Friday, October 29, 2010

Chevron looking for entry point for U.S. shale gas resources

"We’re not opposed to shale because it’s shale gas. What we have been trying to do is have a very cost-effective entry point, and we have not found that to be the case in the U.S. market. That’s not to say that that will never be the case, but we haven’t found it to be the case right now."

- Chevron CFO Patricia Yarrington, in a conference call on Oct. 29.

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