CVX - Chevron Corporation

NYSE - NYSE Delayed Price. Currency in USD
+2.62 (+2.16%)
At close: 4:04PM EDT

124.40 +0.27 (0.22%)
Pre-Market: 5:42AM EDT

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Previous Close121.50
Bid124.39 x 1100
Ask125.40 x 900
Day's Range122.97 - 125.27
52 Week Range100.22 - 127.60
Avg. Volume5,513,371
Market Cap235.632B
Beta (3Y Monthly)0.84
PE Ratio (TTM)16.08
EPS (TTM)7.72
Earnings DateOct 31, 2019 - Nov 4, 2019
Forward Dividend & Yield4.76 (3.92%)
Ex-Dividend Date2019-08-16
1y Target Est138.00
Trade prices are not sourced from all markets
  • Attack on Saudi Arabia's oil infrastructure 'may have been an overstep': expert on Iran
    Yahoo Finance

    Attack on Saudi Arabia's oil infrastructure 'may have been an overstep': expert on Iran

    Iran denies any role in the attack on Saudi Arabia's oil infrastructure but analysts say evidence points to Iran and they are calling for a response that may include military action against Iran.

  • Saudi Aramco Attacks: Crude Oil Shock and Your Stocks
    Market Realist

    Saudi Aramco Attacks: Crude Oil Shock and Your Stocks

    Two Saudi Aramco crude oil facilities were attacked by Iran-backed Houthi rebels using drones. At 10:23 AM, Brent crude oil was trading up 11.2% at $67.

  • Bloomberg

    Chevron Can Resume Saudi-Kuwait Oil Field Quickly If Needed: CEO

    (Bloomberg) -- Chevron Corp. could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, Chief Executive Officer Mike Wirth said in an interview with CNBC.The zone can produce as much as 500,000 barrels a day but has been shuttered for at least four years due to a dispute between the two countries.Key TakeawaysThe partition zone, or PZ, is one of several non-producing fields across OPEC countries that could be restarted to fill a void in global oil supply, Wirth said after an attack on Saudi Arabian oil facilities reduced output from the world’s largest crude exporter.Kuwait officials said in July that the country is in talks with Saudi Arabia over restarting production from the field.The two sides resolved the major issues and only had technical points remaining, a person familiar with the discussions said in July.More from the CNBC interviewPresident Trump is doing “exactly the right thing” in authorizing releases from the U.S.’s Strategic Petroleum Reserve, Wirth said.It’s too early to assess the long-term impact on oil prices but the market has become too comfortable with geopolitical risk, he said. “These events demonstrate that these risks are real.”U.S. shale producers won’t immediately be able to increase production to fill the void, Wirth said. “You can’t just flip a switch.”Get MoreSee the full interview here.To contact the reporter on this story: Kevin Crowley in Houston at kcrowley1@bloomberg.netTo contact the editors responsible for this story: Simon Casey at, Catherine Traywick, David MarinoFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Stock Market Today: Crude Oil Rockets; Now What?

    Stock Market Today: Crude Oil Rockets; Now What?

