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Friday, June 10, 2011

Chevron Interested in Arctic Exploration Deal With Russia's Rosneft

- Chevron Interested in Arctic Exploration Deal With Russia's Rosneft



Jun 10, 2011

Shares of Chevron (NYSE:CVX) are down after OAO Rosneft Chief Executive Eduard Khudainatov told Bloomberg that the oil major is interested in working with his company off the Russian Arctic coast.

BP (NYSE:BP) had been in a similar deal with Rosneft until the deal fell apart earlier this year.

Chevron shares are down 1.34%, or $1.37, to $99.83.

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