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Chevron Says Hurricane Dolly Evacuation Won’t Affect Company’s Gulf Oil Production
Chevron Corp. (CVX) – the No. 2 U.S. oil company and the most-recent topic of Money Morning’s new “Buy, Sell or Hold” feature – said that a hurricane-induced evacuation of its personnel from the Gulf of Mexico should not hamper production.
Chevron on Monday said it was evacuating employees from its Gulf operations in advance of the arrival of Tropical Storm Dolly, which was upgraded to a full-blown hurricane late yesterday (Tuesday). But the evacuation of the Chevron workers hadn’t hampered oil production at that time, and the company didn’t think that it would, said Chevron spokeswoman Qiana Wilson, who declined to quantify…
23Jul2008 | Money Morning | Comments Off | Continued
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