Energean Breaks Into West Africa as Chevron Sells Angola Offshore for $260M

Chevron (CVX) is reportedly moving to divest its equity stakes in Angolan offshore Blocks 14 and 14K. The transaction, valued at $260 million, involves a sale to Energean, an acquisition that would notably mark Energean's entry into the West African offshore oil sector.

Chevron (CVX) currently holds an RS Score of 72.82, placing it in the 60.45th percentile both within its country and sector. A review of its underlying metrics indicates that its Valuation (76.23), Growth (58.11), Profitability (77.74), Momentum (53.16), and EPS Revisions (69.00) scores are all below the 80-point threshold. Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.