A few days back, Chevron
Corp. ’s Pennsylvania natural gas well has been caught on fire, leading to
a person getting burnt and another missing. The fire is estimated to continue
till all the reserves burned up. Alternatively such method may be devised to
put it off through smothering. Quality tests are still to be conducted to
assess the real pollution rates caused to the environment as a result of this
event, which may ultimately come down a huge amount being paid, if the natural
impact is calculated as high as per the claims of sites showing CVX stock news.
The concept of alternate and renewable energy is still
a few years ahead from being accepted and adopted widely; such a solution will
always have substantial negative imprints on the oil and gas industry. On one
hand, the recent fall in oil prices has made energy cheaper once again, it has
also raised questions on the economics of the renewable energy, and on the
other hand, governments are seen to be supporting and making grants to the
development and implementation of renewable energy on the global concerns of
climatic change.
These developments have led to a falling price of CVX stock. The CVX stock quote for today shows that its stock price is $124.72 with an average change of 0.18%. If you want to know more about the company, then visit Bidnessetc.com ~ Chevron’s company page.
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