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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.
Chevron (CVX) Reports Q2 Loss, Lags Revenue Estimates
by Zacks Equity Research
Chevron (CVX) delivered earnings and revenue surprises of -70.97% and -34.13%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Oil & Gas Q2 Earnings to Watch on Jul 31: XOM, CVX, PSX & IMO
by Nilanjan Banerjee
The partial recovery of oil price in Q2 is likely to have lent some support to the upstream business.
TOTAL (TOT) Q2 Earnings Surpass Estimates, Sales Drop Y/Y
by Zacks Equity Research
TOTAL's (TOT) second-quarter earnings surpass expectation. However, its top line declines year over year due to drop in commodity prices and production volumes.
Shell (RDS.A) Q2 Earnings Top Estimates on Trading Gains
by Zacks Equity Research
During Q2, Royal Dutch Shell (RDS.A) generated cash flow from operations of $2.6 billion, returned $1.2 billion to shareholders through dividends and spent $3.6 billion cash on capital projects.
Big Oil Q2 Earnings Preview: What Awaits XOM, CVX, RDS.A & BP
by Nilanjan Choudhury
The full impact of the coronavirus pandemic and the oil price slump may only have been felt in the April-June period when crude plunged into negative territory briefly.
Helmerich & Payne (HP) Incurs Narrower-Than-Expected Q3 Loss
by Zacks Equity Research
In addition to the cost containment initiatives announced previously, Helmerich & Payne (HP) expects to lower its cost structure by a further $25 million annually.
What's in the Cards for Chevron (CVX) This Earnings Season?
by Zacks Equity Research
Chevron (CVX) slashes its current-year capex view to $14 billion from the earlier trimmed estimate of $16 billion. This strategic action is likely to drive its Q2 results.
4 Oil & Gas Earnings to Watch on Jul 29: FTI, CXO, APA & HES
by Nilanjan Choudhury
Lower oil and gas prices are expected to have hurt hurt Q2 earnings of energy companies.
Murphy USA (MUSA) Stock Hits New 52-Week High on Q2 Earnings
by Zacks Equity Research
Murphy USA's (MUSA) retail fuel contribution was up 76.4% year over year to $268.8 million driven by soaring margins, which jumped to 31.7 cents per gallon from 13.4 cents in the year-ago period.
Patterson-UTI (PTEN) Incurs Narrower-Than-Expected Q2 Loss
by Zacks Equity Research
Patterson-UTI's (PTEN) key Contract Drilling segment saw its average rig margin per day improve 10.9% year over year to $11,280 in the second quarter.
Markets Remain Calm But More Data and Earnings are Coming
by David Borun
Equities trend sideways as we wait for Congress and 30% of the S&P is set to report results.
Analysts Estimate Chevron (CVX) to Report a Decline in Earnings: What to Look Out for
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.
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Royal Dutch Shell, TOTAL and Equinor ASA
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Royal Dutch Shell, TOTAL and Equinor ASA
The Technology Sector Shows its Earnings Power Amid Coronavirus
by Sheraz Mian
Total earnings for these Tech companies are down -5.2% on +1% higher revenues...
Refining May Fail to Save Low Crude Price-Hit Big Oil in Q2
by Kaibalya Pravo Dey
Coronavirus-induced lockdowns and travel bans have caused massive demand destruction around the globe, thereby pushing down crude prices.
Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $91.04, marking a -0.38% move from the previous day.
The Zacks Analyst Blog Highlights: Bank of America, Abbott Laboratories, Chevron, Danaher and GlaxoSmithKline
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Bank of America, Abbott Laboratories, Chevron, Danaher and GlaxoSmithKline
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
by Zacks Equity Research
Sector ETF report for FENY
New Strong Buy Stocks For July 22nd
by Tirthankar Chakraborty
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Energy ETFs to Surge on Chevron-Noble Energy Deal
by Sweta Killa
Chevron has agreed to buy Noble Energy for $5 billion in an all-stock deal that will represent the biggest deal in the U.S. energy space since the COVID-19 pandemic.
Stock Market News for Jul 21, 2020
by Zacks Equity Research
U.S. stock markets closed higher on Monday as the tech rally resumed after the gap of a week.
Oil & Gas Stock Roundup: Chevron's $5B Noble Buy, Halliburton's Q2 & More
by Nilanjan Choudhury
Chevron (CVX) agreed to buy Texas-based upstream company Noble Energy (NBL) for roughly $5 billion in stock. Meanwhile, oilfield service biggie Halliburton (HAL) reported second-quarter earnings.
Noble (NBL) to be Acquired by Chevron in All-Stock Deal
by Zacks Equity Research
Noble Energy (NBL) enters into a definite agreement to be acquired by Chevron in an all-stock transaction.
Chevron (CVX) Inks $5B Acquisition Deal With Noble Energy
by Zacks Equity Research
The buyout of the Noble Energy is anticipated to expand Chevron's (CVX) presence in the DJ and Permian basins while also introducing it to the energy sector in Israel.
Can Schlumberger (SLB) Keep Its Earnings Streak Alive in Q2?
by Zacks Equity Research
The partial recovery in oil prices is likely to have supported Schlumberger's (SLB) oilfield service business in Q2.