|Bid||52.79 x 1100|
|Ask||102.41 x 800|
|Day's Range||93.47 - 94.28|
|52 Week Range||69.60 - 105.61|
|PE Ratio (TTM)||13.96|
|Forward Dividend & Yield||6.61 (7.54%)|
|1y Target Est||117.25|
Aug 9 (Reuters) - China Petroleum & Chemical Corp : * SAYS CONTROLLING SHAREHOLDER PLANS TO TRANSFER 2.48 BILLION A-SHARES IN THE COMPANY TO TWO INVESTMENT FIRMS * SAYS CONTROLLING SHAREHOLDER'S HOLDING ...
South Africa’s Competition Commission was granted an extension of 15 working days to consult on a proposed deal in which a black-investor group backed by Glencore Plc would buy Chevron Corp.’s assets in southern Africa. The merging parties -- Off The Shelf Investments Fifty Six Pty Ltd. and Chevron South Africa Pty Ltd. -- opposed the extension application to the Competition Tribunal. Off The Shelf’s investors own the 25 percent of the southern African business that Chevron doesn’t.
Though oil majors are constantly cutting costs, boosting production and exploration, the real rise or fall in profits and revenue are largely dictated by crude prices
China’s shale gas industry began with a long shot. Guo Xusheng, a stout and affable chief geologist at a unit of China Petroleum & Chemical Corp., persuaded his bosses in 2009 to give him about $3 million to drill deeper than anyone had before in southwestern China. For Sinopec, as the company is known, the shale boom in the U.S. convinced them that Guo’s plan was worth a try.
ExxonMobil (XOM) to undertake construction and operation of natural gas liquefaction and associated facilities in the Rovuma LNG Project.
Enbridge's (ENB) assets in the divestment have a total capacity of 3.3 Bcf/day and 3,550 kilometer of natural gas gathering pipelines.
Shah Deniz 2, BP's largest upstream project in 2018, will help the company reach production target of 900,000 barrels of oil by 2021.
Hess' (HES) agreement to sell joint venture interest of Utica shale play is in sync with the strategy to focus on profitable projects which will boost prospects.
ExxonMobil (XOM) and co-venturers are in talks to bind sales and purchase agreements for the Rovuma LNG with some affiliated buyers of the Area 4.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...
As the trade war between the U.S. and China heats up, China is looking to reduce its U.S. oil imports in order to avoid a possible tariff on American oil – bad news for U.S. producers
Equinor's (EQNR) equity production in Brazil increase by around 150% after acquiring interests in Petrobras-operated Roncador field.
During the run-up to the just-escalated trade war between the U.S. and China, the Asian giant had one trump card: North Korean dictator Kim Jong Un. To avoid armed conflict, any conflict must necessarily involve China. Last week’s meeting between Trump and Kim necessarily demonstrated this paradigm shift.
While China’s move to create a national pipeline giant has taken center stage, investors should focus further out on how that clears a hurdle for Sinopec to spinoff its retail business, a move that may boost the oil giant’s valuation. The listing of the marketing unit by the refining behemoth, officially known as China Petroleum & Chemical Corp., has been awaiting the shift of its oil and fuel pipelines into the new national operator, according to China International Capital Corp. and Sanford C. Bernstein & Co. That’s why the pipeline reform may give further impetus for shares of the company to extend a 30 percent rally this year. To read more about China’s plans for a national pipeline company, click here.
Six Flags Entertainment, Thomson Reuters, Toyota Motor, China Petroleum & Chemical and Merck highlighted as Zacks Bull and Bear of the Day
After small-caps took charge of the bull run through February to May, mega caps returned to the forefront in June. This is especially true as the blue-chip Dow Jones index climbed 3.7% to start June, outpacing the gains of 2.7% for the S&P 500 and 2.4% for the Russell 2000. Notably, the Dow Jones surged 2.8% last week, its biggest weekly gain since March.Source: Pixabay
Chevron's (CVX) South African assets including 800 Caltex service stations and a 100,000-barrel per day refinery are up for sale.