CVX - Chevron Corporation

NYSE - NYSE Delayed Price. Currency in USD
-2.55 (-2.17%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close117.73
Bid115.24 x 800
Ask115.49 x 800
Day's Range114.35 - 118.06
52 Week Range100.22 - 127.60
Avg. Volume5,555,610
Market Cap218.66B
Beta (3Y Monthly)0.82
PE Ratio (TTM)14.92
EPS (TTM)7.72
Earnings DateOct 31, 2019 - Nov 4, 2019
Forward Dividend & Yield4.76 (4.04%)
Ex-Dividend Date2019-08-16
1y Target Est139.04
Trade prices are not sourced from all markets
  • Oil steadies as US crude inventories drop
    Yahoo Finance Video

    Oil steadies as US crude inventories drop

    Inventories of U.S. crude is dropping, allowing oil prices to steady. The price of crude was boosted on an approximately 3 million barrel drop, twice as was expected. Yahoo Finance's Jared Blikre has Wednesday's commodities report.

  • US warns Greece over Iranian oil tanker, Aramco picks lead underwriters
    Yahoo Finance Video

    US warns Greece over Iranian oil tanker, Aramco picks lead underwriters

    The U.S. is warning Greece against hosting the Iranian oil tanker at the heart of an international dispute, and Saudi Aramco has reportedly chosen Lazard and Moelis as the investment firms to lead its IPO. Yahoo Finance's Jared Blikre has Tuesday's commodities report.

  • 3 Top Dividend Stocks With Yields Over 4%
    Motley Fool

    3 Top Dividend Stocks With Yields Over 4%

    Dividend investors have a lot to like about these companies.

  • U.S. Gasoline & Distillates Stocks Up, Cushing Supplies Slump

    U.S. Gasoline & Distillates Stocks Up, Cushing Supplies Slump

    The federal government's EIA report revealed that crude inventories fell by 2.7 million barrels for the week ending Aug 16.

  • Debt Is a Way Bigger Problem for Exxon Stock than You Might Think

    Debt Is a Way Bigger Problem for Exxon Stock than You Might Think

    Several of my InvestorPlace colleagues have written about Exxon Mobil (NYSE:XOM) lately. Most of the commentary quite positive. Several recommending you buy Exxon stock for the long haul. Source: Jonathan Weiss / David Moadel's August 20 headline read, Fill Up on Exxon Mobil Stock Now for an Imminent Rebound. Tim Biggam's August 14 article stated, Exxon Mobil Stock Is Ready to Start Pumping Again. I'm nowhere near as enthusiastic about the integrated oil giant's future stock trajectory, but I appreciate their confidence nonetheless. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn my most recent article about XOM stock, I recommended that investors ought to wait until it dropped into the $60s before buying. On July 9, the date my article was published, it was trading around $76. As I write this, it's trading around $69.67. A couple of days earlier it was even lower. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Time to buy?Before you do, I'd consider the ramifications of its recent fixed and floating notes offering on the company's debt before pulling the trigger. Here's why. Exxon Stock and DebtToo often, we look at a company's balance sheet, see that its long-term debt is only a fraction of its total assets, and assume that it's financially sound. Chances are you're right, but it can't hurt to understand the structure of its debt better to be sure. Exxon Mobil issued $7 billion of floating and fixed-rate notes on August 14. The company plans to use the net proceeds of $6.975 billion to refinance some of its existing commercial paper, which averages an interest rate of 2.37%. XOM will also use some of these funds for other general corporate purposes, including working capital, acquisitions, capital expenditures, and other business opportunities. I have to admit; I would love to be in a position to borrow $1.5 billion at 3.095%, repayable in 30 years. Heck, I could be dead in 30 years. I wouldn't be nearly as excited about owning Exxon Mobil's 2049 notes. A little over 3% for three decades. It's an excellent deal for Exxon Mobil, though. Moody's (NYSE:MCO), although it gives the $7 billion in notes an Aaa rating, it does have some reservations. According to Pete Speer, Moody's Senior Vice President: "ExxonMobil's negative free cash flow and rising debt levels in the first half of this year are pressuring its credit profile, particularly with oil prices averaging mid-cycle levels during the period. While this notes offering is refinancing some of the company's debt on a longer-term basis, the company retains ample flexibility to reduce debt through asset sales and strengthen its credit metrics."It goes on to say the Aaa rating, which is better than many of its peers, could get downgraded in the future if it continues to generate negative free cash flow while its level of debt moves higher. How Much is Too Much?In its prospectus for the notes, the company mentions that its long-term debt, currently $19.0 billion as of the end of June, is 8.7% of Exxon Mobil's total capitalization. Add in the $7 billion in notes and it increases to 11.6% of its total capitalization.That's still a minimal amount. By all accounts, Exxon Mobil's debt is perfectly manageable. However, what happens if it decides to make a multi-billion acquisition? As Moody's suggested, the company's free cash flow was negative in the first six months of the year. A significant acquisition would most likely add to that shortfall.From where I sit, Exxon Mobil's free cash flow for the first six months appears to be positive to the tune of $2.9 billion (net cash provided by operating activities of $14.3 billion minus capital expenditures of $11.1 billion). However, Moody's likely makes some oil-related adjustments to come to a negative number. Regardless, I did see an article about free cash flow that piqued my interest. According to S&P Global Market Intelligence, Chevron's (NYSE:CVX) free cash flow over the past 12 months was $18.5 billion, 25% higher than its GAAP profit for the same period. Meanwhile, XOM generated $11.3 billion, 36% lower than its GAAP profit. Furthermore, Barclays believes that Exxon Mobil's free cash flow situation is about to get even worse as it ratchets up its capital investment just as oil prices appear to be falling again. So, while Exxon Mobil has managed to issue debt on a fixed-rate basis between 1.9% and 3.1%, if its free cash flow shrinks, it will have less cash available to pay down the debt in the future. The Bottom Line on Exxon StockOwning XOM stock has been a mug's game over the past decade. I don't think it's going to get much better over the next decade as the world continues to move away from oil. That said, it's got an excellent dividend yield a tad under 5%. If you need to park some money in an income-bearing investment, you could do worse than owning XOM. You could own some of their notes.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Debt Is a Way Bigger Problem for Exxon Stock than You Might Think appeared first on InvestorPlace.

