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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.
EIA Reports Shock Inventory Increase on Lower Refinery Runs
by Nilanjan Choudhury
Output in the United States edged up by 100,000 barrels per day last week to 11.1 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
Shell (RDS.A) to Sell Stakes in GoM's Caesar Tonga Field?
by Zacks Equity Research
With Shell (RDS.A) already wrapping up transactions worth $27.5 billion, the company remains focused to meet its $30-billion target by 2018.
U.S. Oil Biggies Agree to Join OGCI to Curb Climate Change
by Zacks Equity Research
ExxonMobil, Chevron and Occidental Petroleum will become official members of OGCI on Sep 24.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
Chevron Teams Up With Woodside to Develop Clio-Acme Field
by Zacks Equity Research
Chevron (CVX) views its collaboration with Woodside to be essential for the future development of offshore resources in an efficient manner.
Sempra Energy Unit Inks Marine Terminal Contract in Mexico
by Zacks Equity Research
Sempra Energy's (SRE) unit signs contract with Chevron for 50% of the initial storage capacity at the Topolobampo refined fuels marine terminal.
Dow 30 Stock Roundup: Apple Unveils 3 New iPhones, Boeing Clinches $2.9B Deal
by Swarup Gupta
The index chalked up gains this week amid renewed hopes of trade talks between the United States and China.
The Zacks Analyst Blog Highlights: Transocean, Chevron, Halliburton and Southwestern
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Transocean, Chevron, Halliburton and Southwestern
Oil & Gas Stock Roundup: Transocean's Acquisition, Chevron's Legal Victory & More
by Nilanjan Choudhury
Transocean (RIG) agreed to buy Ocean Rig UDW for $2.7 billion, while Chevron (CVX) scored a big legal victory over pollution claims in Ecuador that immunized it from paying a $9.5 billion fine.
Stock Market News For Sep 12, 2018
by Zacks Equity Research
Markets ended sharply higher on Tuesday, led by a rally in tech and energy stocks, as trade war fears continued to linger.
4 Reasons Why You Should Hold on to TOTAL (TOT) Stock Now
by Zacks Equity Research
TOTAL (TOT) is a smart choice for investors now, given its one of the best production growth profiles among the oil super majors and upcoming startups, which continues to boost production.
Stock Market News For Sep 10, 2018
by Zacks Equity Research
Markets ended sharply lower on Friday after President Donald Trump said that the United States was ready to move ahead with tariffs.
Chevron (CVX) Emerges Victorious in Ecuador Pollution Case
by Zacks Equity Research
With the recent verdict in favor of Chevron (CVX), it now stands to receive millions of dollars as economic compensation.
The Zacks Analyst Blog Highlights: Chevron, U.S. Bancorp, Kraft Heinz, General Mills and Workday
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, U.S. Bancorp, Kraft Heinz, General Mills and Workday
Oil Slumps Despite Big Stock Draw, Fuel Supplies to Blame
by Nilanjan Choudhury
At 401.5 million barrels, current crude supplies are 13% below the year-ago level and the lowest since February 2015.
Top Stock Reports for Chevron, U.S. Bancorp & Kraft Heinz
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Chevron (CVX), U.S. Bancorp (USB) and Kraft Heinz (KHC).
TOTAL to Sell China Polystyrene Unit, Focus on US & Europe
by Zacks Equity Research
TOTAL S.A. (TOT) has decided to exit from the polystyrene business in China and focus on its global polystyrene operation.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Phillips 66, Marathon and Helix Energy
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Phillips 66, Marathon and Helix Energy
Dividend Hikes in Vogue: Will Shell (RDS.A) Follow the Trend?
by Zacks Equity Research
While investors would like Shell (RDS.A) to hike its dividend, we believe the oil major would not want to undo its great work over the past couple of years.
Oil Finds Higher Ground After U.S. Crude Inventories Fall
by Nilanjan Choudhury
U.S. crude oil stockiles fell sharply last week as exports rose to an average of 1.78 million barrels per day, the Energy Information Administration said on Wednesday.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Sweta Killa
Sector ETF report for FENY
U.S. Oil Prices Rise As EIA Confirms Large Inventory Draw
by Nilanjan Choudhury
The U.S. Energy Department said refineries processed 17.9 million barrels per day of crude in the reporting period, close to last week's record highs.
Why Chevron (CVX) Signed MOU With Iraq's Basra Oil Company?
by Zacks Equity Research
Chevron (CVX) will likely create an oil refinery in Iraq following several surveys.
Does GoM Lease Sale 251 Signal Deepwater Upturn? Take a Look
by Zacks Equity Research
Per the Bureau of Ocean Energy Management, the Lease Sale 251 draws 171 bids, raking in more than $178 million in high bids from oil and gas companies.
EIA Reports Shock Inventory Increase Despite Strong Refining
by Nilanjan Choudhury
U.S. crude oil inventories jumped last week even as refining utilization remained high, the EIA said on Wednesday in a majorly bearish report.