|Bid||64.50 x 1000|
|Ask||65.30 x 1100|
|Day's Range||64.63 - 65.19|
|52 Week Range||59.21 - 85.02|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||14.79|
|Forward Dividend & Yield||1.36 (2.06%)|
|1y Target Est||86.26|
The world’s biggest crude importer boosted imports from Venezuela and Iran last month from January, with the shipments costing the least since November 2017, data released on Monday by the General Administration of Customs show. Both of the OPEC producers are subject to separate U.S. sanctions that have squeezed their sales to customers across the globe. While the U.S. has granted several buyers waivers from its sanctions to continue buying Iranian oil, the volumes they are allowed to buy are restricted.
China’s big three -- PetroChina Co., Sinopec Corp. and Cnooc Ltd. -- are raising combined capital expenditure to about 517 billion yuan ($77 billion), up 18 percent from last year. Meanwhile, Exxon Mobil Corp. is pouring money into world-class assets that will raise output in the coming years, including Guyana, Papua New Guinea and Brazil, as well as the Permian Basin.
Faced with a declining reserve base and a government mandate to increase domestic production, PetroChina went on a spending splurge last year. Its 256 billion yuan ($38 billion) in capital expenditures in 2018 was more than was spent by BP Plc, Chevron Corp. and ConocoPhillips put together. In reporting annual results Thursday, PetroChina announced plans to further raise the total to 301 billion yuan this year, or $45 billion.
Canadian natural gas producers continue to struggle with low prices as they face, just like oil drillers, face a shortage in takeaway capacity
Will Suncor’s Shareholder Returns Continue to Rise?(Continued from Prior Part)Price range for the 11 days that end on March 29In this article, we’ll estimate Suncor Energy’s (SU) stock price based on its current implied volatility. Implied
Will Suncor’s Shareholder Returns Continue to Rise?(Continued from Prior Part)Suncor’s moving averages Suncor Energy (SU) stock has surged 22% so far in the first quarter. Let’s look at the stock’s moving average trend in the period. Before
Chevron Stock Rises, Commands Premium Valuations(Continued from Prior Part)Short interest in ChevronThe short interest or percentage of outstanding shares in Chevron (CVX) has fallen from 1.12% on January 2 to the current level of 0.83%. Usually, a
PetroChina, Asia's largest oil and gas producer, plans to boost capital spending to 300 billion yuan (34.28 billion pounds) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record level came as PetroChina pledged to ramp up oil and gas production and reserves to answer Beijing's call for greater energy security. The group expects crude oil output this year at 905.9 million barrels and gas output of 3,811.0 billion cubic feet, it said in its earnings statement, with the total oil and gas equivalent of 1,541.2 million barrels.
Will Suncor’s Shareholder Returns Continue to Rise?(Continued from Prior Part)Suncor’s valuations Suncor Energy (SU) is trading at a forward PE multiple of 17.3x, higher than the peer average of 13.1x. ExxonMobil (XOM), Chevron (CVX), and
Chevron Stock Rises, Commands Premium Valuations(Continued from Prior Part)Chevron Previously in this series, we reviewed Chevron’s (CVX) valuation, stock performance, and moving averages. We saw that the stock has risen 13% in the first quarter.
Higher Oil Prices Have Boosted BP Stock 10% in Q1(Continued from Prior Part)BP’s valuations Earlier, we discussed BP’s (BP) short interest trend. In this article, we’ll examine BP’s forward valuations compared to those of its peers.
Shell's (RDS.A) LNG Canada expansion is expected to add two more liquification trains and increase its production capacity to 28 million tons.
Higher Oil Prices Have Boosted BP Stock 10% in Q1(Continued from Prior Part)Short interest in BPIn the previous article, we reviewed changes in institutional holdings in BP (BP) stock. Now let’s look at changes in its short interest.Short
Before existing exemptions were granted in early November, Saudi Arabia was pumping at record levels, benchmark Brent futures rose to a four-year high, traders were predicting $100 oil, and Donald Trump was seeking lower fuel prices ahead of U.S. mid-term elections. The waivers blindsided the market, which had assumed America would bring Iranian exports to zero, and sparked a 40 percent collapse in crude. Now, as the six-month waivers allowing buyers to ship limited quantities approach their expiry, the Saudis are pursuing aggressive output cuts, U.S. sanctions on Venezuela have further squeezed supplies and OPEC producers burned by last quarter’s oil slump are defying Trump’s call for lower prices.
Saudi Arabian Oil Co., or Saudi Aramco, sharply raised prices for Asian shipments on Tuesday, lifting its premium on Arab Light crude by 50 cents to $1.20 a barrel above the Oman-Dubai benchmark. China’s imports of crude have been surging since 2015, when Beijing started allowing its “teapot” refineries — small-scale independent operations that are mostly based in Shandong province — to buy from abroad. If you subtract their import quotas from China’s total crude imports, it looks like state-owned PetroChina Ltd., China Petroleum & Chemical Co. and Cnooc Ltd. have been unloading more or less the same 300 million-odd annual metric tons all along.
Australia’s ambitions of becoming a world class LNG exporter are looking bleak as a part of the country will now have to start importing the commodity
Royal Dutch Shell and PetroChina joint venture Arrow Energy on Thursday was granted leases for a A$10 billion (5.37 billion pounds) project to develop Australia's biggest coal seam gas resource. The Queensland government said it had granted 14 leases to Arrow Energy for the Surat project, which holds 5 trillion cubic feet (140 billion cubic metres) of gas. As part of the deal, Arrow will be using QCLNG's gas processing and pipeline infrastructure, helping to cut project costs and allowing Arrow to sell its gas both for export and into the domestic market.
Shell Is Up 6% in Q1 as Recovering Oil, Markets Come to Its Aid(Continued from Prior Part)Estimated price range for Shell stockImplied volatility in Royal Dutch Shell (RDS.A) has fallen by nine percentage points since January 2, 2019, to its current
Shell Is Up 6% in Q1 as Recovering Oil, Markets Come to Its AidShell stock compared to oil prices and markets Royal Dutch Shell (RDS.A) stock has risen 6% to date in the first quarter of 2019 led primarily by a recovery in oil prices and a rise in
MELBOURNE/SINGAPORE (Reuters) - Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia's biggest coal seam gas resource, three industry sources said. PetroChina, the listed arm of China National Petroleum Corp (CNPC), is eager to start developing Arrow's 5 trillion cubic feet (140 billion cubic meters) of gas in the Surat Basin in Queensland to turn around loss-making Arrow Energy, one of its key overseas assets. It is at the mercy of venture partner Shell, however, as the Anglo-Dutch oil company is also majority owner of Arrow's biggest potential customer, Queensland Curtis LNG (QCLNG), a liquefied natural gas plant on an island off Queensland state.
The most expensive publicly traded stock of all time is Warren Buffett’s Berkshire Hathaway (BRK.A), which is trading at $305,085 per share, as of February, 2019). Berkshire hit an all-time high on Oct.