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Bloomberg Economist: ‘This Was All About Oil' and Compares Chevron's Venezuela Deal to 1953 Iran Coup

Source: 247wallst.com

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Bloomberg Economist: ‘This Was All About Oil' and Compares Chevron's Venezuela Deal to 1953 Iran Coup

Chevron shares pushed to a 52-week high above $214 on the back of a $7B Venezuela expansion. The piece cautions that investors may move on quickly from major deal news, implying limited durability of the initial price reaction absent new fundamentals or guidance updates.

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