Chevron Plays Exploration Investment and 2 Dow Movers Attract Attention

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Exxon Mobil Corporation (NYSE:XOM) forecasts in its latest long-term energy outlook to that North America will be a net energy exporter by 2025 because of a surge in oil and gas output and fast improvements in energy efficiency, according to the Wall Street Journal.

Are you worried about the Fiscal Cliff? Click here to get our Gold & Silver Premium Newsletter OVER 50% OFF now!

The Boeing Company’s (NYSE:BA) new 787 planes experienced a couple unfavorable developments last week, says The New York Times. An electric generator on one of the planes failed during a flight, and now the Federal Aviation Administration warns that all 787s could develop fuel leaks and fires. However, aviation experts consider these issues to be “minor hiccups.”

Chevron Corporation (NYSE:CVX) readies an investment of $33 billion on exploration and production activities, which include major natural gas-related projects in Nigeria and five other countries, as part of its $36.7 billion capital and exploratory investment program for next year. The firm reported in a recent statement that notable major capital investments for 2013 include developments in the United States deep-water Gulf of Mexico, Kazakhstan , Australia, Nigeria, Angola and the Republic of Congo.

Investing Insights: Would You Like to Play Russian Roulette with Molycorp’s Stock?


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business