Chevron will also acquire a 50-percent stake in the proposed Pacific Trail Pipelines project and 644,000 acres of drilling rights in British Columbia's Horn River and Liard basins, according to a statement from the company.Chevron will be a 50-50 partner in Kitimat with Apache (NYSE:APA) and will operate the LNG terminal and pipeline.
Oil Market Update (December 27, 2012)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.