|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||78.09 - 79.33|
|52 Week Range||72.16 - 89.30|
|PE Ratio (TTM)||17.00|
|Forward Dividend & Yield||3.28 (3.99%)|
|1y Target Est||N/A|
Brent Wilsey of Wilsey Asset Management says the markets are more focused on fundamentals with oil companies on his radar as global prices rise.
Investors, hit with another wave of uncertainty on Thursday following President Donald Trump's announcement to call off a summit with North Korea, sold off U.S. equities as expectations for a market turnaround declined going into the holiday weekend. On Thursday, the Dow Jones Industrial Average (DJIA) Index was hard hit on the news, which broke just 30 minutes before the market open, driving the blue-chip index down nearly 300 points before recouping some of its losses later in the afternoon. The Dow closes down 0.3% on Thursday, while the S&P 500 fell about 0.2% and the Nasdaq declined less than 0.1%.
Investors can blame the Dow Jones Industrial Average's decline Friday on two stocks, those of Chevron Corp. and Exxon Mobil Corp. , which are shaving a combined 36 points off the Dow as oil prices sink. Chevron shares were the Dow's biggest losers, as they shed 3.0%, with the price decline of $3.84 taking about 26 points off the Dow. Exxon's stock slumped $1.45, or 1.8%, to reduce the Dow's price by about 10 points.
Previously, we reviewed BP’s (BP) dividend yield, which has fallen to 5.1%. In this part, we’ll look at which institutions bought or sold BP in the first quarter based on the latest 13-F filings.
Previously in this series, we’ve examined BP’s (BP) stock price, moving average trends, and implied volatility. In this part, we’ll look at BP’s dividend trends.
For Fortune's "Lone Star Rises" feature story, Lowy spent five days in two different timezones photographing the people, the process, the area, and the oil.
Russian Natural Resources Minister Dmitry Kobylkin said on Friday the ministry would continue supporting the Sakhalin-1 offshore project, a joint venture between Rosneft and U.S. major Exxon Mobil Corp. ...
As gasoline prices rise to $3 per gallon politicians are once again using ‘pain at the pump’ as a political football, trying to pin the blame on the other party for the dramatic rise in gasoline prices
Despite the commercial success of Papua LNG, the island nation is still hoping to carve out a better deal with ExxonMobil and its partners
Despite their enticing nature, oil stocks are always tricky. Subject to multiple factors, particularly geopolitical pressures, the energy sector is often a hit-or-miss affair. Additionally, with the current Trump administration at the helm over unprecedented issues, this year should be especially unpredictable.
Algerian state energy firm Sonatrach is seeking cooperation with Exxon Mobil Corp on shale gas "and more", Sonatrach's chief executive said on Thursday. Abdelmoumen Ould Kaddour, who was visiting the southern In Salah gas field, did not elaborate. Exxon was not immediately available for comment.
BP (BP) stock has risen 18% in the second quarter, primarily led by surging oil prices and markets. Meanwhile, WTI has risen 14%, and the SPDR S&P 500 ETF (SPY) has risen 6%.
China and the U.S. are moving closer to a comprehensive trade deal, with Treasury Secretary Steve Mnuchin saying that “a trade war is on hold” and China apparently making numerous concessions to the U.S.. The energy and agricultural sectors in general, and Cheniere Energy, Inc. (NYSE:LNG), Chesapeake Energy Corporation (NYSE: CHK), Deere & Company (NYSE: DE) and Monsanto Company (NYSE: MON) in particular, look very well-positioned to benefit tremendously from a U.S.-China trade deal.
Could Chevron Be Positioned for Growth? In this series, we’ve looked at analyst ratings and target prices for Chevron (CVX) and analyzed the company’s debt and cash flow position to determine its future outlook. In Q1 2018, Chevron’s downstream earnings fell, contributing less to its total earnings due to narrower margins and lower throughputs.
Darren Woods is mounting a strong defense of his plan to rescue Exxon Mobil Corp. from its share-price slump with $200 billion of investment over seven years that’s at odds with the belt-tightening undertaken by rivals. Share buybacks will come only if there’s excess cash, the chief executive officer said, ahead of a speech on the company’s strategy at Exxon’s annual meeting on May 30. Since Woods became CEO in 2017, Exxon has fallen 9 percent, compared with an 18 percent gain for its biggest rival, Royal Dutch Shell Plc. The CEO said he sees “a little bit of a disconnect” between the market’s short-term expectations and Exxon’s long-term planning.
Despite record corporate profits, a big tax cut, and falling unemployment, investors have been reluctant to bid stocks higher this quarter. There are no fundamental hints of an inbound bear market, so this may just be a manifestation of “Sell in May and Go Away,” an old stock market adage. In the Investopedia Daily Market Commentary webinar, we have been focusing on the reasons investors should stay involved in the market this summer.
Corp. plans to reduce methane emissions 15% by 2020, the latest in a series of pledges by major oil companies to voluntarily curtail releases of the potent greenhouse gas. The Texas-based company also said it intends to cut flaring, or burning of natural gas, by 25% over the same period. Exxon’s move Wednesday, a week before its annual meeting May 30, comes as pressure from investors mounts on big oil companies to not only disclose climate-related business risks, but also take action to reduce emissions linked to global warming.
Chevron (CVX) has upstream assets around the globe. CVX expects its production volumes to grow 4%–7% YoY (year-over-year) this year. In the first quarter, Chevron’s worldwide production rose 6.6% to 2.9 MMboepd (million barrel of oil equivalent per day). In comparison, in the first quarter, ExxonMobil (XOM) produced 3.9 MMboepd, and Royal Dutch Shell (RDS.A) and BP (BP) produced 3.8 MMboepd and 2.6 MMboepd, respectively.
Seasoned dividend investors know that there are big differences between stocks that pay dividends and companies that legitimately have “dividend stocks.” Companies in the latter category have, in many cases, displayed lengthy commitments to not only paying dividends but growing payouts as well. Many investors label companies with long dividend track records as “dividend aristocrats.” That is not just a catchy term. There are indices devoted to dividend aristocrats, including the S&P 500 Dividend Aristocrats Index.