Chevron Corp

Last week, Carl Icahn’s hedge fund filed its 13F for the first quarter of 2020. Occidental Petroleum was one of the hedge fund’s largest buys.

Looking at the top US-listed oil-producing companies’ stock prices, ExxonMobil, BP, and Chevron have fallen by 40.5%, 41.6%, and 31.5% in 2020.

BP (NYSE:BP) has started this year well. The stock has risen by 4.5% year-to-date, the most among its peers. The S&P 500 has increased by 0.3% year-to-date.

Oil companies have come into focus due to geopolitical tension. The tension got worse after a US drone strike killed Iran’s top general in Iraq.

On January 2, Qassem Soleimani, a top Iranian Revolutionary Guard Corps general, was killed by a US drone strike in Baghdad.

Oil stocks like ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) saw mixed performance in the fourth quarter of 2019.

Mega oil companies Chevron (CVX) and ExxonMobil (XOM) saw a weak 2019. Their earnings slid in the first nine months of the year.

Energy stocks have risen marginally in 2019. Though these stocks have underperformed the market, their dividend yields have outperformed it.

Integrated energy stocks have underperformed the equity market in 2019. We’ll see what 2020 has in store for Chevron, ExxonMobil, Royal Dutch Shell, and BP.

This year, oil stocks have taken a hit due to weaker oil prices. In 2019, WTI oil prices have declined by 12.2% year-over-year.

Technical indicators suggest more upside in the Dow Jones this year. Today at 7:25 AM ET, Dow futures gained 0.1%, indicating a slightly higher opening.

Royal Dutch Shell (RDS.A) (RDS.B) stock has risen marginally by 0.9% YTD (year-to-date). Overall, 2019 hasn’t been great for the stock.

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.

Chevron agreed to acquire Puma Energy Australia Holdings for 425 million Australian dollars. Chevron expects to close the acquisition in mid-2020.

Shell stock has seen dull returns in the current quarter. The stock has fallen 0.6% sequentially due to lower oil prices and volatile equity markets.

Chevron and ExxonMobil stocks have provided almost flat returns in the current quarter. As a result, Goldman Sachs favors Chevron over ExxonMobil.

Chevron (CVX) stock’s performance has been dull this quarter. Although oil prices have risen this year, on average, they still stand lower than last year.

Today at 7:06 AM ET, Dow Jones futures were almost unchanged. On Wednesday, the Dow and S&P 500 rose just 0.1% and 0.3%, respectively.

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.

Chevron has been facing volatile crude oil prices recently. Due to softer energy prices this year, its upstream realizations and earnings have weakened.

BP (BP) stock has fallen 2.4% sequentially. The stock is under pressure due to weaker results. The company’s third-quarter earnings fell sharply.

Oil companies Chevron Corp (CVX) and BP are facing harsh business conditions this year. CVX stock rose by 6.9% YTD and BP stock fell by 3.3%.

Every investor faces some tough choices. Should you turn to stocks, exchange-traded funds (ETFs), index funds, mutual funds, or bonds?

Haynes and Boone reported that 50 energy companies filed for bankruptcy in the first nine months of 2019, including 33 oil and gas producers.

ExxonMobil (XOM) stock has fallen 3.9% this quarter, driven down by the company’s weak third-quarter earnings and lower crude oil prices.

Suncor Energy stock has risen 11.4% this year. It’s outperformed peers Chevron and ExxonMobil, which have risen 7.4% and 0.3%, respectively.

Royal Dutch Shell (RDS.A) stock has been pressured this quarter, falling by 2.3% so far. The company has strived to create an integrated business.

Chevron’s (CVX) stock price has risen 7.7% YTD (year-to-date). However, other energy stocks have put up mixed performances this year.

BP (BP) stock has been weak this year—it has risen 0.2% quarter-to-date but has fallen 2.2% year-to-date. Let’s assess whether it’s a good time to buy BP.

While ExxonMobil and Chevron have fallen 2.7% and 0.4%, respectively, quarter-to-date, Royal Dutch Shell and BP have fallen 1.8% and 0.6%, respectively.

Currently, Chevron stock trades at 18.5x its 2019 forward EPS and at 17.2x its 2020 forward EPS. The stock is higher than most of its peers.

