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Chevron Corporation (CVX) Stock: Surge as Equinor Buys 17.4% Stake in Namibia Oil Block
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Chevron Corporation (CVX) Stock: Surge as Equinor Buys 17.4% Stake in Namibia Oil Block
TLDR Chevron stock rises 1.18% to $205.09 following Equinor’s Namibia stake deal. Equinor acquires a 17.4% interest in Chevron-operated PEL 90 offshore Namibia. The acquisition gives Equinor its first upstream oil and gas position in Namibia. Chevron remains operator of PEL 90 as partners prepare to drill during 2026. Namibia’s Orange Basin continues attracting major global energy companies. Chevron Corporation (CVX ) stock gained Tuesday as…
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