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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) Q1 Earnings Beat, Downstream Woes Continue
by Nilanjan Choudhury
Apart from the shale assets in the prolific Permian Basin, Chevron's (CVX) strong output could be attributed to contribution from its Wheatstone LNG development in Australia.
Robust First-Quarter 2019 GDP Data
by Zacks Equity Research
Robust First-Quarter 2019 GDP Data
Q1 GDP 3.2% -- Big Upside Surprise!
by Mark Vickery
3.2% was well ahead of the consensus 2.3% estimated, which itself had been cranked up from the sub-1% expectations many analysts had been expecting prior to Q1 earnings season.
Chevron (CVX) Q1 Earnings Beat on Output Gains, Sales Miss
by Zacks Equity Research
Chevron's (CVX) total production increased 6.5% compared with last year's corresponding period to 3,038 thousand oil-equivalent barrels per day.
5 Must-See Charts to Finish the Week
by Tracey Ryniec
FAANG isn't the entire stock market. These 5 companies should be on investors radars this week.
Occidental Outbids Chevron in the Race to Acquire Anadarko
by Jewel Saha
With an intention to outbid Chevron, Occidental (OXY) makes a lucrative counter offer to acquire Anadarko Petroleum.
The Bidding War for Anadarko has Begun: Chevron vs. Occidental
by Daniel Laboe
The bidding war for Anadarko Petroleum (APC) has begun and no one is happier than APC investors. OXY and CVX are fighting for control of the Permian Basin and Anadarko is the golden ticket.
Will Upstream Segment Boost Chevron's (CVX) Q1 Earnings?
by Zacks Equity Research
While pricing and output gains are likely to fuel Chevron's (CVX) upstream unit in Q1, the downstream segment is expected to feel the heat of weak margins.
Stock Market News For Apr 23, 2019
by Zacks Equity Research
Wall Street closed mixed on Monday as the positive impact of a surge in oil prices was partially negated by news that China may end economic stimulus and opt for structural reforms.
ConocoPhillips Agrees to Divest North Sea Resources for $2.7B
by Zacks Equity Research
ConocoPhillips (COP) plans to allocate capital to resources where cost of operations will be considerably lower, making operations more efficient.
Analysts Estimate Chevron (CVX) to Report a Decline in Earnings: What to Look Out for
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.
EIA Reports 1st U.S. Crude Inventory Decline in a Month
by Nilanjan Choudhury
Overall, oil is being supported by the OPEC+ deal to cut production by 1.2 million barrels per day. U.S. sanctions against Venezuela and Iran also continue to tighten the commodity's fundamentals.
BP to Substantially Boost U.S. Onshore Upstream Expenditure
by Zacks Equity Research
BP will raise U.S. onshore upstream expenditure for 2019 in the range of $2-$2.5 billion, up from last year's $1 billion.
Oil & Gas Stock Roundup: Chevron's $50B Anadarko Buy, Shell's Asset Sale & More
by Nilanjan Choudhury
The acquisition will give Chevron (CVX) access to potentially lucrative Permian Basin acreage, LNG operations in Mozambique, as well as attractive deepwater infrastructure in the GoM.
Anadarko to Be Bought By Chevron: Can We Expect More Deals?
by Zacks Equity Research
Anadarko Petroleum (APC) will be acquired by Chevron in deal worth $48 billion, and its shareholders will get a 39% premium on their holdings.
Chevron's North Sea Asset Divestment Attracts Delek & Ineos
by Zacks Equity Research
Chevron's (CVX) move of divesting North Sea assets will enable it to focus on more profitable U.S. Shale and GoM.
The Zacks Analyst Blog Highlights: JPMorgan, Visa, Chevron, TJX and General Dynamics
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan, Visa, Chevron, TJX and General Dynamics
Chevron (CVX) Gains As Market Dips: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed the most recent trading day at $120.14, moving +0.32% from the previous trading session.
Oil ETFs Surge as Chevron Plans to Buy Anadarko
by Sweta Killa
The deal news has sparked a new wave of mergers and acquisitions in the energy sector, boosting shares of shale oil companies and ETFs.
Company News For Apr 15, 2019
by Zacks Equity Research
Companies in the news are: APC, CVX, PNC, DIS and CNDT
The Zacks Analyst Blog Highlights: Chevron, Anadarko, Royal Dutch and ExxonMobil
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, Anadarko, Royal Dutch and ExxonMobil
Top Stock Reports for JPMorgan, Visa & Chevron
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including JPMorgan (JPM), Visa (V) and Chevron (CVX).
Chevron's Deal, Big Banks' Q1 Earnings & Disney+ Boost
by Mark Vickery
While some of Wall Street's biggest banks report earnings, Chevron makes a big E&P play and Disney unveils its new streaming service.
Chevron (CVX) Set to Snap Up Anadarko in $50 Billion Deal
by Nilanjan Choudhury
Chevron will gain access to potentially lucrative Permian Basin acreage, LNG operations in Mozambique, as well as attractive deepwater infrastructure in the Gulf of Mexico.
Major Banks Post Strong Q1 Earnings Results
by Zacks Equity Research
Major Banks Post Strong Q1 Earnings Results