ExxonMobil stock and oil prices have a strong correlation. The one-year correlation coefficient between the stock and WTI crude oil prices stood at 0.54.

Total SA (TOT) stock has risen 3.4% quarter-to-date. Though its rise has been marginal, it’s outperformed most of its peers.

This quarter, ExxonMobil (XOM) stock has fallen 2.4%. Let’s try to forecast XOM’s upper and lower price limits until the end of the year.

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.

So far, Chevron’s (CVX) stock price has risen 2.1% in November due to stronger equity markets and higher crude oil prices.

Royal Dutch Shell (RDS.A) stock has risen 1% year-to-date, less than most peers. Its subdued returns may be due to the company’s dull earnings forecast.

Let’s take a look at the countries that own the most proven oil reserves and see why that matters for investors. You might find some surprises!

ExxonMobil (XOM) stock has risen 3.1% month-to-date, the most among peers. News of asset sale plans yesterday boosted XOM stock.

Suncor stock has risen 3.8% this month, the highest among its peers, due to its robust results, higher oil prices, and stronger equity markets.

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.

BP (BP) stock has risen by about 1.7% in the fourth quarter. Though that rise is marginal, the stock has still outperformed most peers, which have fallen.

Institutional holdings in energy stocks changed a lot in the third quarter. Some bought leading energy stocks, while others bought some and sold others.

Respite for Huawei is big news for tech stocks, but China’s facing other problems. Plus, one company’s fight for survival and much more.

The Dow Jones Industrial Average (DJIA) (DIA) seems to be touching new highs despite pessimism related to progress in trade talks.

Royal Dutch Shell has risen 1.2% in the current quarter driven by surging equity markets, soaring crude oil prices, and increasing natural gas prices.

BP stock has been rising in the current quarter. The rise in the stock price is in line with increased crude oil prices and equity markets in the quarter.

ExxonMobil (XOM) stock has risen 2.4% this month, and Chevron stock is up 3.9%. Let’s see which company looks more well-positioned than the other.

ExxonMobil stock has fallen 3.0% so far in Q4. However, Chevron, Royal Dutch Shell, and BP have risen 2.8%, 0.5%, and 2.6%, respectively.

This month, Shell’s stock returns have been lower than most peers’. The company believes its returns could be vulnerable to macroeconomic conditions.

Chevron (CVX) stock has been rising since the company’s third-quarter earnings release on November 1. Month-to-date, CVX stock has increased by 5.3%.

Suncor Energy (SU) and Total SA (TOT) stocks have risen since their earnings. Though both companies’ profits fell, they beat analysts’ estimates.

Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.

Chevron’s (CVX) and ExxonMobil’s (XOM) stocks have reacted differently to the companies’ earnings releases on November 1.

This quarter, ExxonMobil (XOM) stock has risen 3.4%, while Chevron (CVX) has risen 2.7%. Let’s look at both stocks in further detail.

BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.

Tesla’s (TSLA) earnings have risen, led by increasing electric vehicle deliveries. Saudi Aramco has reported declining profits driven by falling oil prices.

Royal Dutch Shell (RDS.A) and BP’s (BP) earnings fell in the third quarter. While BP’s profits fell 41%, Shell’s earnings fell 15%.

ExxonMobil and Chevron released their Q3 earnings results on November 1. While Berenberg has raised ExxonMobil’s target, it has lowered Chevron’s.

Chevron stock (XOM) closely relates to oil prices, so investors sometimes use this highly liquid, well-regarded stock as a trading vehicle for oil.

AT&T stock is prospering, while Netflix’s problems could be rising. We also have the latest earnings including U.S. Steel and Chevron today.

ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts’ estimates.

The long-awaited Saudi Aramco IPO is confirmed. Based on estimates, this could be the largest IPO. Also, Aramco could be the biggest listed company.

Chevron’s (CVX) earnings, on a reported basis, have fallen 36% YoY to $2.6 billion in the third quarter. The company released its results today.

ExxonMobil’s (XOM) earnings have fallen 53% YoY in its third-quarter results. Analysts expected a 54% YoY fall in the company’s profits.

The Dow Jones Index (DIA) might have another weak day today. So far, the Dow Jones Industrial Average has rallied more than 16% this year.

