|Bid||116.00 x 2900|
|Ask||119.50 x 900|
|Day's Range||117.09 - 118.58|
|52 Week Range||105.30 - 133.88|
|PE Ratio (TTM)||18.54|
|Earnings Date||Oct 25, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||4.48 (3.80%)|
|1y Target Est||147.12|
Moody's Investors Service has affirmed the A1 domestic issuer and foreign currency senior unsecured ratings of Petroliam Nasional Berhad (PETRONAS). At the same time, Moody's has also affirmed (1) the A1 rating on the senior unsecured notes issued by PETRONAS Capital Limited and guaranteed by PETRONAS, (2) the (P)A1 rating on the $15 billion medium-term note (MTN) program set up by PETRONAS Capital Limited and guaranteed by PETRONAS, and (3) the A1 rating on the sukuk issued through PETRONAS Global Sukuk Ltd.
In this part, we’ll assess whether BP’s (BP) debt position has improved. Let’s begin by looking at how BP’s debt position compares with peers’. In the second quarter, BP’s total debt-to-capital ratio was 37%, higher than the industry average of 33%. The industry average considers 13 integrated energy companies worldwide.
Per the Bureau of Ocean Energy Management, the Lease Sale 251 draws 171 bids, raking in more than $178 million in high bids from oil and gas companies.
U.S. crude oil inventories jumped last week even as refining utilization remained high, the EIA said on Wednesday in a majorly bearish report.
Of the ten analysts covering BP (BP), four (40%) recommend “buy” or “strong buy,” five (50%) recommend “hold,” and one (10%) recommends “sell.” Jeffries recently cut its target price for BP to $48.60. However, Goldman Sachs has added BP stock to its Conviction List. Analysts’ mean target price for BP is $49, implying an 18% upside.
“If we have hurricanes come, we will shut these plants down. That’s the safe and environmentally sound thing to do.”
Previously, we saw that BP’s (BP) major upstream projects are expected to boost its hydrocarbon production this year. Let’s now look at how BP’s upstream earnings could shape up in Q3 2018. BP’s upstream earnings rely on crude oil prices and hydrocarbon volumes.
BP (BP), which launched seven major upstream projects last year, expects six more to start production this year. With the ramp-up of its 2017 projects and the initiation of new projects, BP’s production is set to grow this year.
Previously, we reviewed the changes in integrated energy stocks’ short interest. In this part, we’ll compare forward valuations of integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP).
Investing.com – The Dow posted tripled digit losses Wednesday as plunging oil prices sent energy stocks tumbling, and a rout in global markets hurt performance.
The major indexes stumbled on growing concerns over trade tariffs, and the Nasdaq composite easily surrendered all of the prior session's gain. Apple is down but holding up fine.
Stocks shifted to a defensive posture Wednesday. Among IBD's 197 industry groups, utilities, food and tobacco advanced. Oil and steel retreated.
With elections right around the corner, oil and gas companies operating in Indonesia may be in jeopardy as candidates increasingly push for the repatriation of the country’s vast natural resource reserves
Investing.com - Chevron (NYSE:CVX) fell by 3.14% to trade at $118.73 by 10:51 (14:51 GMT) on Wednesday on the NYSE exchange, down 3.14% on the day.
In the preceding part, we analyzed institutional holdings in integrated energy stocks. Here, we’ll consider changes in short interest.
MARKET PULSE Shares of Caterpillar Inc. (cat) sank 3.4% in morning trade Wednesday, to pace the 26-of-30 Dow Jones Industrial Average (djia) components that are losing ground. The Dow dropped 288 points, as investors expressed concern over Turkey's currency crisis.
SAN RAMON, Calif., Aug. 15, 2018 /PRNewswire/ -- Chevron Products Company, a leading provider of premium aftermarket fuel additives, engine oils, lubricants, coolants and related products, today introduced its new Techron Marine Fuel System Treatment formulated specifically for gasoline-powered boats and the harsh marine environment. Following extended development and testing, new Techron® Protection Plus Marine Fuel System Treatment is now available for wholesale orders and will be offered to the boating public August 2018. Contact your Chevron representative for order details. Its proprietary alcohol and emulsifier-free formula does not contribute to water uptake and provides boaters with superior protection and performance, along with enhanced fuel stabilization and the proven cleaning power of the Techron brand.
ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends consistently in the past few years. Before we review their dividend yield trends, let’s look at their dividend payments in the third quarter. In the third quarter, XOM will pay a dividend of $0.82 per share on September 10, which represents 9.3% growth over Q3 2016. Similarly, CVX’s dividend payment stands at $1.12 per share in the third quarter, which implies a 4.7% rise over Q3 2016.
Indonesia's PT Pertamina will get an extra 225,000 barrels per day (bpd) of crude oil under a government plan requiring all contractors in the country to sell their output to the state energy firm to curb imports and support the rupiah. Indonesia, the biggest oil producer in Southeast Asia, currently produces around 775,000 bpd of crude oil, of which 550,000 bpd already goes to Pertamina including its own oil output. With the new rule, the entire domestic output will go to Pertamina, oil and gas director general Djoko Siswanto told reporters on Wednesday.
Implied volatilities in integrated energy stocks have fallen in the third quarter. The fall in implied volatility in Chevron (CVX) is the highest compared to peers BP (BP), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
In the third quarter to date, Royal Dutch Shell (RDS.A) stock has fallen 6.3%, the highest among peers Chevron (CVX), ExxonMobil (XOM), and BP (BP). XOM and CVX have lost 3.9% and 1.5%, respectively, in the same period. Similarly, BP has fallen 5.6% since July 2.
Investors who want to cash in on Chevron Corporation’s (NYSE:CVX) upcoming dividend of US$1.12 per share have only 2 days left to buy the shares before its ex-dividend date, 16Read More...
Two accomplished technical analysts can look at the same chart and come to a different conclusion (some fundamental analysts at times point out this observation as a reason not to use technical analysis). In this daily bar chart of CVX, below, we can see a strong rally from last August to January followed by a quick and deep reaction. The volume pattern does not seem to reveal a trend and the same goes for the daily On-Balance-Volume (OBV) line, which has been flat since January.