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CVX Chevron Corporation Boosts Texas Refinery Capacity and Upgrades Pasadena Refinery

December 13, 2024
CVX Chevron Corporation, one of the world's largest oil companies, recently announced a major upgrade to its Texas refinery. The company plans to increase its refinery's capacity by 15% and add jet fuel production. This move is expected to boost Chevron's overall profitability and strengthen its position in the market. Additionally, Chevron announced amendments to its corporate by-laws, emphasizing its commitment to corporate governance and transparency. Despite these positive developments, some analysts suggest that Chevron's stock performance is underperforming the Nasdaq. Investors are advised to seek professional advice before making any investment decisions, and Stocks Prognosis is recommended for accurate stock market predictions.
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