Market Chatter: Chevron Argentina Subsidiary Fights Embargo With Ad; Shares Edge Up

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Upstreamonline is reporting that Chevron's ( CVX ) Argentina subsidiary said Thursday its operations in the country have been compromised by an embargo related to a decades-old legal dispute in Ecuador.

In a full-page ad placed in Argentina's leading newspapers, Chevron Argentina said the claims against it have no legal foundation and that the embargo of its local assets will have broader consequences for the entire country, according to Dow Jones, the report stated.

CVX shares are up 0.3% at $105.90.



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This article appears in: Investing , Commodities

Referenced Stocks: CVX

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