CVX - Chevron Corporation

NYSE - NYSE Delayed Price. Currency in USD
119.86
-0.41 (-0.34%)
At close: 4:00PM EDT
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Previous Close120.27
Open120.52
Bid119.73 x 900
Ask119.98 x 900
Day's Range119.10 - 120.82
52 Week Range100.22 - 131.08
Volume9,389,900
Avg. Volume6,910,324
Market Cap228.323B
Beta (3Y Monthly)0.78
PE Ratio (TTM)15.49
EPS (TTM)7.74
Earnings DateApr 26, 2019
Forward Dividend & Yield4.76 (3.86%)
Ex-Dividend Date2019-02-14
1y Target Est139.50
Trade prices are not sourced from all markets
  • What's next for Anadarko?
    CNBC Videos22 hours ago

    What's next for Anadarko?

    Brian Sullivan with the latest on Anadarko

  • Oil pulse check
    CNBC Videos22 hours ago

    Oil pulse check

    Thomas McNulty Great American Group Managing Director-Corporate Advisory & Valuation Services, talks Anadarko and the situation in the Permian Basin

  • Cramer: Chevron's Anadarko merger won't be the only oil deal this year
    CNBC Videosyesterday

    Cramer: Chevron's Anadarko merger won't be the only oil deal this year

    Jim Cramer explains why more mergers in the energy and oil space could be in the works.

  • Oilprice.com11 hours ago

    Huge Interest In Oil & Gas Defies This ‘Millenial’ Investment Trend

    Sustainable investing is quickly gaining popularity among a younger investor audience, but some recent mega deals in Oil & Gas show that the fossil fuel sector is still hugely popular among investors

  • 18 Dividend Aristocrats That Have Gone on Deep Discount
    Kiplinger11 hours ago

    18 Dividend Aristocrats That Have Gone on Deep Discount

    The Dividend Aristocrats fared better than many other stocks during 2018. This group of dividend royalty delivered a 3.3% decline for the year including income, less than the 4.4% drop for the Standard & Poor's 500-stock index.The Dividend Aristocrats, for the uninitiated, are a subset of the S&P; 500 that have increased their annual dividends without interruption for at least 25 consecutive years. And these 50-plus superstar dividend stocks are noteworthy for several reasons: * Their yields are generally higher than the index, averaging 2.5% throughout 2018 versus 1.9% for the S&P; 500. * They've also outperformed over the longer term. During the 10-year period ending Sept. 30, 2018, the Aristocrats returned approximately 13.6% annually, compared to 12% for the S&P; 500. * Risk also was lower. Volatility of returns (as measured by standard deviation) averaged 13.6% for Dividend Aristocrats versus 14.4% for S&P; 500 stocks.However, sometimes even great stocks get knocked back a little. These 18 Dividend Aristocrats have posted double-digit price declines over the past year, with most of them still recovering from the fourth-quarter broad-market drubbing. The upside for any investors considering putting new money to work in these dividend stocks: Many are close to multiyear lows, and several yield more than 3%. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond

  • Total’s Segmental Earnings Outlook for Q1 2019
    Market Realist13 hours ago

    Total’s Segmental Earnings Outlook for Q1 2019

    What to Expect from Total’s Q1 2019 Results(Continued from Prior Part)Total’s segmental analysisBefore we proceed with Total’s (TOT) first-quarter segmental outlook, let’s review the company’s previous quarter segmental performance.

  • What to Expect from Total’s Q1 2019 Results
    Market Realist14 hours ago

    What to Expect from Total’s Q1 2019 Results

    What to Expect from Total’s Q1 2019 ResultsQ4 2018 estimated and actual performance Total (TOT) is expected to post its Q1 2019 results on April 26, 2019. Before we proceed with Q1 2019 estimates, let’s look at Total’s Q4 2018 performance

  • EIA Reports 1st U.S. Crude Inventory Decline in a Month
    Zacks19 hours ago

    EIA Reports 1st U.S. Crude Inventory Decline in a Month

    Overall, oil is being supported by the OPEC+ deal to cut production by 1.2 million barrels per day. U.S. sanctions against Venezuela and Iran also continue to tighten the commodity's fundamentals.

  • BP to Substantially Boost U.S. Onshore Upstream Expenditure
    Zacks19 hours ago

    BP to Substantially Boost U.S. Onshore Upstream Expenditure

    BP will raise U.S. onshore upstream expenditure for 2019 in the range of $2-$2.5 billion, up from last year's $1 billion.

  • Financial Times21 hours ago

    Schlumberger says US shale boom slowing

    Investment in the US shale oil industry continues to fall, production growth is slowing and the balance of spending is shifting to other parts of the world, the oilfield services group Schlumberger has said. Paal Kibsgaard, chief executive, said he “the higher cost of capital, lower borrowing capacity, and investors looking for increased returns” in the US shale industry would mean that exploration and production companies would have to limit spending on new wells to what they could cover from their cash flows, cutting total expenditure by about 10 per cent. Mr Kibsgaard was speaking as Schlumberger, which is the world’s largest listed oilfield services group, reported earnings per share of 30 cents for the first quarter of 2019, in line with analysts’ expectations but down 21 per cent from the equivalent period of 2018.

