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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.
Pioneer Natural (PXD) Divests Texas Acres to Laredo for $230M
by Zacks Equity Research
Cash from offloading some of its assets can enable Pioneer Natural (PXD) to reduce debt burden and provide its balance sheet with some breathing room.
ExxonMobil's (XOM) Petrochemical JV Eyeing Initial Startup
by Zacks Equity Research
ExxonMobil's (XOM) mono-ethylene glycol unit in the Petrochemical JV is likely to be the world's largest of its kind, with 1.1 million metric tons per annum of capacity.
ConocoPhillips' (COP) $9.5B Accord to Boost Permian Presence
by Zacks Equity Research
With the latest deal closure, likely in the fourth quarter of this year, ConocoPhillips (COP) is likely to be able to produce 200 MBOE/D daily.
Pioneer Natural (PXD) Likely to Divest Delaware Basin Assets
by Zacks Equity Research
Pioneer Natural (PXD) is expecting to generate more than $2 billion from the planned divestment.
Sinopec (SNP) Foresees China Oil Consumption to Peak Around 2026
by Zacks Equity Research
Sinopec (SNP) expects crude oil consumption in China to peak at 16 million barrels per day.
Halliburton (HAL) Acquires Well-Drilling Contract in Israel
by Zacks Equity Research
Halliburton (HAL) will execute a well drilling campaign off the coast of Israel, which involves three firms and two optional wells.
Shell (RDS.A) to Build Dutch Biofuels Facility to Cut Emissions
by Zacks Equity Research
Shell's (RDS.A) 820,000-tonne-per-year biofuels facility in Rotterdam is anticipated to start producing in 2024.
Key Highlights From Chevron's (CVX) ESG Investor Day
by Zacks Equity Research
Chevron (CVX) said that it will invest $10 billion in clean energy through 2028, more than triple the $3 billion earmarked earlier, and repeated its pledge to cut carbon intensity by 35% within 2028 relative to 2016.
Chevron (CVX) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $97.32 in the latest trading session, marking a -0.94% move from the prior day.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
Chevron (CVX) Joins Enterprise on CCUS Project to Cut Emission
by Zacks Equity Research
Per Chevron (CVX) and Enterprise Products, which had earlier coordinated on business opportunities, they are well-equipped to complement each other in chasing CCUS successfully.
Top Ranked Income Stocks to Buy for September 15th
by Zacks Equity Research
SUN, CVX, UMPQ, and JHG made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 15, 2021.
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Williams, Enbridge and Suncor Energy
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Williams, Enbridge and Suncor Energy
Top Stock Reports for Visa, salesforce & Morgan Stanley
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Visa Inc. (V), salesforce.com, inc. (CRM), and Morgan Stanley (MS).
Chevron (CVX), Mercuria to Form JV to Buy American Natural Gas
by Zacks Equity Research
Chevron (CVX) plans to increase its renewable natural gas production by ten-fold within 2025 from its 2020-levels as part of its healthier returns and lower-carbon strategy.
Caterpillar (CAT) Buys CarbonPoint, Furthers Sustainability Goals
by Zacks Equity Research
Caterpillar (CAT) acquires carbon capture technology company, CarbonPoint Solutions, which will help it in achieving its sustainability goals.
Kinder Morgan (KMI) to Modify Harvey for Neste's Green Fuel
by Zacks Equity Research
Kinder Morgan's (KMI) long-term contract with Neste is likely to enhance the sustainability of its Louisiana assets while reducing logistics costs of the latter.
3 Reasons Why Chevron is a Better Big-Oil Stock Than ExxonMobil
by Nilanjan Banerjee
Chevron (CVX) has major advantages over ExxonMobil (XOM) based on three prime factors.
ExxonMobil & Chevron Highlight the Oil & Gas Stock Roundup
by Nilanjan Choudhury
Apart from ExxonMobil (XOM) and Chevron (CVX) there was news from The Williams Companies (WMB), Enbridge (ENB) and Suncor Energy (SU) during the week.
Chevron (CVX), Gevo to Collaborate on Sustainable Aviation Fuel
by Zacks Equity Research
Chevron (CVX) will have the right to offtake about 150 million gallons, annually, to market to customers besides co-funding one or more projects with Gevo.
RDS.A vs. CVX: Which Stock Is the Better Value Option?
by Zacks Equity Research
RDS.A vs. CVX: Which Stock Is the Better Value Option?
Eni (E) Affiliate Wins Drilling Permit for Barents Sea Wildcat
by Zacks Equity Research
Eni's (E) subsidiary, VarEnergi, is likely to use the Scarabeo 8 drilling rig to drill the wildcat well in the Barents Sea.
Shell (RDS.A) to Mandate COVID-19 Vaccines for Offshore Workers
by Zacks Equity Research
Shell (RDS.A) is considering imposing a vaccine mandate for specific operations, which would include offshore operations, mainly in the Gulf of Mexico.
Zacks Value Investor Highlights: AbbVie, Chevron, RH, Aon and Kroger
by Zacks Equity Research
Zacks Value Investor Highlights: AbbVie, Chevron, RH, Aon and Kroger
Chevron (CVX) Stock Moves -0.4%: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $96, marking a -0.4% move from the previous day.