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Chevron (CVX) Drilling Suspended in Brazil, Shares Falling

November 23, 2011 3:24 PM EST
Shares of Chevron (NYSE: CVX) have dipped well below $95 as ANP is reporting the company has been blocked from drilling in Brazil. Drilling at Frade has been suspended while regulators probe the spill.

Officials are saying "negligence" contributed to the spill.


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