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Carl Icahn’s Love for Occidental Petroleum Might Be Costly
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.
Top Oil-Producing Companies’ Stock Prices Fall
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.
Is Wall Street Warming Up to BP Stock?
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.
Will US and Iran Tension Hurt or Benefit Oil Companies?
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.
Oil and Dow Jones Could Move Inversely after Soleimani Killing
On January 2, Qassem Soleimani, a top Iranian Revolutionary Guard Corps general, was killed by a US drone strike in Baghdad.
Q4 Wrap-Up of Oil Stocks XOM, CVX, RDS.A, BP
Oil stocks like ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) saw mixed performance in the fourth quarter of 2019.
Why Analysts Prefer Chevron over ExxonMobil
Mega oil companies Chevron (CVX) and ExxonMobil (XOM) saw a weak 2019. Their earnings slid in the first nine months of the year.
The Best Dividend-Yielding Energy Stocks for 2020
Energy stocks have risen marginally in 2019. Though these stocks have underperformed the market, their dividend yields have outperformed it.
Best Energy Stocks: Target Prices and Upside Potential
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.
Oil Stocks with Strong Technicals—Looking ahead to 2020
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.
The Dow Jones’ Santa Claus Rally Could Run into 2020
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.
Is Shell Better Placed than Its Peers for 2020?
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 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 the Puma Energy Acquisition Fits Chevron’s Strategy
Chevron agreed to acquire Puma Energy Australia Holdings for 425 million Australian dollars. Chevron expects to close the acquisition in mid-2020.
What’s Shell’s Stock Price Forecast until the End of 2019?
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.
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.
Why Analysts Are Divided on Chevron Stock
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.
How the Dow, S&P 500 Could Navigate Today’s Trading
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.
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.
Can Chevron Churn Profits across the Oil Price Cycle?
Chevron has been facing volatile crude oil prices recently. Due to softer energy prices this year, its upstream realizations and earnings have weakened.
BP Stock: Gauging Short Interest in Q4
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.
BP versus Chevron: Who Has More Financial Power?
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%.
Stocks versus ETFs: Which Should Investors Choose?
Every investor faces some tough choices. Should you turn to stocks, exchange-traded funds (ETFs), index funds, mutual funds, or bonds?
2019 Oil and Gas Bankruptcies Paint Bleak Outlook
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 Stock: Why Short Interest in XOM Has Surged
ExxonMobil (XOM) stock has fallen 3.9% this quarter, driven down by the company’s weak third-quarter earnings and lower crude oil prices.
SU Stock: Suncor Foresees 5% Growth in Oil Output
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.
Shell Stock: Has RDSA Built a Reliable Business Model?
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: Analyzing Its Stock Price Forecast until December 31
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 Stock: Is It Wrong to Buy It Now?
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.
ExxonMobil, Chevron, Shell, BP: Energy Stocks to Buy?
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.
Chevron: Is It a Good Time to Invest in the Stock?
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.
Oil Prices and ExxonMobil Stock: What’s the Correlation?
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.
Why Total Stock Has a 30% Upside According to Analysts
Total SA (TOT) stock has risen 3.4% quarter-to-date. Though its rise has been marginal, it’s outperformed most of its peers.
ExxonMobil: How Will XOM Trend for the Rest of the Year?
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.
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.
Chevron Stock: Has the Short Interest Fallen?
So far, Chevron’s (CVX) stock price has risen 2.1% in November due to stronger equity markets and higher crude oil prices.
Shell’s Growth Outlook: The Path Ahead in 2020
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.
Which Country Has the Most Oil?
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’s Valuation: Is XOM Stock a ‘Buy’?
ExxonMobil (XOM) stock has risen 3.1% month-to-date, the most among peers. News of asset sale plans yesterday boosted XOM stock.
Is Suncor Stock Entering the ‘Buy’ Zone?
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.
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.
Forecasting BP’s Stock Direction for the Rest of the Year
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.
Energy Institutional Holdings: XOM, CVX, RDS.A, BP
Institutional holdings in energy stocks changed a lot in the third quarter. Some bought leading energy stocks, while others bought some and sold others.
Get Real: From Huawei’s Reprieve to the Future of HP
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.
Will the Dow Jones Industrial Average Climb to 30,000?
The Dow Jones Industrial Average (DJIA) (DIA) seems to be touching new highs despite pessimism related to progress in trade talks.
Is Shell’s Short Interest on the Rise in Q4?
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: Will Higher Crude Oil Prices Boost Its Earnings?
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.
XOM or CVX: Better Buy on Leverage, Liquidity, Growth?
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: Not Yet Wall Street Analysts’ Favorite
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.
Shell Stock: Are Its Shareholder Returns in Danger?
This month, Shell’s stock returns have been lower than most peers’. The company believes its returns could be vulnerable to macroeconomic conditions.
Could Chevron Stock Soon Look Like a ‘Buy’?
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 vs. Total SA: Who Did Better in Q3 Earnings?
Suncor Energy (SU) and Total SA (TOT) stocks have risen since their earnings. Though both companies’ profits fell, they beat analysts’ estimates.
Energy Stocks in Q4: ExxonMobil, Chevron, Shell, and BP
Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.
