Chevron Canada Successfully Concludes Alberta Exploration and 2 Other Dow Movers to Watch
Chevron Corp. (NYSE:CVX): Current price $120.53
On Friday, Chevron reported the successful conclusion of the initial exploration phase by its Canadian subsidiary, Chevron Canada Ltd., in the Kaybob area of the Duvernay play in west-central Alberta. The company completed the initial twelve well exploration drilling program in the liquids-rich portion of the Duvernay shale play. Five wells have are now finished and are connected with output facilities, and an additional four wells are waiting on completion and linkage.
McDonald’s Corp. (NYSE:MCD): Current price $94.75
A video recording of a McDonald’s employee’s phone call to the McResource help line has been posted by a labor activist group. “Nancy” works in a McDonald’s in Chicago, has been there 10 years, and has never has a raise above the $8.25 per hour she receives, said the video. In the call, she is advised that she would very likely be eligible for food stamps and Medicaid. Then, when she asks for assistance in feeding her two kids, she is told “You can ask about things like food pantries. Are you on SNAP? Snap is Supplemental Nutritional Assistance — Food Stamps.”
The Coca-Cola Co. (NYSE:KO): Current price $38.94
The number-one public bottler of Coca-Cola products on the planet, Coca-Cola FEMSA, S.A.B. de C.V, announced that its board has named John Santa María Otazua as chief executive effective January 1, 2014. Presently, Santa María is chief operating officer of the company’s South America Division, and succeeds Carlos Salazar Lomelín, who has been CEO since 2000.
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