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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.
How XOM Expects Oil Prices & Refining Margins to Impact Q3 Earnings
by Nilanjan Banerjee
Exxon Mobil expects Q3 earnings to rise sequentially, boosted by oil and gas price changes and stronger refining margins.
Chevron vs. Exxon Stock: Which Oil Giant is the Better Investment?
by Shaun Pruitt
Chevron and Exxon Mobil are at the forefront of oil companies that can still capitalize even with crude prices below the threshold for peak profitability.
ExxonMobil Grants Saipem Authorization for $500M Guyana EPCI Contract
by Zacks Equity Research
XOM gives Saipem the go-ahead on a $500M EPCI deal for the Hammerhead project, its seventh offshore development in Guyana.
Nabors and Caturus Partner to Deploy PACE-X Ultra X33 Rig
by Zacks Equity Research
NBR partners with Caturus to introduce the PACE-X Ultra X33 rig, a powerful innovation in shale drilling, boosting efficiency and sustainability, though at a high cost.
4 Oil Giants Stand Tall as Permian Basin Fuels U.S. Growth
by Nilanjan Choudhury
EOG, XOM, FANG and CVX shine as the Permian Basin powers U.S. oil growth with rising output, efficiency gains, and strong investor appeal.
Celsius Holdings and Builders FirstSource have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
CELH surges with record-breaking growth, while BLDR struggles under pressure.
Can Permian Connection Brighten XOM, CVX & COP's Outlook?
by Nilanjan Banerjee
Permian growth positions Chevron, ExxonMobil and ConocoPhillips for decades of cost-advantaged production and stronger earnings.
GeoPark to Acquire Vaca Muerta Assets from Pluspetrol for $115M
by Zacks Equity Research
GPRK is set to acquire Vaca Muerta shale assets from Pluspetrol for $115M, adding 12,300 acres and boosting future production.
Devon Energy Gains From Multi-Basin Assets & Debt Management
by Zacks Equity Research
DVN leverages multi-basin assets, cost cuts and debt reduction to boost margins while navigating industry challenges.
Is Chevron's Lithium Entry a Game-Changer for Its Portfolio?
by Nilanjan Choudhury
CVX enters lithium with a 125,000-acre Smackover acquisition, aiming to scale production and diversify its energy portfolio.
TC Energy Targets US Growth, LNG Development & Mexico Pipeline
by Zacks Equity Research
TRP accelerates growth in the U.S. energy market with a major investment, while also advancing Canada's LNG projects and exploring Mexico's energy potential.
TechnipFMC Secures Subsea Contract for the Hammerhead Project
by Zacks Equity Research
FTI wins a $250M-$500M contract from ExxonMobil Guyana for Hammerhead subsea systems, marking their 7th collaboration since 2017.
Can Chevron Investors Look Past $200M-$400M Hess Q3 Drag?
by Nilanjan Choudhury
CVX sees a $200M-$400M Q3 earnings hit from Hess integration, but expects strong future gains from the deal.
Can DVN's Expanding Reserves Secure Long-Term Growth for the Stock?
by Jewel Saha
DVN stock continues to boost its proved reserves, which support stable oil and gas production volumes.
Chevron (CVX) Rises As Market Takes a Dip: Key Facts
by Zacks Equity Research
Chevron (CVX) reached $159.18 at the closing of the latest trading day, reflecting a +1.12% change compared to its last close.
Decades of Dividend Hikes: ExxonMobil's Secret to Investor Trust
by Nilanjan Banerjee
XOM's decades of dividend hikes, backed by its integrated model, keep risk-averse investors loyal despite oil price swings.
Investors Heavily Search Chevron Corporation (CVX): Here is What You Need to Know
by Zacks Equity Research
Zacks.com users have recently been watching Chevron (CVX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
CVX vs. EPD: Which Energy Giant Offers Better Dividend Value?
by Nilanjan Choudhury
CVX's growth from Hess and steady dividends face off against EPD's stable midstream payouts and near-7% yield in this dividend showdown.
The Zacks Analyst Blog Highlights Apple, Eli Lilly, Chevron and Monarch Cement
by Zacks Equity Research
Apple, Eli Lilly, Chevron, and Monarch Cement show mixed performance, with growth in services, strong drug demand and strategic acquisitions.
Top Analyst Reports for Apple, Eli Lilly & Chevron
by Mark Vickery
Apple grows Services with over 1B subscribers, while Eli Lilly and Chevron face mixed industry and market dynamics.
EIA Expects Oil Price to be Weaker: Can ConocoPhillips Survive?
by Nilanjan Banerjee
COP faces weaker oil prices, but low-cost operations in key U.S. shale plays could help sustain profitability.
Chevron Targets European LNG Growth With Regasification Plans
by Zacks Equity Research
CVX explores European regasification projects to expand LNG reach, boost security and strengthen its global gas portfolio.
Chevron & Anadarko Join Forces to Explore Peru's Offshore Basin
by Zacks Equity Research
CVX, Anadarko and Westlawn join forces in Peru's Trujillo basin, aiming to spark an energy revival with seismic studies and billion-dollar investments.
Oil & Gas Stock Roundup: LNG Deals Steal Market Attention
by Nilanjan Choudhury
SHEL, NEXT, EQT, CVX and XOM emerge as the energy headline makers during the week.
Chevron Reshapes Portfolio With Singapore Refinery Stake Exit
by Zacks Equity Research
CVX plans to exit its Singapore refinery stake, with Vitol and Glencore emerging as top contenders in a $1 billion deal reshaping Asia's energy trade.