Chevron Is Expanding Its Presence in the Mediterranean. Here's What It Means for CVX Stock.

Key Points The company already has a presence in the Eastern Mediterranean. Oil prices are expected to remain elevated and help boost results. 10 stocks we like better than Chevron › Last month, I wrote about how Chevron (NYSE: CVX) is well-positioned to benefit from the U.S. deal with Venezuela to develop some 65 billion barrels of that country's enormous proven oil reserves. But there's another region Chevron is moving into, which I think will also eventually help the stock. This week brought preliminary reports that the Houston-based oil and gas giant plans to begin seismic research in waters off Greece later this year, expanding its offshore exploration footprint in the Eastern Mediterranean. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.