3 Energy Stock Stories To Fuel Tuesday Investment Chatter

Chevron Corporation (NYSE:CVX): Closing price $117.29

Reuters is reporting that the United States Chemical Safety Board has issued an urgent recommendation to the corporation to examine the risk of continuing damage to pipes and equipment, at its six domestic refineries, in order to avert an explosion such as occurred on August 6 of last year, at its San Francisco Bay area facility.

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CVX

Petrobras (NYSE:PBR): Closing price $16.04

The state-controlled company has reached an agreement with FMC Technologies (NYSE:FTI), through which to supply subsea services for its offshore-Brazil fields. Through the terms, FMC will provide the commissioning of equipment, along with offshore tech services, and also maintenance, modification, logistics and storage for Petrobras’ subsea fields.

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PBR

BP (NYSE:BP): Closing price $41.16

Financial Times says that BP will have an opportunity in court to present its case that the Deepwater Horizon incident was not entirely its fault, nor was it from gross negligence or deliberate misconduct. Rather than trying to absolve itself of any guilt, the British oil super-major will contend that its errors did not sum to negligence, and there was enough blame to go around, when other companies’ actions involved are taken into consideration.

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BP

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