Bet_Noire/iStock by way of Getty Photos
- Venezuela and Guyana’s border dispute isn’t more likely to escalate right into a navy battle amid the hostile statements by the South American nations, Chevron’s (NYSE:CVX) chief govt stated Monday.
- As a substitute of armed battle, “this stuff are far more typically resolved by means of dialogue, negotiation and compromise,” Chief Government Officer Mike Wirth stated at an occasion hosted by the Council on International Relations in Washington, Bloomberg Information reported.
- The corporate is keeping track of the area, Wirth stated.
- Chevron (CVX) is the one U.S. oil main withs operations in Venezuela. The corporate this 12 months agreed to amass Hess (HES) for $53 billion. A accomplished deal will give Chevron (CVX) a 30% stake in Guyana’s offshore oil growth.