|Bid||110.31 x 1000|
|Ask||113.30 x 1000|
|Day's Range||111.51 - 113.07|
|52 Week Range||100.22 - 132.80|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||15.09|
|Earnings Date||Feb 1, 2019|
|Forward Dividend & Yield||4.48 (3.95%)|
|1y Target Est||138.65|
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use by other major trading firms since the end of last year, is the first of many blockchain pilot schemes for commodities trading to go live. The firm was created in 2017 by a consortium that includes oil majors BP and Royal Dutch Shell, Norway's Equinor, global energy trading firms Mercuria Energy Group and Koch Supply and Trading, as well as Gunvor Group.
Moody's Investors Service (Moody's) changed Chevron Corporation's (Chevron) rating outlook to positive from stable. Moody's affirmed the Aa2 issuer and senior unsecured ratings of Chevron and its guaranteed subsidiaries, as well as the Prime-1 short term rating. "Chevron's positive outlook reflects our expectation of continued free cash flow generation and debt reduction, strengthening the company's resiliency to volatile oil prices," commented Pete Speer, Moody's Senior Vice President.
Will Shell’s Q4 Earnings Meet Analysts’ Expectations?Third-quarter estimated and actual performances Royal Dutch Shell (RDS.A) plans to release its fourth-quarter earnings results on January 31. Before we review the company’s fourth-quarter
# Chevron Corp ### NYSE:CVX View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for CVX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CVX. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $15.78 billion over the last one-month into ETFs that hold CVX are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. Although CVX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Our 2019 market view remains cautious as continued pressures from a macro-economic standpoint weight on an already tenuous technical landscape. Based on these views, we feel a "safety-first" oriented approach with a focus on high-quality, well-managed companies is the best way to move forward in the new year, notes Zach Jonson, senior portfolio manager for Stack Financial Management.
rude oil prices fell Monday on weak Chinese economic data, despite OPEC reassurances that global demand is strong and its production cuts are working.
The Permian Basin once played host to the cowboys of the oil world, independent prospectors hoping to strike it rich, but now supermajors have moved in and the region is evolving
Where we were: Chevron (ticker: CVX) had a painful 2018, and the shares are off more than 15% in the past 12 months. Where we’re headed: Chevron has plenty to recommend it, but HSBC worries that much of the good news is already priced into the shares. For a brief moment at the start of 2018, it seemed like Chevron and oil prices were bound for better days.
Chevron and Occidental Petroleum recently announced they will invest in Carbon Engineering Ltd., a Squamish, B.C. clean energy start-up company backed by among other, Bill Gates
The U.S. oil giant will spend about $9 billion to $10 billion a year on “short-cycle investments” through 2022, primarily focused on the Permian Basin, the world’s biggest shale oil region, the San Ramon-based company said in a presentation on its website Friday. Big Oil was slow to join the U.S. shale boom, focusing on mega offshore projects while watching independent wildcatters work out the technology before dipping their toes in. “Most of our assets are competitive when tested against aggressive scenarios” such as the International Energy Agency’s sustainable development model, Chevron said.
Nurdles are tiny pellets of plastic resin no bigger than a pencil eraser that manufacturers transform into packaging, plastic straws, water bottles and other typical targets of environmental action. A U.K. environmental consultancy estimated last year that preproduction plastic pellets are the second-largest source of micro-plastic pollution in water, after micro-fragments from vehicle tires. Now, shareholder advocacy group As You Sow has filed resolutions with Chevron Corp., DowDupont Inc., Exxon Mobil Corp. and Phillips 66 asking them to disclose how many nurdles escape their production process each year, and how effectively they’re addressing the issue.
