Chevron Bows to Opposition to Drilling in Romania and 2 Other Dow Movers to Watch
Chevron Corp. (NYSE:CVX): Current price $119.93
Chevron has suspended its exploration for shale gas at a site in eastern Romania in reaction to opposition from local residents. Earlier in 2013, the energy major won approval to drill exploratory wells in the eastern county of Vaslui and also has rights to search in three blocks close to the Black Sea. However, in recent months thousands of people have rallied throughout Romania to oppose government backing for shale gas exploration and its plans to establish Europe’s biggest open cast gold mine in a small Carpathian town.