
Chevron Celebrates Big Victory in Fight With Exxon
Exxon, which operates and owns 45% of Guyana's offshore Stabroek Block, claimed it had a right of first refusal over the disposition of Hess's 30% stake. Acquiring Hess and its interest in Guyana significantly increases the quality of Chevron's oil assets beyond the Permian Basin of Texas and New Mexico, narrowing the gap with Exxon. 'This creates a premier international and oil and gas company,' declared Chevron Chief Executive Officer Mike Wirth. Meanwhile, some hedge funds are really cashing in on the deal.
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Miami Herald
an hour ago
- Miami Herald
Two lottery players win $1 million prizes on scratch-off tickets in Georgia
Two Georgia lottery players scratched their tickets to reveal life-changing prizes. The lucky players each won $1 million on scratch-off games, beating great odds to snag the top prizes, the Georgia Lottery said in a July 29 news release. An Axson resident claimed their winnings July 28 after hitting the jackpot on a $30 Millionaire Maker scratcher game sold at Guthrie's Food Mart in Willacoochee, officials said. The winner chose the lump sum option, taking home $505,685 after taxes. The second player, from Decatur, turned their $10 Lucky 7 Multiplier into a seven-figure prize. They bought the winning scratch-off at a Chevron station in Decatur and claimed their prize July 28, the lottery said. Additional information wasn't immediately available. In all, Georgia lottery players won $41,347,129 in prizes on scratch-off games last week, officials said. Winners in Georgia have 90 days to claim prizes on instant tickets and are encouraged to come forward 'soon after purchasing them,' the lottery's website says.

Miami Herald
2 hours ago
- Miami Herald
Several oil companies await U.S. licenses to resume Venezuela operations
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Yahoo
2 hours ago
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Jim Cramer Says He Expects 'Chevron to Raise Numbers'
Chevron Corporation (NYSE:CVX) is one of the stocks in Jim Cramer's game plan this week. Cramer discussed the company in light of its legal battle with Exxon, and commented: 'Alright then, to wrap things up, we have Exxon and Chevron reporting. With Chevron coming right off its legal victory against Exxon, I regard it as a victory, a victory that let them buy Hess, I expect Chevron to raise numbers, especially now that the president's allowed it to restart pumping in Venezuela.' Photo by Luis Ramirez on Unsplash Chevron (NYSE:CVX) is an integrated energy company involved in the exploration, production, transportation, refining, and marketing of oil, natural gas, and petrochemicals. The company is also involved in renewable fuels, carbon capture, and the manufacturing of industrial additives and plastics. On July 8, a caller asked about the company, and noted its rising dividends and progress toward finalizing the Hess acquisition. Cramer responded: 'You were totally right. I've gotta tell you, they get that Hess deal closed, and you must own the stock. You know, Jeff and I have been talking… Jeff Marks, trying to figure out the energy sector. I think you're onto something. Chevron will be a winner. Mike is a winner. I like your call…' While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.