    Oil prices are exploding higher on the day, with crude oil up 13% from its close on Friday. That obviously made big headlines in the stock market today, but it's not propelling energy stocks higher in the manner that many had expected.By now, many of you have likely read about the background story. For those that haven't, this is the short-but-sweet scoop. A drone strike rattled Saudi Arabia over the weekend, forcing the country to cut its oil production in half.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe move is equivalent to about 5 million barrels per day, or roughly 5% of the world's daily production.Here's where things get tricky though. Reports say that the production cut is mostly a precautionary measure and that most of that output should be back online within 48 hours.At first, many believed the attack was carried about Yemen's Houthi rebels. Now it is alleged that Iran is behind the attack, which would significantly ratchet up tensions in the Middle East and potentially implicate a response from other nations outside of it (including the United States). Oil's Big ImplicationsNow you know the backstory on why oil prices are surging. But the implications are incredibly far reaching. * 7 Tech Stocks You Should Avoid Now First, where can oil prices go? Let's keep one thing in mind: Oil prices are back to where they were in June. We're still notably away from the April highs and down significantly year-over-year. So while some may suggest that there's enough supply in the market to keep a lid on oil prices, the charts suggest there could easily be more upside.Impacting supply is a few different factors. The first, can Saudi Arabia actually get a majority of production back online in as little as two days, or is it a save-face move ahead of the eventual Saudi Aramco IPO? Second, will the U.S. and other oil-rich nations make up the difference? While 5 million barrels per day is admittedly a lot of oil, between the rest of the Organization of Petroleum Exporting Countries and the U.S., it seems like most of this deficit could be covered.Will President Donald Trump help eradicate a shortage in supply? He seems eager to, tweeting about tapping into the country's strategic oil reserves and fast-tracking pipeline permits. Lastly, will conflicts be ongoing and will tensions remain high in the Middle East? If the answer is yes, then not only are future supply disruptions possible, but energy investors will price in a risk premium to the oil market.Should we see a big spike in oil prices that sustains for months on end, that may have negative implications going into the fourth quarter and holiday seasons. The last thing consumers need -- both here in the U.S. and globally -- is a substantial rise in gas prices that persists into 2020.Finally, a bulk of Saudi Arabia's production goes to Asia. What implications could that have on China's economy, which is already feeling pressure from the trade war? Energy Stocks Make Big MovesSo far, the spike in oil has had a hit-and-miss impact on the energy sector. The Energy Select Sector SPDR Fund (NYSEARCA:XLE) climbed "just" 3.4% on the day. However, the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) jumped 8.6% in the stock market today.Exxon Mobil (NYSE:XOM), which makes up 23% of the XLE, climbed a lackluster 1.5% on the day. Chevron (NYSE:CVX) makes up 22% of the ETF and jumped just over 2%. It's becoming clear why the XLE showed such little life on the day now.Others were more pronounced, though. Schlumberger (NYSE:SLB) jumped 5.3%, while Halliburton (NYSE:HAL) climbed almost 11% on the day. These are the top two holdings in the OIH, by the way.Occidental Petroleum (NYSE:OXY), BP (NYSE:BP) and Pioneer Natural Resources (NYSE:PXD) climbed 6%, 3.9% and 6.5%, respectively.Let's see if we can get more follow through in energy stocks this week, and what oil prices do over the next few days and weeks. Movers in the Stock Market TodayIt wasn't just energy stocks posting big moves on the day. General Motors (NYSE:GM) fell more than 4% after the United Automobile Workers, comprising 50,000 members, went on a nation-wide strike. It impacts 33 production plants and 22 warehouse facilities. JPMorgan analyst Adam Jonas said it will cost GM 3 cents in earnings per share per day, but that proper inventory management and pricing changes can help offset those losses. He likes GM as a buy-the-dip candidate.Despite winning the streaming rights for the renowned hit "Seinfeld," Netflix (NASDAQ:NFLX) shares were flat on the day. While some may question who wants to watch such an old show, just remember that "Friends" is one of Netflix's top shows. It will lose "Friends" in 2020, along with its other top performer, "The Office"). Unfortunately though, the five-year "Seinfeld" deal won't start until 2021.Shares of MGM Resorts International (NYSE:MGM) were up 2.1% after reports surfaced that Blackstone (NYSE:BX) is in talks to buy the Bellagio and MGM Grand. However, those discussion appear to be ongoing, as no deal has been reached yet (or may be reached at all, for that matter).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Stock Market Today: Crude Oil Rockets; Now What? appeared first on InvestorPlace.

