XLE - What's Going On With Chevron Shares Premarket Thursday? | Benzinga
Chevron Corporation (NYSE:CVX) shares are trading higher today. QatarEnergy reportedly disclosed an agreement to acquire a 20% interest in an offshore block’s production-sharing contract in Suriname.
Chevron, the operator of offshore block 5 in Suriname, will maintain a 40% stake and Paradise Oil Company will hold the remaining 40% of the interest, reported Reuters.
Block 5, where QatarEnergy recently acquired a stake, is located offshore Suriname in shallow waters ranging from approximately 30 to 45 meters deep.
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