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StockWatch: Oil Majors Withdraw from Myanmar Project!

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Oil majors Chevron Corp along with Royal Dutch Shell are withdrawing from Myanmar.

Myanmar has been in turmoil since the army overthrew the elected government last February.

The venture that the oil firms signed up for now seems like a thing of the past, as stocks look to be shaken up after the recent announcement.

Timestamps:

  • XOM 01:50
  • CVX 03:25
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