|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||121.46 - 123.46|
|52 Week Range||102.55 - 133.88|
|PE Ratio (TTM)||25.22|
|Earnings Date||Apr 27, 2018|
|Forward Dividend & Yield||4.48 (3.74%)|
|1y Target Est||135.88|
The largest exchange-traded fund to track the energy sector declined in early trading on Friday, after President Donald Trump tweeted that crude-oil prices were "artificially high." The Energy ...
The S&P 500 fell ~0.5% to 2,693.13 on April 19, 2018, due to a decline in consumer staples and real estate stocks. Eight out of the ten major sectors in the S&P 500 fell on April 19, 2018.
Moody's Investors Service has today assigned a definitive Ba3 rating to Star Energy Geothermal (Wayang Windu) Limited's USD580 million 6.75% senior secured notes due 2033. The rating outlook is stable. ...
The Chevron/Ecuador saga may be on life support in Brazil, Argentina, and the United States, but it is still alive and breathing (if not actually kicking) in Toronto, Canada. [Full disclosure: though I was born in New York, my folks moved to Toronto when I was a young child. I grew up there and my mother still lives there.
The price per gallon of oil is close to $4.00 in Southern California. Oil prices have spiked this year and gasoline prices have followed. This is adding significant pressure on consumers, the driving force behind our economy, and with Saudi Arabia eyeballing $100 per barrel for oil there seems to be no end in sight, but there is. UCO is up approximately 18% this year, representing about a 9% increase in domestic oil prices. In my region, Southern California, gasoline prices are also approximately 50¢ higher than they were at this time last year. Although the price per gallon is closer to $4.00 in Southern California, where it is closer to $3.00 nationally, the same price difference seems to exist. Gasoline was much cheaper a year ago, and these higher gasoline prices act like a tax on the consumer. Our analysis suggests that the average consumer is losing about 27% of his tax benefit as a result of higher gasoline prices. This dampens the economic impact of the tax cuts accordingly, by hitting the consumer hard.
ConocoPhillips (NYSE:COP) has been on absolute fire lately as investors pile into energy names. In fact, the whole Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) has been in rally mode. There’s some good news for bulls and bears, but overall, I’d be cautious.
In spite of this, Goldman Sachs is bullish on the sector because the majors and refineries are expected to generate more free cash flow than at any time in recent history. Second, the firm sees crude differentials with the potential to widen out from spot levels due to rising production levels. Added to the fact that Goldman believes Brent crude oil will trade between $70 and $80 per barrel, the firm is bullish on the entire sector.
Gains in family disposable income could be entirely wiped out by rises in gas prices. This will affect lower-income families especially.
CARACAS, Venezuela (AP) — In a story sent April 17 about the arrest of two Chevron employees in Venezuela, The Associated Press misstated the title of a former executive who traveled to Caracas last year to meet with President Nicolas Maduro. Ali Moshiri was president of Chevron's operation in Africa and Latin America, not the company's CEO.
Chevron (CVX) has seen a fall in its short interest (as a percentage of outstanding shares) by 0.2 percentage points at the end of March to the current level of 1.1%. This fall implies that bearish sentiment in the stock has decreased. Over the same period, Chevron stock has risen 6.4%.
Chevron (CVX) approved the $5.1 billion expansion of its Gorgon LNG project in Australia, while McDermott International (MDR) and National Oilwell Varco (NOV) provided contrasting Q1 updates.
CARACAS/HOUSTON (Reuters) - Chevron Corp (CVX.N) said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime. Venezuela's Information Ministry and state-run company PDVSA did not respond to information requests about the detentions, which come amid a crackdown on alleged graft in the oil sector. One of the detainees, Carlos Algarra, is a Venezuelan chemical engineer and expert in oil upgrading whom Chevron had brought in from its Argentina operations.
Two Chevron Corp. employees were arrested in Venezuela on Monday amid a crackdown on alleged corruption in the oil industry by President Nicolas Maduro.
Two employees of Chevron Corp., one of the few majors still helping Venezuela’s collapsing oil industry, were arrested there on Monday as President Nicolas Maduro ratchets up his crackdown on alleged corruption....
A bipartisan group of senators from U.S. farm states pressed the Environmental Protection Agency on Tuesday to stop issuing hardship waivers from the nation's biofuels laws to refiners and to name the companies that already have them. The request is the latest sign of rising tensions over the U.S. Renewable Fuel Standard, or RFS, a controversial law requiring refiners to mix billions of gallons of biofuels into the nation's gasoline and diesel supplies that has split the powerful corn and oil lobbies. The EPA has provided more than two dozen hardship waivers to refineries in recent months - exempting them from the program - in an attempt to help the industry cope with compliance costs, according to an agency source.
In this part of our series, we’ll look at Chevron’s (CVX) stock price forecast range, based on its implied volatility, for the 15-day period ahead of its earnings. Chevron is expected to post its 1Q18 earnings on April 27.
A group of workers at Venezuela’s state-owned oil company are requesting wages in dollars as well as meal plans and better health insurance to make up for what they called "suffocating" economic ...
Before we proceed with Chevron’s (CVX) 1Q18 segmental outlook, let’s briefly look at the company’s 4Q17 segmental performance.
Apart from resulting in creation of jobs, Chevron's (CVX) Gorgon expansion project is likely to boost the domestic supply of gas from 200 terajoules (TJ) to about 300TJ a day.
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday. Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas to the nearby 15.6 million tonne a year LNG plant on Barrow Island. The $54 billion Gorgon project came on stream in March 2016 but suffered numerous unplanned shutdowns in its early stages.