Key facts: Chevron gains amid falling Brent prices; well blowout update
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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 did not own the well that blew out near Tubbs Corner, Texas, in 2022; it plugged the well at the Railroad Commission's request.2
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