Chevron-backed TCO sends first oil shipment to Germany via Russia, opening new export route.

From Yahoo Finance: 2025-06-28 13:24:00

Chevron-backed Tengizchevroil (TCO) completes first oil shipment to Germany via Russia’s Druzhba pipeline, delivering 100,000 metric tons. This move opens a new export route to European markets as Kazakhstan increases production from Tengiz oilfield. Chevron holds a 50% stake in TCO, deepening its involvement in Eurasian energy logistics.

Chevron Corporation (CVX) is a global energy company focusing on oil and gas exploration, production, refining, and marketing. It also invests in renewable energy sources and lower-carbon solutions. While CVX is seen as a potential investment, certain AI stocks offer greater upside potential with less downside risk.

For those interested in AI stocks with significant potential, explore the free report on the best short-term AI stock. Chevron Corporation (NYSE:CVX) is involved in energy exploration, production, and marketing, with a recent milestone in the oil shipment industry.



Read more at Yahoo Finance: Chevron (CVX)-Backed TCO Sends First Oil Shipment to Germany via Russia