Observers say an Argentine's court decision last week to uphold a $19B embargo against Chevron's...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Observers say an Argentine's court decision last week to uphold a $19B embargo against Chevron's (CVX) local subsidiary makes it unlikely the company will pour money into the country. CVX's agreement to team with Argentina's YPF to invest ~$1B to explore the Vaca Muerta shale formation, with the prospect of $15B in investments in coming years, now seems doubtful.