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Zacks News
Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, San Ramon, CA-based Chevron is fully integrated, meaning it participates in every aspect related to energy – from oil production, to refining and marketing. The company generates more than $146 billion in annual revenues and produces in excess of three million barrels per day of oil equivalent. Chevron currently churns out oil and natural gas at a 60/40 ratio. As of the end of 2019, the company had proved reserves of approximately 12.6 billion barrels of oil-equivalent. While the energy sector downturn since mid-2014 has significantly impacted Chevron’s stock price, it is still the 45-largest company in the S&P 500 Index. With its relatively low-risk energy business structure, robust financial health, and ample free cash flows, Chevron remains well positioned to navigate the weak oil and gas prices.
ExxonMobil Upstream Unit to Incur Q2 Loss, Refining to Take a Hit
by Zacks Equity Research
ExxonMobil (XOM) plans to slash 2020 capital spending and cash operating expenses to make up for the massive shortfall in cash flows, while managing to avoid any write-down so far.
Can Offshore Drilling Industry Weather the Coronavirus Storm?
by Sayantika Bhattacharya
The coronavirus-triggered oil price plunge and the slowdown in business activity spark the second wave of bankruptcy for offshore drilling companies.
The Zacks Analyst Blog Highlights: Visa, JPMorgan Chase, Bank of America, Chevron and Eli Lilly
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Visa, JPMorgan Chase, Bank of America, Chevron and Eli Lilly
Markets Book Best Quarterly Gains in 20 Years: 4 Stocks to Buy
by Zacks Equity Research
With the Dow and the S&P 500 booking their best quarterly performance since 1987, one could consider stepping into the markets again with an investment perspective.
Oil Wraps Up Best Quarter Since 1990: Where's it Headed Next?
by Nilanjan Choudhury
The stunning rally follows an unprecedented decline in April when WTI crude futures fell to an all-time low and even went negative for a while.
Coronavirus Takes a Toll on Shell Imposing $15-$22B Write-Offs
by Zacks Equity Research
Shell (RDS.A) expects second-quarter LNG liquefaction volumes to shrink to 8.1-8.5 million tonnes from its prior-year quarterly output of 8.66 million tonnes.
Chevron (CVX) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $89.23, marking a +1.78% move from the previous day.
BP to Divest Petrochemicals Business to INEOS for $5 Billion
by Zacks Equity Research
Through the latest asset sale, BP reaches the $15-billion divestment target a year ahead of schedule.
Oil & Gas Stock Roundup: Chesapeake's Bankruptcy, Eni's Renewable Push & More
by Nilanjan Choudhury
The long struggling shale pioneer Chesapeake Energy (CHK) filed for Chapter 11 bankruptcy protection, while Italy's Eni SpA (E) acquired three wind farm projects.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
Top Analyst Reports for Visa, JPMorgan & Bank of America
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Visa (V), JPMorgan Chase (JPM) and Bank of America (BAC).
Chevron Snaps Up Gas Sales Deal With BHP in Western Australia
by Zacks Equity Research
Chevron (CVX)-run Gorgon and Wheatstone natural gas facilities are expected to churn out 500 terajoules of domestic gas daily for the Western Australian market.
TOTAL (TOT) Boosts Output in Brazil With Second FPSO on Lara
by Zacks Equity Research
TOTAL's (TOT) oil output from Brazil is set to increase from the current level with the start-up of the second FPSO on Lara.
TOTAL Extends Deal With Sonatrach to Fortify LNG Portfolio
by Zacks Equity Research
TOTAL (TOT) expands its partnership with Sonatrach to supply liquefied natural gas in the French market. This move is in line with the company's motive to boost its LNG portfolio globally.
Is Big Oil Resilient Enough to Tackle the Oil Price Tumble?
by Sayantika Bhattacharya
Per Wood Mackenzie analysis, Chevron (CVX) and Royal Dutch Shell's (RDS.A) upstream portfolios are the most resilient at $30/barrel crude while ExxonMobil (XOM) is least resilient.
Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $91.44, marking a -0.16% move from the previous day.
Chevron Hunts Potential Buyer for North West Shelf LNG Sale
by Zacks Equity Research
Chevron's (CVX) share in the North West Shelf project is estimated between $3 billion and $4 billion, lower than the pre-pandemic price of $6 billion due to a dramatic plunge in LNG prices this year.
Williams Inks Tieback Deal With LLOG for Taggart Development
by Zacks Equity Research
Williams (WMB) will provide onshore gas treatment and processing services at its Devils Tower platform to aid the Taggart development.
EV Charging Space on a Roll: Plug in With Confidence
by Rimmi Singhi
The rapid rollout of hundreds of millions of public EV chargers across the world is likely to accelerate EV adoption by making the ownership experience more convenient.
Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $91.23 in the latest trading session, marking a -1.26% move from the prior day.
The Zacks Analyst Blog Highlights: UnitedHealth, Intel, Chevron, Cisco Systems and QUALCOMM
by Zacks Equity Research
The Zacks Analyst Blog Highlights: UnitedHealth, Intel, Chevron, Cisco Systems and QUALCOMM
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Occidental Petroleum, National Oilwell Varco and Apache
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Occidental Petroleum, National Oilwell Varco and Apache
Stock Market News for Jun 12, 2020
by Zacks Equity Research
Wall Street plunged on Thursday as market participants remained concern about the second wave of coronavirus infections.
Oil Market Sell-Off: 3 Factors that Explain the Latest Drop
by Nilanjan Choudhury
Bloated Inventories reflect that the oil market is not rebalancing as quickly as anticipated from the massive glut left by the coronavirus crisis.
Top Stock Research Reports for UnitedHealth, Intel & Chevron
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including UnitedHealth Group (UNH), Intel (INTC) and Chevron (CVX).