  • Investing.comyesterday

    Comic: Markets Brace for Earnings Tsunami As S&P Inches Closer to Record Highs

    Investing.com - The U.S. first-quarter earnings season has gotten off to a strong start so far. According to FactSet, more than 78% of the S&P; 500 companies that have reported until now have topped analyst expectations, easing worries of an earnings recession.

  • CNBCyesterday

    Cramer: Chevron's Anadarko merger won't be the only oil deal this year

    "Anadarko was the first big oil deal this year, but I bet it won't be the last," CNBC's Jim Cramer says. "We've simply got too many publicly traded companies, something that's only going to get worse as more and more privately held unicorns, like Pinterest tonight, keep coming public," he says. CNBC's Jim Cramer on Wednesday said investors could expect to see more mergers and acquisitions in the energy and oil space in 2019.

  • Benzinga2 days ago

    Losing Energy: Sector Could See Earnings Fall In Q1 In Challenging Environment

    If you want to know why many analysts expect S&P 500 Q1 earnings to fall, look no further than the Energy sector. When global growth slows, as it did in Q4 and early Q1, the impact can often chip into demand for crude oil, the main Energy sector product. All of this can lower demand for oil, and it appeared to soften crude prices through the first couple months of the year.

  • American City Business Journals2 days ago

    What a difference a day makes: Inside last week's M&A activity in Texas

    Early last week, M&A; activity for the year was lagging. Then came the $33 billion sale of Anadarko to Chevron. With that deal, everything changed – at least statistically. The equity and debt markets continue to be stingy, so what do companies do for new capital?

  • CNBC2 days ago

    Investors are placing buyout bets on oil drillers after Chevron-Anadarko deal

    Shares of drillers with positions in the Permian Basin are on the rise following Chevron's $33 billion deal to acquire Anadarko Petroleum. Analysts say the rally in drilling stocks is largely a bet on more mergers and acquisitions in the space. Chevron's $33 billion deal to buy Anadarko Petroleum APC is having a halo effect for U.S. oil drillers, as investors place bets on the next acquisition target in the U.S. shale oil space.

  • Moody's2 days ago

    Western Gas Partners, LP -- Moody's affirms Chevron's Aa2 ratings, outlook changed to stable

    NOTE: On April 17, 2019, the press release was corrected as follows: The methodology paragraph was changed to: “The principal methodology used in rating Chevron Corporation, Chevron Canada Funding Company, Chevron Capital U.S.A. Inc., Chevron Funding Corporation, and Texaco Capital Inc. was Global Integrated Oil & Gas Industry published in October 2016. The principal methodology used in rating Anadarko Petroleum Corporation, Kerr-McGee Corporation, Anadarko Finance Company, and Union Pacific Resources Group Inc. was Independent Exploration and Production Industry published in May 2017.

  • Where Wall Street Ratings for BP Stand ahead of Earnings
    Market Realist2 days ago

    Where Wall Street Ratings for BP Stand ahead of Earnings

    Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Analysts’ ratings for BP BP (BP) is expected to post its first-quarter earnings results on April 30, 2019. In this article, we’ll review analysts’ ratings for BP

  • Reuters2 days ago

    Commodity firm Trafigura jumps into chemical trading with new JV

    Global commodities house Trafigura Group said on Wednesday it is entering petrochemicals trading by teaming up with Houston-based Altis Group International to take advantage of an expanding sector. Geneva-based Trafigura estimates the value of the global petrochemical market at $729 billion and growing. The joint venture will have two units - one in Houston and the other in Geneva - with a focus on bulk liquid chemicals such as sulphur byproducts from smelting rather than typical petrochemicals that are used in plastics.

  • Benzinga2 days ago

    Investors Finally Warming Up To Energy Stocks

    The energy sector has been one of the worst-performing market sectors in recent years, as a global oil supply has continued to surprise to the upside. The latest data from Bank of America suggests investors ...

