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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.
Chevron (CVX) Set to Report Q2 Earnings: What to Expect
by Christopher Vargas
Chevron Corporation (CVX) is expected to report its second quarter earnings at the end of this week.
Chevron (CVX) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
Chevron (CVX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Are Middle East Tensions Still a Key Driver of Oil Prices?
by Zacks Equity Research
It is evident from recent events that tensions in the Middle East no longer play a big role in determining oil price movement.
Schlumberger Receives Master Contract From Chevron in GoM
by Zacks Equity Research
Schlumberger (SLB) is set to provide innovative technologies, as required by Chevron's Gulf of Mexico projects.
Oil & Gas Stock Roundup: Schlumberger & Halliburton Report Q2 Earnings
by Nilanjan Choudhury
While the North America business environment remains challenging, both Schlumberger (SLB) and Halliburton (HAL) expect international drilling activity to continue with the broad-based recovery.
Chevron (CVX) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $125.33 in the latest trading session, marking a +0.23% move from the prior day.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
U.S. Oil Stocks Fall for a Fifth Week, Fuel Supplies Swell
by Nilanjan Choudhury
Production shut-in and loss of imports forced by Hurricane Barry led to the stockpile draw with the world's biggest oil consumer even as lower refinery crude runs capped the decline.
Chevron (CVX) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $124.76, marking a -0.76% move from the previous day.
Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More
by Nilanjan Choudhury
Shale producer Callon Petroleum (CPE) agreed to buy smaller E&P player Carrizo Oil & Gas (CRZO) for $3.2 billion, while McDermott International (MDR) clinched twin contracts from Saudi Aramco.
Will Chevron's Kitimat LNG Become an All-Electric Plant?
by Zacks Equity Research
If the plan to modify Chevron's (CVX) Kitimat facility to an 'all-electric' design materializes, the project will boast the lowest emission intensity among all large-scale LNG projects in the world.
The Zacks Analyst Blog Highlights: ConocoPhillips, Exxon Mobil, Royal Dutch Shell and Chevron
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ConocoPhillips, Exxon Mobil, Royal Dutch Shell and Chevron
Chevron's Venezuela Business at Risk: Will US Extend Waivers?
by Zacks Equity Research
If the waivers to operate in Venezuela are discontinued, it is likely to trigger huge losses for Chevron (CVX), which has spent billions in the Venezuelan business.
Can Big Spending Boost Lift China's Oil & Gas Output?
by Zacks Equity Research
While China's efforts to increase output may offset production decline from aging oilfields, it is not likely to reduce its dependence on foreign oil and gas imports.
Occidental Petroleum (OXY) Board Approves 1.3% Dividend Hike
by Jewel Saha
Total increase in Occidental Petroleum's (OXY) annual dividends from 2002 exceeds 500%.
Oil Price Spurts as Tensions Intensify in the Strait of Hormuz
by Nilanjan Banerjee
The Strait of Hormuz, where the BP-operated oil tanker was "harassed," is touted as the most important global passageway for transporting crude.
5 ETFs & Stocks Riding High on Oil Rebound
by Sweta Killa
Oil prices strongly rebounded from a bear territory hit in early June, with U.S. crude comfortably trading above $60.
Dow 30 Stock Roundup: Cisco to Buy Acacia, Microsoft & ServiceNow Partnernership
by Swarup Gupta
The index endured a turbulent week but gained after the Fed Chair indicated that a rate was likely later this month.
Stock Market News For Jul 11, 2019
by Zacks Equity Research
Markets ended higher on Wednesday following Powell's testimony before the Congress.
WTI Hits $60/Barrel Mark as Tropical Storm Barry Approaches
by Kaibalya Pravo Dey
As Tropical Storm Barry is threatening GoM output, almost 950,000 BPD of production can go offline.
TOT or CVX: Which Is the Better Value Stock Right Now?
by Zacks Equity Research
TOT vs. CVX: Which Stock Is the Better Value Option?
Chevron-Philips JV, Qatar Unite for $8B Petrochemical Plant
by Zacks Equity Research
Banking on growing demand for plastics, Chevron Phillips Chemical, which is a JV between Chevron (CVX) and Phillips 66 (PSX), is collaborating with Qatar Petroleum to build $8-billion petrochemical plant.
Oil & Gas Stock Roundup: ExxonMobil's Q2 Update, TC Energy's Asset Sale & More
by Nilanjan Choudhury
ExxonMobil (XOM) provided an update on second-quarter 2019 earnings, while TC Energy (TRP) said that it would sell some assets of Columbia Midstream Group for $1.28 billion.
Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed the most recent trading day at $123.35, moving -0.2% from the previous trading session.
U.S. Oil Futures Rise After 3rd Weekly Drop in Stockpiles
by Nilanjan Choudhury
Strong refiner demand led to the stockpile draw with the world's biggest oil consumer even as the magnitude was far less than what energy analysts had expected due to sharply higher imports.