Chevron Expands Kurdish Oil Exploration and 2 Other Dow Movers to Watch
Chevron Corporation (NYSE:CVX): Current price $121.52
Chevron announced that it has reached a deal with the Kurdish regional government in Iraq, through which to expand its oil exploration territory in the northern self-rule region. In a statement that was emailed on Tuesday, the oil major revealed that it bought the rights to search in the Qara Dagh exploration block, which lies southeast of the regional capital of Irbil. In 2012, Chevron became the second American oil giant after Exxon Mobil to obtain an energy exploration deal with the Kurds, signing up for two exploration blocks north of Irbil. Financials of the transaction terms were not disclosed.
AT&T (NYSE:T): Current price $36.17
The City of Memphis is introducing a mobility solution from AT&T and Xora in order to help improve the safety of city workers, and lower the excessive man-hours of redundant paperwork, as it enacts programs to reconfigure neglected areas of the city and also manage code violations more efficiently. Subsequent to the death of an employee on the job and reports of citizens violating ordinances, Memphis attempted to improve zoning regulation enforcement, neighborhood clean-up projects, and visibility into the location of city workers. It is hoped that Xora’s StreetSmart application, which runs on the AT&T network, will help the city eliminate numerous man-hours lost to redundant, formerly paper-based processes that usually accompany its urban restoration programs, while also supplying features that allow Memphis to keep better data on worker location and movement.
3M Company (NYSE:MMM): Current price $112.97
3M Company’s 3M Health Information Systems unit has recently debuted an easily installed and user-friendly Computer Assisted Coding solution for rural and community-based hospitals. The full CAC software application is an add-on module to the 3M Coding and Reimbursement System, and is employed in more than 5,000 healthcare organizations worldwide, and should be released by fourth quarter. The rural and community-based hospitals will benefit from the CAC solution, as it reduces the necessity for interfaces to electronic documentation sources, thus making clinical documentation easier.
Don’t Miss: 5 Dividend Stocks Approved By Warren Buffett.