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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.
Here's Why You Should Sell PetroChina (PTR) Stock Right Away
by Zacks Equity Research
PetroChina's (PTR) heavy exposure to significantly mature producing areas is a concern.
Factors That Make Chevron (CVX) an Enticing Investment Pick
by Nilanjan Banerjee
Strong Permian focus, handsome dividend payment and robust financials make Chevron (CVX) an enticing stock now.
U.S. Crude Ends Lower Even as EIA Reveals Drop in Supplies
by Nilanjan Choudhury
The federal governments EIA report revealed that crude inventories fell by 3.1 million barrels for the week ending Jun 14, after rising to a nearly 2-year high in the previous week.
Anadarko Petroleum Makes FID on Mozambique LNG Project
by Zacks Equity Research
Anadarko Petroleum's (APC) FID decision on Mozambique's first onshore LNG facility will boost economic development of the African nation.
5 Energy & Oil Stocks to Buy Amid Industry Uncertainty
by Zachary Stutler
Let's look at some oil and energy stocks that are projected to perform well in the coming months and even years despite the current headwinds.
Oil & Gas Stock Roundup: C&J Energy-Keane Merger, Phillips 66 JVs & More
by Nilanjan Choudhury
C&J Energy Services (CJ) and Keane Group (FRAC) agreed to merge in an all-stock deal, while Phillips 66 (PSX) unveiled plans to form two pipeline project joint ventures for crude oil transportation.
Chevron (CVX) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $121.39, marking a +0.48% move from the previous day.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
Here's Why You Should Retain Antero Resources (AR) Stock Now
by Zacks Equity Research
Antero Resources (AR) is well placed to grow further, thanks to Appalachian performance and growing capital efficiency. Rising costs and dampening demand outlook pose risks.
ExxonMobil, SABIC Eyes Texas Petrochemical Unit Construction
by Zacks Equity Research
ExxonMobil (XOM) expects the construction of new petrochemical complex in Texas to commence in third-quarter 2019.
EPA Reforms Pit Oil and Green Lobby Against Corn Producers
by Nilanjan Choudhury
The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.
TOTAL in Talks, Might Buy 30% of Adani Gas for $800M
by Zacks Equity Research
Per a media report, TOTAL (TOT) might acquire 30% interest in Adani Gas, and benefit from rising demand of natural gas in India.
U.S. Crude Hit its Lowest Price in 5 Months: Here's Why
by Nilanjan Choudhury
The federal government's EIA report revealed that crude inventories rose by 2.2 million barrels for the week ending Jun 7 to a nearly 2-year high.
Shell Ships 1st LNG From Prelude, To Sell Martinez Refinery
by Zacks Equity Research
Being a significant project in Shell's (RDS.A) portfolio, Prelude FLNG is a path-breaking facility for the emergence of floating LNG.
Oil & Gas Stock Roundup: Comstock's Acquisition, Shell's Strategy Update & More
by Nilanjan Choudhury
Comstock Resources (CRK) agreed to buy Cover Park Energy for $2.2 billion. Meanwhile, Royal Dutch Shell (RDS.A) pledged to return at least $125 billion to its shareholders between 2021 and 2025.
Phillips 66 Creates 2 JVs for Liberty & Red Oak Pipelines
by Zacks Equity Research
Phillips 66 (PSX) expects both Liberty and Red Oak Pipelines to come online in first-quarter 2021.
Chevron (CVX) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $122.28, marking a +0.66% move from the previous day.
The Zacks Analyst Blog Highlights: Microsoft, Cisco, Merck and Chevron
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Microsoft, Cisco, Merck and Chevron
Ecopetrol (EC) Eyes $2.4B Cost Cuts in the 2019-2023 Period
by Zacks Equity Research
Ecopetrol (EC) expects 71% of its cost savings to be generated from exploration and production activities.
Here's Why You Should Retain Matador Resources (MTDR) Stock
by Zacks Equity Research
Matador Resources (MTDR) is well placed to grow further, thanks to Permian performance and midstream infrastructure demand. Rising costs and reliance on debt pose risks.
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Valero Energy, Chevron, Exxon Mobil and TOTAL
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Valero Energy, Chevron, Exxon Mobil and TOTAL
The Zacks Analyst Blog Highlights: Johnson & Johnson, Chevron, Adobe, Las Vegas Sands and Southern Copper
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Johnson & Johnson, Chevron, Adobe, Las Vegas Sands and Southern Copper
Shell (RDS.A) & Gazprom Neft to Create West Siberian Oil JV
by Zacks Equity Research
Shell (RDS.A) is expected to receive a 50% stake in Gazprom Neft's subsidiary, Meretoyakhaneftegaz.
Stock Market News For Jun 7, 2019
by Zacks Equity Research
Wall Street gained for the third straight session on Thursday as investors grew more optimistic about a possible solution to the U.S.-Mexico trade conflict.
Dow 30 Stock Roundup: UNH to Hike Dividend, MRK Zerbaxa's New Indication Gets FDA Nod
by Swarup Gupta
The index enjoyed a week of strong gains after the Fed Chair indicated that a near-term rate cut was increasingly likely.