Abdul Rahman
1 min read
In This Article:
Chevron Corporation (NYSE:CVX) is one of Goldman Sachs’ top energy stock picks. On June 27, Chevron-backed Tengizchevroil (TCO) completed its first-ever oil shipment to Germany via Russia’s Druzhba pipeline, delivering 100,000 metric tons. This milestone opens a new export route to European markets as Kazakhstan ramps up production from its massive Tengiz oilfield.
Photo by Luis Ramirez on Unsplash
Chevron holds a 50% stake in TCO, making it the lead partner in the consortium alongside ExxonMobil, KazMunayGaz, and Lukoil. The move signals Chevron’s deepening involvement in Eurasian energy logistics, leveraging existing infrastructure to tap new markets and support rising output from the Tengiz field.
Chevron Corporation (NYSE:CVX) is a global energy company primarily involved in the exploration, production, refining, and marketing of oil and natural gas. It also invests in renewable energy sources and develops lower-carbon solutions.
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Disclosure: None.
