Chevron Corporation (NYSE:CVX) has entered into a new deal to jointly drill oil exploration wells in Canada.

Chevron Corporation (NYSE:CVX) To Drill In Canada

Partnering with Statoil and Repsol, the US based Chevron Corporation (NYSE:CVX) will explore for oil and natural gas in exploration wells off Canada’s Arctic and Atlantic coasts.

Chevron Corporation (NYSE:CVX) will be controlling 65% of the project.

Beside this, the companies will also cooperate on drilling wells in the Flemish Pass Basin, while Chevron Corporation (NYSE:CVX) and Statoil will cooperate in the Beaufort Sea.

Chevron Corp. (NYSE:CVX) shares are currently standing at 104.13.

Price History
Last Price: 104.13
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 103.69
6 Month Price Change %: 0.3%
12 Month Price Change %: 13.5%