The Largest Corporation Settlements in United States History
Best Energy Stocks to Buy in 2021 — XOM Versus BP
How Have Depressed Oil Prices Impacted Total’s Stock Performance?
In 2015, sinking oil prices impacted earnings of integrated energy companies. This reflects on the stock performance of these companies.
UK Industrial Production Regained Strength in August
With a rise in mining and quarrying activities, the UK industrial production index rose by 1% in August 2015 against a fall of 0.3% in July.
Shell Plans to Sell Iraqi Oil Fields: Focus on Divestments
Royal Dutch Shell (RDS.A) plans to sell its oil fields in Iraq. The sale could be due to Shell’s restricted authority on the fields.
Why Chevron’s Valuations Command a Premium over the Peer Averages
Chevron (CVX) is currently trading at a forward EV-to-EBITDA of 6.8x, above the peer average of 5.5x.
Chevron’s 3.6% Dividend Yield Ranks Sixth with High Valuations
Chevron (CVX) is the sixth stock on our list of the top eight dividend-yielding stocks.
G20 leaders are emphasizing fiscal policies
The G20 finance ministers and central bank governors emphasized the role of fiscal policy in building confidence and supporting domestic demand.
Assessing BP’s Debt Position
Comparing BP’s debt position with peers’ In this part, we’ll assess whether BP’s (BP) debt position has improved. Let’s begin by looking at how BP’s debt position compares with peers’. In the second quarter, BP’s total debt-to-capital ratio was 37%, higher than the industry average of 33%. The industry average considers 13 integrated energy companies worldwide. […]
BP’s Upstream Earnings: What to Expect in Q1
According to BP’s guidance, its hydrocarbon production is expected to stay flat sequentially in the first quarter.
How BP’s Debt Position Compares
In this part, we’ll review whether BP’s (BP) debt position has improved. Let’s begin by comparing BP’s debt position with peers’.
Key Analysis of Chevron’s Fiscal 3Q15 Earnings
Chevron (CVX) announced its third quarter earnings on October 30, 2015. Chevron saw new positions in 870 institutional investors’ portfolios in fiscal 2Q15.
What Analysts Recommend for Integrated Energy Stocks
BP has the most “hold” ratings among the four stocks we’ve discussed in this series.
Institutional Holdings in BP Today: Behind the Trend
Institutional holdings in BP currently stand at ~10%, which has fallen ~1% in the past six months.
What Does BP’s Short Interest Analysis Reveal?
Short interest in BP (BP), which has been rising since the beginning of 2016, has witnessed a 23% fall since July 14, 2016.
A Look at Shell’s Stock in 4Q15 Prior to Its Earnings Release
In 2015, Royal Dutch Shell’s stock fell. Shell’s stock lost 38% in the trailing twelve months to January 26, 2016.
ExxonMobil’s 4Q17 Outlook: A Segment-Wise Review
XOM’s segment-wise performance Before we look at ExxonMobil’s (XOM) 4Q17 segment-wise performance, let’s look at how it did in 3Q17. Between 3Q16 and 3Q17, ExxonMobil’s upstream earnings rose to $1.6 billion from $620 million due to a surge in crude oil prices. Brent prices rose from $46 per barrel to $52 per barrel. ExxonMobil’s downstream earnings […]
Shell’s Upstream Portfolio: Is it Poised to Grow?
Royal Dutch Shell (RDS.A) produced 3.8 MMboepd in 1Q17 from its worldwide operations, compared to 3.7 MMboepd in 1Q16.
How Was ExxonMobil’s Upstream Performance in Q2 2018?
ExxonMobil (XOM) produced 3.7 MMboepd (million barrels of oil equivalent per day) from its worldwide operations in the second quarter.
BP’s Upstream Segment: Large Upcoming Gas Projects
BP has a strong pipeline of projects in its upstream portfolio. These projects are expected to result in 800,000 barrels per day of new production by 2020.
What’s the Forecast for Shell Stock for the Next 7 Days?
