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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.
Cobalt Inks Deal to Expand Anchor Unit in Gulf of Mexico
by Zacks Equity Research
Cobalt (CIE) recently inked a deal to expand its Anchor unit with two additional blocks to the south which is likely to boost oil discovery.
Ensco (ESV) Wins 3 Drillship Contracts Offshore West Africa
by Zacks Equity Research
Ensco plc (ESV) has been awarded three drillship contracts offshore West Africa.
Chevron (CVX) Sells Gulf of Mexico Oil Fields to Cantium
by Zacks Equity Research
Chevron Corporation (CVX) recently sold five fields in Gulf of Mexico's Outer Continental Shelf and in Louisiana state waters to Cantium LLC.
Delek US Holdings (DK) Fully Acquires Alon USA Energy
by Zacks Equity Research
Delek US Holdings, Inc. (DK) announced that it has acquired the remaining outstanding shares of Alon USA Energy, Inc.
U.S. Crude Climbs After EIA Reports Drop in Production
by Nilanjan Choudhury
Oil prices climbed after the EIA published its weekly inventory report on Wednesday, which showed a drop in U.S. oil output.
Bear Market Grips Crude Stocks as U.S. Production Grows
by Nilanjan Choudhury
Oil prices fell to 10-month lows after government figures showed an increase in U.S. production to highest levels since Aug 2015.
Oil & Gas Stock Roundup: EQT-Rice Energy Tie-Up, Chevron's $9.5B Legal Reprieve & More
by Nilanjan Choudhury
It was a week where oil prices dropped to a new low for the year, while natural gas futures stayed put at just over $3.
Tumbling Oil Prices
by Zacks Equity Research
Tumbling Oil Prices
Will Tumbling Oil Prices Hit the Broader Economy?
by Mark Vickery
The U.S. shale boom from fracking is the main reason we're seeing less demand for global oil.
The Zacks Analyst Blog Highlights: Chevron, Pfizer, Boeing, 3M and Citigroup
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, Pfizer, Boeing, 3M and Citigroup
Top Stock Reports for Chevron, Pfizer & Boeing
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Chevron (CVX), Pfizer (PFE), and Boeing (BA).
Oil Tumbles After EIA Shows Small Decline in Inventories
by Nilanjan Choudhury
Oil prices fell to 7-month lows after government figures showed a smaller-than-expected decrease in U.S. stocks.
ExxonMobil Resolves Tax Dispute with Chad to Evade $74B Fine
by Zacks Equity Research
ExxonMobil Corporation (XOM) recently reached an agreement with the government of Chad regarding tax payments.
TOTAL's Production to Improve 4%, Geo-Political Risk a Woe
by Zacks Equity Research
TOTAL S.A. (TOT) has one of the best production growth profiles among the oil super majors and expects its upstream production to increase more than 4% in 2017.
Stock Market News for June 08, 2017
by Zacks Equity Research
After two straight days of declines, benchmarks closed in the green on Wednesday following hopes that Comey???s testimony will have comparatively less impact on Trump Presidency
Oil Prices Sink on Shock U.S. Crude Inventory Build
by Nilanjan Choudhury
Oil prices fell to one-month lows after government figures showed a surprise increase in U.S. stocks.
MRC Global (MRC) Extends PVF Deal with Chevron Corporation
by Zacks Equity Research
Premium oil & gas equipment & services company, MRC Global Inc. (MRC) recently declared that it has extended its global master deal with Chevron Corporation (CVX) by seven years.
The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero Energy, Phillips 66 and HollyFrontier
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero Energy, Phillips 66 and HollyFrontier
Shell Inks Deal with Chevron to Expand Holdings in Trinidad
by Zacks Equity Research
Royal Dutch shell plc recently inked a $250 million deal with the U.S. integrated major, Chevron Corporation (CVX), to acquire most of the latter's gas-related assets in the twin-island Caribbean nation.
Stock Market News for May 31, 2017
by Zacks Equity Research
Benchmarks finished in the red on Tuesday dragged down primarily by energy shares
Shell (RDS.A) Rejects Emissions Reduction Target Proposal
by Zacks Equity Research
Royal Dutch Shell plc (RDS.A) was recently criticized for failing to set an annual greenhouse gas reduction target in line with the Paris climate agreement.
The Zacks Analyst Blog Highlights: Chevron, Altria, Kraft-Heinz and Time Warner
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Chevron, Altria, Kraft-Heinz and Time Warner
Top Research Reports for Altria, Chevron, Kraft-Heinz & Time Warner
by Sheraz Mian
Today's Research Daily features new research reports on 17 major stocks, including Chevron (CVX), Altria (MO), Kraft Heinz (KHC) and Time Warner (TWX).
Statoil Projects Over 50% Rise in U.S Offshore Production
by Zacks Equity Research
Statoil ASA (STO) recently declared that it anticipates net production from offshore operation in the U.S Gulf of Mexico to increase by more than 50% by 2020.
Chevron (CVX) Shuts Gorgon Plant on Malfunctioning Equipment
by Zacks Equity Research
Chevron Corporation (CVX) has decided to stall the first production line at the Gorgon LNG project's Train One export plant.