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Chevron Corporation (NYSE:CVX): Current price $114.52
On Thursday, the environment minister of Romania said that Chevron is close to starting the exploration for shale gas in the eastern part of the country near the border with Moldova, but still requires at least two more permits before it can begin drilling. Local authorities in Vaslui, where Chevron has a 1.6 million acre concession, have allowed the company planning permits for three shale gas exploration wells, but the government says that, “This document does not confer the right to carry out works. We are talking about exploration, not exploitation, and we are in the first phase of assessing an environment permit.”
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