Previous Close | 145.66 |
Open | 144.61 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 142.79 - 143.16 |
52 Week Range | 142.79 - 143.16 |
Volume | |
Avg. Volume | N/A |
Market Cap | N/A |
Beta (5Y Monthly) | 1.16 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | Jul 27, 2023 - Jul 31, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.
The North African nation’s vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge cash troves to invest.
An investor-driven climate change push at some of the world’s largest oil companies has stalled out. On Wednesday, Exxon Mobil and Chevron shareholders struck down a raft of proposals urging the companies to cut greenhouse-gas emissions derived from fuel consumption, put out new reports on climate benchmarks and disclose certain oil-spill risks, among other initiatives. The votes were abysmal for climate activists.
Brightmark RNG Holdings LLC is positioned to expand renewable natural gas (RNG) production with five new anaerobic digestion dairy farm projects in western Michigan, designed to convert animal waste to renewable fuels.
PacWest has said it would explore asset sales to boost liquidity. Chevron is doubling down on shale. The oil giant is acquiring rival driller PDC Energy, which holds stakes in Texas and Colorado, deepening Chevron’s commitment to oil-and-gas drilling in the U.S.
(Bloomberg) -- The number of fires burning in Canada’s top energy-producing province of Alberta continued to decline amid cooler weather, allowing more companies to restore oil and gas production that had been shut earlier in the month. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to
Raven SR Inc. (Raven SR), a renewable fuels company, announced today the unanimous approval of its California Environmental Quality Act (CEQA) permit by the Richmond City Council on May 16 for Raven SR's first organic waste-to-hydrogen bioenergy project, which will be located in Richmond, California. This permit marks a significant step in approving the world's first Steam/CO2 Reforming hydrogen production facility using diverted waste as a feedstock.
Chevron’s latest acquisition shows that the best deals on the oil patch may be smaller operators with geographic concentration.
[**Micron Technology (MU)**](https://www.wsj.com/market-data/quotes/MU)**:** The chip maker fell 4% after [Beijing banned Chinese companies from buying the company's products](https://www.wsj.com/articles/beijing-bans-micron-as-supplier-to-big-chinese-firms-citing-national-security-5f326b90).
Some Wall Street analysts believe Chevron's $6.3 billion deal for rival driller PDC Energy is a steal. The [acquisition](https://www.wsj.com/articles/chevron-to-buy-pdc-energy-in-6-3-billion-stock-swap-d8835eee?mod=lead_feature_below_a_pos1), which expands Chevron's shale footprint in Colorado, Wyoming and Texas, represents an 11% premium to PDC shares' close on Friday.
Chevron deepened its commitment to oil-and-gas drilling in the U.S., spending more than $6 billion to acquire a rival with sizable operations in Texas and Colorado. In buying PDC Energy in a $6.3 billion all-stock deal, the U.S. oil major is aiming to build a bigger foothold in two prolific oil patches, particularly the Denver-Julesburg Basin that straddles Colorado and Wyoming, a region where Chevron already has a large stake. The transaction also boosts Chevron’s position in its major U.S. onshore play, the Permian Basin of West Texas and New Mexico, the most prolific American oil patch but one where Chevron and many other companies have seen well-productivity issues over the past year.
Yahoo Finance Live discusses top stock market movers such as Chevron, PacWest and Micron.
SAN RAMON, Calif. and DENVER, Colo., May 22, 2023--Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron’s closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share. The total enterprise value, includin
CapWealth CIO Tim Pagliara joins Yahoo Finance Live to discuss his top stock picks, Berkshire Hathaway stock, and what stocks to avoid.