  • Business Wire

    Chevron Kicks Off Their “Engineered With Purpose” Campaign With the Launch of the Delo Traveling Technology Lab

    As part of the announcement at GATS, Chevron unveiled a new take on its mobile education center, the Delo Traveling Technology Lab, with interactive technologies, including virtual (VR) and augmented (AR) reality exhibits.

  • Reuters

    UPDATE 5-Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy -sources

    WASHINGTON/NEW YORK, Aug 22 (Reuters) - U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said. Throughout his 2016 campaign that brought him to power, Trump championed ethanol but also courted the oil industry. Trump met with Agriculture Secretary Sonny Perdue and Environmental Protection Agency (EPA) Administrator Andrew Wheeler at the White House, the sources said.

  • BP Places 21 Bids in the Latest US Gulf of Mexico Lease Sale

    BP Places 21 Bids in the Latest US Gulf of Mexico Lease Sale

    BP tallies the second highest bids in the U.S. GoM lease sale 253, which receives 165 bids from 27 companies.

  • Benzinga

    This Energy ETF Could Finally Be Perking Up

    One example of an inkling is the 2.70% gain this week for the Energy Select Sector Index (IXETR). The bullish ERX is designed to deliver triple the daily returns of the Energy Select Sector Index. While leveraged oil ETFs have a way of vexing traders, the funds remain popular with the risk-tolerant crowd and that is true of ERX.

