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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.
3 Oil Stocks to Gain Traction From Crude Trading Above $50
by Nilanjan Banerjee
With lower cost structures, oil majors are now in a better position as oil price recovers considerably. Energy players that are well poised to grow are COP, PXD and CVX.
Oil Rally Takes a Breather Amid Rising Fuel Inventories
by Nilanjan Choudhury
Some of the top gainers of the S&P 500 during the past three months are energy-related names like Occidental Petroleum (OXY), Diamondback Energy (FANG), Devon Energy (DVN), Marathon Oil (MRO) and Apache (APA).
Shell (RDS.A) to Slash 330 Jobs in North Sea Amid Coronavirus
by Zacks Equity Research
Shell (RDS.A) plans to terminate 330 employees at its North Sea operations in Aberdeen over the next couple of years, thus reducing its workforce to 1,000 in the Scottish city.
Shell (RDS.A) Recommences Prelude Floating LNG Plant Operations
by Zacks Equity Research
Shell (RDS.A) restarts production of liquefied natural gas at its Prelude offshore project in Australia after almost a 12-month hiatus.
Noble Midstream (NBLX) & Chevron Boost Presence in DJ Basin
by Zacks Equity Research
To fortify its present foothold in DJ Basin, Noble Midstream (NBLX) signs a contract with the units of Chevron and Energy Transfer to execute oil transmission services.
A Look Back At the News Stories That Shaped Energy in 2020
by Nilanjan Choudhury
The coronavirus pandemic led to plummeting energy demand and prices. Even supermajors like Royal Dutch Shell (RDS.A) and BP plc (BP) were forced to slash their prized dividend to stay afloat.
Chevron (CVX) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $90.22 in the latest trading session, marking a +0.47% move from the prior day.
U.S. Crude Hits Highest Price in 11 Months: Here's Why
by Nilanjan Choudhury
Some of the top gainers of the S&P 500 during the past three months are energy-related names like Occidental Petroleum (OXY), Diamondback Energy (FANG), Devon Energy (DVN), Marathon Oil (MRO) and Apache (APA).
The Zacks Analyst Blog Highlights: Facebook, Berkshire Hathaway and Chevron
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Facebook, Berkshire Hathaway and Chevron
Company News for Jan 6, 2021
by Zacks Equity Research
Companies in The News Are: CHA,CHL,QCOM,CVX,FUBO
EQT Corp (EQT) Reports 2020 Proved Reserve Growth of 13%
by Zacks Equity Research
EQT announced that to prepare for any downside risk of commodity price, it hedges roughly 80% of its expected production in 2021.
Q4 Earnings Season Preview and Analyst Reports for Facebook, Chevron & Others
by Sheraz Mian
Today's Research Daily provides a preview of the coming Q4 reporting cycle, in addition to featuring new research reports on 16 major stocks like Facebook (FB), Chevron (CVX) and others.
Energy Stocks Move Higher After EIA Reports Big Crude Draw
by Nilanjan Choudhury
The energy sector led the S&P yesterday with notable movers being Devon Energy (DVN), Diamondback Energy (FANG), Occidental Petroleum (OXY), EOG Resources (EOG), Pioneer Natural Resources (PXD) and Marathon Oil (MRO).
Oceaneering to Supply Hydraulic Connection Hardware for Chevron
by Zacks Equity Research
Oceaneering (OII) wins a contract from OneSubsea to supply subsea hydraulic hardware to Chevron (CVX) for the latter's Anchor field development project.
Chevron (CVX) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed the most recent trading day at $84.61, moving -0.34% from the previous trading session.
Energy M&A: 5 Biggest Deals of 2020 & the Outlook for 2021
by Nilanjan Choudhury
Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
Energy Stocks Rally as U.S. Crude & Fuel Inventories Drop
by Nilanjan Choudhury
The energy sector was the leading S&P performer yesterday with the notable movers being Diamondback Energy (FANG), Marathon Oil (MRO), Occidental Petroleum (OXY), TechnipFMC (FTI) and Devon Energy (DVN).
Why Chevron (CVX) Is Not Yet a "Buy" Despite Fundamental Strength
by Nilanjan Choudhury
The oil price slump has greatly impacted the results of Chevron's (CVX) upstream unit for obvious reasons but even the downstream segment numbers have been dragged down by lower petroleum products demand.
Chevron (CVX) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $85.69 in the latest trading session, marking a +1.58% move from the prior day.
ExxonMobil or Chevron: Which Stock Will Gain Big in 2021?
by Nilanjan Banerjee
Big energy names are in a much better position to combat the pandemic as size and diversification are their key strengths. Two such big energy majors are ExxonMobil (XOM) and Chevron (CVX).
Stock Market News for Dec 22, 2020
by Zacks Equity Research
Benchmarks closed mixed on Monday after news regarding a fast-spreading mutation of coronavirus strain sparked fear across Europe and weighed on investors¿¿¿ sentiment.
4 Oil & Gas Drilling Stocks to Withstand Industry Turmoil
by Nilanjan Choudhury
Driven by greatly reduced costs amid stronger operating efficiencies, the Zacks Oil and Gas - Drilling industry operators like Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN) and Nabors Industries (NBR) are well equipped to deal with the prevailing market headwinds.
Shell (RDS.A) Renews Q4 View, Foresees $3.5-$4.5B Write-Offs
by Zacks Equity Research
Shell (RDS.A) expects its post-tax impairment charges between $3.5 billion and $4.5 billion for the fourth quarter of 2020.
Earthstone (ESTE) to Acquire E&P Firm, Add Midland Basin Assets
by Zacks Equity Research
Earthstone Energy's (ESTE) acquisition of Independence Resources Management is expected to be valued at less than $185.9 million.