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(Image from article: "Chevron Turns To Solar Energy For Oil Recovery, Stock Heading To $104")

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Chevron Turns To Solar Energy For Oil Recovery, Stock Heading To $104

Chevron Turns To Solar Energy For Oil Recovery, Stock Heading To $104

Chevron Technology Ventures demonstrated the use of solar power to boil water into steam using around 7,600 mirrors to concentrate the sun's energy over a solar boiler. We have a $104 price estimate for Chevron, which implies a 14% premium over its current stock price.

 

Chevron, BofA Push Stocks Higher

U.S. stocks gained, as rising commodity prices boosted energy stocks, concerns about European governments' debt loads eased and data showed a brightening outlook for New York area manufacturing.

 

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