
Key facts: Chevron gains amid falling Brent prices; Texas well incident reported

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Chevron has gained slightly this year, even as Brent crude prices fell to $63. UBS sees Chevron as a top upstream player, predicting 10% annual free cash flow growth at $70 Brent.1Chevron faced a major incident in Texas, with a 100-foot saltwater eruption from an abandoned well. Despite plugging it, another nearby well is now leaking, indicating subsurface pressure issues.2
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