  • Dow Jones Today: Let’s Make a Deal

    Dow Jones Today: Let’s Make a Deal

    Stocks rallied Wednesday after President Donald Trump implied he's open to making a deal with China on trade, but gains were capped by the release of minutes from the Federal Reserve's July meeting.Source: rafapress / Those minutes revealed that some of the central bank's governors pressed for a cut of 50 basis points last month, but they were obviously out-voted as the Fed proceeded with a reduction of just 25 basis points. What put a lid on today's upside for equities were comments that the July rate cut was not necessarily a precursor for more reductions."In their discussion of the outlook for monetary policy beyond this meeting, participants generally favored an approach in which policy would be guided by incoming information and its implications for the economic outlook and that avoided any appearance of following a pre-set course," according to the Federal Open Market Committee (FOMC).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks to Ride High on the Farm Bill Currently, Fed funds futures are pricing in another 65 basis points of rate cuts this year, indicating there is room for markets to be left disappointed by the U.S. central bank.Still, the Nasdaq Composite notched an impressive gain of 0.90% today while the S&P 500 settled higher by 0.82%. The Dow Jones Industrial Average tacked on 0.93% amid broad-based strength in the blue-chip index. In late trading, 29 of the 30 Dow stocks were higher. Dow Winners GaloreWhile the Fed minutes may have lacked the punch investors were hoping for, there were some solid earnings reports (non-Dow stocks) out of the retail sector that gave market participants reason to be the oft-discussed recession is a long way from materializing. On that note, Nike (NYSE:NKE) was the Dow's best performer today with a gain of 2.83%.Sticking with consumer cyclical fare for a moment, McDonald's (NYSE:MCD) rose 2.25% after SunTrust analyst Jake Bartlett opined that the company's current Buy One, Get One (BOGO) for $1 promotion won't be a drag on profits. He's got a "buy" rating and $240 price target on McDonald's.The analyst's "research shows that McDonald's new offer is less promotional than its two for $5 mix-and-match deal that the company has cycled through in recent years--meaning McDonald's isn't meaningfully lowering the bar on prices in a way that would force rivals to discount as well," according to Barron's.I'm not saying it's all clear to wade into the energy sector, but it is encouraging to see more positive action out of oil giants Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), both of which traded higher today on the back of some bullish analyst chatter.BMO analyst Daniel Boy said Exxon and Chevron, the two largest U.S. oil companies are the "lowest risk" names and best of breed in the energy patch. Specific to Chevron, that's the second time in a matter of days an analyst has been cheery on the company.Shares of Boeing (NYSE:BA), the Dow's largest component, added 2.49% today on news that the company is looking to fill hundreds of temporary jobs related to getting the 737 MAX passenger back in the air. Wall Street is hoping that will happen by the end of this year and if it does, Boeing shares likely move higher. DJIA Bottom LineIt's easy to get wrapped in the aforementioned Fed "disappointment," if it can really be called that. Additionally, it's easy (and warranted) to be skeptical of President Trump's comments on deals with China because recent history shows this situation is fluid.Maybe what investors should be honing in on is the likelihood of recession. Look at Target (NYSE:TGT) earnings. That stock surged over 20% today on volume that was nearly seven times the daily average because it guided higher. Companies like Target don't guide higher when recessions are right around the corner.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Dow Jones Today: Let's Make a Deal appeared first on InvestorPlace.

  • Are Energy Stocks XOM, CVX, RDS.A, and BP Attractive?
    Market Realist

    Are Energy Stocks XOM, CVX, RDS.A, and BP Attractive?

    Integrated energy stocks have slumped in August. Royal Dutch Shell has fallen the most compared to ExxonMobil, Chevron, and BP.


    Chevron and Exxon Stocks Get a Lift as Analyst Cites ‘Lowest Risk’ and ‘Best in Class’

    Oil and gas stocks aren’t much loved by investors now, but BMO analyst Daniel Boyd thinks Chevron can outperform because of its strong presence in the Permian Basin and its sustained 5% dividend growth.

  • ETF Trends

    Energy ETFs Could be Ready to Turn For The Better

    The Energy Select Sector SPDR (XLE) , the largest equity-based energy ETF, is lower by more than 7% this month and its year-to-date gain is close to evaporating, but some market observers believe battered energy stocks are ready to turn higher. XLE’s recent woes have the ETF trading below its 50- and 200-day moving averages, giving short-term traders little reason to approach the fund from the long side. The trade war with China is intensifying pressure on oil prices and energy stocks, and some analysts believe oil supplies are trending higher.

  • Benzinga

    BMO Initiates Bullish Coverage Of Oil Majors, BP Is Top Pick

    After a difficult few years in the oil space, one Wall Street analyst said Wednesday it may finally be time for investors to step in and buy shares of oil majors. The Analyst BMO Capital Markets analyst ...

  • Bear of the Day: ExxonMobil (XOM)

    Bear of the Day: ExxonMobil (XOM)

    Bear of the Day: ExxonMobil (XOM)

  • Scott Black Buys 3 REITs in 2nd Quarter

    Scott Black Buys 3 REITs in 2nd Quarter

    Graham-Dodd disciple releases quarterly portfolio Continue reading...

  • Motiva could make further moves into petrochemical business
    American City Business Journals

    Motiva could make further moves into petrochemical business

    Houston-based Motiva Enterprises LLC has reached a deal to buy a Port Arthur, Texas, petrochemical asset from Flint Hills Resources LLC, but it likely won’t be the last investment the company makes in petrochemicals. Motiva’s parent company, the state-owned Saudi Arabian Oil Co. — more commonly called Saudi Aramco — said at the end of 2018 that it planned to invest about $100 billion in the chemicals space over the next decade, said John Maselli, a senior research analyst for Wood Mackenzie. Saudi Aramco has already made a high-dollar move into the space with its $69.1 billion agreement to purchase a majority stake in Saudi Basic Industries Corp. “They’ve been investing a lot, but $100 billion is a lot of money, and they’ve still got a ways to go,” Maselli said.

