Chevron Strikes Oil in Mexico and 4 Stocks At 52-Week Highs

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

Chevron Corporation (NYSE:CVX): Closing price $120.18

The deepwater oil exploration and production firm in the Gulf of MexicoVenari Resources reported a major find at its Coronado prospect. The Coronado discovery, which spud on June 1, 2012, met in excess of 400 feet of net oil pay, and was drilled to a total depth of 31,866 feet in 6,127 feet of water, is around six miles from Venari’s Shenandoah discovery, which was previously announced on March 19. Venari holds a 10 percent working interest in Coronado. Venari and its co-owners, including Chevron Corporation, as operator with a 40 percent share, ConocoPhillips (NYSE:COP) with a 35 percent share and Anadarko Petroleum Corporation (NYSE:APC) with a 15 percent interest, are evaluating the well results to calculate the full measure of the recoverable resource. Shares closed down 0.83 percent on Monday at $120.18, and have been traded in a 52-week range of $95.73 to $121.40.

The stock market is at 5-year highs! Discover the best stocks to buy in today’s market. CLICK HERE for Your Stock Investor Cheat Sheet NOW!

 

CVX

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