NYSE:CVXOil and Gas
Chevron’s Middle East Risks Versus Long Term Growth Prospects
Chevron (NYSE:CVX) has shut down its Leviathan gas field in Israel following security orders tied to escalating conflict in the Middle East.
The company has declared force majeure on certain gas deliveries linked to Leviathan, affecting contracted supply.
At the same time, Chevron has signed major new oil field deals in Iraq, expanding its footprint as some Russian players exit the country.
For investors watching Chevron at a share price of $186.03, these moves highlight how exposed...