Stocks moving in after-hours: Berkshire Hathaway, Capital One, Beam, Tesla
SAN RAMON, Calif., May 15, 2023--Today, Chevron Products Company, a subsidiary of Chevron, U.S.A. announced Delo® 600 ADF 10W-30 and Delo® 600 ADF 15W-40 heavy-duty engine oils are approved for use in Cummins mobile natural gas engines. The Cummins’ approval process requires two years of field testing in Cummins engines sold to the on-highway market, followed by a tear-down of the engines and review by Cummins. After putting Delo 600 ADF through this rigorous process, it has now received approva
Tortoise Portfolio Manager Rob Thummel analyzes energy market trends, the direction of oil trading amid pressures tied to OPEC+ production cuts, and the outlook for renewable energy producers.
Shares of [oil-and-gas companies](https://www.wsj.com/articles/theres-only-one-stock-market-sector-in-the-green-this-year-11647947850?mod=article_inline) led the market last year. This year, they are the biggest laggards.
Wall Street has a few ideas on how to spend it—and new drilling isn’t near the top of the list. Many companies are cutting costs and raining cash on stock pickers like Berkshire Hathaway Warren Buffett, who believe the world’s thirst for oil will continue for years, if not decades, to come. The promise of money returned to shareholders helped turn energy shares into some of the few bright spots in a dark moment for markets last year, fueled by commodity prices that skyrocketed after Russia’s invasion of Ukraine.
Billionaire investor Warren Buffett hosted the Berkshire Hathaway (BRK.A) annual shareholders meeting on Saturday, May 6, 2023 in Omaha, Nebraska. During the wide-ranging Q&A sessions, Buffett, the company’s CEO and Chairman, and Vice Chairman Charlie Munger answered questions from shareholders about the overall health of the economy, inflation, the regional bank crisis and artificial intelligence. The annual shareholders meeting took place just days after the Federal Reserve raised interest rates by 0.25% to a new 16-year high above 5% . Yahoo Finance’s Brian Sozzi and Myles Udland provide an overview and key takeaways from Saturday’s event. Key Moments: 00:02:43 breakdown of Buffett’s comments on banking 00:04:00 analyzing what Buffett and Munger said on AI 00:05:54 what Buffett and Munger said about “value investing”
Warren Buffett addressed his stake in Apple and Occidental Petroleum (OXY), and shared his concerns about the video streaming business on Saturday. Buffett hosted the Berkshire Hathaway Annual Shareholders Meeting in his hometown of Omaha, Nebraska. The legendary investor was joined by Berkshire Hathaway (BRK-A) Vice Chairman Charlie Munger. When asked about his investment in Apple (AAPL), Buffett said, “I don't understand the phone at all, but I do understand consumer behavior." “Apple is not 35% of Berkshire's portfolio… it just happens to be a better business than any business we own.” He later made comments about his strategy in the energy sector, telling Berkshire shareholders the holding company is not "going to be making an offer for control of Occidental [Petroleum].” Find more special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting on YahooFinance.com.
Despite speculation, Berkshire Hathaway doesn't want to own a controlling share of Occidental Petroleum, Warren Buffett said on Saturday.
Warren Buffett will take center stage on Saturday, May 6 as Berkshire Hathaway (BRK-A) hosts its annual shareholders meeting in Omaha, Nebraska. The event has been dubbed the ‘Woodstock of Capitalism’, drawing attention from a wide range of investors, market watchers, and economists, all hoping to get a glimpse of the magic that inspired Buffett’s legendary career. Yahoo Finance is on the ground in Omaha with special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting. Here are the top 3 things we’re watching for ahead of Saturday’s big event: Buffett’s comments on the banking crisis The state of the U.S. economy Warren Buffett’s top stock picks
Many financial experts are talking up the prospect of a recession hitting this year and one legendary investor agrees with that line of thought. “We’re gonna have a hard landing and a bad recession in the U.S,” Stanley Druckenmiller has said, “probably sometime later this year.“ Druckenmiller now manages his investing affairs through his Duquesne Family Office, yet he had outsized success as a hedge fund manager for 30 years and is worth ~$6.4 billion. So, it’s definitely worth listening to his
One of the most successful stock pickers of all time admitted years ago that he was “dead wrong” on an earlier oil-company investment. What’s changed?