|Bid||118.91 x 800|
|Ask||119.28 x 2200|
|Day's Range||118.59 - 119.86|
|52 Week Range||100.22 - 131.08|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||15.42|
|Earnings Date||Apr 25, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||4.76 (4.03%)|
|1y Target Est||138.32|
Wall Street's Dow darlings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
The U.S. shale oil boom is about to get a lot bigger. Oil pipeline projects are pulling big oil companies full force into wildcatters’ world. Here’s why that matters.
Integrated Energy Stocks on the Rise in Q1 as Oil Prices Surge(Continued from Prior Part)Integrated energy stocks’ valuation Previously, we reviewed the changes in integrated energy stocks’ short interest. In this part, we’ll compare forward
Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, hitting a 17-month low as the market moved further away from the peak winter-demand period and inventories remained high in the region. Spot prices for March delivery to Asia (LNG-AS) fell to $6.50 per million British thermal units (mmBtu) this week, down 20 cents from the previous week to their lowest since Sept. 8, 2017, trade sources said. Demand in China remained tepid as many factories there were still shut for Lunar New Year celebrations, trade sources said.
The oil price slump and the short cycle projects in the Permian have taught Chevron, among other oil majors, valuable lessons about the costs of upstream management
Companies such as Exxon Mobil and Chevron may be more focused on capital returns than growth. That is good news for income investors.
Saudi Arabia and U.S. oil majors, most based in Texas, have had a symbiotic economic relationship ever since oil was found in Dhahran in 1938.The oil superpowers and some oil stocks are riding high again, as Saudi Arabia launches a "shock and awe" campaign to raise oil prices.Goldman Sachs now expects prices for Brent North Sea oil, the world standard, to rise to $67.50 per barrel this spring, with OPEC production having already been cut by 800,000 barrels per day over the last few months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Texas Shale BoomOne result is that a shale oil boom that re-ignited in Texas last year is going to accelerate into 2019.The question is who will profit.The Texas Independent Producers and Royalty Owners Association (TIPRO) reports that the state's production in 2018 came to 1.54 billion barrels, up from 1.03 billion in 2017 and 20% ahead of the previous record set in 1973. This helped make the U.S. the world's largest oil producer, ahead of Russia and Saudi Arabia. * 10 'Buy-and-Hold' Stocks to Own Forever The boom in production is extending into 2019, with the Energy Information Agency reporting 11.9 million U.S. barrels per day came up the week of Feb. 8, compared with 10.25 million barrels during the same week a year ago. Wrong Oil?Oil stocks like Chevron (NYSE:CVX), which had been on a never-ending campaign of belt-tightening since the last bust in 2014, are now poised to reap the rewards.The reason, as I noted in writing about Exxon Mobil (NYSE:XOM) earnings on Feb. 1, is an infrastructure disconnect. There's not enough pipeline capacity for all this new shale production, and U.S. refineries have long been tuned to heavier grades of imported crude anyway.So while Permian independents like Concho Resources (NYSE:CXO), which produced 310,000 barrels of oil equivalent per day during the fourth quarter, expect to see prices rising from the $53.77 level they were at Feb. 14, they're not rising quickly as Kinder Morgan (NYSE:KMI) races to add pipeline capacity. Note that while it's now legal for the U.S. to export crude oil, the spread between WTI and Brent prices is over $10 per barrel.The biggest producers of "sour" or "heavy" crude, Venezuela and Iran, are subject to U.S. sanctions, while gasoline "crack spreads" -- the margin between the cost of crude and what refined products bring -- continue to fall. Refiners are now short the "heavy" crude they're accustomed to, while U.S. fracking companies deliver a bumper crop of "light" crude to the market.Oil that is easiest to refine and closest to the market, as on the U.S. West Coast, is now priced near $62 per barrel, while oil that can't reach the market, like Canadian Crude, is still selling at under $40 per barrel.The winners in this market would thus seem to be oil stocks that can trade oil, ship oil and arbitrage the price. But that's not the way the stock market sees it. The Bottom Line on Oil StocksExxon Mobil stock hit its high for the decade in early 2014, and is currently 17% below that figure, even with a rally that began in December. During this decade, Exxon has become a dividend stock, increasing the dividend in five years from 63 cents per share to 82 cents, yielding 4.3% at the company's price of about $76 per share on Feb. 14.Meanwhile, Concho Resources, which pays no dividend, has stock worth 23% more than five years ago. Since the start of 2019 Concho is up 16% while Exxon is up only 11%.This should be Exxon's market, but it's producers like Concho that are currently getting the love from investors due to higher production.I may be wrong, but it looks like investors are making a mistake.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post This Are the Kind of Oil Stocks You Should Watch Right Now appeared first on InvestorPlace.