  • Dow Jones Today: Geopolitical Risk Returns

    Dow Jones Today: Geopolitical Risk Returns

    Geopolitical risk returned in significant fashion Monday, but fortunately, it didn't involve President Donald Trump and his Twitter (NYSE:TWTR) account. As widely reported over the weekend, drone strikes against Saudi Aramco production facilities knocked about 5% of global daily output offline.Source: ymgerman / A Yemeni militant group claimed credit for the attack, but the White House is pointing the finger at Iran, and Saudi Arabia believes it has conclusive proof that the weapons used in the attack were Iranian-made.The kingdom is now racing to restore lost production at the impaired facilities, and while some output can be restored quickly, it will likely be weeks before all that lost production is back online.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks You Should Avoid Now "While President Donald Trump hasn't directly blamed Iran for the attacks, Secretary of State Michael Pompeo has," reports Bloomberg. Two U.S. officials said the location of the damage and weapons used suggest the attack was not launched by the Houthis, who have been fighting the Saudi-led coalition in Yemen for four bruising years.Amid tensions in the Middle East, the Nasdaq Composite fell 0.28% while the S&P 500 dropped 0.31%. The Dow Jones Industrial Average slipped 0.52%, snapping its winning streak at eight days. In late trading, just seven of the Dow's 30 components were higher.Not surprisingly, Dow's big winners on the day were its two energy components - Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). The two largest U.S. oil companies each gained more than 2% to start the week.This scenario is really easy to explain: lost Saudi supply will boost demand for U.S. oil exports. The U.S. already exports 3 million barrels of crude per day, a figure that could swell to 4 million barrels due to attacks in Saudi Arabia. Apple Stock, AgainYes, Apple (NASDAQ:AAPL) sure does get a lot of run in this space, but usually with good reason. Today, the stock was one of the steadier non-energy names in the Dow, gaining 0.53% on some potentially good news regarding the recently unveiled iPhone 11. Remember that at last Tuesday's new product launch, Apple unveiled three new iPhones - the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro Max."We think there is inherent upside to Sept-qtr EPS given AAPL isn't staggering their launches but announcing all the three products simultaneously," said Evercore ISI analyst Amit Daryanan in a recent note. "This we think will have a positive impact to revenues and EPS in the sept-qtr, though depending on the reception of these products it may be more of a pulling in of revenues from Dec-qtr." Bearish Dow CommentaryShares of Dow component JPMorgan Chase (NYSE:JPM), the largest domestic bank by assets, slid almost 1% after an analyst said investors shouldn't expect JPM to keep up its lengthy out-performance of the broader financial services group. Long one of the best-performing large-cap names in the S&P 500's third-largest sector weight, JPM is up 23% this year.In a note out today, James Mitchell of Buckingham Research lowered his rating on JPM to "neutral" from "buy," noting the stock is pricey relative to rivals."After materially outpacing the peer group in recent years, [JPMorgan Chase] shares now trade at nearly a 30% premium on a [price-to-earnings] basis," said the analyst. "Much of the fundamental outperformance is being priced in." Dow Jones Bottom LineTensions in the Middle East and subsequent rises in oil prices do make for compelling headlines, but these types of events are usually short-lived. Moreover, the energy sector's weight, one largely controlled by the aforementioned Exxon and Chevron, has been declining in broader domestic equity benchmarks, so it's unlikely there's enough heft in the energy patch to lead the market higher.Indeed, there are other issues for investors to consider over the near-term. For example, China released three economic data points overnight, all of which came in lower than expected. Those were industrial production, retail sales, and fixed asset data.Additionally, the Federal Reserve meets later this week and with talk that some politically vital states are seeing economic softness, the Fed could be compelled to oblige the White House with another rate cut.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Dow Jones Today: Geopolitical Risk Returns appeared first on InvestorPlace.

  • Oil Stocks Surge In Down Session; Chevron, Exxon Mobil Lead Dow Jones
    Investor's Business Daily

    Oil Stocks Surge In Down Session; Chevron, Exxon Mobil Lead Dow Jones

    Oil stocks were in the spotlight Monday with U.S. crude oil futures up more than 10%. Exxon Mobil and Chevron led the Dow Jones.

  • Small Caps And Oil Stocks Lead As Crude Prices Skyrocket
    Investor's Business Daily

    Small Caps And Oil Stocks Lead As Crude Prices Skyrocket

    Major U.S. stock market indexes traded lower near midday Monday as the stock market tried to adjust to the weekend attack on Saudi Arabian oil facilities. Small caps in the Russell 2000 advanced 0.7%, but the major indexes remained in the red.


    StockBeat: Apache Jumps as Oil Soars - Apache (NYSE:APA) shares were soaring Monday in the aftermath of a drone attack on Saudi Arabia oil facilities on Saturday.

  • Higher Oil Prices Boost XOM, CVX, Shell, BP
    Market Realist

    Higher Oil Prices Boost XOM, CVX, Shell, BP

    Rising oil prices boosted energy stocks on September 16, as the drone attack on Saudi Aramco’s oil field propelled oil prices by about 10%.


    I Certainly Won't Be Filling Up on BP

    Chevron and Exxon Mobil appear more attractive than this stock right now, and the oil sector as a whole should be watched for at least the next couple days.

