Chevron Negotiates Stake in Major Iraqi Oilfield
Chevron is negotiating a stake in the West Qurna 2 oilfield in Iraq, one of the world's most oil-rich fields. The company also has rights to another major Iraqi field, which could serve as long-term catalysts for Chevron's stock. The ongoing conflict in the Middle East has been driving up oil prices and benefiting the energy sector.
Tickers: $CVX
Topics: Chevron energy sector Iraq M&A Middle East conflict oil production