Here’s a round-up of Chevron Corp. (NYSE:CVX) stock briefings from this week. Chevron Corp. (NYSE:CVX) shares ended the week at 93.78 (as of 1/21/2011).
Weekly News Roundup: Chevron Corporation (NYSE:CVX)
Monday 17 January
Chevron Corporation (NYSE:CVX) has requested an extension on its Sumatra drilling rights.
The company said in a statement made yesterday that it has started talks with the government of Indonesia on the extension of drilling rights on a Southern Sumatra block where the license will be expired in 2013.
Gareth Johnstone, a Chevron Corporation (NYSE:CVX) spokesman based in Singapore, said, “The Siak Block is a crucial part of Chevron’s Sumatra integrated operations, including supporting production from the Rokan Block.”
Thursday 20 January
Chevron Corporation (NYSE:CVX)’s permit request for additional ship berths has been approved.
It was reported that the permit request of Chevron Corporation (NYSE:CVX) has been approved by the Mississippi Commission on Marine Resources.
Steve Renfroe, A Chevron Corporation (NYSE:CVX) refinery spokesman said that, “We are still working toward the final investment decisions from Chevron Corporation before we can move forward.”
According to the spokesman, the approval is considered as the final permit on the project.
We will be monitoring the Chevron Corp. stock level for changes over the next few weeks.
