42.28 +0.37 (0.88%)
Pre-Market: 6:52AM EDT
|Bid||42.15 x 1400|
|Ask||42.19 x 1400|
|Day's Range||41.70 - 42.07|
|52 Week Range||33.90 - 47.83|
|PE Ratio (TTM)||31.61|
|Forward Dividend & Yield||2.40 (5.22%)|
|1y Target Est||49.08|
Aug.02 -- European executives discuss the challenges and downside risks they expect in the second-half of the year; including rising fuel prices and the impact of President Trump's tariffs on European companies. They spoke to Bloomberg Europe during the first-half earnings season.
Moody's Investors Service has affirmed the A1 domestic issuer and foreign currency senior unsecured ratings of Petroliam Nasional Berhad (PETRONAS). At the same time, Moody's has also affirmed (1) the A1 rating on the senior unsecured notes issued by PETRONAS Capital Limited and guaranteed by PETRONAS, (2) the (P)A1 rating on the $15 billion medium-term note (MTN) program set up by PETRONAS Capital Limited and guaranteed by PETRONAS, and (3) the A1 rating on the sukuk issued through PETRONAS Global Sukuk Ltd.
After months of delays, disasters and bad PR, Exxon’s Papua New Guinea project seems to be on its way up, and with the trade war escalating, it could end up being more profitable than expected
A rise in oil prices altered BP’s (BP) segment dynamics in the second quarter. BP’s adjusted EBIT rose YoY (year-over-year) from $2.2 billion to $5.4 billion, and each of its segments’ contributions changed radically.
Previously, we looked at BP’s (BP) upstream earnings outlook. Let’s now look at its downstream earnings. The company’s downstream earnings depend on its refining margin, which is influenced by refining cracks for the regions it operates in: the USNW (US North West), the USMW (US Midwest), NWE (Northwest Europe), the Mediterranean, and Australia.
BP ’s blockbuster $10.5bn deal for a portfolio of shale oil assets from BHP Billiton was not only its biggest acquisition in almost 20 years, it signalled the company’s big comeback into the US following ...
In the preceding part, we analyzed institutional holdings in integrated energy stocks. Here, we’ll consider changes in short interest.
In the third quarter so far, integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have fallen. The fall was mainly due to lower oil prices, which we discussed earlier in the series.
On Wednesday, Brent Oil was down 3.5% post oil inventory data released, showing a build of 2.9 mln barrels in gasoline and build of 1.2 mln barrels in distillate. Now someone needs to pass this memo onto their relative equities that seem to ignore their positive trends! If the world really is worried about a global recession or an elevated China response to Trump's demands, why then has oil held up so well? Demand has been decent and margins have been strong all summer and refiners have been boosting their utilization of oil to produce as much gasoline (and byproduct distillate) as possible to monetize on the lucrative margins.
It's almost Friday. One step closer. But before you head home, let's go over the top stories on Thursday. Tesla's Still at it Yeah, it's still in the news. It's been two days since Elon Musk, CEO, tweeted that he plans take Tesla Inc.
Goldman Sachs reminded us just how bullish it is on BP PLC . With a "buy" rating on the oil giant, analyst Michele Della Vigna wrote in a note to clients that "BP is on the cusp of delivering one of the industry's strongest pipelines of new oil & gas projects.
The Zacks Analyst Blog Highlights: BP, Apache, Concho Resources, Petrobras and Marathon Petroleum
On the news front, major energy players BP plc (BP), Apache Corporation (APA) and Concho Resources (CXO) reported strong second-quarter earnings.
Integrated energy companies’ refining throughputs show the quantity of oil and other feedstock processed to generate refined products. ExxonMobil (XOM) had a throughput of 4.105 MMbpd (million barrels per day) in the second quarter, higher than Chevron’s (CVX), Royal Dutch Shell’s (RDS.A), and BP’s (BP). Chevron’s domestic throughputs fell due to maintenance activities.
Integrated energy companies’ upstream earnings rose in the second quarter, altering their dynamics. ExxonMobil’s (XOM) upstream earnings increased from $1.2 billion in the second quarter of 2017 to $3.0 million in the second quarter of 2018. The rise in XOM’s upstream earnings was the result of a YoY (year-over-year) surge in crude oil prices in the second quarter.
In the previous article, we learned that integrated energy stocks ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A) had missed their earnings estimates. The growth in its earnings was the result of a rise in its upstream earnings partially offset by a fall in its downstream earnings YoY (year-over-year) in the quarter. XOM’s chemical earnings also fell YoY in the quarter.
Apple and the Fed hung over July's final trading session on Tuesday, as Illumina and KLA-Tencor hinted at early strength among tech stocks.
LONDON—BP PLC on Tuesday said second-quarter profit jumped, as higher oil prices helped the company push its ambitious growth plans. The London-based energy producer said its replacement cost profit—a metric analogous to the net income that U.S. oil companies report—tripled from last year’s second quarter to $1.8 billion. After years of cost-cutting and financial restructuring when crude prices slumped, BP and other big oil companies are benefiting from a recovery in the market.
BP plc's $10.5 billion move to acquire most of BHP Billiton's shale acreage in North America 'signals a bold return by the UK oil giant to the lower 48 states,' according to Rystad Energy.
The once afterthought among the integrated oil and gas companies is making its case as a top-notch operator.
In this series, we’ve looked at Chevron’s (CVX) Q2 2018 segmental earnings. We also looked at its stock performance after its earnings release on July 27. Now, let’s examine analysts’ ratings for CVX stock.
Oil prices fell on Tuesday, giving up the gains from the start of the week and marking the largest monthly loss for both WTI and Brent in over a year
Chevron (CVX) posted its Q2 2018 earnings on Friday, July 27. It missed Wall Street analysts’ estimates. For more on that, please refer to Chevron’s Q2 Earnings Rise but Miss Estimates. Let’s look at Chevron’s earnings by segment.