Royal Dutch Shell’s (RDS.A) earnings surprised Wall Street by posting a lower-than-expected decline. Shell’s earnings slumped 15% YoY to $4.9 billion.

Rising sales of electric vehicles are a risk for crude oil producers. As EV adoption increases, oil demand is expected to fall.

Shell plans to release its third-quarter results on Thursday. Analysts expect Shell’s earnings to fall YoY (year-over-year) in the third quarter.

Saudi Aramco’s IPO will finally debut on the Tadawul stock exchange on December 11, according to Reuters. Investors have been waiting for three years.

BP’s third-quarter earnings, which it reported on October 29, fell almost 41% year-over-year. However, they came in better than analysts’ estimate.

BP will release its third-quarter earnings results on October 29. In the quarter, integrated energy companies faced severe business conditions.

The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.

So far, Chevron (CVX) stock has risen 4.1% in October. The stock might have risen due to higher oil prices and improving equity markets.

Integrated oil and gas major BP (BP) is expected to post its third-quarter results next week. Will BP’s earnings put on a good show?

US companies are cutting their spending amid an unstable geopolitical scenario. Whether such cuts will lead markets to crash is an intriguing question.

US crude oil production has more than doubled since 2009 and grew by 1.1% over the last year. Currently, there are 133 operable refineries in the US.

Renaissance Technologies had a strong investment in the healthcare sector in Q2 2019. The healthcare sector makes up 18.16% of the firm’s total portfolio.

ExxonMobil and Chevron are expected to post dull numbers in the third quarter. They’re scheduled to report their third-quarter earnings on November 1.

Energy stocks are slumping due to falling equity markets and plunging oil prices. So far this month, the S&P 500 Index has fallen 2.8%.

Berenberg cut its target price on ExxonMobil (XOM) stock from $73 to $63, according to Reuters. Analysts’ mean target price on ExxonMobil stock is $80.

Integrated energy stocks slumped in the third quarter. Lower oil prices, equity market volatility, and macro concerns hammered the stocks.

Integrated energy stocks slumped in the third quarter. Royal Dutch Shell (RDS.A) stock fell the most, dropping 9.6% in the third quarter.

Leading energy stocks like ExxonMobil (XOM) and Chevron (CVX) are facing bleak business conditions. Oil prices have been weaker in the third quarter.

Short interest changes have been mixed in the third quarter. Integrated energy stocks ExxonMobil, Royal Dutch Shell, Chevron, and BP have fallen.

Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.

BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.

Two Saudi Aramco crude oil facilities were attacked by Iran-backed Houthi rebels using drones. At 10:23 AM, Brent crude oil was trading up 11.2% at $67.

Rising oil prices boosted energy stocks on September 16, as the drone attack on Saudi Aramco’s oil field propelled oil prices by about 10%.

The Dow Jones Industrial Average Index has fallen 0.4% or by 115 points today. The index is trading lower after rising for eight consecutive trading sessions.

Chevron (CVX) stock has fallen 1.4% since July 1, 2019, the beginning of the current quarter. Prices of WTI crude oil have fallen 6.0% in the quarter.

Autonomous ride-sharing and robotaxi startup Voyage has raised about $31 million in the Series B round, according to its press release.

The valuations of integrated energy stocks ExxonMobil, Chevron, Shell, and BP have been slammed in Q3, led by volatile equity markets and oil prices.

With John Bolton’s removal, the US and Iran might resume diplomatic talks. US-Iran talks might increase the bearish sentiments for oil.

Redburn has double-downgraded ExxonMobil stock to “sell,” according to Thomson Reuters. It’s actually made downgrades in the entire sector.

Royal Dutch Shell is trading near its 52-week low. Shell stock has fallen sharply in the third quarter to $55.80, close to its 52-week low of $54.90.

Production volumes, production costs, and finding and development costs are key metrics to consider when analyzing energy stocks’ upstream operations.

To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.

Institutional holdings in Chevron, ExxonMobil, Royal Dutch Shell, and BP stand at levels ranging from 10% in Shell to 68% in Chevron.

ExxonMobil and Chevron slumped 7.9% and 4.9%, respectively, in August. The stocks took a beating due to weaker markets and tumbling crude oil prices.