Here’s Why Analysts Prefer Chevron over ExxonMobil
Chevron’s (CVX) and ExxonMobil’s (XOM) stocks have reacted differently to the companies’ earnings releases on November 1.
How ExxonMobil’s and Chevron’s Dividend Yields Compare
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.
Why Markets Love BP Compared to XOM, CVX, and Shell
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.
How Is Tesla Pressuring Saudi Aramco’s Earnings?
Tesla’s (TSLA) earnings have risen, led by increasing electric vehicle deliveries. Saudi Aramco has reported declining profits driven by falling oil prices.
Has Shell Performed Better than BP in Q3?
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%.
Why Berenberg Prefers ExxonMobil over Chevron
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 Could Enter the ‘Buy’ Zone Soon
Chevron stock (XOM) closely relates to oil prices, so investors sometimes use this highly liquid, well-regarded stock as a trading vehicle for oil.
Get Real: Roller Coaster Continues This Earnings Season
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 or Chevron: Which Performed Better in Q3?
ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts’ estimates.
Saudi Aramco IPO Arrives: Did Baghdadi’s Death Help?
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 Lower Earnings Disappoint Wall Street
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 Earnings Beat the Estimate, Stock Rose
ExxonMobil’s (XOM) earnings have fallen 53% YoY in its third-quarter results. Analysts expected a 54% YoY fall in the company’s profits.
Dow Jones Today: Watch Out for Recession Warning
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.
Shell’s Earnings Positively Surprise Wall Street
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.
Electric Vehicles Aren’t Big Oil’s Only Troubles
Rising sales of electric vehicles are a risk for crude oil producers. As EV adoption increases, oil demand is expected to fall.
Will Shell’s Earnings Recover from a Two-Year Low?
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 IPO: What Investors Can Expect
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 Q3 Earnings Slump but Beat the Estimate
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’s Q3 Results Are around the Corner: What to Expect
BP will release its third-quarter earnings results on October 29. In the quarter, integrated energy companies faced severe business conditions.
These 5 Refiners Make Half the Crude Oil in the US
The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.
Chevron: Are Higher Oil Prices Boosting Its Stock?
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.
BP’s Earnings: Will Upstream, Downstream Slump in Q3?
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?
Will Markets Crash if US Companies Lower Buybacks?
US companies are cutting their spending amid an unstable geopolitical scenario. Whether such cuts will lead markets to crash is an intriguing question.
Must-Know: The Top 10 Refineries in the US
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: Top Investments
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: Who Will Post Better Results?
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.
Which Energy Stocks Should You Consider Pre-Q3?
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%.
ExxonMobil Stock: Berenberg Cut Target Price before Q3
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.
XOM, CVX, RDS, BP: Will Energy Earnings Fall in Q3?
Integrated energy stocks slumped in the third quarter. Lower oil prices, equity market volatility, and macro concerns hammered the stocks.
A Q3 Wrap-Up for Energy Stocks: BP, XOM, CVX, RDS.A
Integrated energy stocks slumped in the third quarter. Royal Dutch Shell (RDS.A) stock fell the most, dropping 9.6% in the third quarter.
ExxonMobil and Chevron: Do Moving Averages Show a Breakout?
Leading energy stocks like ExxonMobil (XOM) and Chevron (CVX) are facing bleak business conditions. Oil prices have been weaker in the third quarter.
Comparing Short Interest in XOM, CVX, RDS.A, and BP
Short interest changes have been mixed in the third quarter. Integrated energy stocks ExxonMobil, Royal Dutch Shell, Chevron, and BP have fallen.
ExxonMobil and Chevron: Upstream Portfolio Positioning
Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.
BP Stock: Should You Buy It Now?
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%.
Saudi Aramco Attacks: Crude Oil Shock and Your Stocks
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.
Higher Oil Prices Boost XOM, CVX, Shell, BP
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%.
Dow Jones Index Falls after Rising for Eight Days
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 Stock Falls in Q3: Where’s It Headed?
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.
Robotaxis: Voyage versus Ford, Waymo, and Tesla
Autonomous ride-sharing and robotaxi startup Voyage has raised about $31 million in the Series B round, according to its press release.
Valuations: Where Do XOM, CVX, Shell, and BP Stand?
The valuations of integrated energy stocks ExxonMobil, Chevron, Shell, and BP have been slammed in Q3, led by volatile equity markets and oil prices.
John Bolton Exits, Will Oil Fall to $20?
With John Bolton’s removal, the US and Iran might resume diplomatic talks. US-Iran talks might increase the bearish sentiments for oil.
ExxonMobil Stock Downgraded to ‘Sell’ by Redburn
Redburn has double-downgraded ExxonMobil stock to “sell,” according to Thomson Reuters. It’s actually made downgrades in the entire sector.
Shell Stock Near Its 52-Week Low: Right Time to Invest?
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.
Energy Stocks: Operational Metrics, Valuation, Outlook
Production volumes, production costs, and finding and development costs are key metrics to consider when analyzing energy stocks’ upstream operations.
The US Energy Sector: An Overview
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 XOM, CVX, BP, and RDS.A
Institutional holdings in Chevron, ExxonMobil, Royal Dutch Shell, and BP stand at levels ranging from 10% in Shell to 68% in Chevron.
ExxonMobil or Chevron: Which Is the Better Buy?
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.