CVX Oct 2024 105.000 put
| Previous close | 0.1500 |
| Open | 0.0700 |
| Bid | 0.0100 |
| Ask | 0.0600 |
| Strike | 105.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.0700 - 0.1500 |
| Contract range | N/A |
| Volume | |
| Open interest | 20 |
BloombergTropical Storm Francine Strengthens as Oil Producers Clear Decks
(Bloomberg) -- Tropical Storm Francine strengthened in the Gulf of Mexico, spurring oil drillers to evacuate crews as government forecasters increased the intensity outlook for a system now expected to slam into Louisiana as a Category 2 hurricane.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusThe Plan for the World’s Most Ambitious Skyscraper
ZacksChevron Submits an Updated Development Plan for Aphrodite Field
CVX's updated plan for development involves the drilling of four new subsea wells in the initial phase. These wells will be connected to a floating production unit.
- Yahoo Finance Video
Chevron vice chair discusses oil demand, Hess, portfolio
Chevron (CVX) has announced plans to boost oil (BZ=F, CL=F) and natural gas recovery at two of the energy giant's US Gulf of Mexico facilities. Chevron Vice Chairman Mark Nelson sits down with Brad Smith on Catalysts to discuss the state of the oil market and the company's outlook. Nelson notes that oil demand continues to be strong "across the globe," identifying two key macro factors driving the oil market at this time. "I think you see demand coming back to traditional growth levels. So coming out of the pandemic, there was a bit of an extra boost. Everybody kind of catching up on their travel and markets coming back to normal," Nelson states. "And then you see uncertainty in the market. You see... OPEC+ to some degree controlling supply. And questions about geopolitics. That's kind of keeping us in a range, but keep us bouncing around." Addressing Chevron's M&A activity and the arbitration delays in its closing its deals with Hess (HES), Nelson highlights Chevron's growth profile, calling it "really exciting" and emphasizing that the Hess deal was not a necessity to maintain that growth. He notes the company has "growth built in" for both the short-term and long-term: "There's a growth trajectory with or without the Hess transaction, but we believe the Hess transaction is good for both shareholders." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