  • Oil Markets On Edge Over Trade War Uncertainty

    Oil Markets On Edge Over Trade War Uncertainty

    Oil markets are on edge as trade war uncertainty has once again taken center stage, with Mike Pompeo’s harsh comments about Huawei counteracted by wavier extension for the Chinese tech giant

  • Fill Up on Exxon Mobil Stock Now for an Imminent Rebound

    Fill Up on Exxon Mobil Stock Now for an Imminent Rebound

    With the price of WTI crude oil having traded in a range between $50 and $60 for quite some time, it's easy to forget that the price is down around 27% since peaking last October. Exxon Mobil (NYSE:XOM) stock isn't exactly outperforming either, as it's down 12% for the past 12 months and has trailed competitor Chevron (NYSE:CVX) by 11% during that time.Source: Jonathan Weiss / That lagging performance has turned some analysts bearish on Exxon Mobil stock, but I don't see things like most other people do. If anything, the price differential between XOM stock and its competitors is one of the strongest reasons to start a long position in one of the petroleum industry's biggest and best-known mega-corporations of our lifetime. Buy and Hold XOM Stock for Terrific DividendsIt always bothers me when analysts completely ignore dividends and only focus on the price action of a stock. Dividends, as Warren Buffett has reminded us many times, are one of the keys to long-term wealth accumulation for smart investors. And if any company deserves to call itself a dividend aristocrat, it's Exxon Mobil.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential For a basis of comparison, we can compare the dividend payout of XOM stock to its chief rival, CVX. Chevron's dividend yield is quite decent at 4.1%, but Exxon Mobil is the clear winner in that category at 5%. It's also worth noting that while Chevron's dividend payout ratio (defined as the company's dividends per share divided by its earnings per share) is a perfectly respectable 58%, Exxon Mobil wins again with a dividend payout ratio of 76%, which is simply outstanding. An Analyst Weighs inIt's all over the financial news that famous British bank and analyst firm Barclays has given Chevron an overweight rating while they've only given Exxon Mobil stock an equal weight rating. That's the equivalent of declaring that CVX is a much better buy than XOM stock right now. I don't concur with Barclay's unfavorable comparison of Exxon Mobil as a long-term portfolio allocation.In defense of her position, Barclays analyst Jeanine Wai explained in a note that Chevron is well-positioned to return significant free cash flow. This brings me back to my previous point, which is that a very healthy 5% dividend yield is precisely what I would call a "significant" flow of cash to shareholders. This is cash deposited into my brokerage account, which I will gladly collect and reinvest right back into more XOM stock.Wai also projects that drilling in the Permian Basin will provide positive cash flow for Chevron in the first quarter of 2020. However, Exxon Mobil is also aggressively drilling in the Permian Basin, with a cash-flow-positive target of 2021. The target is bit later than Chevron, but also a realistic timetable. In any case, no one is doubting that Exxon Mobil has plenty of capital available to drill in the Permian, and the company is planning to produce the equivalent of around 1 million barrels of oil from the region per day. Clearly, there's no slowing down for XOM regardless of the stock price. The Bottom Line on Exxon Mobil StockAs Wai correctly observed, "Energy is currently one big 'Show-me Story,'" suggesting that it's up to each company individually as well as the sector as a whole to prove themselves and justify higher stock valuations. Just as oil itself has been under price pressure in the past year, XOM stock needs to dig itself out of the hole it's created. And that's going to require lots of capital and a strong focus on the Permian. A rebound in the price of crude oil certainly wouldn't hurt, either.I believe that all of these issues will resolve themselves in the near future and Exxon Mobil stock shares will rebound sharply. Most importantly, unlike a certain British analyst, I don't feel the need to compare XOM to any of its rivals. It's a great company on its own, and shareholders can purchase shares with confidence, enjoy the dividends and profit handsomely when the oil price eventually breaks out.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Fill Up on Exxon Mobil Stock Now for an Imminent Rebound appeared first on InvestorPlace.

