|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||39.07 - 39.62|
|52 Week Range||33.57 - 44.62|
|PE Ratio (TTM)||38.48|
|Forward Dividend & Yield||2.40 (6.17%)|
|1y Target Est||N/A|
Chevron (CVX) is the seventh dividend-yielding stock on our list of top eight stocks. Chevron’s dividend yield currently stands at 3.7%. In 1Q18, Chevron has announced a dividend of $1.12 per share, which was announced on January 31, 2018, and paid on March 12, 2018.
In BP’s Technology Outlook 2018, the oil giant claimed that new technology could lower to production costs of oil by 30 percent
BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country's Mediterranean coast, banking sources said. The London-based company has in recent weeks pitched to potential buyers its stake in Gulf of Suez Oil Company (GUPCO), a joint venture with the Egyptian General Petroleum Corporation (EGPC) that was set up in the 1960s.
BP Plc has begun a process to sell mature oil fields in Egypt as it shifts investment in the country to natural gas, according to people with knowledge of the matter.
ExxonMobil (XOM) stock is covered by 24 Wall Street analysts. Seven of them (or 29%) have given the stock a “buy” or “strong buy” recommendation. The remaining five (or 21%) have recommended a “sell” or “strong sell.” ExxonMobil’s mean target price of $86 per share implies a 16% gain from the current level.
Oil futures reversed earlier losses Wednesday despite official government data showing domestic inventories rose more sharply than expected as the U.S. shale industry continues to flourish.
Spencer Dale, BP Plc's chief economist, discusses the outlook for oil demand and the energy industry. He spoke with Bloomberg's Alix Steel on March 1. (Source: Bloomberg)
Strong portfolio of upstream projects, positive free cash flow and positive earnings estimate revisions make BP a compelling buy apart from being undervalued.
Considering the addition to plant, property, and equipment and the dividend payments, XOM’s cumulative cash outflows were $28.4 billion in 2017. ExxonMobil’s cash flow surplus, when measured as a percentage of cash from operations, was 6% in 2017.
Its cash outflow from investing stood at $8 billion in 2017 compared to $30.9 billion in 2016, which included costs related to the BG Group acquisition. Also, in 2017, cash outflows from financing were $26.4 billion due to net debt outflows and dividend outflows. In 2017, Shell generated $35.7 billion in cash from operations but had a cash outflow of $20.8 billion in the form of capital expenditure and $10.9 billion in the form of dividends, amounting to a total of $31.7 billion of cash outflow.
Oil major BP Plc (BP.L) expects more than 90 percent of the world's shipping fleet will comply with new regulations slashing sulphur levels ships are allowed to burn starting 2020, a company executive said on Tuesday. Coming International Maritime Organization (IMO) rules will cut the amount of sulphur emissions that ships worldwide are allowed from 3.5 percent to 0.5 percent by 2020. "Potential non-compliance is a significant issue that the market has been contending with," Jason Breslaw, who leads BP's distillate trading origination across the Americas, said at an industry conference in New Orleans.
Royal Dutch Shell’s (RDS.A) net debt-to-adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) was 1.5x in 4Q17, below the average industry ratio of 1.6x. Another parameter to compare leverage is Shell’s total debt-to-total capital ratio. In 4Q17, Shell’s (RDS.A) net debt fell 11% over 4Q16.
Zacks Industry Outlook Highlights: Continental Resources, Penn Virginia, Wildhorse Resources Development, Chevron and BP
Shell has been refining its downstream portfolio to include only its most competitive projects. Shell has exited many downstream projects, including prominent ones such as Showa Shell, the Motiva JV (joint venture), and the SADAF JV. It sold its 33% stake in Showa Shell Sekiyu KK to Idemitsu in 2016.
Mar.14 -- Spencer Dale, BP Plc's chief economist, discusses the outlook for oil demand and the energy industry. He spoke with Bloomberg's Alix Steel on March 1.