Implied volatility in Royal Dutch Shell (RDS.A) has fallen 4.9% since July 3, 2017, to the current level of 12.8%.
Chevron’s Upstream Segment: Production Growth on the Horizon?
Chevron (CVX) produced 2.7 MMboepd (million barrels of oil equivalent per day) from its worldwide operations in 1Q17.
Seth Klarman’s Baupost Group sells its stake in British Petroleum
The Baupost Group pared almost half of its stake in British Petroleum (BP), which accounted for 7.80% of the fund’s total portfolio in 4Q 2013.
Total’s Segments: How Have Falling Oil Prices Affected Dynamics?
Total (TOT), an integrated energy major, has three main segments: upstream, refining and chemicals, and marketing and services.
BP Traded 10% below Its 100-Day Moving Average
BP (BP) was trading 10% below its 100-day moving average as of February 23, 2016. Currently, the stock is at $29. It’s below the important psychological level of $30.
Chevron’s Debt Fell in 4Q17: What to Expect in 2018
In this series, we’ll look at Chevron’s (CVX) current financial position and growth prospects.
Key analysis: Why Mexico desperately needed energy reforms
Things were going pretty well for Mexico until 2004 when its oil production started declining. The decline was as a result of Cantarell’s—Mexico’s largest oilfield— depleting reserves.
Shell’s Second-Quarter Earnings Rose but Still Missed Estimates
Royal Dutch Shell (RDS.A) reported its Q2 2018 earnings on July 26. The company’s earnings missed estimates.
Where Integrated Energy Companies’ Dividends Stood in 1Q17
Integrated energy companies such as ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) are steady dividend-paying companies.
How Chevron’s 1Q17 Segmental Earnings Trended
Chevron’s (CVX) Upstream segment, which posted a loss in 1Q16, saw its earnings rise to ~$1.5 billion in 1Q17.
ExxonMobil Stock Rose 4% after Its Q4 Earnings
ExxonMobil (XOM) announced its fourth-quarter earnings on February 1. ExxonMobil stock opened at $74.9 per share on February 1.
BP’s Year-to-Date Net Income Crashed on Special Charges
After analyzing BP’s (BP) 2Q15 performance by segment, we’ll now discuss its year-to-date (or YTD) revenues and earnings.
Chevron Ranks Second-Last in Terms of Its Dividend Yield
In terms of its dividend yield, Chevron (CVX) is the fifth-best performer among the six stocks under review.
Why Brazil is a long-term commitment for Petrobras
Petrobras’ (PBR) oil and gas production from Brazil was more than 90% of its total upstream energy production. In 2013, ~96% of its total reserves were in Brazil.
Crude Oil Prices Fall Due to Possible Panic Selling
NYMEX-traded WTI crude oil futures contracts for September delivery fell by 2.47% and settled at $42.23 per barrel on Thursday, August 13, 2015.
Could BP’s Cash Flow Position Improve?
In the first quarter, BP’s (BP) cash flow from operations rose 72% YoY (year-over-year) to $3.7 billion, and its cash outflow from investing was flat YoY at $3.8 billion.
How Institutional Holdings in Shell Are Trending
Institutional holdings show the percentage of a company’s shares owned by institutions like mutual funds and banks.
Chevron’s Valuation Is Higher than Historical Averages
Let’s examine CVX’s valuation trend. CVX traded at an average PE of 11.7x from 1Q13 to 3Q15. The PE measures a company’s price per share as a multiple of EPS.
How ExxonMobil’s Segmental Dynamics Shaped Up in Q3
In the third quarter, ExxonMobil’s (XOM) earnings rose 57% YoY (year-over-year) to $6.2 billion.
The US Gulf of Mexico Rig Count Falls through the Cracks
The Gulf of Mexico rig count was down by 11 rigs compared to the previous week, with 35 rigs for the week ending March 20, 2015.
Production is expected to increase, despite lower crude prices
The EIA expects 2015 production to touch 9.3 MMbbls/d—despite the low prices. In 2014, production averaged 8.6 MMbbls/d, according to the EIA’s estimates.
