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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.
Inflation Pressures Remain, But Letting Up a Tad
by Mark Vickery
We continue to see pricing pressure present, but perhaps letting up a bit from recent levels.
Chevron (CVX) Beats Q2 Earnings Estimates, Starts Buyback
by Zacks Equity Research
As of Jun 30, Chevron (CVX) had $7.5 billion in cash and cash equivalents and total debt of $43 billion with a debt-to-total capitalization of about 24.4%.
Chevron (CVX) Q2 Earnings and Revenues Surpass Estimates
by Zacks Equity Research
Chevron (CVX) delivered earnings and revenue surprises of 11.04% and 5.52%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
TotalEnergies (TTE) Q2 Earnings Beat Estimates, Sales Up Y/Y
by Zacks Equity Research
TotalEnergies' (TTE) second-quarter earnings are better than expected on the back of recovery in commodity prices. The company expects to maintain strong production volumes.
Will Upstream Business Aid ExxonMobil's (XOM) Q2 Earnings?
by Zacks Equity Research
Since ExxonMobil (XOM) has significant exposure to upstream business, the considerable improvement in oil price is likely to have aided the company's Q2 earnings.
Shell (RDS.A) Beats Q2 Earnings Estimates, Starts Buyback
by Zacks Equity Research
Royal Dutch Shell (RDS.A) generated cash flow from operations of $12.6 billion, returned $1.3 billion to its shareholders through dividends and spent $4.4 billion cash on capital projects.
Chevron (CVX) to Report Q2 Earnings: What's in the Cards?
by Zacks Equity Research
Chevron's (CVX) cost-control moves are steadily impressive and are expected to have boosted its Q2 earnings and cash flows.
REPYY or CVX: Which Is the Better Value Stock Right Now?
by Zacks Equity Research
REPYY vs. CVX: Which Stock Is the Better Value Option?
Chevron (CVX) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
Chevron (CVX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Stock Market News for Jul 22, 2021
by Zacks Equity Research
U.S. stocks closed higher for the second successive day on Wednesday, as a string of upbeat earnings coupled with renewed optimism about the nation's economic recovery gave a boost to investors' confidence.
Chevron's (CVX) Gorgon Project Misses Carbon Capture Target
by Zacks Equity Research
Per management, Chevron (CVX) cannot realize its projected injection rates with the Gorgon LNG plant only absorbing a sliver of the carbon capture predicted in its first five years of activity.
Chevron (CVX) Gains But Lags Market: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $96.53, marking a +0.59% move from the previous day.
Chevron (CVX) Signs MOU With Cummins for Hydrogen Business
by Zacks Equity Research
Chevron (CVX) is spending on lower-carbon solutions like hydrogen that will help its customers trim the carbon intensity of their companies and daily living.
Petrobras (PBR) Sells Full Papa-terra Stake for $105.6M
by Zacks Equity Research
Petrobras (PBR) sells its whole share in the Papa-terra deep-water oilfield located in Brazil's Campos Basin to 3R Petroleum Offshore S.A. for $105.6 million.
Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $101.97 in the latest trading session, marking a -1.89% move from the prior day.
Big Oil's Q2 to Gain Big Time From Commodity Price Rally
by Nilanjan Choudhury
For energy majors XOM, CVX, RDS.A, BP and TTE, the second quarter promises to be a significantly better one than the year-ago period when the energy sector was devastated by the pandemic-induced demand destruction and price plunge.
Oil & Gas Stock Roundup: Shell's Q2 Update, Eni's Ghana Find & More
by Nilanjan Choudhury
Apart from Royal Dutch Shell (RDS.A) and Eni (E), there were news from Patterson-UTI Energy (PTEN), Chevron (CVX) and TechnipFMC (FTI) during the week.
TotalEnergies (TTE) Arm Partners Mighty Distributing System
by Zacks Equity Research
TotalEnergies (TTE) enters into a partnership with Mighty Auto Parts to distribute its light vehicle lubricants across the United States and benefit from the increasing usage of light vehicles in the country.
The Zacks Analyst Blog Highlights: Amazon, PepsiCo, Chevron, CME Group and Fiserv
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Amazon, PepsiCo, Chevron, CME Group and Fiserv
Chevron (CVX) Stock Moves -0.32%: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $102.60, marking a -0.32% move from the previous day.
REPYY or CVX: Which Is the Better Value Stock Right Now?
by Zacks Equity Research
REPYY vs. CVX: Which Stock Is the Better Value Option?
TotalEnergies (TTE), Veolia to Develop Microalgae for Biofuels
by Zacks Equity Research
TotalEnergies (TTE) partners with Veolia to develop microalgae, which will ultimately assist the company in biofuel production. It strives to be a net-zero carbon emission company by 2050.
Chevron (CVX) Mulls Sale of Permian Oil Assets Worth $1B
by Zacks Equity Research
Chevron (CVX) has been assessing additional properties in the Permian and elsewhere, and it may sell older assets later this year.
Shell (RDS.A) Aims to Boost Returns on Stronger Outlook
by Nilanjan Choudhury
Royal Dutch Shell (RDS.A) released a preliminary report for the second quarter wherein it vowed to keep a tight lid on capital expenditures as it aims to spend less than $22 billion for the year.
Stock Market News for Jul 7, 2021
by Zacks Equity Research
Wall Street closed mixed on Tuesday following moderate economic data and flip flop in oil prices.