Chevron Corporation Begins Nigeria Production

Chevron Corporation (NYSE:CVX) has started oil production at its Usan field in Nigeria.

Chevron Corporation Begins Nigeria Production

The Nigerian subsidiary unit of the oil giant Chevron Corporation (NYSE:CVX) has confirmed first production from the deepwater offshore Usan project in Nigeria.

Chevron Corporation (NYSE:CVX) Vice Chairman George Kirkland said, “Usan represents an important milestone in progressing Chevron’s queue of major capital projects. Usan represents an important milestone in progressing Chevron Corporation (NYSE:CVX)’s queue of major capital projects. The project demonstrates our growth in West Africa, which is a leading global resource basin.”

Chevron Corp. (NYSE:CVX) shares were at 109.08 at the end of the last day’s trading. There’s been a 18.2% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.5
Zack’s Rank: 4 out of 18 in the industry