friday, September 20, 2024
HomeUs NewsExxon, Chevron Invest in the West as Global Conflicts Increase

Exxon, Chevron Invest in the West as Global Conflicts Increase

Published on

spot_img



As the world becomes more dangerous, the two largest Western crude producers are focusing their investments closer to home.

Chevron on Monday said that it was acquiring Hess in a $53 billion deal that gives it access to one of this century’s biggest oil finds in the South American country of Guyana and allows it to double down on shale by expanding its presence to North Dakota. Both regions are established oil producers with limited geopolitical tensions, affording Chevron new reserves with fewer risks.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

See also  Apple Is the World's First $3 Trillion Company

Latest articles

From Latin American Cultural Fair to ‘Faith and Blue’ resource fair – San Diego Union-Tribune

BONITA Bonitafest kicks off with parade The 52nd annual Bonitafest kicks off at 6 p.m....

Decades of national suicide prevention policies haven't slowed the deaths

Three national suicide prevention strategies have been rolled out since 2001, including one...

Israeli soldiers observed pushing bodies off roofs in West Bank

By Julie Frankel and Majdi Mohammed | Associated PressQABATIYA, West Bank — Israeli...

‘Squid Game’ season 2 teaser sees Lee Jung-jae back in the game

It's on. Again. Seong Gi-hun (played by Lee Jung-jae) once again competes...

More like this

From Latin American Cultural Fair to ‘Faith and Blue’ resource fair – San Diego Union-Tribune

BONITA Bonitafest kicks off with parade The 52nd annual Bonitafest kicks off at 6 p.m....

Decades of national suicide prevention policies haven't slowed the deaths

Three national suicide prevention strategies have been rolled out since 2001, including one...

Israeli soldiers observed pushing bodies off roofs in West Bank

By Julie Frankel and Majdi Mohammed | Associated PressQABATIYA, West Bank — Israeli...