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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.
Oil Price Slips as EIA Reports Surprise Rise in U.S. Supplies
by Nilanjan Choudhury
But losses were likely limited as the oil market braced itself for potential supply disruptions from Hurricane Delta.
Oil Price Ticks Up as Hurricane Delta Rages Toward Gulf Coast
by Zacks Equity Research
The uptick in oil price, owing to hurricane Delta, is expected to be short-lived, providing no major support to upstream energy firms.
Chevron (CVX) Stock Moves -0.55%: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed at $72.30 in the latest trading session, marking a -0.55% move from the prior day.
Occidental (OXY) to Sell Onshore Assets in Colombia for $825M
by Zacks Equity Research
Occidental Petroleum (OXY) decides to dispose its onshore assets in Colombia to The Carlyle Group for a deal value of $825 million. This will help the company decrease its debt burden.
Devon Sells Barnett Shale Assets, to Focus on Oil Resources
by Zacks Equity Research
Devon Energy (DVN) completes the sale of its Barnett Shale assets, which improves its liquidity. This will allow the company to focus on oil rich basins.
Shell Renews Q3 Outlook, Plans to Cut 10% Workforce by 2022
by Zacks Equity Research
Shell (RDS.A) expects third-quarter LNG liquefaction volumes to shrink to 7.9-8.3 million tonnes from its prior-year quarterly output of 8.95 million tonnes.
TOTAL (TOT) Puts Forward Long-Term Strategy and Outlook
by Zacks Equity Research
TOTAL (TOT) unveils long-term plan, with focus on expanding LNG and renewable businesses. The company aims to cut costs by $2 billion by 2023.
Zacks Market Edge Highlights: Chevron, Exxon Mobil, BP, Pfizer and Bank of America
by Zacks Equity Research
Zacks Market Edge Highlights: Chevron, Exxon Mobil, BP, Pfizer and Bank of America
Chevron (CVX) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed the most recent trading day at $72, moving +0.14% from the previous trading session.
Should you Buy Big Dividend Paying Stocks?
by Tracey Ryniec
ExxonMobil has a dividend yielding almost 10%. Is it risky to buy the big dividend payers or is it a golden opportunity?
Shell Puts Up Stakes in Malampaya Gas Project for Sale
by Zacks Equity Research
Shell is looking to sell its stake in Philippines' Malampaya Gas Project to secure long term sustainability of its business and grow in the new normal.
TOTAL Buys Blue Point London, Widens Vehicle Charging Network
by Zacks Equity Research
TOTAL (TOT) further expands electric vehicle charging operations in Europe through the acquisition of Blue Point London from the Bollor?? Group.
Top Research Reports for Amazon, Medtronic & CME
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Amazon.com (AMZN), Medtronic (MDT) and CME Group (CME).
Devon & WPX Energy Eyeing Permian Dominance Through Merger
by Jewel Saha
Per a media report, Devon (DVN) and WPX Energy (WPX) are in merger talks, which will create another company with a strong presence in the prolific Permian Basin.
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
TOTAL Partners Ignis to Expand Renewable Operations in Spain
by Zacks Equity Research
TOTAL (TOT) to expand renewable operations in Spain via an agreement with Ignis. The company aims to provide clean electricity to its all industrial sites in Europe by 2025 from solar farms in Spain.
Can Oil Project Approvals Return to Pre-Coronavirus Level in 2022?
by Sayantika Bhattacharya
As a result of the coronavirus-induced ailing market condition, offshore commitments are now estimated to be $34 billion in 2020, reflecting a third of $101 billion reported in 2019.
Chevron Staff Gets Cut-Off Date to Remove Wechat From Phones
by Zacks Equity Research
Chevron (CVX) dubs WeChat a ''non-compliant application'' and sets a deadline of Sep 27 for its employees to delete the app from their work handsets for an uninterrupted access to the company's network.
Can E&P Firms Attract Patient Capital Amid the Coronavirus Crisis?
by Nilanjan Banerjee
The world still needs huge oil production for coming years despite many analysts thinking that demand for the commodity will peak soon.
Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Chevron (CVX) closed the most recent trading day at $75.53, moving -1.01% from the previous trading session.
The Zacks Analyst Blog Highlights: AAPL, AMZN, CVX, AZN and QCOM
by Zacks Equity Research
The Zacks Analyst Blog Highlights: AAPL, AMZN, CVX, AZN and QCOM
Chevron's (CVX) Australian Plants to Lay Off 20-30% Workforce
by Zacks Equity Research
Chevron (CVX) is trimming about 410 employees from its production hubs in Australia as the Gorgon liquefied natural gas facility took a severe hit from welding defects.
Oil & Gas Stock Roundup: Chevron's Ecuador Win, Eni's Egypt Gas Find & More
by Nilanjan Choudhury
The District Court of The Hague ruled in favor of U.S. energy major Chevron (CVX) in an environmental dispute with Ecuador, while Italy's Eni (E) made a new gas discovery offshore Egypt.
The Hague Court Ruling Favours Chevron in Ecuador Dispute
by Zacks Equity Research
The decision by the District Court of The Hague follows verdicts of courts in Argentina, Brazil, Canada, Gibraltar and the United States, thus condemning the Ecuadorian judgment against Chevron (CVX).
Top Research Reports for Apple, Amazon & Chevron
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Apple (AAPL), Amazon.com (AMZN) and Chevron (CVX).