U.S. energy behemoth
) has dismissed protests from the Occupy Chevron (Poland) group
that seeks to stop the company from exploring natural gas in
Zurawlow, Poland. Chevron has asserted that it already has the
license to explore the site.
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Occupy Chevron is a group in Zurawlow, which has been occupying
the shale-gas field since Jun 3, 2013. The group intends to drive
Chevron out of the locality.
Chevron believes that Poland is a key place for exploring natural
gas. However, Canadian energy explorer,
Talisman Energy Inc.
) has wound up their business from Poland, while leading
integrated oil and gas firm,
Marathon Oil Corporation
) is finding its way to exit.
San Ramon, Calif.-based Chevron is one of the largest publicly
traded oil and gas companies in the world, based on proved
reserves. The company divides its operations into two main
segments: Upstream and Downstream. Chevron's current oil and gas
development project pipeline is among the best in the industry -
targeting volume growth of 25% by 2017.
However, as Chevron conducts operations in many countries, the
company is exposed to risks associated with doing business
abroad. Such risks include embargoes and/or expropriation of
assets, exchange rate risks, terrorism and political/civil
Chevron currently retains a Zacks Rank #3 (Hold), implying that
it is expected to perform in line with the broader U.S. equity
market over the next 1 to 3 months.
Meanwhile, one can look at
Ferrellgas Partners LP
) as a good buying option. The energy stock - sporting a Zacks
Rank #1 (Strong Buy) - has solid secular growth stories with the
potential to rise significantly from the current levels.