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Chevron Corporation Message Board

  • dlavine78 dlavine78 Jun 4, 2014 5:39 PM Flag

    Spin off

    Why can't CVX spin off its refining arm like COP and allow the shareholders to finally realize some price appreciation on this stock after 2 years of stagnation in a roaring bull market. Stockholders appear to be losing patience as these big far away projects bleed shareholder money at an ever faster rate (way above company estimates) while the payoff recedes farther and farther into the future (if there will ever be a payoff). There are two remaining integrated US oil companies XOM and CVX as they have both badly performed the other oils and the averages for quite sometime. (Although CVX has done better than Exxon and is better managed. It has avoided some of Exxon's really stupid mistakes like all the deals with Russia and the XTO acquisition.)

77.64+4.55(+6.23%)Aug 27 4:01 PMEDT