Chevron Corporation (NYSE:CVX) has started drilling its first gas project in Poland.
The Polish subsidiary of Chevron Corporation (NYSE:CVX) has begun exploratory drilling of its first shale gas exploration in the south-eastern region of the country.
John Claussen, Chevron Corporation (NYSE:CVX)’s country manager for Poland said, “Geological estimates suggest Poland may have substantial undiscovered natural gas resources from shale. While we still have a significant evaluation program to complete before we can fully assess the potential in our license areas, we are optimistic about our opportunity here.”
Chevron Corp. (NYSE:CVX) stocks were at 104.54 at the end of the last day’s trading. There’s been a 1.7% change in the stock price over the past 3 months.
Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.53
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.61
Zack’s Rank: 3 out of 19 in the industry