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Exxon and Chevron invest in the West as global conflicts intensify
Exxon and Chevron invest in the West as global conflicts intensify
As the world becomes more and more dangerous, the two largest Western crude producers are focusing their investments closer to home.
Chevron On Monday, it announced the acquisition Hesse in a $53 billion deal that gives it access to one of the biggest oil discoveries of this century in the South American country of Guyana and allows it to double down on shale by expanding its presence in North Dakota. Both regions are established oil producers with limited geopolitical tensions, offering Chevron new reserves with less risk.
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