Must-Know: World’s Top Oil Companies by Production
The US, Saudi Arabia, and Russia are the world’s top three crude oil producers. Let’s take a look at the world’s top oil players by production volumes.
XOM, CVX, RDS.A, BP: Are They Underperforming the S&P 500?
So far in 1Q18, Chevron (CVX) stock fell 13.9%, the highest among its peers ExxonMobil (XOM), BP (BP), and Royal Dutch Shell (RDS.A).
XOM, CVX, RDS.A, BP: Integrated Energy Stocks Compared to SPY
In this series, we’ll do a cross-sectional analysis of integrated energy stocks. We’ll examine their moving average crossovers, price forecasts, analyst ratings, and much more.
Who will drive crude oil consumption?
Current lower oil prices and growth from China, India, the United States and Asia Pacific countries will drive crude oil consumption in the long term.
Why investors should track crude oil inventory levels
The difference between actual and expected changes in US crude oil inventory levels affects crude prices and thus revenues and earnings of major companies.
Bear Market: Crude Oil Prices Hit March 2009 Lows
September WTI crude oil futures contracts trading in NYMEX rose slightly by 0.64% on August 14. Crude oil prices rose despite oversupply concerns.
Crude Oil Market: Hedge Funds Are Bullish
The Chinese market rose by 3% on Thursday, October 9. China’s steps to improve its slowing economy sent positive vibes in the global crude oil market.
Crude Oil Prices Rally as the US Dollar Depreciates
September WTI crude oil futures contracts trading in NYMEX rose by 2.48% on August 10. Crude oil prices rose due to rising refined product prices and the weak dollar.
UK Stock Market Stymies Awaiting a US Rate Hike in September
September 4 saw rises in none of the 109 constituent stocks of the EWU. The Fed’s rate-hike indecision impacted UK investors.
Will capex cuts by E&P companies affect oil prices?
Conoco is confident that its production growth will grow by ~3%, driven by a combination of new projects such as APLNG, expected to ramp up in mid-2015.
Why currency movements are important for Petrobras’ finances
By the end of 2013, PBR’s total long-term debt was ~$106 billion. It also had $8 billion in short-term debt. Approximately 80% of the debt liabilities were denominated in foreign currencies.
Goldman Sachs Favors Chevron Compared to ExxonMobil
Chevron and ExxonMobil stocks have provided almost flat returns in the current quarter. As a result, Goldman Sachs favors Chevron over ExxonMobil.
ExxonMobil, Chevron, Shell, BP: Which One Is Analysts’ Favorite?
Royal Dutch Shell (RDS.A) has received the most “buy” ratings, most likely due to its strategy to cut capex, reduce costs, and divest non-competitive assets.
Why Is the United Kingdom’s Stock Market Buoyant?
The iShares MSCI United Kingdom (EWU) rose 1.1% on Thursday, October 8. On Thursday, 82 stocks rose out of EWU’s 109 constituent stocks.
Crude Oil Prices Hit a 4-Week High Led by Slowing US Production
November WTI crude oil futures contracts trading in NYMEX rose by 4.9% on October 6. Crude oil prices rose due to slowing US production and rising retail demand.
Investor snapshot: Valuing BP compared to its peers like Chevron
Despite the strain that the Macondo incident put on BP, the company continues to reward shareholders handsomely in the form of share buybacks (which boosts earnings per share). It has also been paying hefty dividends.
XOM, CVX, RDS.A, BP: How Integrated Energy Stocks Performed after 3Q17 Earnings
Since October 26, Royal Dutch Shell (RDS.A) stock has risen 5.3%, the highest among its peers ExxonMobil (XOM), BP (BP), and Chevron (CVX). BP also rose 4.9% during the same period.
Total’s Valuation Trends: How Does It Compare with Its Peers?
In 3Q15 and 4Q15, Total’s valuation was higher due to lower EBITDA (earnings before interest, tax, depreciation, and amortization) and cash flows.
Uptrend Continues in Mining Stocks
The uptrend in mining stocks continued on October 2, 2015, as 85 of 109 stocks in the iShares MSCI United Kingdom ETF returned positive gains on the day.
