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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.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Equinor and Royal Dutch Shell
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Equinor and Royal Dutch Shell
4 Reasons Why U.S. Oil Prices Moved 9% Higher on May 14
by Nilanjan Choudhury
On Thursday, WTI crude futures marked their highest finish since Apr 3.
Here's What the EIA's Latest Crude Inventory Report Revealed
by Nilanjan Choudhury
U.S. government data revealing the first decline in domestic crude supplies in 16 weeks.
Williams (WMB) Clinches Deepwater Anchor Transportation Deal
by Zacks Equity Research
Williams (WMB) secures a transportation pact to supply natural gas from the massive Anchor field in the deepwater Gulf of Mexico to the Discovery system.
Shell Cuts Dividend, Will Other Big Oil Firms Follow Suit?
by Nilanjan Choudhury
We have analyzed three major integrated companies - ExxonMobil (XOM), Chevron (CVX) and BP plc (BP) - to get a view on dividend cut.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell, Equinor and ConocoPhillips
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell, Equinor and ConocoPhillips
Plains All American (PAA) Q1 Earnings Beat Estimates, Down Y/Y
by Zacks Equity Research
Plains All American's (PAA) first-quarter 2020 revenues decline on a year-over-year basis.
Oil & Gas Stock Roundup: Exxon & Chevron's Q1 Earnings, Shell's Historic Dividend Cut
by Nilanjan Choudhury
ExxonMobil (XOM) and Chevron (CVX) said that they would keep paying shareholders a quarterly dividend but Royal Dutch Shell (RDS.A) had to slash payout to weather the oil market crash.
Stock Market News for May 6, 2020
by Zacks Equity Research
Benchmarks ended higher on Tuesday after healthcare stocks jumped on reports of progress in coronavirus vaccine.
Oil's Best Streak for First Time Since July: ETF & Stock Winners
by Sanghamitra Saha
Oil prices rebounded considerably after the mid-April crash. These ETFs and stocks have been the foremost beneficiaries on the bounce in the energy sector.
TOTAL (TOT) Tops Q1 Earnings Estimates, Cuts '20 Output View
by Zacks Equity Research
TOTAL's (TOT) first-quarter earnings surpass estimates. The company lowers its guidance for 2020 production volumes, taking into account reduced demand as a result of the novel coronavirus outbreak.
Oil & Gas Stock Q1 Earnings Roster for May 6: PXD, APA & More
by Nilanjan Banerjee
Weak commodity prices are likely to have hurt energy firms in Q1.
Stock Market News for May 5, 2020
by Zacks Equity Research
Benchmarks made a dramatic turnaround on Monday to end in the green following gains among tech and energy shares.
Stock Market News for May 4, 2020
by Zacks Equity Research
Benchmarks closed in the red on Friday as investors got disappointed with earnings from big tech companies.
Earnings Data Deluge
by Zacks Equity Research
Earnings Data Deluge.
Quarterly Earnings Beats for Exxon, Clorox, AbbVie & More
by Mark Vickery
Where we find our good news this hour is in quarterly earnings season, where these five big-name companies all outperformed expectations.
Chevron (CVX) Q1 Earnings Beat, Slashes Spending Further
by Zacks Equity Research
Chevron's (CVX) first-quarter average production from the showpiece Permian Basin was 580 MBOE/d, up 48% year over year.
Chevron (CVX) Beats Q1 Earnings and Revenue Estimates
by Zacks Equity Research
Chevron (CVX) delivered earnings and revenue surprises of 101.56% and 5.43%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Key Predictions for XOM & CVX Q1 Earnings Slated on May 1
by Zacks Equity Research
Low commodity prices and energy demand destruction caused by coronavirus-induced lockdowns are likely to reflect on ExxonMobil (XOM) and Chevron's (CVX) first-quarter results.
Shell (RDS.A) Tops Q1 Earnings, Cuts Dividend Amid Oil Rout
by Zacks Equity Research
Forced by the historic oil crash and the coronavirus-induced demand destruction, Shell (RDS.A) trimmed its payout for the first time since World War II.
5 Must-See Earnings Charts This Week
by Tracey Ryniec
This is a big week for large cap earnings. What's really going on in the global economy? These 5 companies will provide some clues.
Will ExxonMobil's (XOM) Upstream Business Hurt Q1 Earnings?
by Zacks Equity Research
Since upstream business contributes significantly to ExxonMobil's (XOM) earnings, the company is likely have borne the brunt of weak commodity prices in Q1.
Here's Why Chevron (CVX) Could See E&P Earnings Fall in Q1
by Nilanjan Choudhury
Chevron (CVX), like its peers, is set to have faced the wrath of plunging crude and natural gas prices in the to-be-reported quarter.
What's in the Cards for Chevron (CVX) This Earnings Season?
by Zacks Equity Research
Chevron's (CVX) first-quarter bottom line is likely to have benefited from production growth.
Halliburton (HAL) Halts Most Work in Venezuela Over Sanction
by Zacks Equity Research
Halliburton (HAL) has suspended most of its Venezuelan operations to comply with the recent U.S. sanctions against the South American nation.