Chevron Corporation CVX, along with several other multinational energy firms, has exited its oil concession blocks in Egypt’s Red Sea region after failing to discover commercial oil or gas reserves.
Shares of Block (NYSE: SQ), Sea Limited (NYSE: SE), and StoneCo (NASDAQ: STNE) were soaring on Wednesday, up 11.4%, 10%, and 9.7%, respectively, as of this writing. While each of these companies is ...
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