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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.
Oil Gains as Middle East Risks Offset Surprise Stock Build
by Nilanjan Choudhury
Crude inventories jumped by 5.4 million barrels in the week to May 10, compared with analyst expectations for a decrease of 1.4 million barrels, the EIA said in its report.
Equinor to Boost US GoM Footprint via Caesar Tonga Purchase
by Zacks Equity Research
Equinor's (EQNR) net production from the Caesar Tonga oil field stands at 18,600 barrels of oil equivalent per day.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
Anadarko Petroleum Signs Long-Term SPA with JERA and CPC
by Zacks Equity Research
Anadarko Petroleum (APC) secures a deal in Mozambique that brings total long-term agreements to 11.1 MTPA.
Full-Blown Trade Spat: 5 Most-Vulnerable Sector ETFs & Stocks
by Sanghamitra Saha
Just a few days after the Trump administration lifted tariffs on $200 billion worth of Chinese goods from 10% to 25% on May 10, China announced a retaliatory move. This puts these sector ETFs and stocks vulnerable.
Bull Of The Day: Anadarko (APC)
by Daniel Laboe
Occidental will be acquiring APC for $74.89 a share as of close yesterday. This will represent a 2.9% premium for APC's current shareholders if this deal goes through as planned.
Trade Concerns Send Equities Lower
by David Borun
Conflicting information about the China trade deal takes a bite out of stock prices
Initial Jobless Claims Decline
by Zacks Equity Research
Initial Jobless Claims Decline
Chevron Taps Out on Anadarko, Plus Jobless Claims
by Mark Vickery
Chevron had initially made its bid for the Permian Basin major, but when Berkshire committed $10 billion to the deal on OXY's behalf, Chevron tapped out.
The Battle for Anadarko: Will Chevron Outbid Occidental?
by Nilanjan Choudhury
Anadarko's (APC) acceptance of Occidental's (OXY) bid has thrown down the gauntlet to Chevron (CVX) to come up with a better offer or walk away with a billion dollar in breakup fee.
TOT vs. CVX: Which Stock Is the Better Value Option?
by Zacks Equity Research
TOT vs. CVX: Which Stock Is the Better Value Option?
Occidental's (OXY) Q1 Earnings & Revenues Beat Estimates
by Zacks Equity Research
Occidental Petroleum's (OXY) Q1 earnings and revenues surpass estimates, and production continues to rise, courtesy of solid contribution from Permian Resource assets.
W&T Offshore (WTI) Q1 Earnings Miss, Stock Declines 12.3%
by Zacks Equity Research
W&T Offshore's (WTI) first-quarter 2019 earnings are affected by lower price realizations and production volume decline.
Noble (NE) Q1 Loss Narrower Than Expected, Revenues Beat
by Zacks Equity Research
Noble's (NE) first-quarter results are supported by increase in total rig fleet utilization and overall operating days.
Dow 30 Stock Roundup: AAPL, PFE, MRK, MCD Earnings Impress
by Swarup Gupta
The index traversed a mixed week, buoyed by encouraging earnings numbers and dragged lower by comments from the Fed Chair.
Matador Resources (MTDR) Q1 Earnings Beat, Revenues Miss
by Zacks Equity Research
Matador Resources' (MTDR) first-quarter 2019 results are aided by higher production volumes. However, lower commodity price realizations play spoilsport for revenues.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, TOTAL, Valero and Hess
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, TOTAL, Valero and Hess
Enterprise Products' (EPD) Q1 Earnings Beat, Revenues Lag
by Zacks Equity Research
Enterprise Products Partners' (EPD) first-quarter 2019 results are supported by higher transportation volumes in three of its four segments.
Shell (RDS.A) Rides on Gas Unit to Q1 Earnings Outperformance
by Nilanjan Choudhury
Royal Dutch Shell (RDS.A) will repurchase $2.75 billion worth of shares up to Jul 29 in the fourth installment of its three-year $25 billion buyback program.
Oil & Gas Stock Roundup: Chevron Tops Q1 Earnings, Exxon & TOTAL Flops
by Nilanjan Choudhury
Integrated majors ExxonMobil (XOM), Chevron (CVX) and TOTAL (TOT) reported first-quarter earnings.
Baker Hughes (BHGE) Q1 Earnings Top, Sales Match Estimates
by Zacks Equity Research
Baker Hughes' (BHGE) better-than-expected earnings in first-quarter 2019 are backed by higher order volume in the Subsea Production Systems business.
ConocoPhillips' (COP) Q1 Earnings Beat on Higher Oil Output
by Zacks Equity Research
ConocoPhillips (COP) generates $2.9 billion of cash from operating activities in first-quarter 2019.
Company News For Apr 29, 2019
by Zacks Equity Research
Companies in the news are: INTC, XOM, CVX and F
Exxon, Chevron Disappoint: Energy ETFs Fall
by Sweta Killa
Two U.S. supermajor oil producers ??? Exxon Mobil and Chevron ??? came up with disappointing results despite higher oil prices.
Is Chevron (CVX) Outperforming Other Oils-Energy Stocks This Year?
by Zacks Equity Research
Is (CVX) Outperforming Other Oils-Energy Stocks This Year?