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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.
Patterson-UTI (PTEN) Q4 Loss Wider Than Estimates, Revenues Beat
by Zacks Equity Research
Patterson-UTI (PTEN) management said that its rig count bottomed out in the fourth quarter and will go up slightly in the early part of 2020, primarily driven by the Permian Basin.
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, IBM, Gilead and Edwards Lifesciences
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, IBM, Gilead and Edwards Lifesciences
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
National Oilwell (NOV) Q4 Earnings Lag Estimates, Rise Y/Y
by Zacks Equity Research
In response to the changing market dynamics, National Oilwell (NOV) is looking to retain its deepened focus on capex and maintenance of operational efficiency.
6 Things You Should Know from Chevron's (CVX) Q4 Earnings
by Nilanjan Choudhury
Chevron (CVX) maintained its dividend growth streak, marking the 33rd consecutive year of payout hike.
NuStar Energy (NS) Q4 Earnings Beat Estimates, Soar Y/Y
by Zacks Equity Research
While NuStar Energy (NS) disappoints with year-over-year revenue decline, the firm's operating income shows an encouraging rise in Q4.
Suncor (SU) Q4 Earnings and Revenues Miss Mark, Improve Y/Y
by Zacks Equity Research
Suncor Energy (SU) returns C$644 million to its shareholders through dividends and buys back C$11.1 million of outstanding shares in Q4.
TOTAL (TOT) Q4 Earnings Beat on Solid Support From Startups
by Zacks Equity Research
TOTAL's (TOT) earnings in the fourth quarter are better than expected. The company's hydrocarbon production is expected to benefit from new start-ups.
Oil Gets a Lift from EIA Supply Data, Moves Back Above $50
by Nilanjan Choudhury
The federal government's EIA report revealed that gasoline supplies fell after increasing for 12 straight weeks.
Coronavirus Starting to Weigh on 2020 Q1 Earnings Estimates
by Sheraz Mian
In addition to featuring fresh research reports on Exxon (XOM), Chevron (CVX), IBM (IBM) and others, today's Research Daily provides the Q4 earnings season update.
Cabot (COG) Releases Revised Guidance for Q419 and 2020
by Zacks Equity Research
Cabot (COG) alters its fourth-quarter production outlook, anticipating it to be higher than the upper end of the past estimate.
Petrobras (PBR) to Sell Stake in Brazil Field, Cut Costs
by Zacks Equity Research
Petrobras (PBR) is planning to sell its stake in the deep-water field to control costs and improve capital allocation.
MPLX Q4 Earnings Miss Estimates on Lower Throughput Volumes
by Zacks Equity Research
MPLX's fourth-quarter results are affected by lower Logistics and Storage throughput volumes, partially offset by higher average tariff rates from pipelines.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch, Phillips 66 and Marathon Petroleum
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch, Phillips 66 and Marathon Petroleum
ConocoPhillips (COP) Misses on Q4 Earnings, Boosts Buyback
by Zacks Equity Research
ConocoPhillips (COP) adds $10 billion to its already existing share repurchase program, which brings the total authorization to $25 billion.
BP Q4 Earnings Trump Estimates on Key Upstream Projects
by Zacks Equity Research
BP's fourth-quarter 2019 earnings are supported by higher oil equivalent volumes, partially offset by lower commodity price realizations.
Oil & Gas Stock Roundup: ExxonMobil, Chevron & Shell Report Q4 Earnings
by Nilanjan Choudhury
ExxonMobil (XOM), Shell (RDS.A) and Chevron (CVX) reported significant earnings decline compared to the same period a year earlier.
Exxon, Chevron Earnings Intensify Woes for Energy ETFs
by Sweta Killa
Earnings from Exxon Mobil and Chevron aggravated concerns of the energy sector, which has been struggling from demand slowdown due to the coronavirus outbreak.
Company News for Feb 3, 2020
by Zacks Equity Research
Companies In The News Are: AMZN, CAt, XOM, CVX.
The Zacks Analyst Blog Highlights: Chevron, Citigroup, Coca-Cola, Walmart and Apple
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, Citigroup, Coca-Cola, Walmart and Apple
Enterprise (EPD) Q4 Earnings Meet Estimates, Revenues Beat
by Zacks Equity Research
Enterprise Products Partners' (EPD) fourth-quarter 2019 earnings are supported by higher sales volumes, and margins from the NGL Pipelines & Services business.
Coronavirus Outbreak Dominates Market News for a Second Week
by David Borun
The broad market slide again as investors sort out the possible economic effects of a global pandemic
Chevron (CVX) Q4 Earnings Beat Thanks to Permian Strength
by Nilanjan Choudhury
The fourth-quarter average production from Chevron's (CVX) showpiece Permian Basin was 514 MBOE/d, up 36% year over year.
What Lies in Store for Energy ETF This Earnings Season?
by Sweta Killa
Let's delve into the earnings picture of Exxon Mobil and Chevron that dominate the popular ETFs portfolio and have the power to move the funds up or down in the coming days.
ExxonMobil (XOM) Q4 Earnings Lag Estimates on Weaker Margins
by Zacks Equity Research
ExxonMobil's (XOM) fourth-quarter results are affected by weaker margins in the refining and chemical business, partially offset by higher upstream activities.