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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.
Shell (RDS.A) Clinches Maiden EV Deal, Acquires NewMotion
by Zacks Equity Research
With this deal, Shell (RDS.A) wants to cash in on the wide acceptance of the electric cars and thereby increase its customer base and revenues.
ExxonMobil's Cogeneration Plant to Aid Efficiency in Jurong
by Zacks Equity Research
ExxonMobil (XOM) takes another step to reduce carbon dioxide emissions in Singapore.
The Zacks Analyst Blog Highlights: Chevron, Phillips 66, Royal Dutch Shell, ExxonMobil and Ensco
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, Phillips 66, Royal Dutch Shell, ExxonMobil and Ensco
Oil & Gas Stock Roundup: CVX Starts Wheatstone Production, PSX Approves $3B Buyback
by Nilanjan Choudhury
U.S. supermajor Chevron (CVX) started production at its giant Wheatstone LNG project in Australia, while midstream operator Phillips 66 (PSX) announced a new $3 billion stock repurchase program.
Chevron to Deliver Kaybob Duvernay NGL to Keyera Terminal
by Zacks Equity Research
Chevron???s (CVX) NGL will likely be delivered to the terminals of Keyera for storage and fractionation works.
TOTAL to Explore Offshore Guinea & Further Expand in Africa
by Zacks Equity Research
TOTAL S.A. 's (TOT) focus on deepwater African assets will continue to strengthen its production profile and boost performance.
Chevron's LNG Project Comes Online, Achieves New Milestone
by Zacks Equity Research
Chevron's (CVX) Wheatstone LNG project begins production. The first cargo of liquefied natural gas is on track to be dispatched in the coming weeks.
Stock Market News For Oct 9, 2017
by Zacks Equity Research
Markets closed mostly lower on Friday as the nonfarm payrolls report showed that the U.S. economy lost a staggering number of jobs in September.
Chevron to Sell South African Assets to Glencore for $973M
by Zacks Equity Research
The deal takes Chevron's (CVX) $15 billion divestment program forward as the company remains focused to slash costs and streamline business models.
Oil Majors Face Lawsuits on Climate Change Issues
by Zacks Equity Research
Only stringent regulations and their effective implementations will help in the reduction of carbon emissions in the future and facilitate effective transition to cleaner energy sources.
Chevron (CVX) Nears 52-Week High, Can the Stock Soar Higher?
by Nilanjan Choudhury
Given Chevron's (CVX) recent share price bounce, we suspect there is little upside left and urge investors to be cautious.
The Zacks Analyst Blog Highlights: ExxonMobil, Valero, Chevron and Total
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Valero, Chevron and Total
Oil & Gas Stock Roundup: XOM Loses #1 Energy Spot, CVX Names New CEO
by Nilanjan Choudhury
ExxonMobil (XOM) was toppled by Russia's Gazprom as the world's top energy company, while smaller rival Chevron (CVX) elected Michael Wirth to succeed john Watson as its next Chairman and CEO.
Russian Energy Firm Takes #1 Spot from Exxon
by Zacks Equity Research
Per the S&P Global Platts ranking of top financial performers of the year,oil giant ExxonMobil Corporation (XOM) was pushed down to No.9 from the leading position it held for last twelve years.
Stock Market News For Oct 2, 2017
by Zacks Equity Research
Markets closed higher on Friday after the S&P 500 hit another record close following a rally in shares of Facebook.
Can Chevron (CVX) Flourish With Michael Wirth at the Helm?
by Zacks Equity Research
Chevron's (CVX) appointment of Wirth as the CEO, effective from Feb 1, 2018 seems to be a prudent move, given his profound leadership and experience in downstream operations.
Transocean (RIG) Ultra Deepwater Drillship Contract to End
by Zacks Equity Research
The contact termination for Discoverer Clear Leader drillship is likely to adversely impact Transocean's (RIG) revenues.
ExxonMobil Focuses on Methane Emission Reduction in U.S.
by Zacks Equity Research
ExxonMobil (XOM) is working to reduce its environmental footprint and also counter accusations by environmentalists through various moves.
TOTAL (TOT) Updates Guidance, to Create Long-Term Value
by Zacks Equity Research
TOTAL (TOT) updated its long-term guidance with focus on increasing production and lowering operating expenses.
Transocean to Retire Six Deepwater Floaters from its Fleet
by Zacks Equity Research
Transocean (RIG) is making way for new high-specification rigs by retiring its deepwater floaters.
Chevron (CVX) Divests Argentine Assets to President Energy
by Zacks Equity Research
Chevron's (CVX) deal with President Energy is in line with its last year's plan to divest $10 billion assets during 2016-17.
Is Natural Gas a Bridge Between Fossil Fuels & Renewables?
by Zacks Equity Research
Global gas consumption rose 63 billion cubic meters in 2016 and is poised to grow more.
Zacks Market Edge Highlights: Exxon, Chevron, Halliburton, RPC and Pioneer Natural Resources
by Zacks Equity Research
Zacks Market Edge Highlights: Exxon, Chevron, Halliburton, RPC and Pioneer Natural Resources
Chevron to Offload Permian Basin Holdings to Sabinal Energy
by Zacks Equity Research
The agreement is well aligned with Chevron's (CVX) strategy to improve cash flow in 2017 and streamline its portfolio.
BP & Partners Ink Deal to Extend PSA for ACG Field til 2049
by Zacks Equity Research
BP along with co-venturers has inked a modified and restated ACG field's production sharing agreement (PSA). The PSA has been extended to 2049, while earlier it was due to terminate in 2024.