  • The Zacks Analyst Blog Highlights: U.S. Silica, Chevron, AngloGold, Kinross and Barrick Gold

    The Zacks Analyst Blog Highlights: U.S. Silica, Chevron, AngloGold, Kinross and Barrick Gold

    The Zacks Analyst Blog Highlights: U.S. Silica, Chevron, AngloGold, Kinross and Barrick Gold


    Oil & Gas Industry Leads Forbes Profit Growth List In 2019

    The oil and gas sector on the Forbes 2019 list of the world’s biggest public companies saw the largest profit growth among the top 10 sectors on the list

  • InvestorPlace

    Dow Jones Today: Trump’s Twitter Targets the Fed … Again

    Usually, a headline like that would spell doom for stocks, but that wasn't the case Monday. Major U.S. equity benchmarks rallied even as President Donald Trump had some, shall I say, "words of encouragement" for the Federal Reserve."The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well," said the president on Twitter (NYSE:TWTR). "If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"President Trump has a long history of moving markets via Twitter, but that wasn't necessarily the case Monday when it comes to the dollar, which he has long complained is too strong. The Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP), which tracks the greenback against a basket of other major currencies, closed modesty higher and just a third of a percent below its 52-week high. UUP is up about 2% this month, indicating Fed rate cuts aren't always the elixir to quell a strong dollar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Despite the dollar firming again today, the plenty of export-sensitive sectors and individual names rallied, helping the Nasdaq Composite to a gain of 1.35% while the S&P 500 added 1.21%. The Dow Jones Industrial Average started the week higher by 0.96% with just two of its 30 components finishing lower on the day. Be Careful With These Dow WinnersTwo of the best performers in the Dow today may require some caution. Sure, it was nice to see Cisco Systems (NASDAQ:CSCO) rally after the network gear maker was drubbed last week following disappointing guidance on its earnings call, but Monday's bounce may be one of the dead cat variety.Similar caution may be warranted with chemicals maker Dow (NYSE:DOW), which was the second-best Dow stock today behind Cisco. Again, it's nice to see a cyclical, tariff-sensitive name in the green today, but the stock was downgraded last Friday to "neutral" by Bank of America Merrill Lynch with that bank also paring its price target on Dow shares to $44 from $55.Of the 17 analysts rating shares of Dow, just six have "buy" ratings on the name while 11 have the equivalent of a "hold" on the stock. DJIA Earnings NoteI've been mentioning The Home Depot (NYSE:HD) recently because the company reports earnings tomorrow, and today's gain of 2.11% suggests trades were buying the name in advance of that report. There was some elevated options activity in Home Depot today, too, but history suggest traders should be careful with the home improvement giant post-earnings."Looking into HD's earnings history, the stock has closed lower the day after earnings in all but two of the past eight quarters, though the reaction to Home Depot's most recent report in May was positive," according to Schaeffer's Investment Research. "Over the past two years, the shares have swung an average of 1% the day after earnings, regardless of direction. This time around, the options market is pricing in a larger-than-usual 6% swing for Tuesday's trading." Some Good Dow NewsI've mentioned a few times this year that alternative energy stocks and ETFs are really weighing on the traditional energy sector, so with that in mind, it was nice to see Chevron (NYSE:CVX) jump 1.68% today on some bullish analyst chatter. Barclays started coverage of Chevron today with an "overweight" rating and a $145 price target. That price target implies significant upside from today's close just under $118."Chevron is well positioned to both return significant free cash flow to shareholders and fund its…compound annual growth rate guidance," according to the bank. Dow Jones Bottom LineIn addition to the aforementioned Twitter action by President Trump, today's upside was the product of familiar themes: expectations that more Fed rate cuts are coming and that the U.S. and China might be able to make some headway on the trade front.Speaking of the Fed, Chairman Jerome Powell speaks in Wyoming late this week, so it's safe to say all eyes and ears will be on that speech regarding rate cut clues.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Trump's Twitter Targets the Fed … Again appeared first on InvestorPlace.

  • Benzinga

    Barclays Likes Chevron Better Than Exxon Right Now For Big Oil Investors

    It’s the black gold of Permian Basin crude from West Texas that fuels the battle between Big Oil giants Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM), but for Barclays it’s the green of cash that sets the two apart for investors. Barclays analyst Jeanine Wai initiated coverage of Chevron with an Overweight rating and a $145 price target.

  • Chevron is a better bet than Exxon, Barclays says

    Chevron is a better bet than Exxon, Barclays says

    West Texas’s Permian Basin is the key driver for shares of both Chevron Corp. and Exxon Mobil Corp., but Chevron has an edge over Exxon due to its “superior” cash position, analysts at Barclays say.

  • Here's Why 1 Analyst Prefers Chevron Stock Over ExxonMobil
    Motley Fool

    Here's Why 1 Analyst Prefers Chevron Stock Over ExxonMobil

    The answer can be summed up in a single word: Cash.