Crude Oil Prices Are Almost Flat as the Fed Delays the Rate Hike
NYMEX-traded WTI crude oil futures contracts for October delivery fell slightly on September 17, 2015. Crude oil prices fell as the Fed delayed the rate hike.
Is BP’s Cash Flow Slated for Growth?
Rising oil prices have given BP some hope that its cash flows could improve. The robust upstream project pipeline is also likely to result in higher production.
How Chevron’s Dividend Yield Stacks Up with Peers
Chevron (CVX) is the seventh dividend-yielding stock on our list of top eight stocks.
Why is Petróleo Brasileiro S.A.—Petrobras important?
Petróleo Brasileiro S.A.—Petrobras (PBR) is one of the largest integrated energy companies in the world. In the U.S., it’s more commonly known as Brazilian Petroleum Corporation—Petrobras.
Chevron Stock at a 52-Week High in 4Q17
Chevron (CVX) stock has risen 6.4% since October 2, 2017, outperforming the SPDR S&P 500 ETF (SPY), which has risen 6.0% in the same period.
Major Events That Affected Chevron and Shell in 3Q17
Chevron’s 1H17 results improved from ~-$2.2 billion in 1H16 to $4.1 billion due to an across-the-board rise in its segmental earnings.
Shell’s Stock Has Risen 16% since September 2016
Shell’s stock had a weak opening to 2016. It traded below its 50-day and 200-day moving averages at the beginning of the year. Its share price touched a trough on January 20, 2016.
Crude Oil Prices Rose Due to the Supply Outage
NYMEX-traded WTI crude oil futures contracts for December delivery rose by 3.8% on November 3. Crude oil prices rose due to a supply disruption in Brazil.
Petrobas and Its Analysts: Are Ratings Improving?
As of January 11, 2017, Petrobras (PBR) has been rated by 18 analysts. Four of them rated the company a “buy” or “strong buy.”
Crude Oil Up on September 21 Due to Drop in Inventory Levels
After posting moderate gains on Tuesday, September 20, crude oil prices inched higher on Wednesday, September 21, amid a drop in inventory levels. Crude oil prices also took support from the oil service workers’ strike in Norway.
How Are Oil Prices Squeezing OPEC Members’ Budgets?
Oil prices have fallen more than 60% since June 2014, which affects the revenue of OPEC countries.
Is There a Correlation between TOT, Oil, and Natural Gas Prices?
The correlation coefficients of TOT versus Brent and WTI stand at 0.36 and 0.49, respectively.
Did BP Have Better Cash Flows in 2019 than Peers?
BP (BP) saw weaker revenues and earnings in the first nine months of 2019. An across-the-board decline in segmental earnings impacted the performance.
Schlumberger Receives Contract from BP
On March 21, 2017, Schlumberger (SLB) announced that BP (BP) awarded SLB’s OneSubSea an engineering, procurement, and construction (or EPC) contract.
BP on the Street: Analyst Ratings Prior to the 1Q17 Results
Of the 11 analysts covering BP stock, four (36%) have assigned “buy” or “strong buy” ratings, while seven (64%) have assigned “holds.” None has assigned a “sell.”
Crude Oil Inched Higher ahead of the Brexit Vote
After showing weakness on June 22 due to the disappointing inventory report, crude oil started Thursday on a positive note.
Crude Oil Prices Were Weaker amid Mixed Sentiments
Crude oil prices were weaker in the early morning trading hours of July 19 amid mixed sentiments.
Crude Oil Prices Tumbled Almost 6% in Single Trading Session
The US benchmark March WTI crude oil futures contracts fell by 6.0% and closed at $31.62 per barrel on February 1, 2016. Global benchmark Brent oil futures fell 1.4% and closed at $34.24.
BP after Its 2Q15 Earnings: Wall Street Analysts’ Forecasts
Now let’s look at Wall Street analysts’ forecasts for BP following its 2Q15 earnings release.
