|Bid||567.90 x 330000|
|Ask||567.90 x 350000|
|Day's Range||566.40 - 572.10|
|52 Week Range||481.35 - 603.20|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||12.16|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||0.31 (5.54%)|
|1y Target Est||7.99|
Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector. Geneva-based Trafigura estimates the value of the global petrochemical market at $729 billion and growing. The joint venture will have two units - one in Houston and the other in Geneva - with a focus on bulk liquid chemicals such as sulphur byproducts from smelting rather than typical petrochemicals that are used in plastics.
Oil major BP and Azerbaijan's state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation's three major oilfields, BP-Azerbaijan said in a statement. The Azeri Central East (ACE) platform, the latest phase of Azerbaijan's giant Azeri-Chirag-Guneshli (ACG) oilfields, is expected to produce 100,000 barrels of oil a day and cost $6 billion to build, the company said. The project is one of the biggest upstream investment decisions in Azerbaijan so far this year.
What to Expect from Total’s Q1 2019 ResultsQ4 2018 estimated and actual performance Total (TOT) is expected to post its Q1 2019 results on April 26, 2019. Before we proceed with Q1 2019 estimates, let’s look at Total’s Q4 2018 performance
According to the GuruFocus All-in-One Screener, the following companies have high dividend yields but performed poorly over the last 12 months. PepsiCo Inc.'s (PEP) dividend yield is 2.94% with a payout ratio of 41%. Over the last 52 weeks, the share price has risen 17.82%.
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Short interest in BPShort interest in BP (BP) has risen by 0.04 percentage points since March 12, 2019, to its current level of 0.20%.Usually, a surge in short
In what looks like a very unlikely cooperation, Senegal and Mauretania have agreed to fast-track the mega Tortue FLNG project
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Analysts’ ratings for BP BP (BP) is expected to post its first-quarter earnings results on April 30, 2019. In this article, we’ll review analysts’ ratings for BP
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Implied volatility in BP In this article, we’ll look at BP (BP) stock’s price forecast range for the 18 days leading up to its earnings release. BP is expected to
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)BP’s returns BP’s (BP) earnings are expected to fall in the first quarter driven by lower upstream and weaker downstream earnings. Let’s review BP stock’s
RBC upgraded Marathon Oil Corporation (NYSE: MRO ) and downgraded BP plc (NYSE: BP ) Tuesday, saying growth looks good for both companies — but BP is less of a value after its recent outperformance. ...
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)BP’s downstream earningsBP’s downstream earnings are affected by its refining margin, which is driven by the regional refining cracks. BP calculates its RMM
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)BP’s upstream earningsBP’s (BP) earnings are expected to fall 12% YoY (year-over-year) in the first quarter of 2019. Now let’s review BP’s expected upstream
Deutsche Bank upgraded Netflix to buy from hold Deutsche Bank upgraded Western Digital to buy from hold Bank of America downgraded Snap-on to neutral from buy RBC downgraded British Petroleum to outperform from top pick Goldman Sachs downgraded Cisco Systems to buy from conviction buy RBC initiated Dow Inc.
The blue-chip index ended a lacklustre session about flat, lagging its European peers, while the FTSE 250 held on to its six-month high with a 0.5 percent rise as a stronger pound also aided. The pound's gains followed upbeat comments from Britain's foreign minister Jeremy Hunt on talks between the government and the opposition Labour Party to find a consensus over Brexit.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The monthly reports of the International Energy Agency and OPEC, both released this past week, reflect just how much the world's crude oil markets have tightened. The first is what OPEC refers to as the "difference" and what the IEA refers to as the "call." It's the amount of crude oil that is needed to be produced by OPEC to keep the market from drawing or building inventories.
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Chevron’s upcoming earnings results Chevron (CVX) is expected to post its first-quarter earnings results on April 26, 2019. Let’s review the stock’s dividend yield
(Reuters) - Britain's main index lost ground on Monday as miners and oil majors fell, more than offsetting gains in bank stocks. The FTSE 100 was 0.2 percent lower, lagging its European and Asian counterparts, ...
The FTSE 100 is an index that includes the top 100 companies from the London Stock Exchange. They are ranked by their market capitalization. However, market cap may not be an investor’s only interest in a stock.
Oil major Chevron Corp's $33 billion deal on Friday to acquire Anadarko Petroleum Corp has some investors and industry executives asking whether it is time for other U.S. shale oil and gas producers to consider selling themselves. Anadarko has been one of the pioneers of the shale revolution, which turned the United States into the world's biggest oil producer, overtaking Russia and Saudi Arabia. The Houston-based company's willingness to ink a sale, rather than capitalize on oil prices rebounding, illustrates the significant challenges facing many U.S. shale producers.
Pioneer, Concho and Noble Energy Inc. surged Friday after Chevron unveiled plans to buy Anadarko, a deal that expands the supermajor’s presence in the Permian region, Gulf of Mexico and East Africa. The transaction vaults Chevron into the rarefied air of rivals Exxon Mobil Corp. and Royal Dutch Shell Plc, which in turn may be roused to make acquisitions of their own.
Shares of the Houston-based petroleum firm fell quickly in morning trading after news that its higher bid wasn't enough to capture Anadarko. CNBC reported that the OXY bid more than $70 a share for Anadarko in cash and stock. The Chevron deal does not include that requirement.
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Analysts’ ratings on Chevron In April 2019, of the 25 analysts that have rated Chevron (CVX), 19 (76%) have given it “buy” or “strong buy” ratings, six (24%)
A Surprise Megadeal: Chevron to Acquire AnadarkoChevron to acquire AnadarkoChevron (CVX) has agreed to acquire energy company Anadarko Petroleum Corporation (APC). As per the agreement, Chevron will buy all the outstanding shares of Anadarko in a