Shell Strengthened Last Year: Where’s It Headed?Shell’s growing upstream portfolioRoyal Dutch Shell’s (RDS.A) upstream portfolio comprises deepwater, integrated gas, conventional oil and gas, and shale assets. In these categories, Shell’s
Integrated Energy Stocks on the Rise in Q1 as Oil Prices Surge(Continued from Prior Part)Short interest in integrated energy stocksIn the preceding part, we analyzed institutional holdings in integrated energy stocks. Here, we’ll consider changes
Integrated Energy Stocks on the Rise in Q1 as Oil Prices Surge(Continued from Prior Part)Institutional ownership in integrated energy stocksNow we’ll review the changes in institutional ownership in Chevron (CVX), ExxonMobil (XOM), BP (BP), and
Integrated Energy Stocks on the Rise in Q1 as Oil Prices Surge(Continued from Prior Part)Dividend payments in the first quarter Chevron (CVX), ExxonMobil (XOM), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends consistently in the past few
Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corp, announced the signing of a sales and purchase agreement with GS Caltex Corporation for the delivery of liquefied natural gas (LNG) to South Korea from Chevron’s global supply portfolio. As a joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019. Chevron’s President of Global Gas, Hugh Connett stated the agreement is another indication of the significance of the long-standing relationship between Chevron and GS Caltex.
As he celebrates his first year as chief executive of Chevron Corp., Wirth sees the Permian Basin as a plentiful source of high-quality crude for years to come, but that’s not all. The low break-even costs to pump in the Permian are forcing Chevron to be more efficient everywhere, Wirth said, from the deepwater platforms in the Gulf of Mexico to its liquefied natural gas plants. In a time of transition, where everyone from politicians to shareholder activists is bashing Big Oil, shale’s success is forging a new reality, Wirth said: Lower your costs, or die.
Futures in New York closed up 1.5 percent, reaching the highest point in a week. The rally came as the International Energy Agency warned that turmoil in Venezuela could disrupt global flows of heavy crude and after Saudi Arabia said it would extend its own cuts. The inventories increase was “kind of shocking," said Phil Streible, senior market strategist at RJO Futures in Chicago.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Chevron Corporation's (NYSE:CVX) most recent earnings announcementRead More...
Integrated Energy Stocks on the Rise in Q1 as Oil Prices Surge(Continued from Prior Part)Implied volatilities in integrated energy stocks Implied volatilities in integrated energy stocks have declined in the first quarter. The fall in implied
Integrated Energy Stocks on the Rise in Q1 as Oil Prices Surge(Continued from Prior Part)Integrated energy stocks rise in the first quarter In the first quarter so far, integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell
Integrated Energy Stocks on the Rise in Q1 as Oil Prices SurgePerformance of integrated energy stocks In the first quarter to date, BP (BP) stock has risen by 9.4%, the most among peers Chevron (CVX), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
National Debt Tops $22 Trillion, Rises $1 Trillion In Less Than a Year All is well with America’s finances, say all the politicians who want to spend a lot of money on programs, especially the Green New Deal, which seeks to outlaw air travel, replace it with high speed rails all across the country, subsidize […]The post Market Morning: Debt Tops $22T, Chevron Stays Put, J&J Gets Esketamine Nod, Trump Upset Again appeared first on Market Exclusive.
Woodside Petroleum and Chevron Corp have planned major maintenance works at their liquefied natural gas (LNG) facilities in Western Australia over April to September. Woodside has planned major maintenance at its 4.9 million-tonnes-per-annum Pluto LNG facility for about one month from April to May, a company spokeswoman said on Wednesday. It has also planned major maintenance at its North West Shelf project's Goodwyn A platform train 2 for 21 days and LNG train 1 for 19 days, both in July, she said.
“Our strong intent is to stay on the ground in Venezuela and be part of building a better future for the people of Venezuela,” Wirth said in an interview in Houston Monday. Chevron is the largest American oil company left in the South American country, which has the world’s biggest oil reserves and where President Nicolas Maduro faces growing pressure from the U.S. and other nations to step aside.
Futures closed 1.3 percent higher in New York after Saudi Energy Minister Khalid Al-Falih told the Financial Times that the kingdom will continue to curb output more than required by a December deal among top producers. “As if on cue, Saudi Arabia’s energy minister has injected a hearty dose of bullish impetus into the energy complex,” analysts at PVM Oil Associates Ltd. said in a report. Trump on Tuesday said he was open to postponing a March 1 deadline for increasing tariffs on Chinese products if talks between the two countries make headway.
Saudi Aramco plans to explore for oil and gas globally, adding to challenges for the likes of Chevron, Exxon Mobil, BP and Royal Dutch Shell.