Crude Oil Remained Stable in the Early Morning on August 12
After gaining more than 4% on August 11, crude oil prices remained stable at three-week high levels in the early morning hours on August 12.
Brent and WTI Crude Oil Prices Diverge
December WTI crude oil futures contracts fell marginally by 0.52% and closed at $40.54 per barrel on Thursday, November 19, 2015.
How the Middle East and China Drove Crude Oil Prices Lower
NYMEX-traded WTI crude oil futures contracts for September delivery fell by 2.89% on July 31. Rising crude oil production led to the fall in crude oil prices.
What Chevron’s PEG Ratio Reveals
Chevron’s PEG ratio stands at 0.16, which is below the peer average of 0.22.
How Canadian Pacific Railway’s Volumes Compared to Peers
Canadian Pacific Railway (CP) is Canada’s second-largest freight rail.
Positive and negative effects on ExxonMobil’s returns
Currently, the biggest concern affecting Exxon Mobil (XOM) and other energy companies is the falling crude price and falling oil and gas production.
Canadian Pacific Railway: Rise in Railcars Cover Intermodal Fall in Week 33
Canadian Pacific Railway witnessed a volume loss in the intermodal space in week 33 of 2017.
Has Shell Stock Outperformed SPY in 4Q17 So Far?
Shell’s 3Q17 EPS stood 46% higher than its 3Q16 adjusted EPS.
Chevron: Analysts’ Recommendations
In January, 23 analysts rated Chevron (CVX). Among the analysts, 17 (or 74%) recommended a “buy” or “strong buy.”
Crude Oil Prices Fall as the Gasoline Inventory Builds
November WTI crude oil futures fell for the second day by 4.06% on September 23. Crude oil prices fell due to the larger-than-expected gasoline inventory buildup.
Texas Contributes 40% of US Crude Oil Production
The US is the third-largest country by area in the world. However, US oil production is the world’s highest. Here’s a breakdown of its main oil regions.
Record Inventory Buildup Drags Crude Oil Prices for the Fourth Day
November WTI crude oil futures contracts fell by 0.56% on October 15. Crude oil prices fell for the fourth day due to the record crude oil inventory buildup.
How Chevron Stock Is Performing This Quarter
In this series, we’ll review Chevron’s (CVX) market performance. We’ll begin by analyzing Chevron’s stock and moving averages this quarter, followed by its stock forecast range to the end of next quarter.
Why the Baupost Group adds new position in eBay
The Baupost Group added a stake in eBay Inc. (EBAY) that accounted for 3.62% of the fund’s total second quarter portfolio. eBay is a global technology company that enables commerce through three reportable segments—Marketplaces, Payments, and Enterprise.
The Correlation of BP Stock with West Texas Intermediate in May
The correlation of BP (BP) stock with WTI (West Texas Intermediate) stood at 0.49 in May 2017.
The Correlation of Integrated Energy Stocks with WTI
XOM, RDS.A, and BP’s respective correlations with WTI stood at 0.44, 0.56, and 0.52 in the past one-year period.
US Dollar and China: Crude Oil Prices Fell for the Third Day
December WTI crude oil futures fell by 2.0% on November 6, 2015. Crude oil prices fell due to the appreciating US dollar and weak demand data from China.
ExxonMobil or Chevron: Which Is the Oil Stock for 2020?
ExxonMobil and Chevron have faced harsh business conditions this year. Crude oil prices have risen, but they are still lower than last year, on average.
How Does Saudi Aramco’s Production Compare to Its Peers?
Saudi Aramco’s production accounted for 27% of OPEC’s average production in 2015. After Saudi Arabia, Iraq and Iran have the highest production in OPEC.
GREK Falls 4.26% as Greece Prepares for More Austerity Measures
In the coming week, Greece is due to present its next set of austerity measures, which it must implement in order to secure new financing.
Lower Oil Prices: BP Stock Has Fallen 18% in Q4 2018
So far, BP stock has fallen 18% in the fourth quarter due to the fall in oil prices. WTI, the benchmark oil, has fallen 34% in the fourth quarter.