  • InvestorPlace2 days ago

    Why Exxon Mobil Stock Isn’t the Play in the Suddenly Hot Energy Sector

    Exxon Mobil (NYSE:XOM) has a lot going for it. The company's integrated structure mitigates the effect on oil prices on earnings -- and on the XOM stock price. New management has an aggressive growth plan. Annual dividend increases continues to be solid with Exxon Mobil stock currently offering an attractive 4% yield.Overall, I like XOM stock -- at the right price. Indeed, I bought Exxon Mobil stock last year in the $70s. But I sold it in the $80s, because, again, price matters for the shares.With interest in the energy sector heating up of late, thanks to a big merger and higher oil prices, Exxon Mobil stock might seem even more attractive at the moment. But the same structure that mitigates risk also reduces reward. And so investors seeing more upside in energy stocks should remember that if the sector continues to rally, XOM is likely to underperform.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Energy Sector Gets HotThe U.S. energy industry -- which has struggled for a good chunk of the post-crisis bull market -- looks hot again. WTI crude oil prices have risen 39% already in 2019. Shale plays in Texas, in particular, are growing production at a rapid clip. And now Chevron (NYSE:CVX) is planning to acquire Anadarko Petroleum (NYSE:APC) in a deal valued at nearly $50 billion. * 10 Dow Jones Stocks Holding the Blue Chip Index Back As CNBC reported, there's a sentiment among analysts, at least, that the Chevron-Anadarko deal is just the first of many. Investors seem to agree, as major Permian stocks like Pioneer Natural Resources (NYSE:PXD) and Concho Resources (NYSE:CXO) jumped on the news of the acquisition. Those companies could be acquisition targets themselves with Exxon Mobil a potential buyer.All told, the optimism toward the industry seen so far this year makes some sense. Oil prices are helping, though natural gas prices have faded after a late 2018 spike. Production in the Permian, as well as the Bakken play in North Dakota, is likely to increase. With energy stocks largely left for dead the past few years, there's likely room for the rally to continue. Why Not Exxon Mobil Stock?If that rally does continue, XOM stock very well could rise. But it's highly unlikely that an integrated producer is the right bet for higher oil prices -- and greater shale production.The key reason is the same as it was two years ago: XOM actually isn't a great play on oil prices. The company's "downstream" businesses -- refining and petrochemicals -- benefit from lower crude prices. This has proven to be a good thing in recent years as oil plunged, as XOM stock for the most part held up well. (It certainly performed better than most other oil stocks, particularly during the 2014-2015 bust.)But those downstream businesses generally will see margins compress if oil continues to rally. And so upstream-only players -- producers like Anadarko and Concho -- should benefit more if oil adds to its YTD gains.There's also the M&A angle. Obviously, no company is going to acquire Exxon Mobil; it's the largest energy company in the world outside of Saudi Arabia. Rather, particularly given its relative lack of shale exposure, Exxon Mobil is going to be the acquirer if the shale boom continues, but it's the target, not the buyer, whose stock generally rises in those scenarios. Options Beyond XOM StockFor both those reasons, an investor betting on continued optimism toward shale should look away from XOM stock -- and to the smaller producers, one of which might be acquired by Exxon Mobil. That's why Concho and Pioneer rose on the news of the Anadarko acquisition. Chesapeake Energy (NYSE:CHK) continues to be a high-risk, and high-reward, play on that thesis. (Indeed, CHK has risen 46% so far this year.) Its debt load makes an acquisition unlikely for now; higher oil prices should make that debt more manageable and increase near-term cash flow that can reduce its leverage. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Broadly speaking, there's no shortage of potential plays if shale is going to keep moving higher. Per CNBC, RBC analyst Scott Hanold called out Noble Energy (NYSE:NBL) as a likely takeout candidate. Apache Corporation (NYSE:APA) has shale exposure and enough heft to be attractive to a major like Exxon.Again, this is not to say that XOM is a poor stock or even a sell. Higher oil prices should provide some benefit to earnings and, potentially, to Exxon Mobil shares. The dividend yield is attractive, and the valuation remains reasonable.But if shale growth continues, the big rewards here are going to go to the smaller producers and the companies that get sold. It's at those stocks that investors should look if they think the moves in the energy sector are only beginning.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Exxon Mobil Stock Isn't the Play in the Suddenly Hot Energy Sector appeared first on InvestorPlace.

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Anadarko Petroleum Corporation
    PR Newswire2 days ago

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Anadarko Petroleum Corporation

    NEW YORK , April 16, 2019 /PRNewswire/ --  WeissLaw LLP   is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Anadarko Petroleum Corporation ("APC" ...

  • GlobeNewswire2 days ago

    ANADARKO INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Anadarko Petroleum Corporation - APC

    KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-apc/ to learn more.

  • Could This Be The Next High Profile Permian Takeover?
    Oilprice.com2 days ago

    Could This Be The Next High Profile Permian Takeover?

    The oilfield M&A game has officially kicked off following the Anadarko deal, and other major takeovers could already be in motion

  • CNBC3 days ago

    Chevron CEO teased the $33 billion Anadarko deal with a Kevin Durant analogy a month ago

    Chevron Chairman and CEO Michael Wirth danced around a question about acquisitions in the Permian Basin a month before buying Anadarko Petroleum. Wirth compared his strategy of getting "better" not "bigger" in the Permian to the Golden State Warriors picking up Kevin Durant and DeMarcus Cousins. A month later, Wirth used similar language to describe the $33 billion blockbuster deal to purchase the Permian player.