  • Stock Market Lower On Saudi Attack; Chevron Nears Breakout, As Oil Prices Surge
    Investor's Business Daily

    Stock Market Lower On Saudi Attack; Chevron Nears Breakout, As Oil Prices Surge

    The major stock indexes were broadly lower early Monday after the attack on Saudi Arabia. Oil prices surged 10%, as Chevron neared a breakout.

  • Oil Prices Soar on Saudi Plant Attack: Winners & Losers

    Oil Prices Soar on Saudi Plant Attack: Winners & Losers

    Coordinated drone strikes on key Saudi oil facilities sends oil prices higher. Here's a rundown on the big winners and losers from the oil price rally.

  • Benzinga

    Oil Prices, Stocks Pump Higher After Drone Strike Cripples Saudi Oil Supply

    Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend, which happens to be the "most critical" piece of infrastructure in the country. The price of ...

  • 5 Oil Stocks to Win Big as Prices Jump on Middle East Tension

    5 Oil Stocks to Win Big as Prices Jump on Middle East Tension

    The drone attack on Saudi Arabia could have a far-reaching impact on oil prices as it eliminated roughly 5% of daily oil supply globally and it is not possible to mitigate these losses immediately.

  • 5 U.S. Shale Producers in Focus on Saudi Oil Disruptions

    5 U.S. Shale Producers in Focus on Saudi Oil Disruptions

    The Saudi Arabian supply shock has put the oil market in a fundamentally tight spot and is likely to breathe life back into the sector.


    Stocks - Wall Street Tumbles as Attack on Saudi Hits Oil Supply – Wall Street fell after a weekend attack on Saudi Arabian oil installations crippled 5% of the world’s oil supply, raising fears for the global economy and increasing the risk of war between the U.S. and Iran.


    Stocks - General Motors, Airlines Fall Premarket, Energy Stocks Gain - Stocks in focus in premarket trading on Monday:


    Stocks - U.S. Futures Fall After Oil Attacks in Middle East - U.S. futures pointed to a weak opening bell on Monday as oil prices spiked to their highest level since May after drone strikes hit more than half of Saudi Arabia’s oil capacity over the weekend.


    Exxon, Chevron Lead Energy Sector Spike Following Attack on Saudi Oil Facilities

    U.S. oil and energy stocks rise across the board Monday, and providing some upside support for the Dow Jones Industrial Average, after a series of weekend drone attacks on two key Saudi Arabian facilities lifted crude prices to their biggest single-day gain in more than two decades.

  • Reuters

    RPT-Saudi attacks threaten U.S. gasoline price hikes, particularly in California

    U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia's oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom. The attacks on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply and sent oil prices surging as much as 20%. U.S. pump prices are likely to rise in coming days as gasoline futures spiked by more than 10% on Sunday trading, analysts said.

  • Iran thinks it has Trump on the ropes: Strategist
    Yahoo Finance Video

    Iran thinks it has Trump on the ropes: Strategist

    Crude oil spikes after Saudi drone bombings over the weekend and questions pervade about how the U.S. should respond. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi, Scott Gamm and Bob McNally Rapidan Energy Group Founder and President discuss.

  • Saudi attacks threaten gas price hikes
    Reuters Videos

    Saudi attacks threaten gas price hikes

    Get set to pay higher prices at the pump. Analysts say prices will likely rise in coming days after attacks on Saudi Arabia's oil facilities Saturday knocked out more than 5% of global oil supply. That drove gasoline futures up more than 10% Monday. California motorists could get hurt the hardest. Nearly half of all U.S. crude imported from Saudi Arabia goes to the West Coast, and much of that heads to refineries in California. The state relies heavily on imports. That's partly because it's geographically isolated, and it lacks pipelines to connect it with Texas and other states rich in oil. Californians already pay the second highest average gas prices in the U.S. at $3.63 a gallon. The AAA says the national average for regular gas is $2.57 a gallon. Chevron's refineries in the Californian cities of Richmond and El Segundo are among the biggest buyers of Saudi crude. A Chevron spokesman said the company will "take the necessary actions to continue to meet the needs of the marketplace." American motorists have been paying relatively low prices for gas. But a big spike in prices can act as a tax on consumers, whose spending has kept the U.S. economy growing at a time of a global slowdown.