116.94 0.00 (0.00%)
After hours: 7:39PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||116.91 - 118.86|
|52-week range||108.02 - 133.88|
|Beta (3Y Monthly)||1.04|
|PE ratio (TTM)||18.41|
|Earnings date||2 Nov 2018|
|Forward dividend & yield||4.48 (3.80%)|
|1y target est||146.28|
U.S. crude oil exports hit a record of 2.2 million bpd earlier this year, and exports could potentially double from here, but what are the risks?
Before we proceed with a third-quarter segmental outlook for Suncor Energy (SU), let’s have a look at its second-quarter segmental performance. Suncor’s exploration and production earnings rose 71% YoY (year-over-year) to 311 million Canadian dollars due to better realizations and lower royalties.
Since more than 76% of the total production comprises oil, Oasis Petroleum (OAS) has been capitalizing on the significant recovery in oil prices.
On October 12, the IEA (International Energy Agency) released its Oil Market Report. In the report, the IEA cut oil’s demand growth forecast by 0.1 MMbpd (million barrels per day) to 1.3 MMbpd and 1.4 MMbpd for 2018 and 2019, respectively. The cut might be a negative development for oil prices.
Enterprise Products (EPD) intends to develop two NGL fractionation trains at Mont Belvieu, with the cost of the project estimated at $789.7 million.
Chevron, Outfront Media, Boeing, Lockheed, Huntington Ingalls highlighted as Zacks Bull and Bear of the Day
McDermott (MDR) states that the value of the technology providing deal with INEOS is estimated to be in the range of $1-$50 million.
Chevron (CVX) intends to sell its last remaining stake in the oil exploration license offshore Norway, marking a full exit from the country.
The Zacks Analyst Blog Highlights: Chevron, Range Resources, Penn Virginia, Shell Midstream and Unit
PayPal (PYPL) and Chevron (CVX) have teamed up to launch a new payment service, which is scheduled to launch early next year and will allow drivers to use their PayPal balances to pay for fuel and services, including car washes, at gas stations operated by Chevron. To be able to pay using PayPal balances at Chevron pumps, drivers must download and install a mobile app created by Chevron.
Chevron is the first oil supermajor to leave the Norwegian Continental Shelf, after Norway’s authorities accepted the sale of the only asset of the U.S. firm
On October 9, natural gas November futures were almost unchanged and settled at $3.27 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since January 30.
In this series, we’ve examined BP’s third quarter of 2018 estimates, its segmental outlook, its stock returns, and its stock price estimate before its earnings release on October 30. In this part, we’ll look at analysts’ ratings for BP.
The aggregate principal amount of the senior second lien notes being offered by W&T Offshore (WTI) is estimated at $625 million.
Ensco (ESV) agreed to snap up Rowan Companies (RDC) in a $2.38 billion deal, while Canada's Precision Drilling (PDS) is set to acquire Trinidad Drilling Limited for C$1.03 billion.
In the previous part, we saw BP’s (BP) earnings estimate for Q3 2018. Now let’s look at its expected upstream earnings for the third quarter. Upstream earnings rely on crude oil prices and hydrocarbon volumes, so let’s evaluate their trends in Q3 2018.
Equinor (EQNR) reduces investment costs by around NOK 30 billion, in order to develop its Norwegian continental shelf projects.