What's Impacting Your Energy Portfolio Gain? ## Oil prices On January 10, US crude oil February futures rose 0.4% and settled at $52.59 per barrel. The US-China trade talks this week might have supported oil prices. In the trailing week, US crude oil prices rose 11.7% with a fall in the implied volatility, which we’ll discuss in Part 4 of this series. However, the Energy Select Sector SPDR ETF (XLE) rose 0.3% on January 10. The S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 0.5%. In Part 3 of this series, we’ll analyze US crude oil’s relationship with these equity indexes. Integrated energy stocks like ExxonMobil (XOM) and Chevron (CVX) are also sensitive to oil prices. ## US government shutdown At 6:50 AM EST, US crude oil prices rose by 32 cents. However, if the US government shutdown continues, it might wash away the gain in oil prices from the trade talks. President Trump might consider declaring an emergency if the shutdown doesn’t end. Declaring an emergency might spook equity markets and oil’s gains. US crude oil prices are near the price forecast for 2019. ## Demand concerns Concerns about the demand side could be another problem for oil prices. On January 10, the US Ten-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity yield spread was 11 basis points above its multiyear low of 14 basis points on January 3—a concern for oil prices going forward. If the spread enters the negative territory, the economy might enter a recession in the next year. Next, we’ll discuss the key drivers for energy ETFs. Continue to Next Part Browse this series on Market Realist: * Part 2 - Wall Street’s Sentiments Boosted Energy ETFs * Part 3 - Broader Market Might Have Pushed Oil Higher * Part 4 - Where US Crude Oil Might Head Next Week
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday. Guyana, with no history of oil production, has become the focus of intense interest since Exxon announced the discovery of over 5 billion barrels of oil and gas off its shores. OPEC-member Venezuela's crude output is near its lowest levels in 70 years amid an economic crisis.
Nymex crude oil futures are up a bull market 23.1% since trading as low as $42.38 per barrel on Dec. 24. Longer term, crude oil remains in a bear market, 32.2% below its Oct. 3 high of $76.90 per barrel with Chevron and Exxon Mobile in correction territory. Chevron is 15.4% below its Jan. 16, 2018 high of $133.88 and Exxon is 18.9% below its Jan. 29, 2018 high.
While easing oversupply concerns and hopes of U.S.-China trade deal helped oil to squirt past $50, it remains to be seen if the commodity can maintain the recent gains.
XOM, CVX, Shell, and BP: How Will Their Q4 Earnings Shake Out? (Continued from Prior Part) ## Analysts’ ratings for integrated energy companies In the previous article, we began reviewing integrated energy companies’ analyst ratings ahead of their fourth-quarter earnings results. We compared the overall ratings of four companies: ExxonMobil (XOM), Royal Dutch Shell (RDS.A), BP (BP), and Chevron (CVX). We also looked at analysts’ rating details for Shell and Chevron. Now let’s look at analysts’ rating details for BP and ExxonMobil. ## Why are analysts’ opinions on BP divided? Analysts’ opinions on BP are divided likely due to the company’s high earnings growth expectation and weak debt position. In 2018, analysts expect BP’s earnings to rise ~96%, which seems achievable given its higher upstream and stable downstream earnings in the first nine months of the year. In the same period, BP’s adjusted earnings more than doubled YoY (year-over-year). However, BP’s debt ratio (total debt-to-total capital) of 38% stood higher than those of its peers in the third quarter. ExxonMobil’s, Chevron’s, and Royal Dutch Shell’s ratios stood at 17%, 19%, and 28%, respectively, in the quarter. Analysts may keep their “hold” and “sell” ratings for BP until the company’s debt ratio plunges below the peer average. BP’s mean target price stands at $49 per share, implying a potential 23% rise from its current level. ## ExxonMobil’s high “hold” and “sell” ratings ExxonMobil is a financially healthy company with a comfortable debt position and an excellent liquidity position. In fact, in the third quarter, ExxonMobil had the lowest total debt-to-total capital ratio in the industry. Also, the company had surplus cash from operations after covering its capex and dividend payments in the first nine months of the year. However, ExxonMobil stock is trading at a premium to the peer average. It has a forward PE of 13.9x, the highest among its peers. Presumably due to its premium valuations, many analysts have rated the stock as a “hold” or a “sell.” Browse this series on Market Realist: * Part 1 - XOM, CVX, Shell, and BP: How Will Their Q4 Earnings Shake Out? * Part 2 - Chevron to Post the Highest Earnings Growth in Q4 * Part 3 - ExxonMobil Ranks Second with 33% Estimated Earnings Growth in Q4
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Turtle Beach Corp (NASDAQ: HEAR ) has come down a lot and it looks all right now. Cramer doesn't mind Chevron Corporation (NYSE: CVX ), ...