|Bid||122.63 x 100|
|Ask||122.68 x 700|
|Day's range||121.80 - 122.90|
|52-week range||102.55 - 133.88|
|PE ratio (TTM)||25.31|
|Earnings date||27 Apr 2018|
|Forward dividend & yield||4.48 (3.74%)|
|1y target est||135.88|
Earnings season is in full swing, and the week of April 23 is jam-packed with releases by some of the market’s most popular companies. Here are 20 reports we will be watching closely next week:
The largest exchange-traded fund to track the energy sector declined in early trading on Friday, after President Donald Trump tweeted that crude-oil prices were "artificially high." The Energy ...
The S&P 500 fell ~0.5% to 2,693.13 on April 19, 2018, due to a decline in consumer staples and real estate stocks. Eight out of the ten major sectors in the S&P 500 fell on April 19, 2018.
The price per gallon of oil is close to $4.00 in Southern California. Oil prices have spiked this year and gasoline prices have followed. This is adding significant pressure on consumers, the driving force behind our economy, and with Saudi Arabia eyeballing $100 per barrel for oil there seems to be no end in sight, but there is. UCO is up approximately 18% this year, representing about a 9% increase in domestic oil prices. In my region, Southern California, gasoline prices are also approximately 50¢ higher than they were at this time last year. Although the price per gallon is closer to $4.00 in Southern California, where it is closer to $3.00 nationally, the same price difference seems to exist. Gasoline was much cheaper a year ago, and these higher gasoline prices act like a tax on the consumer. Our analysis suggests that the average consumer is losing about 27% of his tax benefit as a result of higher gasoline prices. This dampens the economic impact of the tax cuts accordingly, by hitting the consumer hard.
Gains in family disposable income could be entirely wiped out by rises in gas prices. This will affect lower-income families especially.
CARACAS, Venezuela (AP) — In a story sent April 17 about the arrest of two Chevron employees in Venezuela, The Associated Press misstated the title of a former executive who traveled to Caracas last year to meet with President Nicolas Maduro. Ali Moshiri was president of Chevron's operation in Africa and Latin America, not the company's CEO.
Chevron (CVX) has seen a fall in its short interest (as a percentage of outstanding shares) by 0.2 percentage points at the end of March to the current level of 1.1%. This fall implies that bearish sentiment in the stock has decreased. Over the same period, Chevron stock has risen 6.4%.
Chevron (CVX) approved the $5.1 billion expansion of its Gorgon LNG project in Australia, while McDermott International (MDR) and National Oilwell Varco (NOV) provided contrasting Q1 updates.
Two Chevron Corp. employees were arrested in Venezuela on Monday amid a crackdown on alleged corruption in the oil industry by President Nicolas Maduro.
Two employees of Chevron Corp., one of the few majors still helping Venezuela’s collapsing oil industry, were arrested there on Monday as President Nicolas Maduro ratchets up his crackdown on alleged corruption....
In this part of our series, we’ll look at Chevron’s (CVX) stock price forecast range, based on its implied volatility, for the 15-day period ahead of its earnings. Chevron is expected to post its 1Q18 earnings on April 27.
A group of workers at Venezuela’s state-owned oil company are requesting wages in dollars as well as meal plans and better health insurance to make up for what they called "suffocating" economic ...
Before we proceed with Chevron’s (CVX) 1Q18 segmental outlook, let’s briefly look at the company’s 4Q17 segmental performance.
Apart from resulting in creation of jobs, Chevron's (CVX) Gorgon expansion project is likely to boost the domestic supply of gas from 200 terajoules (TJ) to about 300TJ a day.
U.S. output rose by 65,000 barrels per day last week to more than 10.5 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
In this series, we’ve reviewed Royal Dutch Shell’s (RDS.A) 1Q18 estimates, segment-wise prospects, stock returns, moving averages, and stock price forecast prior to its earnings release on April 26, 2018. Shell (RDS.A) is rated by 11 Wall Street analysts.
New Zealand has become one of the world’s first countries to ban all future offshore oil and gas exploration in a move heralded by environmental campaigners as a major blow to “big oil”. “There will be ...
Do Analysts Have High Expectations for Shell’s 1Q18 Earnings? Let’s analyze Royal Dutch Shell’s (RDS.A) segmental earnings performance in 4Q17 and then move on to its 1Q18 earnings expectations. Shell’s Upstream segment’s earnings rose sharply from $54 million in 4Q16 to $1.7 billion in 4Q17 on a CCSEII (current cost of supplies excluding identified items) basis.
Chevron's (CVX) divestment of Elk Hills Field's stake to California Resources is going to result in cash flow and synergy benefits, along with long-term growth opportunities for the latter.
In this part, we’ll examine analyst ratings for Total (TOT), which occupies the last slot in the list of seven firms. Now let’s delve into analyst ratings for TOT. Total is a French integrated energy company with exploration and production (or E&P), gas, renewables, and power (or GRP), refining and chemicals (or R&C), and marketing and services (or M&S) business segments.
Both ExxonMobil and Chevron have seen difficult times recently, but as oil prices are rising above $70, both companies are poised for growth