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Oil giant Chevron said it will purchase as much as $1 billion of its common stock in the fourth quarter — a move its CFO chalks up to “ongoing capital discipline and strong cash flows.”
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Iraq raised its level of proven oil reserves by 24% in the first revision since Saddam Hussein was toppled from power.
The country has 143.1 billion barrels of known and extractible oil, compared with 115 billion barrels at the end of Saddam Hussein’s reign, BBC News reported
That means Iraq has more proven reserves than neighbor Iran.
In the final years of Hussein’s reign, UN…
Continue reading Iraq Raises Proven Oil Reserves 24%
Iraq Raises Proven Oil Reserves 24% originally appeared on DailyFinance on Mon, 04 Oct 2010 08:55:00.
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