12/24/2019, 5:42 PM (Source: TeleTrader)
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Chart for: Chevron Corporation

Nigeria's oil firm to raise stake in Chevron plant

Nigerian National Petroleum Corporation (NNPC) stated on Tuesday it plans to triple its stake in a gas-to-liquid refinery operated by the American energy corporation Chevron, from its 20% existing ownership of the refinery.

On the other hand, Chevron is apparently more focused on its projects in the United States, as the company is trying to sell its stakes in their Nigeria-based businesses, Oil Mining Leases 86 and 88.

Chevron stocks traded 0.10% higher or $120.46 per share at 11:26 am ET.

Breaking the News / ND