Chevron Puerto Rico Facility on Fire After Explosions (CVX)
Fri. October 23, 2009; Posted: 11:58 AM
Oct 23, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/23/2009 - Firefighters are battling a blaze at Chevron's (NYSE:CVX) refinery and tank farm at Bayamon, Puerto Rico after two explosions occurred at the site today, according to a Bloomberg report. There is currently no explanation for the cause of the initial explosions, which occurred at about 12:30 a.m. local time according to a representative of the local Guaynabo police force. At least 11 tanks are on fire, and teams are working hard to prevent the remaining 22 from exploding. Shares of Chevron fell 1% in midday Friday trading.
Write to Chip Brian at cbrian@tradethetrend.com
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